It seems like the Nasdaq is destined to test the January high of 2,153 any day (minute?) now. It'll be interesting to see how it acts at that level. I'm also keeping an eye on the SOX, which really needs to get with the program and pull away (higher) from its 200 day moving average.
Currently holding:
Long - BEBE, CME, CVTX, FSL, SRNA, WBSN
Short - none
Looking for swing trade entries in:
Longs - ATI, AUDC, COGT, FORM, IFIN, INCX, NVT, TSRA, VRTS
Shorts - HDI, SIR
Potential day trades:
(From Briefing.com)
Gapping Down
Down on disappointing Nov same store sales/guidance: ANN -12%, GPS -6.5%, LTD -5.5%, ANF -3.3%, PSUN -2.9%..... Other News: AAPL -2.1% (Smith Barney downgrade), PPCO -11% (clinical data), GIGM -10% (sell-the-news reaction to earnings report, after 20% run on Briefing.com trading call), VRNT -7.2% (reports OctQ), ISIS -5.6% (clinical data), PARS -5.2% (therapy programs reviewed by NeuroInvestment), ENZN -3.8% (ODAC does not support accelerated approval for Marqibo), X -2.8% (Pru downgrade), OTEX -2.7% (Jefferies downgrade), CLTK -75% (pays $3/share special dividend).
Gapping Up
CRGN +18% (receives fast track FDA designation; highlighted Wednesday morning by Briefing.com as a trading opportunity), BIVN +12% (bounce from 19% drop yesterday), CMOS +12% (beats by $0.04), NGEN +10%, ADSX +6.3% (DOC unit starts shipping products to USDA), WFII +6.2% (First Albany upgrade), JRJC +5.9% (started with a Buy at WR Hambrecht, tgt $15), SSTI +5.4% (started with an Outperform at Piper; tgt $10), NTLI +4.4% (sells its British broadcast assets for US$2.5 bln), WZEN +4.8% (momentum from 13% move yesterday), SEPR +4.1% (Morgan Stanley upgrade), IVIL +4% (positive Deutsche comments), SBUX +3.8% (same store sales), CNET +3.3% (positive TWP note), SIRI +2.9%.... Under $3: MRSA +19% (co
is considering to delist itself from Nasdaq; may pursue sale of assets,
mergers, acquisitions, divestitures, recapitalizations, share
repurchases etc.), TMTA +16% (inks license agreement with Fujitsu), SSPI +12% (announces 3 new design-ins), PHMD +11% (announces acquisition), VWPT +7.6% (to acquire UniCast).
