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Jungle January Kielo Wrap Dress
Added Feb 2, 2016
by gabcorb
Sydney, Australia
This is the Kielo wrap dress by Named patterns, sewn up slightly too small (I cut out the correct size but neglected to add seam allowances). My fabric was quite sheer by itself, so I lined it with a lining fabric that's a reasonably close match to the background colour of the print – hopefully this helps the lining to blend in. The ties are supposed to be made from the same fabric as the dress, but in the interests of saving as much of the lovely print fabric as possible (I may be able to make a top with the leftovers) and with the Jungle January theme in mind I instead used some cotton webbing. The only other changes I made to the pattern were to raise the shoulders, to overcome my fabric's fraying and stretching out, and to take a few centimetres off the length to bring the dress up slightly from maxi length.
More sewing details and lots more photos here.
Material Notes
A semi sheer silk-cotton (I think!) fabric from Tessuti Fabrics for the outer dress, lined with champagne coloured satin to knee length. The ties are cotton.
4 Comments Sign in to add a post
Feb 22, 2016, 12.30 AMby sewing fanatic
a very nice dress and print! =P
Feb 3, 2016, 12.31 PMby lomarilou
Great dress and fanric pattern! Well done!
Feb 2, 2016, 04.28 PMby Ellen Hatteland
Amazing dress! :)
Feb 2, 2016, 03.08 PMby gtangel
Pretty..love the print
Add to Favorites 3 people added it


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What Is Testophobia?Credit: wikimedia commons
Testophobia is the irrational fear of taking tests. It's a very common phobia, especially among those still in school. However school is not the only place one may be tested. It doesn't matter what kind of test it is, its still a test.
There is a very thin line between a dislike of taking tests and the fear of taking a test. Now for those who don't study, if its a test that one has to study for, that is not an irrational fear. It's not really the fear of the test itself, but its results. However for those whom have studied, despite studying they still fear taking the test. Not just the usual anxiety, but beyond it. Those with testophobia probably would have done well on their tests, at least had they studied, but wind up not doing so, because of their phobia. They might not even make it to class, because of their fear.
Unfortunately this might be an overlooked problem, because a teacher is still going to give them the mark they earned. Not taking the test earns the test taker a 'zero'.
What Causes Testophobia?
Testophobia, like any other phobia is caused by a significant external events are at the root cause. Although genetic predisposition may also be a cause of testophobia, or any other phobia one might have.
However, an external event which may result in an individual becoming afflicted with testophobia can be easy to pinpoint. Grades ride on the results of a test and grades are important. Not only to the test taker, but their parents as well. They could be denied something if their test scores are not up to par. It can be even worse for kids with good grades, but their parents want more for them.
Were there to have been a test where the grade was particularly low, the test taker might fear taking another test, for fear of the results. Thus they'd rather avoid taking the test altogether. They might not even have studied for it, though its possible they did. Yet when its crunch time they might decide to skip out, not even lift their pencil, doodle, or freeze up, unable to think. Which results in another disaster. Which can lead to their testophobia worsening. Especially if they're going to have to have a 'chat' with the teacher, or be griped, nagged, or yelled at by their parents or guardians.
Keep in mind, they might not know what testophobia is and if they do, they probably don't want to say anything. Parents are suspicious and will think they're making it up. However if they're not, it might be time to see the school counselor or an outside mental health professional.
Who Is Afflicted by Testophobia?Credit: wikimedia commons
The people afflicted by testophobia, are usually children. That doesn't mean older people don't have testophobia. It can pop up at any time and doesn't have to be in connection with school. It could be a state exam for a job in nursing, or a civil service exam. It could also be a physical fitness exam, although one might want to think about whether its testophobia or iatrophobia. Iatrophobia being the fear of doctors. Although some people can have more than one phobia, especially children. Yet phobias from childhood sometimes without the help of anything else, seem to vanish. That, or the children grown to adults somehow came to tolerate and understand more about the necessity of doctors and tests.
What Are The Sings and Symptoms of Testophobia?
One can tell if they have testophobia if they have the following symptoms when faced with taking a test, or even the idea of taking a test. These symptoms are of course typical of any other phobia, but its the trigger which is different.
When one is faced with test taking, it indicates testophobia when they have the following symptoms.
Extreme anxiety
Shortness of breath
Rapid breathing
Irregular heartbeat
Sweating, or excessive sweating depending on the level of fear.
Dry mouth
Inability to articulate words or sentences
It's a warning sign when ones heart begins to beat irregularly. Coupled with rapid breathing or shortness of breath, it could prove fatal. Although testophobia probably doesn't cause death by fright as someone whose afflicted by aichmophobia or coulrophobia might be. Aichmphobia being the fear of needles and coulrophobia being the fear of clowns.
Is There Help For People Who Suffer With Testophobia?
There is indeed help for anyone who is suffering with Testophobia. Every phobia you may have ever heard of, is capable of being treated. That's where psychologists and mental health professionals come into play. Through them one can slowly accustom themselves to living with their phobia and getting over it. The only way to conquer ones fear, is to face it. Some have to face it in small and slower doses than others. Plus with the help of a mental health professional, cognitive behavioral therapy will prove to be an asset to ones treatment.
What Should I Do If A Family Member Has Testoophobia?
Credit: wikimedia commons Should you happen to have a family member with testophobia, or who claims to have it, don't judge. Take them at face value, but don't let them get out of taking a test. They may need more time than others to take a test, but that could be arranged. Possibly they'd have to stay after school or be placed in a different room during a study hall, but still be monitored by a teacher.
One thing one should never do, is to yell or use an angry tone with the one who claims to have testophobia. It could make matters worse instead of better. It's time to plan out how to get them through testophobia so that they can take tests. That may be when a psychologist or mental health professional needs to be called in. Just because its common for kids to abhor tests, doesn't mean the phobia is any less problematic and possibly dangerous as the next.
Listen and whether you believe your family member has testophobia or not, act as though they do. Which means starting them with cognitive behavioral therapy in order to be able to take their tests and do well in school and in life.

