Here’s a little something to perk you up on this Monday morning. WallStrip’s ode to SNL’s “D*ck in a Box” — Jack in a Box (JBX):
We’ve got a bit of weakness this morning and I’m wondering if sellers will kick it up a notch and really take out those trendlines on the S&P and Dow ahead of the Fed meeting on Wednesday. I think Friday’s lows will be key to watch…
On Today’s Calendar:
- nothing
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 pn disappointing earnings/guidance: QLTY -24% (guidance only), RDWR -7.8%, DT -5.6% (guidance only), USG -3.5%… Other News: LOCM -8% (profit taking after 47% move on Friday), FRPT -6.6% (still checking on this, perhaps a sell the news reaction to a military vehicle order), NFLX -4.1% (Roth downgrades to Sell), BMC -2.4% (mentioned negatively in Barron’s), CHL -1.9%… Mining stocks are weak: GFI -4.9%, HMY -3.9%, AU -2.8%, FCX -2.4%, LMC -1.7%… Under $3: GIGA -28% (reports Q3).
Gapping Up
Gapping up pn strong earnings/guidance: SILC +30%, RFIL +27%, MAT +4.2%…. Other News: PREM +63% (to merge with UBSI), FRC +41% (to be acquired by MER), ABY +21% (to merge with BOW), ATRS +19% (to be acquired by SYMC), BOW +14% (to merge with ABY, also BofA upgrade), LAUR +12% (to be acquired by its founder), ISIS +7% (Lehman initiates with $20 tgt), BMY +5% (reportedly in merger talks with Sanofi – Reuters), HSOA +5.8% (announces contracts), CEM +5.8% (Deutsche upgrade), FLML +5.7% (positive mention in Barrons), IRBT +5.6% (wins large military order), CHINA +4% (announces strategic agreement with Nokia), BRCM +1.9% (announces new silicon and software platform), INTC +1.1% (positive broker comments).
Disclaimer & How I use this list
Hey Mike,
I don’t know how long ago Forbes put you on its best fo the web but I had not seen it. If it is new, congrats!
If it is new here is the link
http://www.forbes.com/bow/b2c/category.jhtml?id=297
Steven
It’s from last year but thanks Steven. My site got its first Forbes mention in December 2004 and the second was January 2006. I guess that list is due to be updated.
Wow! Nice.
Congratulations!
the mikester – sweet – even if its old
Thanks for this blog. I understand that you will put in your stop loss immediately after you enter your order. My stops are basically mental stops because I’m afraid that it will be trigerred by spikes or sudden quick movements before price moves back in the direction that I anticipated. Do you face this problem and if so how often. Any insight is greatly appreciated. Thanks.
Tom,
Yes, I get whipsawed out once in a while. But the problem with mental stops is what do you do on the times when they don’t bounce back? All it takes is one bad break to do some serious damage to your account. If you’re getting whipsawed a lot then I’d say your stops are too tight or your entry points are bad.