All of a sudden there are lots of good looking shorts, especially in semiconductors and drugs. I’m tempted to try some of those semis but I’m torn because I really want to stay in cash ahead of the Fed meeting. Maybe I’ll try a couple if they trigger.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – ARO, CRDN, SHFL, SIE
Shorts – AMAT, AUO, CYMI, FFIV, FLSH, ICOS, MANT, MOT, NVLS, ONXX, RHAT, SNDK, TARO, TELK, TER
Potential day trades:
(From Briefing.com)
Gapping Up:SIMG +13% (upgraded after raising guidance), NGEN +11.5% (patent news), CRXL +8.5% (discovers antibody that protects against SARS), STTX +7.2% (latest steel co to boost outlook), TASR +7.1% (further speculation regarding retail distribution deal), SOV +3.5% (going into S&P 500), MAGS +2.5% (extension of yesterday’s rally)… Gapping Down: TTN -25% (LMT merger looks dead), SNTS -11.8% (follow-on offering), PSRC -6%, PAYX 4.7% and VRTY -4.3% (lower post-earnings), FRX -3.1% (Goldman downgrade).
Add TIVO to the list too
