As you (hopefully) saw yesterday I’m making intraday updates to these watchlists. Please remember that my focus has to be on actually trading, so I can’t write much detail on those intraday updates. I also can’t promise that I’ll update at all on busy days. What I can do is post examples of actual trades after the market closes. So look for more of those.
My thoughts on the Nasdaq and S&P 500 are on the charts below:
Potential swing trades:
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
BBY -7.3% (reports AugQ, misses by $0.01, light on revs), WMAR -11% (guides lower; also BB&T downgrade), OSIS -10% (reports JunQ; Morgan Keegan downgrade), BSM -6.5% (provides guidance), ENER -4.3% (reports JunQ), BRKS -3.4% (Piper downgrade), KRI -3% (guides lower after “disappointing” month of August results), INFA -2.8% (Citigroup downgrade), CELG -2.6% (Merrill downgrade), GI -2.3% (announces 1 mln share offering), TELN -2.3%, KLIC -2.2% (Piper downgrade), ELRN -2%, BP -1.2%… Under $3: COOL -48% (reports JulQ; also multiple downgrades).
Gapping Up
NOK +4% (guides higher; up in sympathy: RFMD +2.2%, TXN +1.1%), PWAV +6.3% (Mad Money mention), SYNC +10% (chosen by Brasil Telecom), BDCO +6.4% (momentum), WFII +6% (to implement security technology for Dept of Energy), BCON +6.4% (blackouts in LA), TASR +5.5% (receives new orders), ASYT +4.5% (Piper upgrade), AUDC +3.2% (First Albany upgrade), EP +3% (Lehman upgrade), KG +3% (Inyx, with whom KG has an alliance, provides guidance), SNDK +1.4% (Thomas Weisel upgrade)…. Under $3: EMRG +28% (gets USDA approval), NVAX +21% (announces strategic alliance), ANCC +16% (receives $1 mln govt subcontract), TWAV +16% (wins multi-million dollar order), MSPD +13% (guides revenue higher).
Intraday Updates:
- 09:37 Obviously the tone is negative so I’m looking for shorts. Nasdaq A/D line is 7-to-17 right now
- 09:44 These BIDU shares are tough to come by. A minute ago there were 5,000 shares to borrow now there are only 57 shares to available to borrow. I won’t be surprised to see another squeeze in BIDU soon.
- 09:51 RMBS is stong again today
- 09:54 Ditto for ERTS
- 10:11 HANS is getting hit hard — down 5% now
- 10:14 Looks like this guy’s picks are getting faded today — Long: Hansen Natural; Short: Electronic Arts (via Duru)
- 10:18 I’m still waiting for the opening range to be broken before I make any moves. It’s feeling like one of those ‘do nothing’ days for me…
- 10:25 It looks like my web hosting firm is having issues today. They (and my site) went down yesterday due to the L.A. blackout. It’s taking me forever to post anything to the site today and I can’t take it anymore. So this may be the last update for today. Hopefully they’ll get the sever back to normal soon.
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