Yesterday’s action messed up most of the setups I was watching so the swing list only contains one stock today. But it looks like there will be no shortage of day trades in this session…
Looking for swing trade entries in:
Longs – WEBX
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down (shorts)
COI -25% (prices secondary offering), ATAR -20% (C.E.O. resigns), MATK -4.1% (reports AprQ), BRCD -3% (delays 10-Q filing, will restate), BIIB -2.2% (Bear Stearns indicates Avonex may no longer have exclusive patent protection in Europe), FRO -1.6%, RIMM -1.3% (Yahoo, Sprint launch e-mail service).
Gapping Up (longs)
TXN +2.3% (provides mid-qtr update; guides higher), TIVO +12% (co, Microsoft and Intel announce a nationwide upgrade to TiVoToGo service), CMTL +10% (reports AprQ; beats by $0.08), IMCL +9% (positive Phase III study results; Icahn to buy more of ImClone – WSJ), GM +2.8% (Kerkorian increases stake in GM), CAT +1.8% (Pru upgrade, $120 tgt), MO +1.4% (govt lowers claim against co by $120 bln), COOL +10% (reports AprQ), SWIR +7.2% (RBC upgrade), VISGE +7% (Piper upgrade), SONS +6% (announces termination of SEC probe; Jupiter Telecom implementing SONS platform in Japan), FMD +4%, IACI +3.7% (sells Vivendi Universal stake – WSJ), MLNM +3.2% (reports positive results for melanoma drug), ECST +3% (bounces after 10% drop yesterday), XRX +3% (Lehman upgrade), INGP +2.5% (Third Avenue bids for Instinet unit – WSJ)…. Under $3: KNOL +19% (ups Y05 EBITDA guidance), GIGM +18% (reports Q4; first ever profitable year), SYNX +18%, MPET +8%.
Intraday Updates:
- 09:25 I don’t know how VITX slipped past me yesterday (up 50%) but it may be worth watching today
- 09:44 VRTX is showing some strength after pricing their secondary offering
- 10:36 BDCO, one of those little energy plays, is spiking higher
- 11:03 ECOL’s acting well today. It’s a little too thin and the spread’s a little too wide for my liking though
- 11:40 BOOM’s getting busted!
- 12:26 SIGM’s taking off after somebody pumped it on CNBC
