Watchlist for February 2, 2006

Here are some of the stocks I’m watching today:

PALM
ZUMZ
CTRN
TWPG — Thomas Weisel Partners Group IPOing today
UAUA – United Airlines starts trading on the Nasdaq today. Already got 2 sell ratings thins morning. No shares to borrow though
DSW
ITWO
NWRE

Potential swing trades:

Longs:

• MRVL: NR7, NearNewHighs, doji, swinghigh3
• OXPS: Hammer, swinghigh3

Shorts:

• TKLC: BearishStochastic, 200DMABounce
• MLS: ShootingStar, 50dmabounce, BearishStochastic

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

Potential day trades:

(From Briefing.com)

Gapping Down

Gapping down on disappointing earnings/guidance: WSSI -18%, NTRI -12% (guidance only), MTSN -11% (also Citigroup downgrade), RITT -10%, TZOO -9%, BOBJ -7.4%, MUR -6% (also FBR downgrade), GSS -5.4%, AZN -4.2%, EOP -3%, TYC -2.9%, SUN -2.9% (Deutsche downgrade), ADS -2.6%, TSRA -2%, JDSU -2% (also Needham downgrade), CMCSA -1.4%… Retailers gapping down on Jan Same store sales/guidance: CWTR -8%, ROST -2.8%, AEOS -1.9%, KSS -1.2%… Other News: ARDI -18% (believes that Verizon Wireless is shutting down its CDPD network), ADSK -4.2% (Piper downgrade), IMCL -3.2% (Citigroup note says BMY may not bid for rest of co), MLNM -2.2%, RMBS -2.1%, FLEX -1.8%.

Gapping Up

Gapping up on strong earnings/guidance: FORM +21%, ITWO +15%, TSCO +13% (also Pru upgrade), REDF +12% (up in sympathy: SIFY +6.4%), DRIV +9% (also Piper upgrade), OTEX +6.8% (also CIBC upgrade), SBUX +6.3%, WHR +4.9%, ALA +4.4%, SIRF +4.2%, PDC +4.2%, CVS +4.1%, NMSS +3.8%, RCL +3.5%, ECIL +1.6%, NWRE +1.4%… Retailers gapping up on Jan Same store sales/guidance: HOTT +8%, GPS +4.6%, DEBS +4.1%, WTSLA +3.9%, FD +2.6%, ARO +2.2%, PIR +2.1%… Other News: CEPH +8.2% (settles patent dispute with BRL), CLWT +22% (China to provide more safe drinking water in rural areas – Xinhuanet), CHDX +19% (extends recent 64% rally in 2 weeks), NABI +9.4% (gets Fast Track designation for Civacir), GNTA +8.7% (clinical data), ASPV +8% (tgt upped to $29 at BofA), NTII +7%, CHNR +6% (momentum), ATSN +5.6% (to be acquired by EMR), NVAX +4.6% (appoints new VP of Vaccine Research), AGIX +3.9% (extends collaboration with Astellas Pharma), BCRX +3.5% (license agreement for Fodosine), AX +3.5%, GRS +3.4% (gold prices higher), GILTF +3.3%, MC +2.3%, ARBA +2.2%, PALM +2% (major shareholder urges sale of co – WSJ), RIMM +1.9% (provides update on InPro patent litigation, Bear Stearns upgrade)… Mad Money mentions: BKHM +19% (Note: We profiled this 2 days ago), BBBB +9%… Under $3: PRGX +35% (begins exchange offer), OLAB +12%.

Disclaimer & How I use this list