EWZ US trading 48.12 in pre-mkt up 4% on political poll results after 0.8% yesterday (that’s nearly 5% on an Index in 2 days)
This is still a buy on technical base target is 65 long term
From: Laurent Chekroun
Sent: Thursday, June 05, 2014 12:30 PM
Subject: TECH VIEW EWZ US (45.91 last) - work a buy at 45.30, target 65.00 with a stop loss on a daily close below 44.00
Summary
· EWZ has recently broke out from a 3 year declining wedge pattern
· The breakout level stands at 44.90-45.30 and while above this level a significant move higher is the preferred scenario
· The 44.90-45.30 area is:
o 45.30 = The wedge breakout area
o 45.30 = 38.2% Fibonacci retracement of the move from 38 low to 49.81 high
o 44.98 = 55 week moving average
o 44.97 = 200 day moving average
· The wedge breakout target is somewhere in between 67 and 73 (based on the height of the wedge or the top of it – both strategies are accepted)
· The recent pullback is viewed as move lower to re-test the breakout level and assuming this 44.97-45.30 provides support a move higher should be next
Strategy: Long from 47.08, add 1 more unit at 45.30, target a move to 65.00 with a stop loss on a daily close below 44.00
Daily chart – while above 44.97-45.30 chance for a significant more higher is my preferred scenario
Weekly chart – bullish wedge breakout targets a huge move higher (target 67-72 in a medium term perspective)
TECHNICAL TRADE IDEAS
Copper prices accelerated lower overnight and are sitting at 5 week lows following rapidly growing fears that the commodity warehousing probe will uncover exactly what we have been warning about for months - there is no 'there', there. As we explained in great detail here andhere, the discrepancy of reportedly 80,000 tonns of aluminum and 20,000 tonnes of copper is sparking wholesale liquidations as carry traders, lenders, and borrowers all scramble to find out if their promised commodity is there. Iron ore, which has seen its price tumble dramatically, is also on the watch list as the port had said it was investigating whether iron ore warehouse receipts were fraudulently used multiple times to raise finance by different banks.
As we concluded yesterday,
So far it is unknown just what happens next: when it comes to copper and certainly gold, there has been a substantial downswing in prices. How much of that is attributed to CFDs unwinding is unclear. But the bigger question, and not just for gold prices, but for the Chinese economy is if indeed the funding deal house of cards is imploding, what happens to China's shadow banking system, which is extremely reliant on the billions in "rehypothecated" dollars emanating from non-existent metal collateral.
Because should the Qingdao port fiasco spread and be confirmed at all other venues that use commodities for funding purposes, then that may just be the straw that breaks the already weakened back of China's credit system. How the PBOC will respond to that may be just the variable that answers what happens to China's inflation, and thus to the price of the simple, unencumbered underlying physical metals in the coming weeks and days.
Stay tuned
Gapping down In reaction to disappointing earnings/guidance: RALY -19.8%, SEAC -11.4%, HTZ(E) -10.7%, (disclosed that Q1 results are likely to be below consensus), DMND -9.3%, MCZ -4.7%, THO -2%, COO -1.5%, ZOES -0.9%.
Other news: HDSN -7.3% (announces proposed public offering of common stock; size not disclosed ), NVAX -6% (prices 25 mln shares of common stock at $4.00 per share), IG -2.7% (filed for $35 mln offering of common stock), UIHC -1.7% (filed for ~2.72 mln share common stock offering by selling shareholders), UL -1.6% (still checking), DEO -1.5% (still checking).
Analyst comments: BTU -1.4% (downgraded to Neutral from Buy at Goldman).
Gapping up In reaction to strong earnings/guidance: CMTL +5.2%, CRDS +5%, PAY +3.3%, MTN +2.1%, QURE +0.7%.
Select EU (and India) financial related names showing strength: IRE +2.5%, ING +1.3%, IBN +1.2%, BCS +1.1%.
