My thoughts on the Nasdaq are on the chart below:
Potential swing trades:
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: ADBL -9.4% (also Kaufman Bros downgrade), DWRI -19%, OPWV -7.2%, TUTR -26%, PWEI -9%, HDSN -9%, TACT -7%, UVN -7% (also Legg Mason downgrade), NTAP -4.1% (also Merrill and Piper downgrades), CTRP -4% (also Merrill downgrade), HLTH -3.2%, DRI -2.9%…. Other News: NWRE -20%, IPXLE -13% (receives delisting notice), DPH -11% (in talks about restructuring), PLUG -4.4% (stock offering), KOSN -4.2% (announces share offering), TOL -2.4% (Wachovia downgrade on valuation).
Gapping Up
Gapping up on strong earnings/guidance: HOMS +29% (also Deutsche upgrade), ASEI +20%, PDLI +7.4%, END +11%, GT +6.3%, ACS +3.8%, MEDX +3.5%, ASYT +3.3% (also upgrades from Piper and BofA), CHK +2.9%… Other News: TRFDF +19%, NYER +14%, MSON +12% (BWeek profile), ALVR +3.8% (bounces after recent weakness), SPN +3.8%… Under $3: NPLA +51% (reports Q2), NEXM +16% (started with a Strong Buy at Brean Murray; tgt $4), MDII +9%, GEPT +7% (announces video surveillance contract).
Intraday Updates:
- 10:14 VRTX and PIXR just popped up on the scanner
- 11:41 Wow! — 11:40 BIDU — IPO opens for trading at $66.00 (65.65 +38.65)
- 12:27 BIDU… oh sh!t!!!!
Disclaimer & How I use this list
