I’m taking the week off so this may be the last watchlist until after Labor Day. Ditto for the daily recaps, unless we break out of this consolidation. I’m going to be catching up on some reading and working on the site. I”m hoping to write a new “about” page and a FAQ as well as some new posts I’ve been wanting to write for a while.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
EPIXD -24% (FDA denies appeal on Vasovist), LBIX -7.4%, CTCM -6.5% (UBS initiates with a Neutral), BTJ -6.4% (makes IBD 100 list, but lower than expected), HOKU -5.8% (profit taking after 36% move on Friday), MFLX -5.3% (request to withdraw MFS Tech offer denied), RHAT -3.3% (Soliel downgrades to Sell), FRX -3.1% (profit taking after recent run, +28% in 6 weeks), HWCC -2.8% (a sell the news reaction to making the IBD 100; stock was up big last week in anticipation), NVEC -2.7% (extends Friday’s 11% drop), SWN -2.6%, UPL -2.6%, X -2%… Oil & gas stocks that seeing profit taking as Ernesto was downgraded to tropical storm: BDCO -7.6%, NGAS -4.9%, OMNI -3%, FUEL -2.9%, NGS -2%, ECA -2%, CHK -1.9%, FTO -1.8%, VLO -1.7%.
Gapping Up
DPII +24% (co that DPII is merging with announces deal with MEDI), ANAD +13.5% (mentioned positively in Barron’s), OLGR +35% (to be acquired), GI +14% (to be acquired by WNR), CHRS +7.7% (to be added to S&P 400), ABPI +4.9% (signs license agreement), RACK +4.5% (Hambrecht initiates with $36 tgt), IMAX +4.4%, BCRX +4.2% (positive ThinkEquity note), NYNY +4.1% (extends late move on Friday), EBAY +2.8% (signs ad agreement with GOOG +1%), CROX +2.8% (positive Cowen note: co can achieve upwardly-revised FY06 ests), KMI +2.7% (to be acquired), NVDA +1.5% (FBR upgrade), TOL +1.4%, AMZN +1.3% (announces stock buyback program), INTC +1.2% (FBR upgrade), XMSR +1.2% (extends 19% move last week)… Under $3: AVNX +10% (announces prelim Q4 results; delays full release), SVA +11% (Phase 1 data), CNR +9.7%, CIPH +6.7% (extends Friday’s 13% move), SNTO +4.3%.
Disclaimer & How I use this list
