I’m in broken-record mode as once again I’m seeing lots of good looking shorts and very few longs. There is an increasing number of strong stocks, but few of them are giving entry points that I like.
(Be sure to stop by this week’s Carnival of the Capitalists.)
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – CNCT
Shorts – AAP, ADI, AVID, CDWC, CHKP, CVC, DIGE, DIS, DOX, DRIV, DVA, MOGN, SFA, TBL
Potential day trades:
(From Briefing.com)
Gapping Down
ARMHY -19% (to acquire ARTI), NTMD -5.4% (negative WSJ article), NT -3.4%, CYBX -3% (AG Edwards says a merger with ANSI is not likely), WMT -1.3% (lowers same store guidance).
Gapping Up
ARTI +21% (to be acquired by ARM Holdings), IPAS +11% (announces deal with Boeing), COMS +8% (may double or even triple if things go right — Barron’s), IMOS +8% (started with Overweight at Lehman), MNST +7.2% (Cover Story in Barron’s), MEDX +6.6% (Special Protocol Assessment agreement with FDA), MYL +6.6% (granted FDA approval for generic Lopressor, Zyrtec and Zoloft), OVTI +5.1% (Piper earnings preview), GNSS +4.9% (wins patent infringement cases), FDX +2.3% (guides higher)…. Under $3: STEM +25% (receives patent), ASTM +17% (in sympathry with STEM), VPHM +17% (exercises option to license co’s intranasal pleconaril).
