Watchlist for December 27, 2004

There are a few stocks on the swing list but I’m not looking to do much this week. So I’ll mostly be managing the stops on my current positions.

For those of you who read the Trader Wizard weblog, Bill Cara is back with a new site, BillCara.com

Currently holding:

Long – ADBE, CME, DVA, EYET, FBR, THQI

Short – None

Looking for swing trade entries in:

Longs – AFFX, ESRX, NVT, STK, VRSN

Shorts – ADTN, FOSL

Potential day trades:

(From Briefing.com)

Gapping Down

SHRP -14% (reports holiday sales, reduces JanQ guidance), VISG -9.8% (profit taking after 25% move last week), CALM -9.6% (reports NovQ loss, cites substantially lower egg prices), NFLD -7.8% (files $100 mln shelf registration statement), DAL -6.8% (Delta’s Comair subsidiary grounded holiday flights due to computer problem; also, airline woes could worsen in the coming year — NY Times), GNLB -6% (profit taking after 46% move on Thursday), OTIV -4.6%, INMD -4.5% (profit taking after 35% move on Thursday).

Gapping Up

SIRI +6% (reaches 1 mln subscriber mark), AFFX +4.6% (microarray system cleared by FDA), SNIC +7.6% (Piper upgrade), WGAT +11% (momentum from 70% move over last 2 weeks), STEM +9% (momentum from 15% move on Thursday), GILTF +8.3% (to operate under 2 separate business units), MIKR +8.2% (momentum from 68% move last week), UBET +6.7% (momentum from 15% move on Thursday), ANTP +3.7% (momentum from 22% move on Thursday), DHB +3% (announced body armor contract late Thursday), CMCSA +3% (Barrons’ cover story)….  Under $3: IIP +19%, ARTG +5.7% (expects profitability and cash flow positive performance for 2005).

Disclaimer & How I use this list