Posted by 15 November 2006

Watchlist for November 15, 2006

The Chairman pointed out another recent low-float Chinese IPO at new highs, Home Inns & Hotels Management Inc. (HMIN). It may be worth keeping an eye on in case it does an EFUT

We’ve got Fed minutes being released at 2 PM and I’m wondering if it’s even worth doing anything today given how things tend to be so flat ahead of those Fed releases. But I will be watching the airlines given the US Air bid for Delta.

On Today’s Calendar:

  • 10:30 AM — Crude Inventories
  • 2:00 PM — FOMC Minutes

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

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: BDCO -14%, TSAI -5.1%, EPIQ -4.8%, JBL -4.2%, GG -3.5%, ANF -3.4%, AAV -3.4%… Other News: CMVT -18% (finds new accounting problems, also Goldman downgrades to Sell), TRAC -18% (extends yesterday’s 9% drop), EFUT -8.7% (co says it’s unaware of reason for big move in stock), CAAS -4% (profit taking after recent big move), GEOI -3.8% (files 10-Q), SKYW -3.7% (reports Oct traffic), NDAQ -3.2% (repays debt).

Gapping Up

Gapping up on strong earnings/guidance: AOB +16%, DAKT +15%, BNSO +16%, GMTN +9%, QI +6.4%, CHINA +5.4%, CHRS +4.8%, VRGY +3.7% (also TWP upgrade)… Other News: VNDA +33% (positive Phase 3 data), TRMS +18% (announces strategic shift, will focus more on Fuzeon, CEO resigns, plans job cuts; also First Albany and ThinkEquity upgrades), RRA +16% (to be acquired), STEM +12% (announces first human neural stem cell transplant), ACAM +9% (recovers a bit after 40% drop yesterday), AAI +7.2% (Bear Stearns upgrade), JBLU +6.5% (Bear Stearns upgrade), CAKE +5.5% (FBR upgrade), LCC +5% (proposes to merge with Delta), APKT +5%, RATE +4% (RBC upgrade), CAL +4%… Tsunami/hurricane stocks up on Japan quake: TAYD +11%, CLWT +4.6%… Under $3: ARTX +16% (reports Q3), CXTI +14% (reports Q3, announces new contract).

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Comments

  1. Posted by BBC on November 15, 2006 at 12:34 pm

    EFUT – might be worth a look today, still moving around like crazy, easy to buy low and quickly sell at profit.

  2. Posted by redbridgecapital on November 15, 2006 at 12:59 pm

    Mike,
    Yes I tend to agree on the HMIN if it broke the 3 decade number on 1.5-2mm shares or more. Take a look at another small float stock off the chairmans site GROW.
    Best,
    redbridgecapital

  3. Posted by Michael on November 15, 2006 at 1:05 pm

    GROW’s too extended for me to mess with

  4. Posted by redbridgecapital on November 15, 2006 at 1:51 pm

    Yeah,
    I am looking to sell GROW soon but you get the small float idea.
    redbridge