Select metals/mining stocks trading higher: VALE +2.5%, IAG +1.1%, MT +0.9%.
Other news: ECTE +20.9% ( announces Glass Lewis recommends stockholders vote for Echo's Board nominees), NIHD +13.2% (cont strength), MY +9.7% (obtains approval to develop and operate 300MW off-shore wind power project in Jiangsu Province ), GWPH +8% (receives Fast Track Designation from FDA for the treatment of Dravet Syndrome), VTUS +5.1% (ticking higher --- was up 20%+ yesterday), BRS +4.8% (named John Briscoe as CFO), JKS +2.8% (strongly disagrees with U.S. Department of Commerce's preliminary decision on countervailing duty investigation), RAD +2.2% (positive comments on Mad Money), JD +2.2% (cont strength), PNRA +1.8% (announced new three year $600 mln share repurchase program), ARMH +1.8% (still checking), ASML +1.7% (still checking), MBII +1.1% (prices 4.5 mln shares of common stock at $9.50 per share), DRYS +0.9% (announces Ocean Rig contract developments).
Analyst comments: ANGI +7.1% (upgraded to Buy from Neutral at BofA/Merrill), JAKK +2.5% (upgraded to Buy from Neutral at BofA/Merrill), BLMN +1.8% (initiated with a Buy at Buckingham Research), CNX +1.6% (upgraded to Buy from Neutral at Goldman), JOY +1.3% (upgraded to Buy from Neutral at BofA/Merrill), CCJ +1.1% (upgraded to Hold at Canaccord Genuity)
+------------------------------------------------------------------------------+
BN 06/06 12:02 *COTY SAYS TOTAL CONSIDERATION $468M BFW 06/06 12:02 *COTY REPORTS BUYBACK OF 27.9M CLASS B SHRS BN 06/06 12:01 *COTY TO BUY SHARES AT $16.7779 EACH BN 06/06 12:01 *COTY REPORTS BUYBACK OF 27.9M CLASS B SHRS BN 06/06 12:00 *COTY REPORTS REPURCHASE OF SHRS FROM BERKSHIRE PARTNERS, RHONE
+------------------------------------------------------------------------------+
Coty Inc. Announces Repurchase of Shares from Berkshire Partners and Rhone Capital 2014-06-06 12:00:06.758 GMT
Coty Inc. Announces Repurchase of Shares from Berkshire Partners and Rhone Capital
PR Newswire
NEW YORK, June 6, 2014
NEW YORK, June 6, 2014 /PRNewswire/ -- Coty Inc. (NYSE: COTY) today announced that, as part of an ongoing share repurchase strategy, the Company has agreed to purchase 27,892,818 shares of Class B Common Stock owned by investment funds affiliated with Berkshire Partners (Berkshire) and Rhone (Rhone), representing all the shares of Class B Common Stock they will own on the purchase date. Coty will purchase the shares at a price of $16.7779 based upon the previous five day volume weighted average price. The total consideration for the 28 million shares will be $468 million. Pursuant to this transaction, Brad Bloom from Berkshire and Steve Langman from Rhone will resign their positions on the Board of Directors, and the Coty Board will comprise eight members.
"We believe repurchasing our shares is a prudent use of our cash and are pleased to extend Coty's record of returning value to shareholders through continued share repurchases," stated Patrice de Talhouet, Coty CFO. "This repurchase of shares is in addition to our recently announced $200 million incremental share repurchase program authorized by our Board, and demonstrates our ongoing confidence in Coty's strategy to generate long-term profitable growth and strong cash flow."
"On behalf of our board of directors and executive committee members, I would like to thank Brad and Steve for their support, dedication and service to our organization," stated Michele Scannavini, Coty CEO. "They served with distinction and provided invaluable guidance to management during a pivotal time in our company's history."
