Watchlist for November 21, 2005

I’m not sure what to expect from this holiday week. The market is extended and probably better sold than bought, but this will probably be a dull market — and you know what they say about dull markets….

Potential swing trades:

See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

CSC -12.5% (LMT & partners drop bid), VRTX -6.86% (Downgraded to Sell at BofA), MSCC -3.71% (Needham downgrade), COCO -3.1% (subpoena from Florida Attorney Genl), PETDE -2.67% (notice of NASDAQ delisting)

Gapping Up

WAVX +18.1% (signs license agreement w/ Dell)… IVN +6.4% (Barron’s article)… TIVO +6.2% (upgraded at Stanford; also announces plan to provide new capability for quick and easy transfer of viewer’s favorite TV shows to iPod or PSP)… AUY +5.2% (Barron’s article)… EK +4.0% (Barron’s article)…  GM +3.1% (provides update of GMNA turnaround plan)… CBST +2.8% (FDA Accepts CUBICIN sNDA and Grants Priority)… BA +2.3%(announces order for 6 787-8 Dreamliners)… OSIP +2.2% (Eyetech integration conference call)… F +2.1% (announces restructuring plans)… EGO +2.0% (Barron’s article)… WY +1.9% (Barron’s article)… CMED +1.8% (moves up in IBD)… AXP +1.7% (UBS upgrade)…  TECD +1.4% (First Albany upgrade)… CDIS +1.1% (stock split).

Intraday Updates:

• 10:26 Pretty slow so far today. I’m waiting on the Nasdaq to break its forst 30-minute range before making any moves..
• 11:40 Naz is heading down again after taking out the early highs. Seems like we’re in for another of those choppy, consolidating days. I don’t see many interesting moves today so I’ll be happy to sit this session out. I’ll check back after lunch though…
• 2:20 Do I hear $600??? from Briefing.com — 14:18 GOOG Google target increase details (405.56 +5.35) -Update- UBS raises their tgt on GOOG to $500 from $430, based solely on its current products and trends. Firm says that even if most of its future products fail, the underlying fundamentals of its current offerings are solid.

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