First, congratulations to Bill Cara at TraderWizard, for his mention in Barron's over the weekend. Barron's seems to be the only major financial media outlet that knows about all the financial blogging going on. I wonder why that is...
We're set for one of those gap-up openings that I rarely trust. I would be looking to sell into it if my longs had bigger profits. But since that's not the case I'll just push my stops up a bit and wait to if the gap holds.
Currently holding:
Long - BEBE, CCMP, NVDA, WBSN, WFMI
Short - none
Looking for swing trade entries in:
Longs - CME, CVTX, ELN, FSL, SPW, VRSN
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
WMT -2.4% (OpCo downgrade after disappointing Thanksgiving weekend sales), GLNG -7.8% (profit taking after 7.5% move on Friday), EP -3.4% (JP Morgan downgrade), CRXL -2.9%, AUDC -2.1% (Barron's article).
Gapping Up
AAPL +5.6% (tgt raised to $77 from $66 at UBS, estimates and targets raised at Merrill and BofA), CAAS +64% (selected as exclusive supplier for steering pumps for GM Joint Venture in China), MBAY +32% (CNBC mention), PWER +11.2%, OMM +8.6% (guides above consensus), SUPG +5.6% (receives 90 day extension of FDA review date for Orathecin NDA), GIVN +5% (gets marketing OK from FDA), PLAY +4.9% (in sympathy with AAPL), OSTK +4.7% (tgt raised to $78 from $69 at Legg Mason), FRX +4.6% (gets FDA approval), SIRI +3.5%, TASR +2.3% (ad blitz touts consumer stun gun -- The Arizona Republic).... Recent momentum favorites keep moving: LMIA +7.9%, EWEB +6.4%, BOOM +6.2%, AKS +5.8%, SHOP +5.2%, PACT +4.7%, GOAM +4.6% Under $3: ARTG +20% (selected by AEOS), FONR +12%, ECGI +11% (positive business update), STXN +10% (Needham upgrade), NENG +5.6%.