"Over the past three and a half years, we have been honored to partner with Coty on its path to becoming a leader in the global beauty industry as it built a growing presence across new product categories and emerging markets around the globe," said Steve Langman, Managing Director at Rhone. "While we now exit our shareholding as the company has completed its transition from the private to public capital markets commensurate with our original investment horizon, we continue to believe in the strength and creativity of its management team and growth potential of its brands. We thank Coty and its board for this extraordinary opportunity."
"It was a privilege to partner with Coty, one of the world's leading beauty companies, during such an exciting chapter for the company," said Brad Bloom, Managing Director at Berkshire Partners. "We look forward to watching Coty's continued success."
About Coty Inc. Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty's product offerings include such power brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
Forward Looking Statements Certain statements in this release are forward-looking statements. These forward-looking statements reflect the Company's current views with respect to, among other things, the contemplated repurchase of the Company's common stock from Rhone and Berkshire and the Company's strategy to generate long-term profitable growth and strong cash flow. These forward-looking statements are generally identified by words or phrases, such as "expect", "will", "would" and similar words or phrases. Actual results may differ materially from the results predicted due to risks and uncertainties including, whether the Company, Rhone and Berkshire will be able to consummate the transactions described in the release as contemplated and the Company's ability to achieve our global business strategy and compete effectively in the beauty industry. More information about potential risks and uncertainties that could affect the Company's business and financial results is included under "Risk Factors" and "Management Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2013 and other periodic reports the Company may file with the Securities and Exchange Commission from time to time. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.
SOURCE Coty Inc.
Website: http://www.coty.com Contact: Investor Relations - Kevin Monaco, 212-389-6815, Senior Vice President, Treasurer and Investor Relations, or Media - Catherine Walsh, 212-389-7346, Senior Vice President, Corporate Communications
-0- Jun/06/2014 12:00 GMT
Early premarket gappers
Gapping up: ECTE +20.9%, MY +14.6%, VTUS +8%, CMTL +6.1%, ANGI +5%, CRDS +5%, BRS +4.8%, PAY +3.7%, MTN +2.1%, RAD +2%, MBII +1.9%, PNRA +1.8%, CNX +1.6%, ASML +1.3%, TMUS +1.2%, CCL +1.1%, QURE +0.7%
Gapping down: RALY -21.8%, SEAC -11.4%, DMND -9.3%, NVAX -7.7%, HDSN -7.3%, MCZ -4.7%, IG -2.7%, ZNGA -2%, THO -2%, UIHC -1.7%, UL -1.7%, COO -1.5%, ZOES -0.9%, LG -0.8%
Gapping down: RALY -21.8%, SEAC -11.4%, DMND -9.3%, NVAX -7.7%, HDSN -7.3%, MCZ -4.7%, IG -2.7%, ZNGA -2%, THO -2%, UIHC -1.7%, UL -1.7%, COO -1.5%, ZOES -0.9%, LG -0.8%
Draghi’s ABS Plans Signal Clash With Regulators: Credit Markets
2014-06-06 10:54:10.716 GMT
(To be sent this column daily, click SALT CMW. For credit-
market columns, click on TOP CM.)
By Alastair Marsh
June 6 (Bloomberg) -- Mario Draghi is on a collision course
with regulators as he seeks to revive Europe’s asset-backed debt
market to boost lending to businesses.
The European Central Bank president said yesterday
regulators are holding back the market he wants to use to spur
economic growth. Policy makers are frustrated by the Basel
Committee on Banking Supervision’s demands that investors
increase the capital they hold to absorb losses on the debt.
“We are working on the ABS, but you know that there are
also other actors,” Draghi said at a press conference in
Frankfurt. “There has to be a revisitation of the regulation
that had been introduced in the past few years about ABS to
eliminate some of the undue discriminations.”
Europe’s $2 trillion ABS market contracted 32 percent since
2009 as regulators cracked down on the debt they blamed for
deepening the financial crisis. The securities package
individual loans such as mortgages, auto credit or credit-card
debt and sell them on to investors, allowing banks to share the
risk of default and encouraging them to offer more credit.
