Once again there were several stocks with nice setups that I had to scratch due to impending earnings reports. I’ll keep an eye on them and maybe catch a couple of them on the other side of the reports.
This will likely be the big news of the day: Google Sets IPO Between $108-$135 a Share 
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – CME, FAST, KFY, PLT, RIO, SNDK, TK, TUES
Shorts – ALDN, RECN, OSTK
Potential day trades:
(From Briefing.com)
Gapping Down
ANDW -24% (reports, guides SepQ lower, Oppenheimer downgrade), MYL -11% (to acquire KG; reports JunQ), CHKP -7%(disappointment in reaction to margins, license revs; guides revs slightly below consensus), IMCL -7% (Smith Barney downgrade), CECO -4.4% (faces new probe – Financial Times).
Gapping Up
ASKJ +9.4% (extends advertising relationship with Google), NTMD +6.7% (momentum continues; stock nearly tripled last week), KG +37% (to be bought by MYL), TLAB +4% (Merrill upgrade)… Under $3: DFIB +31% (reports continued strength of AED sales to corporate America).
Wow! What’s up with the GOOG IPO price! Are they trying to “protect” the little guy by setting a price that the average person will think is high? Will be interesting to see whether the “average” person will pony up the funds. After all, GOOG could have issued 5 times as many shares for 1/5 the price and lots of folks would think the IPO is a steal.