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Total Companies: (53) Stock Center View

Symbol Price EPS
OFC 0.18 06:00 am ET
IMGN -0.15 06:30 am ET
F 0.19 07:00 am ET
AVY 0.74 08:30 am ET
CMRE 0.41 After Mkt
KMR N/A After Mkt
MOVE 0.01 After Mkt
SBSI 0.55 After Mkt
SXT N/A After Mkt
AAN 0.37 Before Mkt
AIMC 0.43 Before Mkt
B 0.58 Before Mkt
BBGI N/A Before Mkt
BMY 0.42 Before Mkt
CHH 0.63 Before Mkt
CL 0.76 Before Mkt
CMCO 0.39 Before Mkt
CNOB N/A Before Mkt
COG 0.22 Before Mkt
DGICA 0.17 Before Mkt
DLPH 1.13 Before Mkt
DTE 1.06 Before Mkt
FET N/A Before Mkt
FLIR 0.35 Before Mkt
FNFG 0.18 Before Mkt
IDXX 0.90 Before Mkt
IMS 0.34 Before Mkt
JMP 0.14 Before Mkt
LEA 1.88 Before Mkt
LPNT 0.74 Before Mkt
LYB 2.30 Before Mkt
MCO 0.90 Before Mkt
MGI 0.34 Before Mkt
MGLN 0.46 Before Mkt
NDAQ 0.70 Before Mkt
NPBC 0.18 Before Mkt
OCR 0.92 Before Mkt
PEBO N/A Before Mkt
PG 1.07 Before Mkt
SR N/A Before Mkt
STT 1.21 Before Mkt
SXC 0.10 Before Mkt
SXCP 0.55 Before Mkt
TCB 0.29 Before Mkt
TCP 0.58 Before Mkt
UPS 1.29 Before Mkt
VTR 1.11 Before Mkt
WBC 1.41 Before Mkt
WTBA 0.30 Before Mkt
WYN 1.63 Before Mkt
AKBA -0.45 Unknown
EDMC -0.05 Unknown
SBY 0.06 Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
PG Procter & Gamble Co. 85.16 1.93 (2.32%) 13.45M 1.07 Before Mkt 230.60B
UPS United Parcel Service, Inc. 100.59 0.11 (0.11%) 4.25M 1.29 Before Mkt 91.89B
BMY Bristol-Myers Squibb Company 53.63 1.13 (2.15%) 9.00M 0.42 Before Mkt 88.91B
← American Airlines Got Grounded Extreme Return Naked Put Options →

Shutterfly - Trying to Fly with Broken Wings

Posted on 2011-12-08 by Daniel Ho

Broken WingsWhen we wrote the last article on Shutterfly (NASDAQ: SFLY), its stock just got whacked by news that Apple (NASDAQ: AAPL) unrolled its Cards app for iPhone 4S, which allows users to take pictures and then send out physical picture cards to their families and friends. The stock recovered mightily at the end of that date, showing a great hammer pattern, and then proceeded to rise from $40/share to almost $50/share in the next three weeks. It again illustrated how difficult it is to short stocks, although we did add a little more shorting during that time.

When we first started shorting Shutterfly, we started around the mid-fifies. At that time, the street still had high hopes on SFLY, but a great numbers of insiders were already unloading their shares. Started wIth a slightly disappoint earnings report in July, investors were still hoping that the company would do well going into Christmas season. That's also when the Apple news hit in early October but then the stock rose again. However, once the Q3 earnings was in, investors noticed that they had placed too much hope in the company just because it has the keywords 'technology' and 'retail' in its business. The stock was all downhill from there.

The stock took another big hit on November 30th when it mentioned that its margin was squeezed by other online photo retailers' agressive price cut such as HP's (NYSE: HPQ) Snapfish. Subsequently, the stock is now trading at $27.81/share.

With 2011 coming to a close, we believe that fund managers will put selling pressure on SFLY, as they sell losers and buy winners for year end window dressing. However, the big shorting opportunity for SFLY has passed, and although we may short more SFLY for its technical weakness, we will also keep a tighter stop in case the stock is poised for a rebound.

This article originally appears on

← American Airlines Got Grounded Extreme Return Naked Put Options →

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