subset: commoncrawl


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Four Middlesex University students are competing in WorldSkills UK, a national competition which pits them against some of the most talented young people across the country.
The three day competition is taking place at the Skills Show, the UK's largest vocational skills and careers event, and sees the students split into two Middlesex teams in the Mobile Robotics and Mechatronics categories.
The competition, which also allows people to compete in disciplines from fashion design to carpentry, culminates with the winners being awarded prizes at a closing ceremony on 17 November.
The Middlesex team studies Product Design, with John Peerless and John Regan competing in Mechatronics, and Dean Chapman and James Allen in Mobile Robotics. They will be accompanied by fellow Product Design and Engineering students who are running a 'Have a go' area where visitors can get a hands-on-experience of new skills. In the area Middlesex students will hope to inspire young people to try new skills like programming a simple robot.
The teams will be hoping to recreate the success of previous Middlesex teams who went on to successfully represent the UK in the European and then global skills competitions.
In addition to the competition and 'Have a go' areas, the Skills Show will host conferences and careers information, and is estimated to be attended by up to 100,000 visitors.
Middlesex student John Peerless (20) said: "We'd learnt some of the skills in our product design and engineering course, but have had to dedicate a fair amount of time training for the competition. But, we're really excited to be competing and are very determined to win."
WorldSkills UK takes place at NEC Birmingham between 15-17 November.
Photo: Mechatronics competitors John Regan (left) and John Peerless (right)


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As some of the world's largest casinos, hotels, and resorts in Las Vegas are ramping up their use of SMS marketing, we should see an increase in its use across the entire hospitality sector, according to experts.
Wearable technology and the Internet of Things have added to the market dominance of smartphones, meaning mobile devices are still the most efficient channel to reach gamers and other potential customers. However, independent marketing analyst Ian Hayes feels that text message marketing is still severely underutilised.
Hayes, speaking to mgamingwatch.com, highlighted the need to reach a point where every casino experience and convenience is somehow capable of being facilitated through an app or SMS.
Offering holidaymakers a warmer embrace is crucial to successful SMS marketing, veteran marketer Mike Caineworth points out. People visit cities like Las Vegas to "gamble, eat, and soak up the endless entertainment", so if a potential customer is willing to receive text messages, marketers have the opportunity to really make it worth their while.
"This is one occasion on which marketers can afford to be more aggressive because Las Vegas visitors or regulars want to be marketed to for their own enlightenment," Caineworth said.
"If there's a hot new game in town or a great buffet special, you'll be hard pressed to find an SMS subscriber of yours that wouldn't want to hear about any last-minute deals of opportunities you have to offer."
Mobile-friendly services and SMS marketing was listed as the number one trend that will boost hotel marketing in 2015, hospitalitynet.org notes.


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Alta Vista Tank #2 Ribbon Cutting Ceremony
For More Information Contact
Public Invited: Alta Vista Tank #2 Ribbon Cutting in Montara on April 1, 5:30 PM
Major Investment in Quality Water Service for our Community
A ribbon-cutting ceremony will be held April 1 to mark completion of construction of the half-million-gallon Alta Vista Tank 2, according to the Montara Water and Sanitary District.
The ceremony will be held at 5:30 p.m. at the tank site, but due to lack of parking MWSD officials will shuttle guests from the District offices at 8888 Cabrillo Highway, Montara starting at 5:00 p.m. The public is invited to attend. "It is a great opportunity to see and learn about our community's biggest investment in water facilities ever," noted Clemens Heldmaier, District General Manager. There will be few brief presentations, including on the technology and process of building the tank."
Further information may be obtained by calling 650-728-3545.
"The Alta Vista Tank improves storage for firefighting, meets customer demand during emergencies, enhances water quality and positions the district to meet future growth demands for watersupply," Heldmaier said. "When the existing tank No. 1 on the site needs to be serviced, tank No. 2 provides the needed storage.
The additional water storage also allows the District to operate the individual wells more efficiently by providing the opportunity to prioritize which well to use according to supply availability and drought status, as well as to lower pumping costs by pumping at off-peak hours when electricity costs less. Altogether, the reservoir represents a great new benefit to the community.
Though originally envisioned as a 1 million-gallon tank, the project was able to be reduced in size and cost as a result of the success of the community's water conservation program.
Low-cost financing for the facility was achieved through a loan from the State Revolving Fund at only 2.2 percent.
The District also realized significant cost savings by rejecting the first round of bids received and making modifications before undertaking a second round of bidding. The changes resulted in about $1 million in savings. Western Water Constructors, Inc., of Santa Rosa was awarded the $2.93 million contract and started construction in November, 2015.


