‘But The Fundamentals Are Terrible…’

"But The Fundamentals Are

Have you ever heard someone say that about a
stock you were trading or planning on trading? Then, of course, you have to
explain to this "investor" that you’re really not concerned with fundamentals at
all with short-term trading. Really couldn’t care less. This concept flys right
over their head, typically, and they give you that look like they think you’re
nuts. Oh, and try this one: tell an "investor" that you’re trading a stock and
you don’t even know what its name is or even what the company does!  Watch
their reaction. Great at cocktail parties, even the gym. They’ll probably try
and console you, explaining in a fatherly tone ‘how they do it.’  You know,
researching for hours the balance sheet, cash flow statements, analysts’
opinions, sifting through various stock rags, etc. That kind of stuff. ‘Oh yeah,
I have time for all that,’ you say to yourself sarcastically. ‘I bet this guy
bought JDSU in the 120s.’  You end your conversation cordially and go your
separate ways: you, wondering–but not really caring–what that company that’s
due for a technical bounce actually does, and him thinking to himself: ‘You
know, I’d even take $5 on JDSU at this point.’

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The New, Improved

If you haven’t been in TradersWire for a while,
swing by next week–you’ll be pleasantly surprised. We’ve made a lot of changes,
including precise buy and sell alerts on stocks and E-minis and Mini-sized Dow
contracts, expanded education and trading tips. And as always, there are some
good traders in the chat room. I’m not ashamed to say that I’ve learned a lot
from some of these traders through the years, and I’m willing to bet you could
learn something, too.
come on by, we’ll
see you in
on Monday!

Big Cap
Earnings Announcements for the Week of

May 23rd



Campbell Soup CPB Monday, May 23
Kongzhong KONG Monday, May 23
McData MCDTA Monday, May 23
CSC Tuesday, May 24
Gamestop GME Tuesday, May 24
Medtronic MDT Tuesday, May 24
NTAP Tuesday, May 24
Sanderson Farms SAFM Tuesday, May 24
Toro TTC Tuesday, May 24
Williams-Sonoma WSM Tuesday, May 24
Autozone AZO Wednesday, May 25
Dollar Tree
DLTR Wednesday, May 25
Kerr McGee KMG Wednesday, May 25
Michael Stores MIK Wednesday, May 25
PetCo PETC Wednesday, May 25
Black Box
BBOX Thursday, May 26
Chico’s FAS CHS Thursday, May 26
Costco COST Thursday, May 26
Dollar General DG Thursday, May 26
ELBO Thursday, May 26
H.J. Heinz HNZ Thursday, May 26
Hormel Foods HRL Thursday, May 26
TIVO TIVO Thursday, May 26
Toll Brothers TOL Thursday, May 26

Scheduled Stock Splits for the Week of May 23rd





Adobe Systems ADBE 2-1 May 23 May 24
JB Hunt JBHT 2-1 May 23 May 24
Genlyte Group GLYT 2-1 May 23 May 24
UGI Corp. UGI 2-1 May 24 May 25
Whitney Holding WTNY 3-2 May 25 May 26
Foothill Independent Bancorp FOOT 5-4 May 25 May 26
Newfield Exploration NFX 2-1 May 25 May 26
Glacier Bancorp GBCI 5-4 May 26 May 27
Courier CRRC 3-2 May 27 May 31
SRA International SRX 2-1 May 27 May 31
United Health Group UNH 2-1 May 27 May 31
Security Bank SBKC 2-1 May 27 May 31
Enbridge ENB 2-1 May 27 May 31

Need more splits information? Click

Upcoming Economic Events for the Week of
May 23rd

Date ET Release For Consensus Prior

May 24 10:00 am Existing Home Sales Apr 6.9M 6.89M
May 24 2:00 pm FOMC Minutes May 3    
May 25 8:30
Durable Orders Apr 1.1% -2.3%
May 25 10:00 am New Home Sales Apr 1345K 1431K
May 26 8:30
Initial Jobless Claims 05/21 325K 321K
May 26 8:30 am GDP (Prelim) Q1 3.7% 3.1%
May 26 8:30
Chain Deflator (Prelim) Q1 3.3% 3.2%
May 26 10:00 am Help Wanted Index Apr 40 39
May 27 8:30 am Personal Income Apr 0.6% 0.5%
May 27 8:30 am Personal Spending Apr 0.8% 0.6%
May 27 9:45
Michigan Sentiment (Revised) May 86.0 85.3


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