Watchlist for December 9, 2005

GOOG is off and running again. This time off of Citigroup’s $490 target. Maybe I can stay in it longer than 6 minutes this time — assuming I try it today.

Potential swing trades:

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

Potential day trades:

(From Briefing.com)

Gapping Down

INTC -2.1% (mid-qtr update), DRTE -20% (guides Q4 below consensus, names new CFO; First Albany downgrades to Sell; Wachovia downgrade), FDP -12% (guides lower), SPEX -7.4% (profit taking after recent run), GSS -6.8% (announces offering), SHFL -6.7% (reports OctQ; Bear Stearns downgrade), ERTS -3.1% (to buy JMDT), QLTI -3% (Morgan Stanley downgrade), CIEN -2.6% (Deutsche downgrade), MRK -2.6% (NEJM article questions Merck’s disclosures; Vioxx trial goes to jury), ARXT -2.3% (prices offering), TUG -2.2% (stock offering), NSM -1.4% (Goldman downgrade).

Gapping Up

JMDT +17% (to be acquired by ERTS), NMGC +88% (reports Q3), DAB +15% (agrees to be acquired by Wellspring Capital; reports OctQ), SNUS +8% (profiled in BWeek), CEPH +4.2% (settles litigation with Teva), CTHR +4% (mentioned on Mad Money), CRM +3.4% (Mad Money mention: “The force is with Salesforce”), PHO +3% (Mad Money mention), XMSR +2.7% (Citigroup initiates with a Buy and $43 tgt), ENER +2.6% (higher crude prices), EP +2.2% (Mad Money mention), VPHM +2.2% (underwriters exercise option to purchase shares), SIRI +2.1% (Citigroup initiates with $9 tgt), DWA +1.8% (Paramount prepping competing bid for DreamWorks SKG-WSJ; note this is different that DWA)… Bird flu stocks are higher on more cases in Asia: SVA +10%, NVAX +2.6%… Gold/mining stocks are strong as gold prices rise (see 8:16 comment): HMY +2.4%, NEM +1%, GG +1%… Under $3: PPTV +26% (extends yesterday’s 27% move).

Intraday Updates:

• 09:40 Good strength in AMD. I wonder if some of that Intel money is going to AMD
• 09:45 IPO players may want to keep an eye on BAS
• 10:30 Speaking of IPOs, CYNO is definitely one to watch. From Briefing.com: CYNO Cynosure IPO begins trading after strong pricing (18.96 +3.96)

  Cynosure opens for trading at $16.99, after pricing its IPO at $15, above the expected range of $12-14. The co makes devices that use lasers to permanently remove hair, to treat vascular issues, rejuvenate skin etc. The co believes it is one of only a few cos that offers aesthetic treatment systems utilizing Alexandrite and pulse dye lasers, which are particularly well suited for some applications and skin types. In Sept 2003, the co recruited a new management team that has implemented a comprehensive reorganization of the company. The co is profitable and revs for the 9 mos ended Sep 30 increased 36% yr/yr to $40.1 mln. Competitors include CLZR, CUTR, ELOS, LSCP, PMTI… The timing of this IPO was very good as the sector has been a huge mover. In just the past 5 weeks: CLZR +57%, CUTR +53%. Also, ELOS has been one of the biggest IPO winners in the last 2 years. This is a 5 mln share deal led by Citigroup with Jefferies, Needham and UBS as co-managers.

• 11:10 The chop continues as the indices head for a test of the day’s highs. I’m starting to search for some longs in case the indices break through…
• 11:50 OK, I’m outta here. I may pop back in around 2:00 to see if anything’s changed.

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