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Current Newswire:
Linux continues to displace RTOSs: Enea signs deal to move customer from OSE to LinuxMar 27, 2014, 07:00 (0 Talkback[s])
(Other stories by Chris Lanfear)
Linux and RTOS vendor Enea has announced that it has signed a license agreement with a global telecommunications equipment manufacturer to deliver the operating systems Enea Linux and Enea OSE together with an OSE Compatibility Platform for running OSE applications on Linux. The total value of the agreement is estimated at $3 million over four years.
0 Talkback[s] (click to add your comment)


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Elbow Power
View Single Post
Join Date: Nov 2009
Posts: 19
Re: Elbow Power
Bob Strahinjevich
Interesting. I note that no one has really discussed 'what is elbow power' in this thread.
As a historical tidbit, there is a concept of "hiji no ri" or "elbow power" (perhaps more accurately, 'the principle of the elbow') in Judo. An aquientance of mine (who's trained with both Sam Chin and Akuzawa, as well as being Dan ranked in Tomiki aikido) has mentioned that 'elbow management' is a hot topic in those arts. Considering something like Wing Chun (which seems to have a very interesting way of using the elbows / arms), I think something like this might be a fruitful discussion.
In regards to Ukemi; it's my understanding that certain hard chi-gung exercises involve hitting oneself (lightly!) in order to 'spread the chi'. Actually, if you think about it, something like a side-break fall could serve a similar body conditioning purpose. I also realize that Kuroda has an interesting article on the use of ukemi (or rather, ukimi) and how it relates to his internal training.
In other words, ukemi training (as it is, without turning into bogyo) might serve a good purpose
Off (on?) topic, I noticed that I have gotten more out of my training recently by focusing on the elbow and forgetting about the center for a while. Stuff like..
1.) Initiating a movement by pulling down on my sternum/collarbone seems to pull my elbows onto my spine/center. On a good day, this bypasses the shoulder almost completely. The resulting power seems to use the elbow as the focal point.
2.) An added benefit is the ability to more easily dissolve resistance through the elbow - back - hip - foot connection to the ground. I'm not any stronger, I just let their resistance "slide" through to the ground and keep moving forward.
3.) Maintaining a slight tug on the elbows keeps them attached to the spine. Pushing and pulling is subsequently anchored to the frame and results in substantially more force being generated.
4.) Forgetting the hand and initiating movement with the elbow seems to both avoid resistance and allow for an increased range of motion.
5.) Rotating the shoulder and elbow in opposite directions makes #4 just a little easier.
In the context of this thread, what are the objectives of "Elbow Power"? Any examples? Video (i.e., we are trying to do this)?
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"I will place on his shoulder the key to the house of David; what he opens no one can shut, and what he shuts no one can open." ~ Isaiah 22:22
"I know your deeds. See, I have placed before you an open door that no one can shut. I know that you have little strength, yet you have kept my word and have not denied my name." ~ Rev 3:8
If God has something in store for you, no forces in hell or heaven can stop it.
"For I can do everything through Christ, who gives me strength." ~ Philippians 4:13
God's will + your efforts = unstoppable
"…because a great door for effective work has opened to me, and there are many who oppose me." ~ 1 Corinthians 16:9
No opposition can shut the door that God holds open for you.
Many are the plans in a person's heart, but it is the LORD's purpose that prevails. ~ Proverbs 19:21
God's will prevails.
Do not worry about your future. What's meant to take place will take place!
It's not the walk but the way you walk that will determine if you receive what's meant for you. Example: The Promised Land was given to the Israelites but they had to pass through the wilderness. They lacked so much faith and provoked God to anger again and again that only 2 people made it to the Promised Land. Not even Moses himself made it!
#GodsWill #fate #destiny #QueSeraSera #sovereignwill #meanttobe #dontworry #opendoor #musingz4life


