Watchlist for December 5, 2005

Potential swing trades:

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

Potential day trades:

(From Briefing.com)

Gapping Down

LEXR -12% (court orders new trial on damages in Toshiba litigation), LGF -11% (guides lower), CSGS -5% (Pru downgrade), BSX -4.7% (makes bid for GDT), IMCL -3.5% (negative SG Cowen note), SNDK -3.5% (WR Hambrecht downgrade), VCLK -3.1% (Pac Crest downgrade), OVTI -3% (profit taking after 18% move on Friday), NTAP -2.4% (UBS downgrade), IIJI -1.8%, ADBE -1.2% (OpCo downgrade)… Under $3: CPN -21% (stock to be delisted).

Gapping Up

NOVN +34% (FDA panel recommends approval for ADHD patch), BOOM +11% (enters 5-yr supply agreement with GE), PRVD +11% (to be acquired by L), GDT +10% (BSX makes bid for co; up in sympathy: STJ +3%), WZEN +11%, ADPT +8% (positive Barron’s article), OXGN +7% (to initiate a new clinical trial), PLUG +5%, X +4% (Barron’s Online story says X is a takeover candidate), ORCT +4%, TASRE +3.8% (defended at Jefferies), STAK +3.3% (momentum), CVS +3.2% (positive Barron’s article), DRIV +3% (RBC upgrade), STX +2.8% (Mad Money mention), SFCC +2.8% (continues Friday’s late rally), AMTD +2.5% (sees TD deal closing in Jan), DELL +1.4% (Raymond James upgrade), A +1% (TWP upgrade)… Natural gas stocks are strong: NGAS +5%, SWN +4.5%, GGR +2.7%, CHK +2.1%, ECA +1.7%… Under $3: MCU +58% (positive phase 2 data), CVM +40% (signs cooperative Agreement with NIAID to test its drug for bird flu), TSEM +7%.

Intraday Updates:

• 09:18 Things aren’t looking good for SNDK as it takes out its low from November 21.
• 09:33 YHOO and GOOG are slipping even on the back of BofA’s numbers increases today
• 10:00 ALTR’s looking toppy on the daily chart
• 12:30 Lots of news/rumors about SYNA today. I was just reading “Has Synaptics Regained the iPod Scrollwheel” on the Consumer Electronics Stock Blog and then a few minutes later ThinkSecret says “Synaptics gets the nod to help boost iPod supply”

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