Watchlist for July 21, 2004

Some analysts are trying to put some cold water on MOT and TXN after taking a closer look at what they had to say last night. The market’s holding up so far but let’s see if the sellers come back out to play today.

Currently holding:

Long – None

Short – None

Looking for swing trade entries in:

Longs – AAPL, EASI, HAR, JNPR, PHRM, URBN

Shorts – VTIV

Potential day trades:

(From Briefing.com)

Gapping Down

Lower on disappointing earnings: SGTL -23%, MERQ -19%, CACS -22%, NVEC -12%, IVGN -11%, IMCL -10%, NABI -9%, TLGD -9%, SIRI -2.4%…. ALXN -4% (prices 5 mln share offering at $15.50).

Gapping Up

MSFT +4.1% (special dividend announcement; share buyback), ROXI +17% (guides higher), DAL +16% (pilots offer more concessions on their wages – WSJ), HEPH +8% (CEO scheduled to testify on WMD Medical Countermeasures before Houses Armed Services Committee)…. Gapping up on strong earnings report: SANM +15% (also CIBC upgrade), SPRT +12%, WEBX +11%, ERICY +9%, ET +7%, PLT +6%, TLAB +6%, MVK +5.5%, EK +5%, LLTC +5% (also Piper upgrade), LU +4.4%, TXN +2.2%, NXTL +1.9%.

I’m also watching TOMO, OVTI, VICL and NTMD

Disclaimer & How I use this list