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BizReport : Mobile Marketing : June 04, 2014
FIFA World Cup 2014 multi-screen viewing to increase
The FIFA World Cup kicks off in Brazil next week and the world's eyes will be watching - via multiple digital devices. Marketers and advertisers have a huge opportunity to get their messages in front of millions, and a recent survey from YuMe highlights the need for a multi-screen strategy.
In terms of sporting events, the FIFA World Cup is the most-viewed sporting event in the world. Televised in more than 200 countries, the 2010 World Cup saw more than 3 million people packing the stadiums. It also attracted 715 million viewers across television and mobile with overall viewers totaling 3.2 billion.
YuMe's survey of U.S. World Cup fans shows that this year's event, which starts on 12 June and ends in July, will be a multi-screen event watched on television, desktop computer, tablets and mobile. In fact, YuMe says that such technology only serves to make the sporting event even more popular than it already is.
"Due to the increased proliferation of tablets, smartphones and laptops, video ad publishers understand that television is no longer the only way people view digital content and thus realize the need for multi-screen video advertising to capitalize on the growing number of people who use mobile devices. This will be especially critical during the World Cup," writes YuMe in a recent blog post.
The survey, conducted in partnership with Insant.ly, found that 44% said it was important that they could watch or catch up with matches on more than one device.
Furthermore, more than half (54%) intend to watch video replays of matches online and 59% said being able to watch more than one match on multiple devices made the World Cup "and attractive event".
Other key findings from YuMe's survey include:
- 63% intend to watch highlights on desktop computer, 25% on tablet and 23% on smartphone;
- Over half on connected TV will watch recorded replay;
- Over half intend to watch online video of previous World Cup matches;
- 74% will watch matches from a bar, a friend's home or work;
- 16% plan to call in sick to work to watch matches.
Image via Shutterstock
Tags: advertising, mobile, multi-screen, soccer, trends, video viewing
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Hello everyone! My name is Crystal Jimenez and this is my ENGL 495 ESM blog. I'm currently a senior at CSUN and am looking forward to graduating at the end of the semester with a bachelors degree in English and a single-subject teaching credential.
As I begin my career as a teacher, I am learning how valuable tech ology can be in the classroom. One of the biggest impacts technology has made in my class is the ability to provide feedback to students almost instantly. When my students receive more feedback on their writing they are better able to revise and adjust their work, making them better writers.
I also notice that students are much more eager to participate in class when we use technology. It seems as though they don't view using iPads as actual school work and they get excited to work together. The majority of my students are exceedingly able to use computers, smart phones, and tablets and enjoy learning through this new medium.


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Improve productivity at work by prioritizing your daily goals in a to-do list the night before. Identify the shortest and most important tasks. Optimize your time by immediately handling any tasks that can be completed in a few minutes, and divide the high-priority tasks into roughly 90-minute blocks with short breaks in between. Increase satisfaction at work by asking for more responsibility in tasks you enjoy, as employers don't always know which roles are attractive to individual employees.
Another way to boost productivity is to limit distractions, including office chats and unnecessary meetings. Determine whether the goals of a meeting can be achieved through a quick email or phone call. Instead of frequently checking emails, schedule one or two checkpoints throughout the day to handle messages all at once. Use your lunch break and other short breaks to get out of the office, exercise and recharge your mind, so you feel refreshed when you return. Focus on one task at a time whenever possible, rather than wasting time switching between multiple tasks.
To enjoy work more, avoid spending time with co-workers who have a negative or unproductive mentality, as you are less likely to focus on positive aspects of the job. Find alternative outlets for your skills through further training or mentoring. Think about the impact your duties have on the overall success of the company, and put more effort into mastering your role and improving your efficiency.


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1. 'Neath the Wreath Holiday Gift Market: More than 12,000 shoppers join in holiday gift shopping during the Junior League of Collin County's annual 'Neath the Wreath Holiday Market at The Plano Event Center. Kicking off the 22nd year, this five-day holiday market features the best in unique holiday and home décor, ladies clothing and accessories, gifts, jewelry, children's items and gourmet food from over 100 carefully selected merchants. The event will be held Thursday at Plano Center, 2000 E. Spring Creek Parkway, Plano.
2. Veterans Day Celebration: The Allen community is invited to attend a Veterans Day Celebration at 9 a.m. on Friday at Allen Senior Recreation Center to show support for America's servicemen. Beginning with donuts, coffee and socializing, attendees will have the opportunity to meet and show appreciation to those who served in the armed forces. At 9:30 a.m., the celebration's program will begin, which will include a presentation of the flags by the Allen High School Jr. ROTC Color Guard and a musical performance from the Marion Elementary 6th Grade Choir. The event is free to attend and open to all ages, regardless location of residence or membership status at Allen Senior Recreation Center. For more information, call 214-509-4820, email email@example.com, or visit AllenParks.org
3. Big Rig Gig: Come honor the veterans and experience what it is like to climb, touch, sit in, and see first-hand real tractors, bulldozers, garbage trucks, fire trucks, backhoes and even ambulances at Prosper High School. The event will be held from 9:45 a.m. to 2 p.m. Saturday at 301 Eagle Drive, Prosper. There will be food. The cost is $5 per person (2 years and younger are free) The sensory-friendly hour (horn-free) is from 9- 10 a.m.
4. March of Dimes Run for Babies: When you join the March of Dimes' Run for Babies, you give hope to nearly half a million babies born too soon each year. This year's event will be from 8 a.m. to noon Sunday at Grandscape Texas, 3300 Plano Parkway, The Colony. Funds raised will support research that help moms have healthy, full-term pregnancies and fund research to find answers to the problems that threaten babies.
5. Paws Up FUNrasier: Help rescue and rehome more animals by heading over to The Brass Tap - Allen from 5 until close. These awesome peeps will donate 10 percent of proceeds to help provide care for current and future rescue animals. Tickets are $2 for 1 and $5 for 3. This fundraiser will be held from 5-11:55 p.m. Tuesday.
For more information about area events or to have your event featured, visit heralddemocrat.eviesays.com


