Well that was quite a fade from yesterday’s open. You could actually feel the market cracking under the weight of all the rumors about who Eliot Spitzer is going to go after next (health insurers, brokers). Fun times!
I’ll be in day trading mode again today as the earnings reports flood gets going.
Currently holding:
Long – None
Short – none
Looking for swing trade entries in:
Longs – none
Shorts – none
Potential day trades:
(From Briefing.com)
Gapping Down
ERTS -5.6% (misses by $0.03, guides DecQ below consensus), MOT -5.4% (reports Q3), JAKK -10.3% (downgraded to Sell at Whitaker; tgt cut to $14), CFC -6.9% (misses, guides below consensus; down in sympathy: LEND -4.6%, FNM -1.9%), LTON -12.6% (guides lower), FORM -9.3% (reports Q3, guides rev mid-point below consensus), MAXM -7%, PMTC -6.3% (reports SepQ), AMCC -6.3% (reports SepQ), TER -5.8% (misses by $0.01, guides Q4 below consensus), MTSX -4.9% (profit-taking after 36% move yesterday), SIMG -4.9% (reports Q3), SAY -4% (reports qtr), JPM -2.8% (reports Q3, misses by $0.14), WHR -2.8% (misses by $0.02, revises Y04 guidance below consensus), PFE -2.0% (reports Q3, light on revs).
Gapping Up
OSCI +28% (started with a Strong Buy and $6 tgt at JMP, Pru inits with Overweight with $8 tgt), ISON +14% (to webcast presentation of the NeutroTest prototype tomorrow, continues momentum of last few days), SGTL +14% (beats by 8 cents, guides Q4 above consensus; Janney upgrade), FILE +13% (beats by $0.11), PCLE +11% (beats by $0.01, JP Morgan upgrade), EGHT +7.3% (adds Micro Center and Nebraska Furniture Mart to retail base), CYBX +5% (receives FDA approval), MXO +4.4% (Bear Stearns upgrade), RETK +4.2% (beats by $0.03), STX +3.3% (reports qtr, Bear Stearns upgrade), LU +3% (reports SepQ), RMBS +2.7% (DDR2 Interface technology chosen by Toshiba), XMSR +2.4% (wins baseball deal – WSJ)… Under $3: CTCHC +21% (engages Updata Capital to explore strategic initiatives).
