Looks like they’ve caught me leaning the wrong way. I always get a little concerned when my scans start showing up a lot of shorts when I’m already long, or vice versa. This gap down is already taking some of my longs past my stops. It’s gonna be a fun morning. (not)
One stock to keep an eye on is NTMD. It’s on my list of swing longs for today, but I was just looking for a move to 20 or so. Well some analyst slapped a $38 target on it and as I write this its trading at 20.97. So now it’ll be watching it for a day trade. I’d love to see it pull back around 20 and then bounce.
Currently holding:
Long – DKS, JNPR, PLMO, PLT, SWIR, URBN
Short – TROW
Looking for swing trade entries in:
Longs – DITC, NTMD, NVTL
Shorts – CBK, DOX, FD, KMX, MDCO, MERQ, PHTN, S, SEPR, SLAB
Potential day trades:
(From Briefing.com)
Gapping Down
Education stocks getting hit on COCO guidance: COCO -37% (lowers guidance; JP Morgan downgrade), CECO -14%, ESI -15%, APOL -11%, UOPX -8.6%…. Other news: INVN -12.6% (co says it may face a government investigation), GLBCE -10.9% (asks Nasdaq to delay delisting decision), NTGR -7.3% (announces organizational realignment; President resigns), BOBJ -5.5% (Goldman placement of 5.75 mln shares at Eur16.90 cited), TASR -3.8%, KMRT -3.4% (negative WSJ article), NOK -2.6%.
Gapping Up
COX +21% (WSJ reports Cox Family set to take co private), RIGL +39% (positive clinical trial results), NTMD +18% (started with a Buy at Deutsche; tgt $38), CMCSA +4% (in sympathy with COX), PETD +5% (posts upside earnings surprise), SPLN +6% (to be acquired by Viacom), HBC +3.4% (posts upside earnings surprise), NT +2% (Smith Barney upgrade)…. Security stocks are moving on increased terror threat: MAGS +6% (co also repotrs Q2, positive guidance), MACE +10%, IPIX +6%, TBUS +8%, IDNX +8%, VISG +3%.