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So very, very sorry. Although she had a long life, it's never long enough. My heart goes out to you. Hugs
Rest In Peace Sweet Tula.
We had to help our sweet 13.5 year old lab Tula cross the rainbow bridge this afternoon.
Our hearts are hurting......
This board has been a great place for us to be part of since she was first part of our lives and I want to thank woody and everyone here for the friendship, stories and laughs this place provided as we lived with our silly, stubborn knuckle head. She will be missed....
So very, very sorry. Although she had a long life, it's never long enough. My heart goes out to you. Hugs
Rest In Peace Sweet Tula.
Hidden Content
Kissing Bandit
I'm so very sorry for the loss of your dear, sweet Tula.....I know you are heartbroken.......sending along lots of hugs for you, and hopes that someday, when you are ready, you will find another beautiful Labrador to share your heart and home. Run with the wind, Tula!
I was just recently thinking that I had not seen ye post on here for what seems like a long time. So very sorry to hear of ye loss of Tula. Never easy as these dogs embed themselves in our hearts but that is certainly what makes them so special and letting go so hard. Me prayers and thoughts go out to ye. Godspeed Tula and peace to all that loved her.
Mike 🍀🇺🇸🇮🇪
Joanie Madden, Mary Bergin, Adrea Coor, and Nuala Kennedy, each an Irish whistle goddess in her own right.
I'm so sorry.
Run Free, sweet Tula...
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Sunnie: gotcha day 03/08/09; birth unknown but given 07/01/02
Danny: The Sundance Kid....Sunnie's boy....birth 03/31/09 (in my living room)
Barb (ID formerly "Baffle")
I am so sorry. I remember you since I joined this board, 7 years ago. I can't believe she was 13.5 already. May she run free.
Cookie Black Snowflake
July 12th, 2006.
Hidden Content
Hidden Content
Hidden Content
Hidden Content | Hidden Content | Hidden Content | Hidden Content
So very sorry for your loss.
So sad to hear! Run Free Tula!
Hugs to you on the loss of sweet Tula. Run free, Tula.
Hidden Content [SIGPIC]
I'm so sorry to hear this. Is Tula your avatar, or a painting of Tula? Rest in peace, sweet Tula, and Mommy didn't really mean what she said about you being a knucklehead, that was all said in love.
Not a Member of the Labrador Retriever Chat Forums Yet?


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Ready to take the iTwixie Word of the Week Challenge? This week's word: acrophobia.
Acrophobia means fear of heights.
How iTwixie's Word of the Week Challenge Works
Every Wednesday, check iTwixie at 9 am Eastern Time to see who won from last week, and get the new word for this week. Then just write a sentence in the comments section below. All week long, we'll collect your sentences and we'll use a random drawing to select a winner by the following Wednesday morning, at 9am. The winner will get a cool prize! It's that easy!
iTwixie's Word of the Week gets you using words that you'll need to know on placement tests for college. That's right, girls, iTwixie helps girls get ready for college!!


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If you have been accused of a crime or you are facing charges, you should immediately reach out to a Round Rock criminal defense attorney serving Williamson County. Law enforcement officials do not have you best interest in mind, and they may attempt to get you to admit something incriminating. Because they can, and most likely will, use this against you in court, getting legal support is imperative. At The Law Firm of Blair T. Jones, PLLC, our attorney is former prosecutor with nearly a decade of helping clients get their charges reduced or even dismissed another. No matter if you are facing charges for a DWI, misdemeanor, or felony, call our attorney for a free consultation as soon as possible. We are here to help, 24/7.
Fill out the form below with your information and we can get back to you right away.


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Some good disposable cell phones include Consumer Cellular, FreedomPop, Giv Mobile, H20 Wiresless and Kajeet, according to PcMag. Others include Simple Mobile, Page Plus Cellular, Republic Wireless and TextNow Wireless.
Also known as prepaid or no-contract phones, disposable cell phones are phones that do not require people to commit to contracts. T-Mobile is leading by offering 100 percent no-contract services. Consumer Cellular offers it service through AT&T and focuses on senior market, especially in the rural areas. Some of the services provided by disposable cell phones includes unlimited texts, voice minutes and mobile data. The price of the services varies from one provider to another.


