There are a lot of longs on the list today but I’m not looking to buy anything just yet. I want to see how this dip plays out. I have a feeling that there will be some good day trading opportunities this week as people try to push stocks around in the light holiday volume. So I’ll be focusing on catching some of those moves. The online shopping plays may be the area to watch…
Currently holding:
Long – MACR, PLMO, WBSN
Short – none
Looking for swing trade entries in:
Longs – BMET, CCMP, ECST, ESRX, EWBC, HIBB, KOMG, LOW, USG
Shorts – AVY, FBR, SLAB
Potential day trades:
(From Briefing.com)
Gapping Down
AGIX -9.5% (reports results from CART-2 clinical trial; stock falls during conf call), KKD -13.4% (reports OctQ, misses by $0.09), PARS -10% (announces Phase IIa results for dexanabinol), RIGL -9.1% (reports clinical data), GY -4.6% (makes two real estate transactions), AMR -4.5%, TASR -4.5% (Reuters article - ”Taser Execs Selling Heavily on the News”), SONS -3.6% (Raymond James downgrade), OSIP -3.3% (continues 9.5% drop Friday; Wachovia downgrade), NXTL -2.8%, SUNW -2.5%, GOOG -1.4% (insiders adopt trading plans).
Gapping Up
AAPL +5.5% (target raised to $100 at Piper; PLAY +4.7% up in sympathy), SHOP +5% (guides for Q4, appears on CNBC), ISON +19% (explosive detection product passes milestones), CATG +10% (co and AZN announce major Strategic Alliance; AZN to take 19.9% equity stake in CATG), TOPT +2.8%.
