Watchlist for January 28, 2005

We had another choppy day yesterday which, once again, left me unimpressed with this bounce attempt. The indices look like good shorts to me under yesterday’s lows.

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

Gapping Down on weak earnings/guidance: OSTK -11%, SANM -11% (also multiple downgrades), FDRY -10% (also Baird and Kaufman Bros downgrades), ACET -11%, OSIS -11%, SIRF -6.4%, IRF -4%, SYMM -4%, BRCM -3.2% (also Needham downgrade), CLS -2.3%…. Other News: PG -3.5% (to merge with Gillette), MGAM -2.7% (Susquehanna downgrade).

Gapping Up

Gapping up on strong earnings/guidance: MSTR +17% (also First Albany upgrade), SNDK +15% (up in sympathy: FLSH +3.6%, LEXR +2.2%), MSFT +2.1%, YELL +5.3% (also Deutsche upgrade), PMCS +3.3%, GILD +3%…. Other News: G +12% (to merge with PG), SYGR +25% (to begin paying large dividend), NTII +14.5% (gets FDA fast-track status for Viprinex), ISON +8.6% (hires former FAA executive and homeland security specialist as VP Govt Sales), PYX +4.7% (in sympathy with G), TASR +4.4% (continues 8% move yesterday), NGEN +4.4% (continues 6% move yesterday), ANDW +3.7% (continues 9% move yesterday), SIRI +2.5%, VRSN +2.5% (bounces after 13% drop yesterday), LSTR +2.4% (Baird upgrade).).

Disclaimer & How I use this list