I’m looking forward to jumping back into the fray today. I hate that I missed such a big week last week but hopefully I’ll make up for it soon. I’d much rather be playing shorts for day trades but as always I’ll do what the market tells me. I’ll decide my direction after 10:15
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
CYNO -4.7% (Cramer calls PMTI best of breed), SUNW -2.8% (Bernstein downgrades to Underperform), AMZN -2.6% (JP Morgan downgrade), GME -2.4% (downgraded to Sell at Matrix), FOXH -2.3% (guides lower), CDY -6.5% (extends Friday’s weakness), AXA -2.1% (UBS downgrade), CRM -2.1% (Baird downgrade), ATI -1.7% (Merrill downgrade), TRAD -2% (sell the news reaction to making IBD 100), SCHN -1.8% (reports NovQ), BOBJ -1.4%… Last week’s high fliers seeing profit taking: ONT -6.3%, AMLN -2.1%, EPD -2%.
Gapping Up
LPTH +52% (signs deal with BLL), EMIS +22% (wins legal ruling), BCRX +6% (more cases of bird flu in Turkey; also NVAX +4%), URBN +5.3% (Lehman upgrade), GM +4% (Goldman upgrade; up in sympathy: F +2.1%), ALKS +4.7% (announces deal with LLY), CRNT +12% (co and Nokia sign OEM agreement), IDWK +11% (announces design win from SanDisk), NABI +10%, HGSI +7.5% (license agreement with Amgen), PMTI +7.4% (Mad Money mention), CTHR +6.6%, PTIE +6.4% (OpCo upgrade), ENG +6% (IBD under $10 list), TSCM +5%, PLAY +4.7% (Jefferies upgrade), IOTN +4.4%, RFMD +4.4% (OpCo upgrade), PMCS +4.3% (SG Cowen turning positive), ABT +3.9% (to acquire Guidant vascular business; JP Morgan upgrade), TYC +3.1% (plan to break up conglomerate gains steam – WSJ), XMSR +2.8% (Deutsche Bank upgrade), SIRI +2.1% (limits ad sales during Howard Stern show — NY Post), SNDK +2.1% (OpCo upgrade; TWP establishes $100 tgt), GDT +1.7% (JNJ affirms commitment to buy co), CSCO +1.6% (Pru upgrade)…. Under $3: SCON +27% (guides for Q4 revs), CNR +9% (signs nat gas supply contract with Gaz Impex).
Intraday Updates:
- 00:00
Disclaimer & How I use this list
what do you think of BT volatility?
NAte,
I’m not sure what to make of it. Is it just getting caught up in the overall rally?
BT historically is more volatile than AT&T SBC (historically). So overall market rallies alone may not explain it.
BT has preferred stock and AT&T does not. I wonder if this has something to do with it – the BT common stock may be riskier due to the existence of preferred (very not sure on this).