Michael Covel has provided a download of Brett N. Steenbarger’s ‘Trader’s Self-Evaluation Checklist’. It’s got some great questions and is well worth printing out answering.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – APD, ISSC, MAC, MLS, RDA
Shorts – EASI, IDT, MGAM, MXIM, OSIS, PAYX, VECO, WMS
Potential day trades:
(From Briefing.com)
Gapping Down
NT -8% (reduces Q3 revenue outlook), SWFT -10.2% (guides lower; Bear Stearns downgrade), MGAM -7.8% (Pru sees high liklihood co will miss SepQ), LWSN -7.3% (guides lower; Baird and Piper downgrades), OVTI -4.6% (CFO resigns), VTSS -3.7% (announces private offering), CYBX -3.6% (spurns ANSI offer), MERQ -3.3% (Piper downgrade), MLHR -3.3% (reports AugQ; in-line guidance), LU -2.1% (in sympathy with NT), QCOM -1.6% (CSFB downgrade).
Gapping Up
TBUS +11% (just before yesterday’s close, co announced preliminary orders for new system), PDLI +7% (co and Roche to develop Zenapax for Asthma, PLDI to get $17.5 mln upfront pmt), MAXM +7% (hearing short-squeeze), ASE +7% (receives $23.2 mln order from US govt), CGA +20% (British steel producer reports results), RIMM +2.1% (introduces new BlackBerry 7100v in Europe and Australasia; also introduces breakthrough keyboard technology for smaller handsets).
