We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.
I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.
Currently holding:
Long - ADBE, CME, DVA, EYET, THQI
Short - None
Looking for swing trade entries in:
Longs - IACI, JBL, NTGR
Shorts - AGU, FOSL
Potential day trades:
(From Briefing.com)
Gapping Down
PROX -21% (lowers guidance), MSO -4.9% (Insider selling heats up for MSO - WSJ), SIRI -4% (money manager makes negative comments on CNBC).
Gapping Up
Earthquake/tsunami plays add to gains: NGRU +23%, TAYD +16.4%, SDIX +3%, ANLT +7.1%, BTHS +7%.... Other News: RMBS +6.7% (memory to be used in Playstation 3 - xbitlabs.com), ANCCD +27% (regains Nasdaq listing compliance), BIVN +14% (up on the GENZ FDA approval), IRSN +12%, DDDC +7.5% (Internet phone cos avoid regulation -- NY Times), WFII +6% (gets O2 contract), NMSS +5.8% (started with a Buy at ThinkEquity; tgt $9), VIP +5.6% (Morgan Stanley believes the lower than expected amount of the initial 2002 tax claim is positive for the stock), NTOP +4.8% (expands network; also, Internet phone cos avoid regulation -- NY Times), INCX +4.4% (momentum from 11.4% move yesterday), NFLX +3.7% (short interest increased to 75% -- WSJ), MDCO +3.6% (successfully completes Angiomax phase III trails), CMC +2%.... Under $3: XEDA +66% (hearing chatter this is a tsunami play; connection seems like a bit of a stretch to us; trading high volume in pre-mkt), EQTX +40%, VIFL +23%, CRDM +13.4% (regains Nasdaq listing compliance), OLAB +10.5%.
you don't get many comments.... but I like your website and the ugly website too....
thanks for being here....
Thank you, and thanks for increasing my comment count. :-)