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Total Companies: (72) Stock Center View

Symbol Price EPS
WHR 3.10 06:00 am ET
PETS 0.21 08:00 am ET
STMP 0.59 4:30 pm ET
AAPL 1.31 After Mkt
BBCN 0.30 After Mkt
BRO 0.47 After Mkt
BXS 0.33 After Mkt
CALD 0.04 After Mkt
CDNS 0.24 After Mkt
CE 1.44 After Mkt
CMG 3.84 After Mkt
CYS N/A After Mkt
ELS 0.66 After Mkt
EWBC 0.60 After Mkt
FLS 1.00 After Mkt
FUBC 0.10 After Mkt
GLF 0.82 After Mkt
GSBC 0.57 After Mkt
HLX 0.50 After Mkt
HSTM 0.08 After Mkt
HXL 0.54 After Mkt
IBM 4.32 After Mkt
ICUI 0.48 After Mkt
IEX 0.84 After Mkt
ILMN 0.56 After Mkt
KALU 1.02 After Mkt
MCRI 0.24 After Mkt
MOVE 0.01 After Mkt
NRIM 0.48 After Mkt
OPLK 0.26 After Mkt
PCH 0.83 After Mkt
PKG 1.26 After Mkt
PLXT 0.08 After Mkt
RCII 0.47 After Mkt
RMBS 0.05 After Mkt
STLD 0.43 After Mkt
TXN 0.71 After Mkt
UCTT 0.15 After Mkt
WASH 0.59 After Mkt
WIBC 0.20 After Mkt
ZION 0.44 After Mkt
ZNGA -0.01 After Mkt
AKS 0.08 Before Mkt
BMRC 0.85 Before Mkt
BSRR 0.28 Before Mkt
BTU -0.66 Before Mkt
EPZM -0.55 Before Mkt
GCI 0.55 Before Mkt
GNC 0.74 Before Mkt
GPC 1.24 Before Mkt
HAL 1.10 Before Mkt
HAS 1.45 Before Mkt
LII 1.42 Before Mkt
MLI 0.45 Before Mkt
MOSY -0.12 Before Mkt
NVR 20.48 Before Mkt
PEBO 0.40 Before Mkt
SNBC -0.04 Before Mkt
VFC 1.09 Before Mkt
WERN 0.36 Before Mkt
AKBA -0.45 Unknown
ASH 1.38 Unknown
COCO 0.11 Unknown
EDMC -0.08 Unknown
FFIC 0.38 Unknown
KRO 0.21 Unknown
NWBI 0.16 Unknown
QCRH 0.50 Unknown
SBY 0.06 Unknown
SONA 0.16 Unknown
STML -0.58 Unknown
SYMC 0.43 Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
AAPL Apple Inc. 99.76 2.09 (2.14%) 72.10M 1.31 After Mkt 597.30B
IBM International Business Machines Corporation 169.10 -12.95 (-7.11%) 23.38M 4.32 After Mkt 168.70B
HAL Halliburton Company 52.92 0.32 (0.61%) 19.26M 1.10 Before Mkt 45.01B
← 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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