Regulators have been wary of the securities as the
complicated structure of some products can obscure the true
riskiness of the underlying assets. That happened with
securities backed by the U.S. sub-prime mortgage market, which
imploded in 2007.
ECB, BOE
Lenders from London-based Barclays Plc to Deutsche Bank AG
in Frankfurt say the rules are becoming so onerous they may shun
some of the debt, prompting the ECB to join with the Bank of
England to seek to ensure the market isn’t unnecessarily
impaired.
The central banks outlined plans last week for so-called
qualifying securitizations that “would be simpler, more
structurally robust and transparent,” so that non-bank
investors could model risks more easily.
“Support from European central banks is very positive but
the current regulatory proposals on capital charges are not
conducive to growth,” Francisco Paez, who oversees $20 billion
of structured finance securities at New York-based MetLife Inc.,
said in a telephone interview on June 3. “This dissonance needs
to be addressed so that when the rules are finalized we have
capital charges for ABS that are reasonable.”
The ECB is promoting bonds backed by loans to small- and
medium-sized enterprises in a bid to increase funding to the
businesses that employ about 70 percent of the European Union’s
private-sector workers.
‘Simple and Transparent’
Draghi said the plan to revive the market includes buying
“simple and transparent” notes that are backed by non-
financial private sector debt. That may prove to be a challenge,
according to New York-based Citigroup Inc., because there are
only about 13 billion euros ($18 billion) of public bonds
outstanding.
“They may well succeed in reviving the market, but only in
encouraging exactly the sort of credit-intensive growth and
associated bubbles in asset prices which got us into trouble in
the first place,” Citigroup analysts led by Matt King said in a
note to clients yesterday before Draghi spoke.
Regulation will be the main talking point when investors,
issuers and traders gather for the Global ABS 2014 conference in
Barcelona next week. Yves Mersch, a member of the ECB’s
executive board, who said in April there is more room to
maneuver for granting high-quality securitizations favorable
treatment, will deliver the keynote speech on June 11.
Busiest Week
Asset-backed debt sales are heading for their busiest week
in three years in Europe, with the banking unit of U.K. grocer
Tesco Plc and Banco Santander SA among issuers offering almost 4
billion euros of the debt, according to Utrecht, Netherlands-
based Rabobank. The ECB’s plan to purchase ABS may not be enough
to sustain this pace of new issuance, according to UBS AG.
“With respect to jumpstarting primary issuance, we believe
lack of demand from debtors and technical hurdles for
originators and investors are not easy to look past,” UBS
analysts led by Matthew Mish in New York said in a note to
clients today.
European ABS sales fell to about 74 billion euros in Europe
last year from 325 billion euros in 2007, an almost 80 percent
decline, according to JPMorgan Chase & Co.
In the U.S., the Federal Reserve’s efforts to stimulate
securitization, including making loans to finance bond
purchases, fueled confidence in the market and held issuance
above $140 billion at the height of the crisis in 2008 and 2009,
when sales in Europe were less than $15 billion. Banks in the
U.S. sold $174 billion of asset-backed bonds last year.
“Regulation continues to play a key role in shaping access
to the ABS market and constraints remain which will take time to
overcome,” said Neal Shah, a London-based managing director for
structured finance at Moody’s Investors Service.
For Related News and Information:
Draghi ABS Plan Seen Helping Banks Not Business: Credit Markets
NSN N4XVSY6JIJUZ <GO>
Toxic Debt Condemned in Crisis Heralded as Europe’s Savior (2)
NSN N3VFG76JIJVE <GO>
Draghi’s Hunt for QE Assets Leaves ECB Scouring Bare Market (2)
NSN N3RGAQ6KLVRS <GO>
European ABS News: STNI EUROPEABS <GO>
European CMBS News: STNI EUROCMBS <GO>
Covered Bond News: NI Covered <GO>
To contact the reporter on this story:
Alastair Marsh in London at +44-20-3525-8767 or
amarsh25@bloomberg.net
To contact the editors responsible for this story:
Shelley Smith at +44-20-3525-2020 or
ssmith118@bloomberg.net
Michael Shanahan
2014-06-06 10:54:10.716 GMT
(To be sent this column daily, click SALT CMW. For credit-
market columns, click on TOP CM.)
