There are a few stocks on the swing list but I'm not looking to do much this week. So I'll mostly be managing the stops on my current positions.
For those of you who read the Trader Wizard weblog, Bill Cara is back with a new site, BillCara.com
Currently holding:
Long - ADBE, CME, DVA, EYET, FBR, THQI
Short - None
Looking for swing trade entries in:
Longs - AFFX, ESRX, NVT, STK, VRSN
Shorts - ADTN, FOSL
Potential day trades:
(From Briefing.com)
Gapping Down
SHRP -14% (reports holiday sales, reduces JanQ guidance), VISG -9.8% (profit taking after 25% move last week), CALM -9.6% (reports NovQ loss, cites substantially lower egg prices), NFLD -7.8% (files $100 mln shelf registration statement), DAL -6.8% (Delta's Comair subsidiary grounded holiday flights due to computer problem; also, airline woes could worsen in the coming year -- NY Times), GNLB -6% (profit taking after 46% move on Thursday), OTIV -4.6%, INMD -4.5% (profit taking after 35% move on Thursday).
Gapping Up
SIRI +6% (reaches 1 mln subscriber mark), AFFX +4.6% (microarray system cleared by FDA), SNIC +7.6% (Piper upgrade), WGAT +11% (momentum from 70% move over last 2 weeks), STEM +9% (momentum from 15% move on Thursday), GILTF +8.3% (to operate under 2 separate business units), MIKR +8.2% (momentum from 68% move last week), UBET +6.7% (momentum from 15% move on Thursday), ANTP +3.7% (momentum from 22% move on Thursday), DHB +3% (announced body armor contract late Thursday), CMCSA +3% (Barrons' cover story).... Under $3: IIP +19%, ARTG +5.7% (expects profitability and cash flow positive performance for 2005).
A funny thing happened on the way to the year-end rally... Selling. LOL. It's early. Funny how a baked in the cake anticipated rally can break the other way on a complacent investor. Like myself. (Too many holiday goodies!)