I’m still in day trading mode as the flood of earnings reports continues this week. (Another reason not to swing trade — I’m starting to hear worries about the Iraq election on January 30th.) The Nasdaq is very close to the 2030 area that I thought might provide support on Friday. I’ll be keeping an eye on that level.
Update: Speaking of the Iraq elections, I just saw this:
The jokes with those “Vote or Die” T-Shirts are just too easy.
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
TZOO -12% (reports Q4; provides info to SEC concerning trading in the stock), CMTN -27% (says it will lay off most of its existing employees), STEM -8.6% (Stem Cell Lines Reported Contaminated – AP), ASTM -6.8% (same), GERN -3.9% (same), ADSK -4.7% (cut to Sell at BofA), CCMP -4.7% (Lehman downgrade), RIMM -1.8%, NOK -0.5% (Nokia supplier IFX warns of weak handset demand).
Gapping Up
EELN +36% (announces deal with eBay), COCO +14% (announces termination of SEC inquiry, no enforcement action recommended; up in sympathy: CECO +2.6%), CNLG +13% (gets orders from major utilities for hardware), NGPS +12.5% (guides higher), IMMU +10% (started with $8 tgt at Rodman & Renshaw), MERQ +8.7% (guides higher), ALDN +6.1% (reports Q4), LM +5.7% (reports DecQ), SIRI +4.8% (reinstated with a Buy at Merrill Lynch; tgt $7.50; announces deal with Interscope Geffen A&M Records), LVS +3.4% (three initiations of coverage)…. Under $3: PARS +10.4% (receives milestone payment from Bausch & Lomb), CCUR +8.6% (Needham upgrade).
