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Total Companies: (52) Stock Center View

Symbol Price EPS
PLL 0.81 07:00 am ET
SIG 0.18 07:00 am ET
ADI 0.68 After Mkt
ARWR -0.24 After Mkt
AVAV -0.11 After Mkt
BLOX 0.03 After Mkt
CISG 0.05 After Mkt
CO 0.06 After Mkt
CTRP 0.20 After Mkt
DLIA N/A After Mkt
HPQ 1.06 After Mkt
NMBL -0.16 After Mkt
PWRD 0.40 After Mkt
QADB N/A After Mkt
SGU N/A After Mkt
TIVO 0.07 After Mkt
VEEV 0.08 After Mkt
VNET 0.50 After Mkt
WTSL -0.26 After Mkt
AMWD 0.50 Before Mkt
ARCP 0.27 Before Mkt
BECN 0.62 Before Mkt
BIG -0.05 Before Mkt
BWS 0.68 Before Mkt
CBRL 1.29 Before Mkt
CHS 0.17 Before Mkt
CNTF N/A Before Mkt
CPB 0.72 Before Mkt
CTRN -0.06 Before Mkt
DAKT 0.25 Before Mkt
DEST -0.08 Before Mkt
DSW 0.52 Before Mkt
DSX -0.07 Before Mkt
EV 0.64 Before Mkt
FRED -0.13 Before Mkt
HRL 0.64 Before Mkt
JOUT -0.02 Before Mkt
LG -0.08 Before Mkt
MOV 0.86 Before Mkt
NJR -0.53 Before Mkt
SHLD -3.31 Before Mkt
TECD 1.02 Before Mkt
TIF 0.77 Before Mkt
VAL 1.15 Before Mkt
XCRA 0.24 Before Mkt
AVNW -0.08 Unknown
CENT -0.25 Unknown
COCO 0.11 Unknown
ROSG N/A Unknown
SFL 0.33 Unknown
VLTC N/A Unknown
WG 0.24 Unknown

Most Active Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
MER-PK Merrill Lynch Capital Trust I, 6.45% Trust Preferred Securities 25.49 0.02 (0.08%) 440,587 1.96% 6.33%
RBS-PE RBS Capital Funding Trust V, 5.90% Noncumul Guar Trust Preferred Securities 24.30 -0.01 (-0.04%) 313,366 -2.80% 6.07%
MER-PM Merrill Lynch Capital Trust II, 6.45% Trust Preferred Securities 25.49 0.02 (0.08%) 110,067 1.96% 6.33%
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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

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