Although I'm not doing any swing trades right now I have been keeping an eye out for stocks that I might want to trade after the election. So far the picking are very slim. The market seems to be going to sleep -- which isn't really surprising given the upcoming election. Hopefully there will be some decent set ups next week. Somebody wake me up when the election is over... :-)
Currently holding:
Long - none until after the election
Short - none until after the election
Looking for swing trade entries in:
Longs - none until after the election
Shorts - none until after the election
Potential day trades:
(From Briefing.com)
Gapping Down
Stocks down on weak earnings/guidance: SLAB -17% (also two downgrades), FLEX -8.3% (also multiple downgrades), ATRS -7.5% (also Jefferies downgrade), SMTC -4.7%, FLSH -4.6%, INSP -3.5% (also Pac Crest downgrade), TLAB -2.6%.... Other News: DVA -15% (receives DOJ subpoena), PPHM -15% (Tarvacin IND update), APOL -5.5% (Piper downgrade), AH -4.3% (to issue $300 mln convertible notes), GBTS -4.2%, QCOM -3% (Morgan Stanley downgrade), .... Stem Cell stocks are weak: STEM -17% (reports Q3, offers 7.5 mln shares at $3 each; profit taking from 51% move yesterday), Down in sympathy: GERN -3.5%, ASTM -3.5%.Gapping Up
NVDA +9.5% (raises Q3 sales guidance), LVLT +13% (Comcast likely to call on co for services - WSJ), DAL +10% (JP Morgan upgrade, short squeeze), WRLS +10% (announces contract with Cellpoint), CRGN +9.2% (co and Bayer advance investigational compound for diabetes to preclinical phase), MMC +9.1% (analysts incrementally more positive; Spitzer will not prosecute MMC after the co agreed to name a new CEO), CSGS +8.7% (reports Q3, beats by $0.03), LCAV +8.1% (beats by $0.04, ups guidance), HGSI +7.5% (signs deal with GSK, reports Q3), GIVN +7.4% (receives marketing clearance for PillCam ESO video capsule), ISSX +6.6% (FBR upgrade after reporting Q3), VISG +4.4% (reports Q3, revs well above consensus), AIG +4.4% (in sympathy with MMC), CIT +4.3% (in sympathy with MMC), SEPR +4.2% (reports narrower than expected loss), SIRI +1.8% (radio to be offered in BMW sedans).... Under $3: INSG +30% (to work with QCOM to expand the platform support), EMRG +3.3%.
