I only have two longs and two shorts on the list today so this may be a good day for me to catch up on some reading…
Currently holding:
Long – CME, URBN
Short – CELG
Looking for swing trade entries in:
Longs – ANF, TV
Shorts – CNCT, INSP
Potential day trades:
(From Briefing.com)
Gapping Down
SIRI -8.9% (may be heading for dog days – WSJ column; Smith Barney and Bear Stearns downgrade; XMSR -2.2% down in sympathy), VIP -17% (hit with $158 million back tax claim for 2001; MBT -5.6% down in sympathy), PIXR -5.6% (delays release of “Cars” movie; Merrill downgrade), MBVT -12%, BIOM -9% (continues recent weakness), DYN -8% (guides), NTOP -8% (reports OctQ), THQI -5.6% (UBS downgrade), FRO -3.6% (wants to merge with GMR), DECK -3.4% (Piper downgrade), CHIR -3.2% (LA Times – Flu vaaccine factory shutdown extended), MGLN -2.8% (Aetna to Buy Certain Magellan Assets), PPC -2.7% (prices offering)… Gold/mining
stocks weak as Gold prices plunge: NEM -3.4%, CDE -9%, GSS -8%, BGO
-6.6%, GG -6.6%, PAAS -6.4%, WHT -5.1%, GOLD -4.4%, AU -3.6%, GLD -2.9%.Gapping Up
GEPT +39% (receives orders from Swiss Intl Air Lines), FORD +36% (continuation of momentum following yesterday’s earnings report), STX +11% (guides higher; Deutsche and CIBC upgrades), BMRN +7% (started with a Buy at Hibernia; tgt $13), ALOY +7% (reports OctQ results), HITK +6.4% (reports OctQ), SHOP +5.9% (started with an Outperform at CSFB; tgt $33), MXO +5.2% (Needham upgrade), GMR +4.5% (FRO interested in a merger), NT +4.3% (to file restated results on Jan 10), NFLX +4.1% (Roth upgrade), CIPH +3% (momentum from 32% move yesterday), NVDA +2.7%, TZOO +2.6%…. Under $3: HOFF +28%, SCON +19% (receives purchase commitment from major wireless carrier), VLTS +6.6%, LNUX +4.6%.
