Watchlist for September 1, 2005

I just heard that the Colonial Pipeline is cranking back up so maybe Georgia’s little gas panic will subside today. I found it humorous to watch panic buying at the pumps after watching for years in the stock market. One interview in particlular had me cracking up. An older gentleman was interviewed just after filling up his tank. He said, “I was driving down the street and saw these long gas lines. I figured that all these people must know something that I don’t, so I jumped in line too.”

Anyway, I’m glad to see August behind us. (Note to self, take a long vacation next August) Maybe I can do some actual trading now that people will be coming back from vacation and the volume will (should) pick up.

Potential swing trades:

Longs – None

Shorts – None

Potential day trades:

(From Briefing.com)

Gapping Down

Retailers gapping down on disappointing August same store sales/guidance: BEBE -11%, PSUN -5.5%… Other News: NCS -8.5% (reports Q3), CNR -7.4%, COCO -4.6% (reports in line, guides Q1, FY06 below consensus), MYOG -3.3% (profit taking after recent huge move), SNDK -2.5% (UBS downgrade), WBSN -1.9% (president resigns).

Gapping Up

CHIR +19% (NVS makes bid to acquire shares it does not already own), SE +18% (Seven Eleven Japan to acquire 7-Eleven), CEPH +5% (enters co-promotion agreement), BSM +7.6% (extends yesterday’s 52% move), GERN +8.8% (announces publication of studies), SBUX +2.6% (Aug comps; Lehman upgrade)… Energy stocks strong again on rising prices and broker upgrades: SUN +3.9%, VLO +3.3%, COP +2.8%, CHK +2.5%, FRO +2.3%, TOT +2.3%… Hurricane plays are strong again: CBI +10%, IPII +5.8%, HOM +5.2%, GLBL +3.5%, ABIX +3.2%… Alternative energy stocks continue momentum: BLDP +5%, BCON +4.6%, QTWW +4%, FCEL +3.6%, PLUG +2.7%, CPST +2.1%… Under $3: ALTH +24% (announces publication of positive Exaproxyn study results).