Watchlist for August 8, 2005

With the Fed decision tomorrow I’m not expecting much action today, although the China internet plays have my attention this morning as BIDU hit 143 in the pre-market.

Don’t forget to stop by MaoXian’s chat tonight (8 PM Eastern time). The main topic will be Linda Bradford Raschke’s “Holy Grail” swing trading technique.

Potential swing trades:

Longs – None

Shorts – None

Potential day trades:

(From Briefing.com)

Gapping Down

BFT -22% (receives default notice), GNTA -10% (private placement), LAMR -4.5% (reports, guides below consensus), DPH -4% (guides below consensus, puts bankruptcy on the table as an option).

Gapping Up

MVCO +49% (micro-cap reports EPS of $0.25, up sharply from yr-ago EPS of $0.01), GEPT +16% (contract announcement), DFIB +15% (announces $0.5 mln order), LABS +13% (being acquired by DGX), ALTH +11% (upgraded at Needham), VTIV +11% (announces accretive acquisition), ET +10% (announces HarrisDirect acquisition, expects deal to be accretive), BIDU +9% (IPO continues Friday’s momentum), NT +8% (reports earnings), CPST +9% and BCON +7% (alternative energy plays rallying as crude oil prices soar to near record levels), MNTA +7% (bullish comments by broker), JDSU +5% (JP Morgan upgrade to Neutral, NT earnings report), FFIV +3.6% (Kaufman upgrade), AA +3% (positive Barron’s story), NOK +2.2% (report of CSCO merger interest, positive Barron’s story), MCD +2% (reports monthly comps upside), LU +1.8% (benefits from NT report), CHINA +1.5%, SOHU +1.3% and NTES +1.1% (seeing BIDU secondary interest).

Intraday Updates:

• 10:10 BIDU is simply amazing. This is why you don’t step in front of a freight train. It’s up 30 points now

Disclaimer & How I use this list