We had another choppy day yesterday which, once again, left me unimpressed with this bounce attempt. The indices look like good shorts to me under yesterday's lows.
Currently holding:
Long - None
Short - None
Looking for swing trade entries in:
(no swing trades for me until after earnings season)
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping Down on weak earnings/guidance: OSTK -11%, SANM -11% (also multiple downgrades), FDRY -10% (also Baird and Kaufman Bros downgrades), ACET -11%, OSIS -11%, SIRF -6.4%, IRF -4%, SYMM -4%, BRCM -3.2% (also Needham downgrade), CLS -2.3%.... Other News: PG -3.5% (to merge with Gillette), MGAM -2.7% (Susquehanna downgrade).
Gapping Up
Gapping up on strong earnings/guidance: MSTR +17% (also First Albany upgrade), SNDK +15% (up in sympathy: FLSH +3.6%, LEXR +2.2%), MSFT +2.1%, YELL +5.3% (also Deutsche upgrade), PMCS +3.3%, GILD +3%.... Other News: G +12% (to merge with PG), SYGR +25% (to begin paying large dividend), NTII +14.5% (gets FDA fast-track status for Viprinex), ISON +8.6% (hires former FAA executive and homeland security specialist as VP Govt Sales), PYX +4.7% (in sympathy with G), TASR +4.4% (continues 8% move yesterday), NGEN +4.4% (continues 6% move yesterday), ANDW +3.7% (continues 9% move yesterday), SIRI +2.5%, VRSN +2.5% (bounces after 13% drop yesterday), LSTR +2.4% (Baird upgrade).).
Hi Mike, what does your feeling tell you at the moment? Will we see the Nasdaq at 1900 or do we stay above 2000? (I have some investment ideas but don't want to be too early)
Thanks in advance! (and I know that I'm responsible for my own decisions ;-) )
Johannes
(p.s.: I'm blogging news on Chinese Internet and Hi-Tech companies. http://china-netinvestor.blogspot.com/ Just in case that you're looking for volatile stocks ;-) )