Watchlist for November 26, 2004

I really wish they’d close the markets on the day after Thanksgiving. This half-day stuff is just silly. Not only is it a waste of people’s time to go in to work today but the low volume bars mess up the charts. Oh well…

I doubt that I’ll initiate any positions today unless some attractive day trade pops up.

Currently holding:

Long – BEBE, CCMP, ECST, WBSN, WFMI

Short – none

Looking for swing trade entries in:

Longs – FSL, LOW, SPW, USG

Shorts – SIR

Potential day trades:

(From Briefing.com)

Gapping Down

GNTA -21% (disappointing clinical data), TASR -6% (Claims over Tasers’ safety are challenged – NY Times), LEXR -5% (files shelf registration), NSTK -3.2% (shelf registration), INGP -2.1% (Merrill downgrade).

Gapping Up

UTHR +7% (late Wed, co announced FDA approval, Rodman & Renshaw raise tgt to $60), VDSI +18% (momentum from 22% move on Wed), BIVN +13.4% (highlighted in BusinessWeek), SKS +5.7% (highlighted in BusinessWeek), OSTK +1.7% (CEO on CNBC)….  Recent momentum stocks keep running: MDKI +7%, ANLT +7%, LMIA +5.4%… Under $3: AATK +15%, SRXA +14%, VRSO +11%, NENG +8%, GIGM +7%.

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