It was one of those days yesterday -- the one short I had actually went up and most of the shorts on the list didn't even trigger despite the weakness in the indices. Luckily my longs hung in there pretty well and two of them were actually up on the day. My scans didn't turn up much for today, and since today is options expiration I'm just going to skip the swing picks for today.
Elsewhere in the world: There was some interesting news out yesterday about Citigroup eliminating its stock technical analysis group. (Yikes!) They say that they want to focus on fundamental analysis, which makes sense if they're long-term investors and not traders. Also, here's another internet media company acquisition -- The New York Times Company Acquires About.com for $410 Million. (Both stories stolen borrowed from MaoXian)
Currently holding:
Long - AEOS, BSTE, MERQ, PARL
Short - None
Looking for swing trade entries in:
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: NTGR -9.6%, ADIC -9.3% (also Bear Stearns downgrade), RAE -7%, ISNS -7%, INTU -1.9%, Other News: NTEC -7.6% (prices offering at $4/sh), DSCO -5.2% (stock offering), LGF -3.7% (announces convertible offering), CTIC -2.5% (profit taking from 12% move yesterday), BBY -1.1% (Goldman downgrade).
Gapping Up
Gapping up on strong earnings/guidance: CRM +10.7%, NVDA +8.5%, AEIS +10.3% (also CIBC upgrade), AKAM +10%, CRYP +8.6%, TOPT +7.6%, VCLK +7.1%, MDRX +6.5%, PCLN +5.3%.... Other News: TIVO +10.8% (reaches 3 mln subs), PRM +8.6% (co's about.com to be sold to NYT), PKZ +6.6% (CIBC says co could have nearly $10/sh in cash by year-end), MAY +5.5% (FD resumes its takeover talks with May - WSJ), GRU +5.5%, SIGM +5% (started with an Outperform at Baird; tgt $20), MCIP +4.3% (Qwest plans revised offer for MCIP), MRK +3.8% (may return Vioxx to market), SINA +3.7%, FWHT +3.5% (London's The Sun newspaper chooses co's espotting.com over Google for paid listings - Forbes), TZOO +2.9%, SNIC +2.7% (added to JP Morgan's Focus List; tgt $21)... Under $3: SYNC +12.3% (posts largest non-GAAP profit in over 5 yrs).
