I see that GRU is popping again this morning after announcing their traffic growth numbers for Answers.com. It was up 19% yesterday ahead of this news. Ya think somebody knew? Nah…
Currently holding:
Long – ADBE, NVT, PARL
Short – None
Looking for swing trade entries in:
Longs – APCC, ASCL, BOL, BUCY, MGG, NP
Shorts – NFI, USG, YCC
Potential day trades:
(From Briefing.com)
Gapping Down
INCX -38% (repors Q4; guides; Stanford lowers target to $5 from $7), OVTI -8.8% (reports JanQ; Jefferies downgrade), SHOO -10.6% (beats by a penny, guides below consensus), POTP -10.4%, STSI -8% (sells stock to investors), ISIS -6.4% (reports Q4), MMC -6% (reports Q4; cuts dividend by 50%), GLNG -4.5% (reports Q4), FRO -3.4%…. Under $3: DFIB -13% (to merge with QUIN), CNR -12% (reports Q4), CHTR -7.1% (reports Q4).
Gapping Up
ELN +4.6% and BIIB +3.4% bounce a bit on some positive analyst comments…. SIRI +5.5% (UBS upgrade; also, Volvo now offering service), XMSR +4.8% (multiple upgrades following price increase), COGT +4.6% (announces orders), SONS +4.6% (Smith Barney upgrade), CATG +3.5%, ISON +3.4% (provides NeutroTest update), PLMO +3.1% (Treo 650 may debut earlier than expected at Verizon – Stanford), TKLC +3.1% (Raymond James upgrade), GETI +2.9% (declares $31/sh special dividend), GRU +2.6% (announces Answers.com traffic growth), INTC +1.8% (JP Morgan upgrade), BLUE +33% (to be acquired by private co), QUIN +23% (to merge with DFIB), DEPO +11.3% (receives FDA approvable letter), LTON +11% (beat by $0.05, guides for rev growth).
Hey Mike,
When you get a chacne can you take a look at NTBK and tell me what you think. Looks like a short to me but also looks like somneone’s doing something ahead of some news today anyway.
Thanks.
The GRU growth is tricky. They never said what the number is. From 10 clicks to 100 clicks is 1000%. I think GRU should only be a penny stock as it used to be.
A very good trader told me when looking for stocks to trade look at the 10 MA crossing the 20MA and the A/C in the IDB should be A or B. You might like to back test that concept.
BR