Watchlist for June 6, 2005

This week’s Carnival of the Capitalists is up over at GalaTime.

The transcript from MaoXian’s Sunday night chat is up. They discussed BA, CME, GOOG, KBH, TOL, SHLD, URBN and IIJI among other topics.

Not much on the swing list today. RNVS may be worth watching here too.

Looking for swing trade entries in:

Longs – FORD

Shorts – DRIV, HUG, PDCO

Potential day trades:

(From Briefing.com)

Gapping Down (shorts)

TEVA -5.3% (gudies lower on court decision preventing sales of its generic version of extended release antibiotic Biaxin), ATYT -4% (guides lower; down in sympathy: NVDA -2%), SNDK -3.3% (Merrill downgrade), MU -3.5% (Merrill downgrade), CRXL -2.6%, BNL -2%, WM -1.6% (to buy Providian).

Gapping Up (longs)

ACXM +13% (confirms receipt of ValueAct Capital letter for acquisition), AMTD +3% (ET boosts bid for the co), ELOS +5% (co and Thermage resolve patent litigation), TRDO +4.3% (Wm Blair upgrade), NAPS +3.5%, CHRT +3.4% (announces a joint development program with NVLS), BOBJ +2.9% (announces availability of XI built for operational BI), EBAY +2.1% (positive Barron’s article)… Recent momentum names are on the move: BDCO +17%, IIJI +4.1%, ABLE +2.7%, GEOI +2%, SOSA +4%… Under $3: PURW +16%, CNXT +11% (analog modem shipments surpass 750 mln).

Intraday Updates:

• 09:04 Looks like BOOM is jumping on news of a dividend declaration
• 09:32 USEG is strong out of the gate
• 09:34 NETL is strong too
• 09:40 Looks like today’s the day to buy all the little energy plays — CRZO just popped
• 09:47 TEVA may be setting up for a short entry
• 11:49 LTON’s picking up steam after being pumped by Briefing as an Asia tech play
• 12:00 IIJI’s rolling over
• 12:26 ECST’s catching a bid. May be related to the fact that SHOP is trading above EBAY’s cash offer of $21
• 12:29 Briefing just posted this about ECST — 12:28 ECST Ecost.com strength attributed to rumor that OSTK may make a bid for co (4.50 +0.63)
• 12:39 I was so busy looking for shorts I missed NGPS. It’s on fire today — up 13% right now
• 2:25 ROYL’s running hard
• 2:34 MAMA’s catching a bid

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