I've been trying to get through my scans this morning but I can't seem to pull myself away from the U.S. vs. Spain Olympic basketball game for long enough to get much done. I'll post the gappers sometime around 9:00 but the swing trades may have to stay as TBD today.
Luckily my shorts didn't move much yesterday, so I'm still holding all of them. A couple of my stops are real close to being hit though.
Here's an interesting note on Google:
08:55 GOOG Google started with Sell rating, $76 tgt at Janco Partners (106.00 )Janco notes strong fundamentals and favorable market trends, no near-term downside catalysts, but says valuation is too high, based on its discounted cash flow analysis. Firm notes Google needs to diversify rev. base beyond paid search (98% of revs in 1H) and become more of a portal, says any deceleration in paid search would immediately show in GOOG's performance.
And so it begins...
For those of you who read MaoXian, he's now providing an Atom feed at http://www.maoxian.com/atom.xml
Currently holding:
Long - None
Short - ADI, DOX, DVA, MOGN, SFA
Looking for swing trade entries in:
Longs - To be determined, if I can get away from this basketball game
Shorts - To be determined, if I can get away from this basketball game
Potential day trades:
(From Briefing.com)
Gapping Down
KKD -19% (misses by $0.10; guides Y04 revs below consensus), CECO -10% (FT reports that the US DOJ has launched an investigation into CECO), OMNI -20% (files 10-Q), CMOS -8% (beats, but guides Q4 lower), FRED -7.5% (delays qtr release until later today), AHO -7.1% (reports a weaker-than-expected 2Q), SBUX -4.7% (Aug comp store sales), CYBX -4.5% (Piper downgrade), DLTR -4.2% (reports Q2), SINA -3.9% (chairman denies rumours of stake sale to Yahoo), EYET -2.8% (analyst comments on briefing documents), IMCL -1.8%.Gapping Up
ZIGO +14% (beats by $0.08, beats on revs), GILD +4.2% (announces positive preliminary reults from Study 934), TASR +4.2% (receives follow-on order), EXM +3.4%, APOL +2.8% (guides for Y05).... Under $3: STKR +34% (supplies lasers to BAE which was awarded a US contract), DFIB +13% (announces largest govt purchase of AEDs in history).