By Alastair Marsh
June 6 (Bloomberg) -- Mario Draghi is on a collision course
with regulators as he seeks to revive Europe’s asset-backed debt
market to boost lending to businesses.
The European Central Bank president said yesterday
regulators are holding back the market he wants to use to spur
economic growth. Policy makers are frustrated by the Basel
Committee on Banking Supervision’s demands that investors
increase the capital they hold to absorb losses on the debt.
“We are working on the ABS, but you know that there are
also other actors,” Draghi said at a press conference in
Frankfurt. “There has to be a revisitation of the regulation
that had been introduced in the past few years about ABS to
eliminate some of the undue discriminations.”
Europe’s $2 trillion ABS market contracted 32 percent since
2009 as regulators cracked down on the debt they blamed for
deepening the financial crisis. The securities package
individual loans such as mortgages, auto credit or credit-card
debt and sell them on to investors, allowing banks to share the
risk of default and encouraging them to offer more credit.
Regulators have been wary of the securities as the
complicated structure of some products can obscure the true
riskiness of the underlying assets. That happened with
securities backed by the U.S. sub-prime mortgage market, which
imploded in 2007.
ECB, BOE
Lenders from London-based Barclays Plc to Deutsche Bank AG
in Frankfurt say the rules are becoming so onerous they may shun
some of the debt, prompting the ECB to join with the Bank of
England to seek to ensure the market isn’t unnecessarily
impaired.
The central banks outlined plans last week for so-called
qualifying securitizations that “would be simpler, more
structurally robust and transparent,” so that non-bank
investors could model risks more easily.
“Support from European central banks is very positive but
the current regulatory proposals on capital charges are not
conducive to growth,” Francisco Paez, who oversees $20 billion
of structured finance securities at New York-based MetLife Inc.,
said in a telephone interview on June 3. “This dissonance needs
to be addressed so that when the rules are finalized we have
capital charges for ABS that are reasonable.”
The ECB is promoting bonds backed by loans to small- and
medium-sized enterprises in a bid to increase funding to the
businesses that employ about 70 percent of the European Union’s
private-sector workers.
‘Simple and Transparent’
Draghi said the plan to revive the market includes buying
“simple and transparent” notes that are backed by non-
financial private sector debt. That may prove to be a challenge,
according to New York-based Citigroup Inc., because there are
only about 13 billion euros ($18 billion) of public bonds
outstanding.
“They may well succeed in reviving the market, but only in
encouraging exactly the sort of credit-intensive growth and
associated bubbles in asset prices which got us into trouble in
the first place,” Citigroup analysts led by Matt King said in a
note to clients yesterday before Draghi spoke.
Regulation will be the main talking point when investors,
issuers and traders gather for the Global ABS 2014 conference in
Barcelona next week. Yves Mersch, a member of the ECB’s
executive board, who said in April there is more room to
maneuver for granting high-quality securitizations favorable
treatment, will deliver the keynote speech on June 11.
Busiest Week
Asset-backed debt sales are heading for their busiest week
in three years in Europe, with the banking unit of U.K. grocer
Tesco Plc and Banco Santander SA among issuers offering almost 4
billion euros of the debt, according to Utrecht, Netherlands-
based Rabobank. The ECB’s plan to purchase ABS may not be enough
to sustain this pace of new issuance, according to UBS AG.
“With respect to jumpstarting primary issuance, we believe
lack of demand from debtors and technical hurdles for
originators and investors are not easy to look past,” UBS
analysts led by Matthew Mish in New York said in a note to
clients today.
