Expiration week is upon us once again. As usual, I’m going to try to curtail my activity to avaoid all the expiration pinning that goes on this week.
On another note, TIVO just popped in the pre-market on news of a deal with Comcast. I have no comment on the stock but as a long-time TiVo owner I’m thrilled to see them get this deal. This is great news for them.
Currently holding:
Long – PKTR, RIMM, SGR, TLB
Short – None
Looking for swing trade entries in:
Longs – AAPL, ARA, CWTR, CX, FLIR, ISRG, JOYG, MUSA, PXP, ROST, SOHU, TDW, TEX, THE, WIND
Shorts – MFE
Potential day trades:
(From Briefing.com)
Gapping Down
DCAI -18% (to merge with MDKI), ZICA -8% (reports Q4), GEOI -7.6% (profit taking after 44% move yesterday), ABLE -3.2% (profit taking after 25% move yesterday), HNR -3.2%, BOOM -2.3% (profit taking after 12% move yesterday).
Gapping Up
Gapping up on strong earnings/guidance: PDLI +4.9% (also Smith Barney upgrade), ABIX +15%, IOTN +10%, SONS +3.9%, CMVT +2.1%, LEH +2%, RCL +2%… Other News: DNA +4.8% (positive Avastin news; Piper upgrade; Jefferies upgrade; tgt raised to $100 at CSFB), MDKI +49% (to merge with DCAI), TIVO +26% (Tivo and Comcast are discussing a partnership – WSJ), VIAC +7.3% (co and Genzyme announce collaboration agreement), CTIC +6.4%, ZOLL +5.6% (Piper upgrade), L +4.1% (to spin-off Ascent Media and Discovery), ORCT +3.9% (extends yesterday’s 10% move), ONXX +3.3% (up on Avastin news; Lehman upgrade), PIXR +2.5% (new Disney CEO may mend fences; release of Incredibles on DVD today)…. Under $3: CLTK +34% (to sell assets to Mimix), REDI +13% (signs 20 customers), GNTA +12% (leukemia drug gets orphan drug status), CMGI +11%, CIEN +2.6% (Smith Barney upgrade).
It’s funny I bought RIMM at 63 and sold it at 69, then I bought it at 76 and sold it again at 80. I should have just kept it. I see you’re holding RIMM now. Any thoughts on where you expect RIMM to settle in the next few days?
I’m out of it too. I have no expectations of where it will settle. It looks like it has pretty good support around 77 though.