Yesterday was a real snoozer with low volume and little movement in the indices. As a result, I did absolutely nothing yesterday. Hopefully we’ll get more action today.
Currently holding:
Long – URBN
Short – none
Looking for swing trade entries in:
Longs – AEOS, BSTE, ENER, ERTS, MERQ, PARL, SKX, THQI
Shorts – MWV, NEW
Potential day trades:
(From Briefing.com)
Gapping Down
PFGC -14% (downgraded after announcing SEC informal inquiry), AXCA -8% (reports earnings), TEVA -6.5% (reports earnings), MAY -4.3% (WSJ story), FFIV -2.6% (downgrade), ALTI -1.6% (hires advisor for proposed 5 mln share offering).
Gapping Up
CC +22.6% (receives unsolicited takeover bid), FOXH +10% (earnings, clinical data), FMDAY +8.6% (receives investment from major shareholder), QTWW +8.5% (fuel cell patent), WEBME +5% (files delayed documents with SEC), IDNX +5% (contract announcement), WIN +4.8% (UBS upgrade to Neutral from Reduce), AMXC +4.5% (being acquired), LOUD +3.6% (positive commentary on outlook for music downloads), SYNC +3% (Nokia news), DSCO +3% (First Albany upgrade), TASR +3% (extends yesterday’s rally), AAPL +2% (Merrill Lynch raises tgt), CMCSK +1.7% (Berkshire Hathaway doubles stake to 10 mln shares, TWX +1.2% (Soros Fund takes position), SYMC +1% (boutique firm upgrade)
You too? I took a nap which was suppose to last 1 hour but ended up being 3 hours………I didn’t miss much. Great Site!