European ABS sales fell to about 74 billion euros in Europe
last year from 325 billion euros in 2007, an almost 80 percent
decline, according to JPMorgan Chase & Co.
In the U.S., the Federal Reserve’s efforts to stimulate
securitization, including making loans to finance bond
purchases, fueled confidence in the market and held issuance
above $140 billion at the height of the crisis in 2008 and 2009,
when sales in Europe were less than $15 billion. Banks in the
U.S. sold $174 billion of asset-backed bonds last year.
“Regulation continues to play a key role in shaping access
to the ABS market and constraints remain which will take time to
overcome,” said Neal Shah, a London-based managing director for
structured finance at Moody’s Investors Service.
For Related News and Information:
Draghi ABS Plan Seen Helping Banks Not Business: Credit Markets
NSN N4XVSY6JIJUZ <GO>
Toxic Debt Condemned in Crisis Heralded as Europe’s Savior (2)
NSN N3VFG76JIJVE <GO>
Draghi’s Hunt for QE Assets Leaves ECB Scouring Bare Market (2)
NSN N3RGAQ6KLVRS <GO>
European ABS News: STNI EUROPEABS <GO>
European CMBS News: STNI EUROCMBS <GO>
Covered Bond News: NI Covered <GO>
To contact the reporter on this story:
Alastair Marsh in London at +44-20-3525-8767 or
amarsh25@bloomberg.net
To contact the editors responsible for this story:
Shelley Smith at +44-20-3525-2020 or
ssmith118@bloomberg.net
Michael Shanahan
Hertz Global disclosed that Q1 results are likely to be below consensus (Capital IQ consensus $0.09 & revenue of $2.533 bln)
- "On May 13, 2014, each of Hertz Global Holdings, Inc. and The Hertz Corporation delayed the filing of its Form 10-Q for the period ended March 31, 2014. During the preparation of the First Quarter 10-Q, errors were identified relating to Hertz's conclusions regarding the capitalization and timing of depreciation for certain non-fleet assets, allowances for doubtful accounts in Brazil, as well as other items. Hertz continued its review and recently identified additional errors related to allowances for uncollectible amounts with respect to renter obligations for damaged vehicles and restoration obligations at the end of facility leases."
- For the first quarter ended March 31, 2014, the Company's results are likely to be below consensus, reflecting costs associated with the accounting review, other unusual items, and certain anticipated operating results, although the Company will not be certain until the review referred to in Item 4.02 above is completed.
- Highlights for the 2014 first quarter for U.S. RAC include: · U.S. rental car revenue increased approximately 4.5% over the same period last year. U.S. rental car total revenue per day was down 1.6% compared with last year due to excess fleet creating a supply/demand imbalance, the loss of the Easter holiday, and a strategic change in the business mix with the introduction of the Firefly discount brand on airport and significant, rapid growth in insurance replacement business.
- Adjusted for volume mix, total revenue per day was flat. The primary Hertz Classic brand on airport was up approximately 1% in the quarter, supported in part by positive commercial pricing. International rental car revenue increased approximately 1.7% over the same period last year.
- Europe's top line improved as the Company opened 12 new off airport locations, generated incremental Firefly revenue, launched its Dream Car collection in five countries and had a significant increase in ancillary sales.
March 12, 2014 | 8:31pm
Modal Trigger
"Princeton Mom" Susan Patton has penned "Marry Smart," a book of dating advice for young women.
Photo: Anne Wermiel
Last year, Susan Patton, a Princeton grad and the mother of two sons at the elite college, outraged feminists when she wrote an open letter to the Daily Princetonian telling female students to find a husband on campus before they graduate.
The red alert — which argued that these Ivy League college girls “would never again be surrounded by this concentration of men who would be worthy of you” — went viral with more than 100 million hits.
