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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1900)	5/4/2007 7:53:45 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 6370

I diversified a little bit: in UK, Alliance & Leicester in in the housing loan business. Of course it requires a severe downturn in UK property to start some unraveling there. As such, an options bet is warranted, Options are traded on LIFFE.

To: Bill Wexler who wrote (1900)	5/4/2007 2:46:42 PM
From: RockyBalboa	Respond to of 6370

Sears: Sears Shares Fall on 1Q Outlook Friday May 4, 11:23 am ET Sears Holding Stock Declines As 1st-Quarter Outlook Misses Analyst Expectations NEW YORK (AP) -- Shares of Sears Holding Corp. fell on Friday, after the operator of Sears and Kmart retail stores offered a first-quarter forecast below analyst expectations. After the market closed on Thursday, the Hoffman Estates, Ill.-based retailer said it expects quarterly earnings between $1.30 and $1.53 per share. Excluding a one-time benefit of 27 cents per share from a legal settlement, Sears expects earnings between $1.03 and $1.26 per share. Analysts polled by Thomson Financial project earnings of $1.46 per share. Analyst estimates typically exclude one-time items. Sears also said that same-store sales at Kmart are down 4.7 percent for the first 12 weeks of the 13-week quarter due to lower transaction volume in a majority of stores. Goldman Sachs analyst Adrianne Shapira, who rates Sears "Neutral," said in a note to clients on Friday she suspects the weak results were due to lower-than-expected Kmart sales pressuring margins and expenses, while gross margin improvement at domestic Sears stores moderated. She said she expected shares to be pressured in early trading, but a shareholder meeting on Friday could help shares. Deutsche Bank Securities analyst William A. Dreher Jr. on Friday said the outlook was "disappointing."