This has been a great week in the markets for the discretionary trust and super fund that I manage. Netflix, CV Therapeutics and now Biota have all had strong moves due to earnings, takeover and $18 Million Relenza royalties for Biota.

Great Earnings from Netflix are a trigger to look forward.
NFLX expects first-quarter revenue of $387 million to $393 million and full-year revenue of $1.58 billion to $1.64 billion. Those ranges are above the averages of analysts’ forecasts both for first-quarter revenue, $373.4 million, and for full-year revenue, $1.54 billion.

This is not the Complete Guide to Futures, it is a pointer to the guide and a reminder for me. The book which has been called a comprehensive and essential examination of fundamental and technical analysis has been essential reading since 1984.

$1B wasn’t enough to get the CVTX board thinking about selling, but I sure find it tempting.

The key to trading is emotional discipline. Making money has nothing to do with intelligence. Think of all the bright people that choose careers on Wall St. If intelligence were the key, there would be a lot more people making money trading. p 265 
The New Market Wizards has a high quote to page ratio with great insights on most pages. Read everything by Jack Schwager, you won’t be disappointed. As Fusion Investors we believe in fusing intelligence with emotional discipline. I’m really enjoying re-reading the Market Wizards series .

Suntech beats the street, but the balance sheet takes a hammering to the tune of around $70M with inventory write-downs and investment impairments of $100M being offset by $30M is shrewd debt repurchase.

ASWATH DAMODARAN’S blog is only five months old, but it is already gathering a posse of followers. In this his 44th post he discusses the implications of the current crisis on corporate finance. Plus a quick look at S&P500 dividends.

The Fusion Investing Portfolio continues to outperform the S&P ASX200 index, increasing its lead to 19% in January.

Fundamental investors in general argue against using stop losses. The simple argument is stop losses guarantee a loss. Those investors often prefer to double down as the margin of safety is now perceived to be even larger. Perhaps that attitude is born out of arrogance and an inability to face losses.

IN the following TMF post, David G. Downey, CEO of OneChicago shed light on why the SHLD SSF was trading below fair value. A topic brought up by a excellent TMF poster. I’m reposting it here as it is an interesting piece of information which was buried in a thread on Toyota.
It is true that in a positive interest rate and positive time environment that the SSF should trade at a positive basis to the the stock since there is no dividend. But in certain cases there is another …