There are just a few names on the swing list today and none that I’m thrilled with. I’ll probably just try to hang on to my current positions. RIMM may be good for a day trade today but be warned there’s lots of drama & rumors swirling around it.
Currently holding:
Long – PLMO, RSAS, WBSN
Short – BOL
Looking for swing trade entries in:
Longs – CRM, MKX, MACR
Shorts – ADRX, APPB, BDY, DCN, GIVN
Potential day trades:
(From Briefing.com)
Gapping Down
KO -2.1% (lowers growth rate targets – AP), PSFT -1.3% (rejects ORCL bid), TUTR -15% (guides lower, Piper downgrade), WEBM -10% (delays 10-Q filing), TIF -9.7% (misses by $0.05, guides Y05 below consensus), CATT -9.5% (shareholders to sell 950K shares), GERN -8.6% (to sell about 6.5 mln shares), MOLX -7.5% (delays 10-Q filing), FCEL -7.5% (announces offering), SBUX -3.3% (reports SepQ), CAB -3.3% (prices 10.5 mln share offering), VCMP -28% (reports Q3)… Recent momentum favorites are pulling back, moving on to other small float stocks – see Gapping Up: MAHI -17.4%, ANLT -6%.
Gapping Up
ANGN +33% (momentum from 137% move yesterday), CLWT +25% (appears to be a momentum move on its small float of 1.4 mln shares), GY +19% (Steel Partners to acquire GY), HLYW +12% (BBI confirms interest in acquiring the co), NGEN +8.1% (announces clinical diagnostic to simultaneously detect multiple respiratory viruses), TASR +6% (to debut new cartridge), INOD +5.2% (reports Q3 results), BEAS +3.8% (ORCL may pursue others such as BEAS if PSFT falls through – Bloomberg.com), SEBL +3% (same), MAGS +3.3%, RIMM +2.6% (broker tgt increase to $100)… Under $3: RAND +79% (files 10-Q, but may be momo play on its 3.7 mln share float), FLYI +18% (Merrill upgrade), CMGI +4.9%.
