Mr. Sensitive

March 1, 2013

FSX Friday Update

Filed under: Uncategorized — lbej @ 17:26

Well, we got our sequester, and the market finished higher for the day and for the week.  In fact, while the President was holding a press conference and describing the Republicans’ don’t-touch-our-corporate-tax-loopholes approach as dumb, the Dow moved steadily higher.  If the only way to move forward is to force the Republican Party to split—Tea Party crazies over here, rational conservatives over there—Obama seems willing to apply the necessary pressure, and the market seems not to care.

It’s about damn time.

The Family Stock Index underperformed the broader market for a second straight week.  As the Dow was making new multi-year highs, the FSX continued to churn several hundred points below the Feb 20 high, ultimately closing at 14,575, a 0.2% decline on the week.  There is some good news, though, as the index withstood another test of 14,300 and snapped back nicely off that support level.  Another encouraging sign: the rebound was driven by reversals in several names under pressure earlier in the week, including Reagan, Ruby, Jenny and Brinkley.  Nevertheless, breadth was weak (decliners over advancers 14-11) and Lucas is steadily emerging as the anchor of the FSX, only not in a good way.  After peaking at $1.71 at the end of January, LEI has plunged 29% in a month, and it’s becoming clear that the FSX won’t be able to make a new high until Lucas stabilizes.  I recommend that construction of a robot bear begin immediately.

Advancers

  • Wilson (WILC) +8.6%.  I guarantee Wilson hates winter more than any other FSX member, even Lisa.  He loves being outside for the sights, the smells, the sun, and most of all the space it puts between him and me.  Not to rain on Wilson’s escape parade, but (1) I don’t actually want to kill him, and (2) there’s nothing on earth that could save him if I did.  Nothing except maybe a robot bear.
  • Zondro (ZQK) +5.4%.  I don’t want to kill Zondro, either; I just want to find the whine-box in his throat, rip it out, and grind it up in the disposal.  See, we’re all friends here!
  • Reagan (REGN +7.1%.) and Jenny (JNY +0.1%).  The girls and I partied last night while their mother was at a two-day planning pow-wow.  It was a wild time: we ate a box of Cheez-Its and some Swedish Fish, watched American Gladiators, and went to bed at 9:45.  We were lucky the neighbors didn’t call the cops on us—not that anyone would have been awake to answer the door if they had.
  • Ruby (RJET) +3.1%.  RJET was down 3% through Thursday, and I began to fear that 2013’s number-one stock was losing steam—but the Ruby bulls weren’t having it, no sir.  After trading down to $9.40, RJET lifted off, touching $10 Friday afternoon before backing off slightly.  While the stock is overbought on a technical basis, it’s also cheap (7.7x trailing earnings) and oil prices are falling.  Even after 80% gain in the first two months alone, the Ruby party may just be getting started.

Decliners

  • Lisa (LNCE) -2.0%.  Is Lucas the kind of kid who would build a world-class robot bear but forget to add an off switch?  The market says yes.
  • Katie (CATY) -2.3%.  I can sum up Katie’s two-day corporate strategy retreat in two words: sausage hats.
  • Marcus (MCS) -2.9%.  I had a nice email exchange with Marcus this week, and it made me realize something: I know most of the words to the ‘Saved by the Bell’ theme song, but I don’t know all the words, and that simply cannot stand.
  • Charlotte’s Cats (NL) -4.3%.  Same thing with ‘Salute Your Shorts’—I know most of the words, but not all the words.  I realized that last night when I was trying to force the girls to watch SYS on Netflix, only to discover it wasn’t on Netflix.  I can watch 200-plus episodes of ‘Phineas and Ferb’, but I’m denied a Donkey Lips fix?  Netflix stock has been on a tear lately, but this is the kind of thing that could ruin the company’s momentum—now get it right or pay the price.
  • Lucas (LEI) -12%.  Don’t forget the off switch.  Not that you would…but don’t.
Name Ticker 3/1/2013 Change
Brinkley BCO $26.65 +0.30
Charlotte ICE $154.00 -1.98
Dustin DST $67.87 +0.28
Ghost Marisa MOLXA $22.74 -0.18
Icarus FAST $51.74 +0.27
Jenny JNY $11.28 +0.01
Jodi Ann JOY $62.06 -0.96
Justin SCI $15.52 -0.15
Katie CATY $19.33 -0.46
Lee TGI $72.34 -1.13
Lisa LNCE $25.04 -0.52
Lucas LEI $1.21 -0.16
Lulu LULU $67.50 +0.45
Marcus MCS $12.28 -0.37
Mario T.E. MGEE $53.79 -0.61
Mario T.Y. MAR $39.57 +0.08
Namilita NL $12.81 -0.58
Nicole E. NICE $35.61 -0.37
Nicole M. COLM $55.94 -0.26
Reagan REGN $171.73 +11.35
Ruby RJET $9.96 +0.30
Wilson WILC $6.04 +0.48
Winston ED $59.02 +0.54
Zero ZAGG $7.40 -0.04
Zondro ZQK $6.28 +0.32
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2 Comments »

  1. If I didn’t know I was down because Salute Your Shorts isn’t on Netflix, I know now. Netflix needs to step up its game.

    Comment by Charlotte — March 1, 2013 @ 18:12 | Reply

  2. I woke up the other day with the SYS them song running through my head all morning. And through lunch.

    Comment by nicole — March 13, 2013 @ 21:33 | Reply


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