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Editors Note:
The Dow broke below 17,670 to a new low for the second decline in the last three days. The low for the day was 17,609 and a new three-week low. The Dow was down -141 points at the low but rebounded slightly at the close on short covering.
The positive economics with the ISM services beating expectations failed to support the market. The financial sector declined and there were no major names reporting earnings at the open to support the market.
The new low suggests the market has confirmed a move lower and the support at 17,500 may only be a bump in the road. Market sentiment has definitely turned negative and it will not take but a few more points before the selling should accelerate. Once under 17,500 it could be a long drop and it may happen in a hurry.
The volume was muted and the decline was calm but there was no material rebound at the close. We are experiencing the sell in May cycle and a lot of post earnings depression. I looked at a lot of charts today on companies that recently reported earnings and 85-90% were in decline despite beating estimates. This is normal for May.
I think we need to hold out bearish positions in anticipation of further declines. The risk here is something that causes another short squeeze like we saw on Monday.
V - Visa
The long call position was stopped out at $76.45.
Profit Targets
Check the graphic above for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Stop Loss Updates
Check the graphic above for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
BULLISH Play Updates
ACN - Accenture PLC - Company Description
No specific news. Up in a weak market after being mentioned by a prominent hedge fund manager at the Sohn Conference.
Original Trade Description: April 20th.
Accenture provided management consulting, technology and outsourcing services worldwide. It operates in multiple segments including Communications, Media & Technology, Financial Services, Health & Public Services, Product support including supply chain management, Resources including chemicals, energy, commodities and utilities. The company was founded in 1989 and has risen to a $73 billion market cap. Accenture employs about 373,000 people in 120 countries.
Basically, Accenture helps other companies become more profitable. When Mondelez (MDLZ) wanted to improve its margins they called Accenture and implemented their suggestions. The new systems saved $350 million in the first year and is expected to save Mondelez more than $1 billion over the next three years. Accenture does this worldwide for almost any business in any sector.
This week they sold a 60% stake in their Duck Creek Technologies division to private equity firm Apax Partners. The joint venture will accelerate the innovation of claims, billing and policy administration software for the insurance industry leveraging advanced digital and cloud technology. They will invest in Duck Creek On-Demand, a native Software as a Service capability delivered through the cloud. Approximately 1,000 insurance and insurance software specialists will join the new venture. Accenture acquired Duck creek Technologies in 2011.
The key for Accenture is not specifically the Duck Creek venture but the rapidly expanding scope of the company. Nearly every day there is some new press release where they are expanding into new markets and new endeavors. This is what IBM and Hewlett Packard wish they were.
Earnings are June 23rd.
Accenture rallied to a new high in early April at $116.35. Shares paused with the market and consolidated their gains. Since April 8th shares have begun to move back to that high and could breakout at any time. I am recommending we buy that breakout over $116.35 because shares could begin a new leg higher, market permitting. Options are cheap!
Position 5/2/16 with an ACN trade at $113.25
Long June $115 call @ $2.13, see portfolio graphic for stop loss.
PVH - PVH Corp - Company Description
No specific news. Down slightly with the market but holding over support.
Original Trade Description: April 21st.
PVH is an international apparel company. They operate in six segments including Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale and Heritage Brands Retail.
Some of the brands marketed by PVH in addition to those above include Van Heusen, iZod, Arrow, Warners, Olga, Eagle, Speedo, Geoffrey Beene, Kenneth Cole, Sean John, Michael Kors, Chaps, etc.
They sell through company operated stores, wholesale outlets, department stores, chain stoes, specialty stores, mass market stores, club stores, off-price and independent stores and distributors and through e-commerce. The company was founded in 1881.
Last week PVH announce it had closed on a deal to acquire the remaining 55% stake in TH Asia, the joint venture for Tommy Hilfiger in China. The deal will increase revenue by $100 million a year.
In February PVH inked a deal with G-III Apparel to allow G-III to design, manufacture and distribute Tommy Hilfiger women's wear in the U.S. and Canada. This not only includes PVH's existing women's wear operations, but also new categories like suit separates, denim and performance. Long term I would not be surprised to see PVH buy G-III (GIII).
In January, PVH licensed MagnaReady, a shirt system without buttons, from MagnaReady Technology LLC. Men's sport and dress shirts with MagnaReady technology will be available in stores in 2016.
In their earnings reported in late March, they had earnings of $1.52 that beat estimates for $1.45 and exceeded PVH guidance for $1.37-$1.47. On a currency neutral basis earnings rose 7%. Revenue rose 2.1% to $2.112 billion also beating estimates.
Shares spiked on earnings in late March and then drifted lower as the gains were consolidated. They are starting to move higher again with resistance at $100. It may take a few days but I believe they will break that resistance, market permitting. Shares gained 78 cents today in a down market.
Earnings are late June.
Position 4/22/16
Long June $100 call @ $3.41, see portfolio graphic for stop loss.
V - Visa - Company Description
No specific news. Visa down with the Dow. We were stopped out at $76.45 when support broke.
Original Trade Description: April 27th.
Visa bills itself as a "payments technology" company. They operate an open-loop payment network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
