Watchlist for September 5, 2006

There are some good comments & questions on last week’s position sizing post. My apologies for not responding to them sooner but I was out of town. I’ll post my responses this evening.

Let’s see if the indices can build on Friday’s low volume rally this week. Here’s my quick take on the S&P and Nasdaq :

Potential swing trades:

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

Potential day trades:

(From Briefing.com)

Gapping Down

Adolor Corporation (ADLR) -52% (Phase 3 clinical data), Redback Networks Inc. (Nasdaq:RBAK) -8.5% (UBS downgrade), PETS -4.9% (mentioned negatively in Barron’s Tech Trader), Swift Transportation Co. (SWFT) -4.2% (Merrill downgrade), NBIX -4% (FDA requests more info on sleep drug), Genesis Microchip Inc. (GNSS) -4% (Jefferies downgrade), CHCI -2.9%, LBIX -2.5%, ASEI -1.6% (Stephens downgrade), Under $3: PGWC -10% (negative Barron’s article).

Gapping Up

Click Commerce, Inc. (CKCM) +25% (to be acquired by ITW), OXiGENE, Inc. (OXGN) +6.1% (extends last week’s 15% move), IDWK +5.9% (to be acquired), ACGY +4.7% (wins Angola contract), QLogic Corp (QLGC) +3.7% (JP Morgan upgrade), ViroPharma Inc (VPHM) +3.6% (extends recent momentum, +25% in last 2 weeks), TPTH +3.4% (extends negotiations with BDX), DCTH +2.4%, RMBS +2.3% (AmTech initiates with $28 tgt), FORM +1.8% (moves up on IBD 100 list to #6), Apple Computer, Inc. (AAPL) +1% (AmTech raises tgt to $91), Under $3: VSGN +18% (positive clinical data for chronic heart failure), Genta Inc (GNTA) +6.3%.

Disclaimer & How I use this list