Watchlist for December 20, 2004

First, thanks for all of the excellent comments on the previous post about hedging. I’m shocked that in just a few days that post has become the most commented post on my site. Who knew that options and/or hedging was such a hot topic?

Very slim pickings today on the swing trade list. It may be another day for me to catch up on some reading. I have a feeling I’ll be doing a lot of that over the next two weeks.

And speaking of reading, here’s some stuff to check out:

• Day Trading Makes a Comeback
• This week’s Carnival of the Capitalists

Currently holding:

Long – CME, FBR, FORM, MYGN

Short – ADI

Looking for swing trade entries in:

Longs – ADBE, DECK, STN

Shorts – KOSP, SCSS

Potential day trades:

(From Briefing.com)

Gapping Down

MFE -5.8% (Hotmail replaces McAfee’s antivirus with Trend Micro), PARS -70% (Phase III trial of Dexanabinol fails to meet endpoint), CHN -9%, GEPT -7% (announces private placement), ROXI -3.4% (completes sale of consumer software division to Sonic Solutions), QLTI -1.6% (weak on EYET’s Macugen approval).

Gapping Up

EYET 4.4% (announces FDA approval of Macugen), GILD 4.7% (has exposure to EYET; also, co and BMY establish a joint venture), TMIC 8% (to provide real-time antivirus scanning for MSN Hotmail customers), CATG 18% (UK court finds for CAT in Abbott drug case — Reuters), MOSY 18% (highlighted favorably in Barron’s), XING 17% (partners with Huawei Tech to supply China Unicom), DRRX 16% (co and Voyager Pharma announce acceptance of new drug application and clinical protocol by the FDA), SYBR 11%, SUPG 8% (initiated with Buy and $15 tgt at CE Unterberg), ISIS 7.5% (earns $3 mln milestone payment from Eyetech for FDA marketing clearance of Macugen), CPWR 7% (Piper nominates CPWR as its top stock pick for 2005), STEM 5.7% (Washington state considers stem cell funding — MSNBC), GERN 5.2% (same), OSTK 4% (tgt raised to $79 at First Albany), TASR 4% (signs exclusive distribution agreement with Davidson’s), SIRI 3.4% (Chrysler reports strong demand), GTW 3% (computers to be sold at Circuit City), SAP 2.6%, ABGX +2.1%…. Under $3: PACW 26% (to sell enterprise customer base), NYER 16%.

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