Stop by this week's Carnival of the Capitalists at Crossroads Dispatches
Currently holding:
Long - None
Short - ERES, IDT
Looking for swing trade entries in:
Longs - ALDN, COH, CRL, EBAY, MBT, RDA, SAXN, URBN, VIP, WNC
Shorts - BRCM, CPRT, NARA, NSM
Potential day trades:
(From Briefing.com)
Gapping DownTOM -21% (receives federal grand jury subpoena; Pru downgrade), AVCI -17% (slashes Q3 rev outlook below consensus; down in sympathy: SONS -4% (also Smith Barney downrgade), CORV -3.8%, JDSU -2.7%), CALM -10% (earnings report), ZILG -8% (lowers Q3 and Q4 rev guidance), CX -7.3% (buys 18.8% of UK's RMC), ULBI -21% (guides lower), GMAI -5.1% (faces a sticky stamps mkt and accounting questions - Barron's), ESST -4% (lowers guidance), MCHP -3% (Morgan Stanley downgrade), RHAT -2.5% (SUNW targeting RHAT for business -- Barron's), FNM -1.9% (stock could drop more - Barron's; Also, Morgan Stanley downgrade)..... Under $3: ITIGE -30% (sells controlling stake to a Softbank unit, expects to restate 2001-2003).
Gapping Up
NSTK +45% (obtains rights of drug that tells the body it's full - NY Times), VSEC +35% (gets Navy shipbuilding contract), EGHT +14% (consumer offerings now available on Amazon), IMOS +5.2% (Thomas Weisel upgrade), TTN +5.6% (gets Navy shipbuilding contract), VISG +4.9% (started with a Buy at UBS; tgt $8), RDWR +3.7% (raises guidance), COGT +3.5% (momentum from IPO debut Friday), WAG +2.6% (reports AugQ).... Air Cargo stocks continue momentum: ATAH +3%, WLDA +2.7%, AIRT +2.1%.... Under $3: CDSS +7% (releases NetOFF 7.6).
