There are a few longs on the list today but I probably won't take any of them. This week marks the first week of heavy earnings reports for the quarter. Those that have been reading the site for a while know that I usually take this and the next week off because I find these weeks to be too unpredictable and/or choppy. I don't know if I'll stay out for the entire two weeks but I am going to wait a couple of days before jumping back into the fray. And when I do, as usual, any stock with an eminent earnings report will be off limits.
Part of what I'll be doing over the next couple of days is getting better organized -- both in trading and in my life in general. I recently came across an excellent book on increasing productivity and getting into 'the zone' called 'Getting Things Done' and I'll be implementing its concepts starting today. I've written a little bit about that on my other blog if you're interested. Maybe now I'll finally get around to finishing my Trading 101 series...
Currently holding:
Long - None
Short - none
Looking for swing trade entries in:
Longs - CRDN, EWZ, UBB, VAR, VIP
Shorts - none
Potential day trades:
(From Briefing.com)
Gapping DownODSY -34% (DOJ begins investigation under the False Claims Act, CEO resigns, lowers guidance), MMC -6.7% (postpones conference call), HRLY -5.1% (misses by $0.07), INTT -5% (Wells Fargo cuts to Sell), ECSI -4.6% (announces patent infringement lawsuit against it), PFGC -4.2% (lowers Q3 & Q4 EPS guidance), CAAS -3.9%, ASD -3.8% (reports Q3), MMM -3.5% (meets guidance, misses consensus by a penny, guides Q4 & Y04 below consensus), X -2.9% (CSFB downgrade).
Gapping UpCHKP +6% (beats by $0.02, guides higher on conf call), ISON +9% (3 accredited investors convert preferred stock into common stock), ELN +5.4% (an Irish paper reports that Biogen is considering bid for co), TASR +5% (gets node of approval from Dept of Defense study), SIRI +4.6% (expands relationship with Ford), PLMO +3.9% (JP Morgan upgrade), CNLG +10% (introduces comm link to expand into European utility mkt), IWAV +51% (co andf ALVR amend amalgamation agreement), JDAS +7.4% (selected by Sears), NFLX +2.9% (stock finally looks cheap - Barron's), GTW +2.6% (news report that co will also use AMD chips).... Under $3: DFIB +18% (new state laws mandate AED deployment), ASTM +6.7% (plans to expand bone graft study).
