Watchlist for February 1, 2005

The market is testing yesterday's highs in pre-market trading so maybe we'll get some follow-through today... or not. ;-)


Currently holding:


Long - None

Short - None

Looking for swing trade entries in:

(I probably won't do any swing trading this week but here's what I'm watching)

Longs - None

Shorts - CYMI, INFY, IRF, LEA, SMH


Potential day trades:

(From Briefing.com)

Gapping Down

Gapping Down on disappointing earnings/guidance: ARBA -20%, VLTR -9.9%, CME -8.5%, AVNX -7.3%, ATRS -5.6%, ISSX -5.1%, INFS -4.1%, TYC -3.9%, RCL -3.8%.... Other News: DSCO -17% (FDA letter delays approval and launch of Surfaxin; also Harris Nesbitt downgrade), STEM -11.4% (FDA informs STEM it has questions regarding trial).

Gapping Up

EVOL +17% (co's Mediation Central network chosen by Verizon), CTMI +11.5% (reports DecQ; Piper upgrade), AGI +9.2% (reports DecQ), CRIS +7.2% (to co-develop cancer drug with Genentech), VLO +3.8% (reports Q4), BMRN +3.5% (MPS VI drug likely to be approved by May 31 -- Hibernia), SWIR +2.5% (co and Nokia test high-speed downlink packet access products)... Under $3: ICOR +22% (signs deal with DuPont), LOUD +7.8% (names CEO).


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Quoted

"When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stock on a scale down, I buy on a scale up." ~ Jesse Livermore
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This page contains a single entry by Michael published on February 1, 2005 8:13 AM.

Short Term Downtrend is Broken was the previous entry in this blog.

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