Once again I’m overloaded with shorts. A few groups look particularly weak — oil, drugs and various health care related stocks. The market’s set to gap up today, apparently on the back of lower oil prices, so many of these shorts may not trigger.
Currently holding:
Long – None
Short – DVA, MOGN
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
POSS -34% (announces prelim AiMI study results; First Albany downgrade, firm says data seen as a worst-case outcome), SAFM -15% (misses single estimate, reduces guidance), UAIR -4.2% (US Airways’ pilots view options as stalemate, pressures carrier – WSJ), ESMC -2.4% (profit taking after 41% gain yesterday), FLIR -2.2% (Needham downgrade), BRCM -1.5% (estimates cut below consensus at CSFB).
Gapping Up
SANM +3.9% (names a new CFO, Thomas Weisel upgrade), CAT +2.3% (Goldman upgrade), OPSW +8.2% (gets $50 mln from deal with EDS — WSJ), SYNA +5.2% (Soundview upgrade), OATS +4.6% (Michael Dell acquired 18% of OATS convertible bonds – LA Times), BCRX +3.6% (receives orphan drug designation)…. Under $3: ECGI +13% (authorizes share buyback plan), EGHT +11% (adds Fry’s Electronics to its list of Packet8 retailers), CBMX +5% (announces Defense award for nanotech fuel cells).
