Looks like the indices are going to open under yesterdays lows. I’m on the hunt for some of the recent dead cat bounces (like YHOO) to short today.
I wonder if *they* will rush into the blackout stocks today since power shortages are all over in the news.
Garmin got hit with a sell rating and a $75 target from Amtech. Of course, just when it’s starting to crack — it broke its 50-day moving average the other day — my broker suddenly has no shares to borrow. b-( ~X(
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: ZVXI -23%, CYBX -16% (guidance only), AFFX -15.6% (also Thomas Weisel downgrade), PWAV -11.5% (also multiple downgrades), WFMI -9.3%, EXPD -8%, PLAB -7.3% (guidance only), CMG -4.3%, VMC -2.9%, PFG -2.3%, UTHR -2.2%, ISSX -1%… Other News: HOTT -13.5% (weak July comps, guides lower), ANR -3% (delays earnings announcement), RACK -2% (Cramer negative on Mad Money), RMBS -1.9% (profit taking after 13% move yesterday), FLSH -1.9% (JP Morgan downgrade), TS -1.6%, AKAM -1.2% (profit taking after 30% move in last 3 days), SNDK -1.2% (boutique firm says another bidder could come in and drive up price for FLSH).
Gapping Up
Gapping up on strong earnings/guidance: VC +8%, IACI +7.6%, UTHR +6.2%, ENZN +5.5%, PKD +4.7%, VSH +4.1%, SIRI +3.3%, ADM +2.7% (up in sympathy: PEIX +2.5%), MRO +2%, MRO +1.5%, COH +1.4%… Other News: SCT +15% (co says it does not face any near term liquidity or solvency issues; also UBS upgrade), VPHM +5.8% (Piper upgrade ahead of Q2 report tomorrow in pre-mkt), XMSR +5.2% (Cramer thinks XMSR has bottomed and may be a takeover target, possibly by Sirius), NGAS +4.8% (extends yesterday’s 12% move), BUH +2.5%, AMD +2.1% (IBM to expand AMD chip use as Intel steps up counterattack – WSJ), MT +2% (reports tonight), CHK +1.7% (Goldman upgrade), NTRI +1.5% (announces stock repurchase plan), NVO +1.1%, ASMI +1% (Needham upgrade)…Under $3: CD +20% (Wyndham and Realogy splits from company today), OCSI +16% (approval of Factive tablets in Mexico), AIRN +6.4% (enters into financing deal).
Disclaimer & How I use this list
