And Down Again

DNS -16, -12, -1. Don't own IDCC? Too bad, +29%. Own RVBD? Too bad, -23%.

Trades:

I put in limit orders to convert break-even call options for CSTR, CVI, and DAR to call spreads. The last two filled and should return about 30%.

The FMCN calls have doubled in value.

All of these options expire in August.

Reversal alerts: (20). In order of lowest forward P/E first:

YGE: strong double-digit sales growth and maintaining a low P/E below 5 ... if you can trust the numbers.

TEO: Good double-digit sales and earnings growth, P/E falling from 9.6 to 5.6 (based on a spike in earnings and sales in the previous quarter (MRQ-1) that wasn't present in last week's database).

BRKR is due to report on the 28th with an expected rise in earnings level with decent sales growth and P/E falling from 35.5 to 28.5.

LPSN has sales growth in the 20-30% range with modest earnings dropping the P/E from 67 to 47.