It looks like a slightly positive opening today as the bulls try to build on Friday’s rally. It’ll be interesting to see whether tech stocks can participate. I’ll still have one eye on the Nasdaq and its 50-day moving average.
Currently holding:
Long – ADBE, NVT, PAAS, PARL, STLD, USU
Short – RSAS
Looking for swing trade entries in:
Longs – APCC, CPRT, ESLR, FLR, GMR, NETL, NP, NVDA, TNE
Shorts – AMZN, ASKJ, COGT, GVHR, JTX, PLMO
Potential day trades:
(From Briefing.com)
Gapping Down
CTIC -55% (says Xyotax trial misses primary endpoint), ABLE -20% (profit taking after 62% move Friday; will buy All American Plazas for $30 mln), COF -4.3% (to purchase HIB), DPH -4% (downgraded by CSFB and Merrill Lynch), RIMM -3.2% (Piper downgrade), BSX -2.4% (Pru downgrade), MLNM -2.2% (CELG trial news), FRO -2%, BA -1.5% (CEO resigns), EBAY -1.2% (negative NY Times article).
Gapping Up
CELG +15% (positive Revilimid clinical data), HIB +20% (to be acquired by COF), ICCI +18% (WSJ says co to be acquired), UDI +26% (to be acquired by BAE Systems), GEOI +24% (continues strong move on Friday following its Q4 report), NYER +9.6%, MVL +8.4% (reports Q4), SNMX +7.5% (Needham upgrade), ELN +5.8% (bounces after 14% drop Friday), ISON +5.2%, OXGN +4.3% (bounces after 17% drop Friday), GERN +3.9% (clinical data)…. Under $3: UHCP +27%, POCC +12.3%.
How do you decide to take a position in one of the stocks on your watch list? In Breaking It Down, you say you load your watchlist into your trading software, set up alerts, and “wait for dings to sound.” Can you give an example of an alert you might set up? Thanks!
Alerts for longs are generally a few cents above the previous session’s high and below the previous session’s low for shorts.