Everybody understands Visa. Unlike American Express, Visa does not have any credit risk. Visa licenses its cards and network to banks and financial companies and charges them a transaction fee for the service. Visa assumes no credit risk because it has no borrowers. The underlying banks assume the risk and the loans created by the customers.
This is about as close as you can get to the perfect business. It is a service everyone wants and you get paid every time one of your licensee's customers use their card.
Visa reported earnings on the 22nd and warned that earnings growth may be delayed because its purchase of Visa Europe Ltd for 21.2 billion euros would be delayed following feedback from the European Commission. Visa made changes to the deal to get EU approval. Visa and Visa Europe split in 2007 before Visa's IPO in the USA. The reacquisition of the European business will add significant earnings and growth to Visa. The modified acquisition may not be completed until after June 30th and therefore appear on the earnings for Q3 rather than Q2 as previously expected.
They also said timing issues surrounding the new partnership with Costco, and USAA would push some of the expected earnings into Q3.
They lowered top line growth estimates for fiscal 2016 to 7-8%, down from "high single digit to low double-digit" range they have previously specified. This is only due to the timing of the Europe acquisition and issues in the implementation of the Costco and USAA partnerships. Visa is fine and once they complete those items the growth will rise.
In the recent period earnings rose 10% to 68 cents and beat estimates by a penny. Revenue rose 6.4% to $3.63 billion. Payment volume rose 5.7% to $1.3 trillion.
Shares dipped $3 after the earnings report and have been moving up steadily the last four days. Visa is a Dow component and any Dow rally will lift Visa as well. Conversely, a Dow decline will weigh on Visa as well.
Position 4/28/16
Closed 5/4/16: Long June $80 call @ $1.58, exit .95, -.63 loss.
BEARISH Play Updates (Alpha by Symbol)
FSLR - First Solar - Company Description
Another big decline and break below support at $52. SunPower (SPWR) is expected to report a loss on Thursday and that could push the sector even lower.
Original Trade Description: May 2nd.
First Solar provided solar energy solutions worldwide through two segments. Those are components and systems. The component segment produces the actual solar modules that convert sunlight into energy. The systems segment produces the infrastructure to combine those panels into working systems that are sold to corporations, governments and utility companies.
The company reported earnings of $1.06 that beat estimates for 93 cents. Revenue of $848 million rose 3% but missed estimates for $958 million by a mile. The company blamed the shift to a lower priced module for the decline in revenue. Another factor was the decision by the government to extend the Investment Tax Credit (ITC) another five-years on solar installations. This caused some companies to postpone plans that were being rushed to take advantage of the ITC. Now they have time to think the plans through and make calm decisions. The number of urgent sales declined.
The company refined its guidance positively to revenue in the range of $3.8-$4.0 billion and earnings up from $4.00-$4.50 to $4.10-$4.50. The minor increase in guidance did not excite investors.
With the earnings the company also announced CEO Jim Hughes had resigned and CFO Alexander Bradley would be his interim replacement. Hughes had successfully rescued First Solar from a crisis in 2012 when polysilicon prices were crashing Today the company's panels are close to multi-crystalline. The sudden departure of a hero caused some investors to flee the stock.
Earnings August 2nd.
Shares have fallen significantly since the Thursday earnings but show no indications the drop is slowing. The entire solar sector is in distress since the SunEdison (SUNE) filed bankruptcy a couple weeks ago.
I expect the decline to continue with initial support at $52.50 but longer term support well below at $40. The transformational issues of the ITC extension and the CEO resignation could linger for several weeks.
Position 5/3/16
Long June $52.50 put @ $1.67, see portfolio graphic for stop loss.
MLNX - Mellanox Technologies - Company Description
No specific news. The trend continued lower and is now targeting $37.
Original Trade Description: April 30th.
Mellanox is a fabless semiconductor company that designs, manufactures and sells interconnect products and solutions. Their solutions are used in storage, datacenters and clouds. Their Internet communications products handle communications up to 100Gbps. They are also an Apple supplier.
The reported an 11% rise in revenue to $196.8 million and earnings of 81 cents. Both beat analyst estimates for $192.5 million and 75 cents. However, guidance was not so good. They expect Q2 revenue in the range of $210-$215 million and missing estimates for $216.8 million.
The company just acquired EZchip Semiconductor and the CEO believes the deal will translate into "compelling value to current and future customers." However, increasing expenses, expected to rise 8-10% could put a crimp into profits.
With Apple iPhone sales in a slump any supplier is guilty by association. Shares have declined -$10 since earnings and are falling fast. Support is in the $38 range. With tech stocks suddenly in the dog house there is no reason for shares to rebound.
Position 5/2/16
Long June $43 put @ $1.45, see portfolio graphic for stop loss.
QQQ - Nasdaq 100 ETF Description
The Nasdaq declined for the second day on no specific news. The next support is $104. TSLA could provide lift on Thursday.
Original Trade Description: April 28th.
The Powershares QQQ is an index tracking stock for the Nasdaq 100 Index ($NDX). The QQQ represents the 100 largest domestic and international nonfinancial companies listed on the Nasdaq Stock market based on market capitulation.
The Nasdaq 100 is expected to gap higher at the open on Friday. As with most opening gaps based on some post earnings activity there is a good chance the opening print is the high for the day. The shorts in those stocks that are gapping higher will cover and the buying interest will wane.
Amazon was up $75 in the afterhours session. Linkedin gained +8. Expedia gained +11 and Baidu +8. This should produce a decent opening bounce in the index.
