No swing picks for today since I won’t be initiating any swing positions before the Fed decision tomorrow afternoon. I’m trying to hold on to the positions I currently have, so I haven’t been tightening my stops like I usually would.
Currently holding:
Long – PLMO, RSAS, WBSN
Short – BOL
Looking for swing trade entries in:
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
JMDT -26% (reports Q3, Merrill inits at Neutral), GNTA -48% (receives notice of termination from Aventis on Genasense; target cut to $1 at Hibernia), GMTN -22% (guides below consensus), UNS -15% (judge recommends that regulators deny the proposed acquisition of UNS), MCLD -13% (reports Q3), ARXX -12% (reports SepQ), IPXL -8% (reports Q3), WWCA -7.3% (reports Q3 EPS below consensus), ANF -6.2% (beats, but issues cautious Q4 outlook), XYBR -5.7% (reports Q3), SNIC -5.5% (reports SepQ), WYNN -5.1% (cut to Neutral from Buy at BofA on valuation), CECO -4.2% (Bear Stearns makes cautious comments), MMC -3.1% (reports below consensus), ERTS -2.7% (cuts prices on most popular sports franchises), MRK -2.6% (DoJ and SEC launch investigations on Merck — WSJ).
Gapping Up
SNDA +12% (reports Q3, beats by $0.06), GOAM +14% (momentum from 82% move yesterday), SLXP +9.7% (reports Q3), ISON +8.3% (names retired Navy Admiral to Homeland Security advisory board), LONG +8.3% (in sympathy with SNDA), TMWD +7.3%, S +4.9% (Deutsche Bank makes positive comments), IUSA +4.9% (board authorizes buyback of up to $20 mln), PTP +4.4% (reports Q3), BEV +3.8% (reports Q3), DISH +3.6% (reports Q3), NTMD +2.9%…. Under $3: SPAB +33% (files tort claim for losses on Space Shuttle mission), TERN +14% (Jefferies upgrade), PFSW +14% (reports Q3), FONR +12% (reports SepQ), WEL +12% (reports SepQ, announces contracts), CHTR +10%, VCMP +8.5% (momentum from 52% move yesterday).