Now Patton, an independent HR consultant who lives on Manhattan’s Upper East Side and who’s been dubbed “Princeton Mom,” has capitalized on her fame with an old-fashioned dating manual, “Marry Smart.” Published this week, the book argues that coeds have a limited shelf life “as young, beautiful [women who are] as attractive to men or as fertile” and advises them to spend three-quarters of their time in school on the hunt for Mr. Right.
But what happens if you missed your shot and didn’t get that all-important MRS certificate along with your liberal arts degree?
Nil desperandum, says Patton. She believes that, even in the dog-eat-dog dating jungle that is New York, there is hope for single career women between the ages of 22 and 35 (yes, that’s her cutoff) who also want marriage and babies.
“These women are spinsters-in-training, but they can turn it around,” says the 50-something divorcée. “They need to apply the same attitude and gumption that got them to New York City to the task of getting a husband.”
So listen up, unattached ladies! Here’s where Princeton Mom thinks you’re going wrong:
1
You drink too much
Modal Trigger
The lush life may help NYC gals relieve stress, but it won't help land a suitable man for wedded bliss.
Photo: Anne Wermiel
The ubiquitous “happy hour” sign outside your favorite bar might be beckoning — according to a recent study, binge drinking is on the rise here in NYC — but think before you dash through the doors of Dorrian’s for a 50-cent beer to ease your work stress. “Honestly, do you think that you’re at your most attractive when you are drunk, slurring your words and on the verge of puking?” asks Patton. “You’re not, and by drinking to excess, you put yourself at risk. Women who are sloppy drunks are a huge turnoff, as is the smell of puke on your hair.” You should also question whether a Second Avenue dive that shutters at 4 a.m. is the best hunting ground for love. “At best, it’s an undignified place to meet men; at worst, it’s a dangerous place to encounter possible psychopaths,” warns Patton. Her preferred spots to nab that life partner? The Metropolitan Museum, the Guggenheim, MoMA. “Any museum is a safe and very reasonable place to engage in conversation with strangers over Monet’s brilliant use of light, Mondrian’s cubist overtones or Calder’s playfulness,” she observes.
2
You might as well be married to your iPhone
Modal Trigger
Ladies, put down that smart phone -- it's a potential husband killer! Instead, "Princeton Mom" Susan Patton suggests holding your head high -- and smiling.
Photo: Anne Wermiel
You’ll never hear wedding bells when you’re constantly bent over an electronic device with your earbuds in. “When you walk through Grand Central Station, Central Park or down Madison Avenue — hold your head high and get in the habit of looking people in the eye,” says Patton. “Smile. Look like you’d be nice to speak with — welcoming, warm, charming. You can’t do any of that if you are hunched over your laptop or iPad.” Instead, it’s time to wise up, smell the spring flowers and go for a walk at lunchtime.
3
You wear too much black
Modal Trigger
Avoid black, boyish outfits and choose chic, flirty frocks in bright, welcoming colors instead.
Photo: Catwalking/Getty Images;AP Images
New York women may be known for their fashion sense, but black clothing, severe silhouettes and the kind of avant garb made famous by local fashionista Leandra Medine (a k a the Man Repeller) are all no-no’s. “Anything that makes a woman look like she’s dressing as a man” is to be avoided, says Patton. In other words, you can’t go wrong with a pastel-colored frock. “You should dress with more sophistication,” says Patton, whose favorite designer is Tahari. Another Patton peeve is the gal who wears no makeup, even when she’s jogging around the Prospect Park loop at 7 a.m. “If you are in serious husband-hunting mode, don’t leave your apartment unless you look so good that you’d be delighted to run into your ex-boyfriend,” she adds. “Remember, your body hasn’t yet been ravaged by childbirth, and presumably you’ve kept yourself healthy and attractive. You have to make the best of this time.”
4
You're dating too many guys at work
Modal Trigger
Joan bedded her boss Roger Sterling on "Mad Men."