However, the Nasdaq 100 close at 4,363 was the lowest close since March 11th. This is below support at 4,378 and suggests the index is breaking down.
I am recommending we buy puts on the QQQ at the open when the market gaps higher in anticipation of a drop in the $NDX back to 4,200.
Since I expect the index to gap higher I am recommending the at the money put. It should be a little cheaper at the open.
Position 4/19/16
Long June $106 put @ $2.63, see portfolio graphic for stop loss.
SPY - S&P 500 ETF - ETF Description
The S&P lost -12 points to push the SPY to another four-week low close. We need it to close under $204 to see the selling accelerate.
Resistance has held and it may be a choppy week or two before a longer-term decline appears. Be patient.
Original Trade Description: March 16th.
All good things must come to an end. The market appears poised to rally and produce a new leg higher. However, there is serious resistance starting at 2,075 on the S&P and continuing through 2,100. The odds are very slim that a rally will make it through that resistance ahead of the earnings cycle and assuming earnings for Q1 are as bad as the guidance we have been getting then it is even more likely the market rolls over into the "Sell in May" cycle.
Nobody can accurately pick turning points in the market on a routine basis. There are far too many things that can push and pull the indexes but at critical resistance levels we can normally anticipate at least a little reaction to those levels.
The S&P has strong resistance beginning at 2,078, which equates to $208 on the SPY. That resistance runs from 2,078 to 2,105 or roughly $211 on the SPY. I am proposing we buy puts on the SPY starting at $207 with a stop loss at $213.
The S&P may never hit those levels or it could hit them next week. The close after the Fed decision was 2,027, which means it would still have to rally 50 points to hit our initial entry point. Once it reaches that level it will have rebounded for +268 points and would be extremely overbought when it reached that 2,078 level. That makes it even more likely it will fail when it gets there.
I am going to recommend the June $200 puts. They should cost about $4 when the SPY reaches the $207 level. I want to use June because we may not reach that resistance for a couple weeks, if at all, and once we do hit that level I want to be able to profit from any sell in May decline.
This position could go for several weeks without being triggered and there is a good chance we will not get to play it with numerous analysts calling for a failure at 2,040 and 2,050 along the way. There are analysts calling for a retest of the 1,900 level this summer with some projecting significantly lower levels. If you look hard enough you can probably find someone projecting targets a couple hundred points higher or lower than the ones discussed.
Morgan Stanley's Adam Parker slashed his price target for the S&P from 2,175 to 2,050 yesterday. Most of the major banks are in the 2,050 to 2,100 range so the expectations for a major rally from here are pretty slim.
Position 3/23/16 with SPY trade at $204.11
3/23/16: Long June $200 put @ $4.77 with SPY trade at $204.11
4/01/16: Long June $200 put @ $3.26 when SPY traded at $207.
4/19/16: Long June $200 put @ $1.95 when SPY traded at $210.
See portfolio graphic for stop loss.
TWTR - Twitter - Company Description
Twitter rebounded 6% after an analyst said the company does not have a user problem. They have a communications problem. Earnings rose 37% in Q1 and everyone is worry about users. They just need to continue working on their video product and increasing ad sales. Short covering caused the stock to spike $1 from a new low.
Original Trade Description: April 9th.
Twitter operates as a global platform for public self expression and conversation in real time. I am pretty sure everyone knows what Twitter is so I am not going into depth in this explanation.
Twitter has become the bet of the year. Analysts either think it is going to single digits or going to the moon. The highest price target is $36 and the lowest is $11 with the average at $20.86 across a total of 27 brokers.
Twitter has trouble keeping users because the learning curve is steep and Twitter spam is increasing daily. Twitter bots can be programmed to spread tweets and make it appear there is a huge volume of interest in a specific subject. Andres Sepulveda, a Latin American political operative used custom software to direct 30,000 Twitter bots to create false enthusiasm for candidates and spread rumors about the opposition. Sepulveda said the tactics gave him "the power to make people believe almost everything." The man responsible for his operations said two American presidential candidates had contact him and one of those was Donald Trump.
Unfortunately, Twitter has been having trouble monetizing all the traffic regardless of whether it is real or fake. Their monthly active users include a lot of churn and barely any growth. While nobody expects Twitter to go out of business they are losing faith in the business model.
CEO Jack Dorsey is also CEO of Square and that carries mixed emotions. Some want him replaced and others want him full time. Almost nobody wants him to continue the dual role.
There are constant rumors that Twitter will be bought by someone like Google or Apple. If that were to occur it would carry a huge premium to the current $16 stock price.
Twitter has been earnings challenged for a long time and the stock has declined from $55 to the current $16 level on a lack of confidence they will turn the company around.
Earnings April 26th.
The stock is either going to single digits or it will be back well over $20 soon. It is not likely to continue moving sideways at $16.
I am recommending we do a strangle on Twitter using the June options. Regardless of the stock or market direction we should be able to profit. Because Twitter is $16 and stagnant the options are relatively cheap. I want to buy them now and hold over earnings because that is likely to be a volatility event. We could also get some market moving news with the earnings release.
You could use the $18 call and $15 put for a net debit of $2.22 if you want a cheaper option.
Position 3/11/16
Long June $17 call @ $2.07, see portfolio graphic for stop loss.
Long June $16 put @ $1.45, see portfolio graphic for stop loss.
Net debit $3.52.
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