The market’s set to gap up a bit this morning. Why do I feel like I’ve seen this movie before? 
I see CAAS is popping again. I’d been waiting for it to follow-through on its late December pop — I wonder if it can do better this time…
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
(no swing trades for me until after earnings season)
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
CREE -21% (misses by $0.04, ex items, light on revs; issues downside guidance), LOOK -20% (cuts Q4 forecast), EPIX -17% (FDA requests additional clinical studies), GMTN -8.5% (lowers JanQ guidance), DHB -3.7%, SUNW -3.3% (reports DecQ, light on revs), STX -2.2% (CSFB upgrade, but gets request from investor to file shelf registration), SGP -1.8% (BofA initiates with Sell), ALB -1.7% (prices offering).
Gapping Up
ASKJ +6.2% (Piper upgrade), NOVL +4.3% (BofA upgrade), FLEX +2.5% (UBS upgrade), TASR +2% (momentum from 22% move yesterday; short covering), CAAS +30% (signs licensing agreement with Korea Delphi Automotive Systems), YHOO +1.4% (estimates and tgt upped at Piper)…. Under $3: AICXE +55% (receives FDA 510k clearance), DCEL +8.3% (positive article on rural wireless cos – Unstrung.com), ASTM +6.2% (receives patent).
