Watchlist for August 10, 2006

We’re flashing back to 2001 one this morning as the market reacts to the latest terrorism news. Airlines are taking a hit and *they* are running up the so-called security plays. I just wish I knew how much of this weakness is related to this terror news and how much is follow-through from yesterday. My first thought is to fade the terror-related selling but I also want to short any continuation moves from yesterday…

Potential swing trades:

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: MOVI -40% (also hires advisers and turnaround specialists to help it restructure), IMAX -39% (also SEC inquiry; also, co says it couldn’t find a buyer at the price it wanted 5 mos after co put itself up for sale – WSJ; also multiple downgrades), ECLG -32% (also Stanford Research downgrade), IFON -27%, TOMO -20%, CMOS -20% (guidance only; also Bear Stearns downgrade), HDTV -13%, ZOLT -8.4%, CD -6.8%, DT -6.7% (lowers guidance), ICGN -5.8%, CTRP -3.4%, ROHI -62% (also Stifel downgrade to Sell)… Airlines gapping down on airline terror threat: UAUA -6.2%, AMR -6%, CAL -5.5%, BAB -4.6%, JBLU -3.5%, RYAAY -2.9%, AAI -2.6%… Other News: CEPH -11% (to drop Sparlon after FDA rejection; also Soleil and Merriman downgrades), IMCL -10% (co to remain independent, after strategic review), ANDW -9.4% (terminates merger with ADCT), XNL -4.8%, MEDX -4.3% (delays earnings), ATML -3.9%, IPCR -3.3% (AIG prices offering to sell stake in IPCR), KNOT -3.2% (stock offering), PCLN -3% (profit taking after big move this week), SCT -2.9% (to delay 10-Q), UNH -2.8% (to delay 10-Q, AG Edwards downgrade), ERICY -2.8%, SEPR -2.3% (to delay 10-Q), HANS -1.7% (files 10-Q), USEY -1.7%.

Gapping Up

Gapping up on strong earnings/guidance: NCTY +9%, CMT +5.3%, VIA +3.7%, EAT +3.1%, BVF +3.9%, SAX +1.9%, ARII +1%, URBN +1%… Other News: SVU +10.6% (co announces that private equity firm filed Jun 30 to acquire up to $680 mln in SVU stock; also HSBC upgrade), ASEI +7.3% (upgrades from Roth and Stanford Research following yesterday’s 21% drop), TASR +5.2% (settles lawsuits), ORCT +4.5%, ADCT +4% (terminates merger deal with ANDW; also CE Unterberg upgrade), NUAN +3.8% (files 10-Q), HSP +1.7% (JP Morgan upgrade), Small cap security momentum stocks up on airline terror threat: ISON +31%, SYNX +23%, GEPT +18%, MAGS +7.9%, MACE +6.4%… Under $3: HYGS +22% (wins supply agreement).

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