Watchlist for August 3, 2004

Currently holding:

Long – DKS, JNPR, PLMO, PLT, SWIR, URBN

Short – TROW

Looking for swing trade entries in:

Longs – GRMN, NVTL, POS

Shorts – CBK, DOX, KMX, MERQ, MOGN, NSM, PHTN, S, SEPR, TJX

Potential day trades:

(From Briefing.com)

Gapping Down

LGND -20% (misses by $0.12; end of relationship with independent auditors), DRXR -14% (cut to Sell from Strong Buy at Roth following earnings miss; tgt cut to $4 from $18), PCLN -12% (beats by a penny, but issues mixed guidance), SNIC -9.5% (reports in line EPS, but revs light), VSH -8.9% (misses by $0.02, light on revs), VLCCF -6.4% (reports Q2), TKTX -5.8% (misses by $0.13, lowers Y04 outlook), NTES -5.6% (misses by 3 cents; cut to Source of Funds at ThinkEquity), WOOF -4.1% (Green Equity Investors to sell shares), PLMO -3.8% (JP Morgan downgrade), SOHU -2.8% (in sympathy with NTES).

Gapping Up

CALM +16% (approves 2 mln share stock repurchase, short-covering), ENTU +11% (chosen for US Federal Govt Identity Initiative), MVSN +8.2% (beats by a penny), VISG +8.2% (announces agreement with Siemens to develop 3-D face recognition technology), AMED +7.6% (beats by $0.07, guides Y04 above consensus), SCSS +6.9% (analysts defend stock after 22% drop yesterday), BEAS +5.9% (guides Q2 EPS in line), ADBE +4.4% (positive preannouncement), CECO +3.2% (Jefferies upgrade), COCO +2.5% (Jefferies upgrade).

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