Seeing as you spend most of your waking hours in the office, you might be tempted to make like Joan Holloway from “Mad Men” with your very own Roger Sterling (above). But show Patton a career girl who thinks she’ll find the man of her dreams at the office, and she’ll show you a future “old lady with cats.” “Women tend to be attracted to men at work who are older than they are and more senior,” she says. “When those love affairs end — and they almost always end — it’s the junior-position woman who is forced to find a new job or remain there feeling awkward.” Besides, you shouldn’t be “fishing off the company pier,” anyway. “Don’t mix your business and personal life,” adds Patton. As for married men, you already know the score. “He’s not leaving his wife for you. And if he would cheat with you, he’ll cheat on you,” says Patton. Quit wasting your time with unsuitable men. “Bad boys can be fun to fool around with, and women do have needs, but stay away from these pigs for the sake of a little sausage.”
5
You spend too much time with your gay best friend
Modal Trigger
On "Girls," Elijah may be fun to hang out with, but Hannah will never get to the altar if she spends all her time with her gay pal.
Do the funnest of your funnest nights out always end up at Therapy? We know they’re a blast, but it’s time to ditch your gay pals for a while and shop in a more appropriate market. “Your gay boyfriends are wonderful, but they are not marriage material,” says Patton. “They’ll understand if you explain why you have to spend a little less time with them until you find your man. There may not be many prospects for you on Christopher Street, but your homosexual friends may know straight guys who might be appropriate for you.” Let them know that you’d consider it a favor.
6
You're ignoring your biological clock
Modal Trigger
Don't put your ambitions for motherhood on hold for your career.
In a city like New York, where a girl is bombarded by subway ads for IVF clinics, fertility endocrinologists and all manner of assisted reproduction techniques, it’s all too easy to put your ambitions for motherhood on hold. “No, no, no, no,” shrieks Patton. “If you aspire to motherhood within marriage, you have a limited window of opportunity within which to find a husband and bear your own children.” To all those women who want to have children naturally, with the support of a husband, she sounds an unapologetic wake-up call. “You are not getting any younger,” says Patton. “But the women you are competing with to get the men you’re interested in marrying are most certainly getting younger.”
7
You hook up too much
Young, career-obsessed New York women are only too happy to hop in the sack without any long-term plans — witness the rising popularity of hookup apps like Tinder. But Patton takes a dim view of casual sex. “Men lose interest in women that are easier to make than a peanut butter sandwich,” she insists. “If you offer men sex without commitment, you eliminate the incentive for them to commit.” Granny was right: Men won’t buy the cow if the milk is free. “The women who troll the Meatpacking District are in the business of one-night stands, but if you are looking for a more substantial relationship, you have to pace yourself and engage in a very slow dance towards intimacy,” she warns. Patton also thinks you should keep details of your sex life to yourself. “Who you have sex with is your private business, so keep it private,” she says. “Talking about your hookups (or complaining about them) reflects badly on your judgment and your character.”
8
You over-rely on NYC conveniences
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It took workaholic Liz Lemon six seasons to find love on "30 Rock."
Photo: Ali Goldstein
Yes, you’re stressed out and tired and you can get virtually anything delivered to you in this great city. But Seamless, FreshDirect and Netflix are making you lazy and, if Chinese is your takeout of choice, fat. “Everybody works hard, and at the end of a long day it’s great to order in tapas and binge on a ‘House of Cards’ marathon,” says Patton. “But you won’t meet anybody new in your studio walk-up.” So, slip off the Slanket and get out into the world. As a dog lover, Patton (who owns a dachshund named Lucille) firmly believes in the power of the canine-concocted romance. “Grab a leash, your lipstick and go for a walk in the park — if you’ve trained your dog well, they can act as your wingman.”
Stock has a decent correction from high (almost 5%), approaching good support level, Story still compeling and still think one of the best name in the sector better than Danone & Unilever.
if level broken strong 50% retracement support @ 66.90
I will buy the stock to play a rebound to test the high, and add some more if stock testing the 66.90.
S1 to be published on the 7th Aug
