The internet search-related stocks are having a tough morning due to downgrades of Yahoo! and Google and FWHT's earnings. I would probably try to short GRU today if I could find any shares to borrow.
The Dow and S&P were able to climb back above their 50-day moving averages yesterday but it looks like those levels will be tested early today.
Currently holding:
Long - PARL
Short - ASKJ
Looking for swing trade entries in:
Longs - AC, ACE, ADBE, AGP, AIG, BKS, BYD, CCK, FLR, INFY, MFLX, STZ
Shorts - AL, TZOO
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance:
FWHT -23% (also multiple downgrades; down in sympathy: ASKJ -6.7%, GRU -6.4%, GOOG -5.8% (also RBC downgrade), INCX -5.4%, YHOO -5.4% (also
RBC downgrade), TZOO -3.7%, MAMA -2.4%, VCLK -4.2%), PRX -8.7%, DYN
-6.9%, ALTI -3.3%, SGMS -2.7%.Gapping Up
Gapping up on strong earnings/guidance: DECK +9.3%, APPB +5%, PRST +8.9%, SERO +3.4%, ESLR +2.9%.... Other News: TIVO +8.7% (continues yesterday's 18% move on takeover speculation), IRIX +7.1% (clinical data), SOSA +5%, BOBJ +3.2%, AV +3.1% (completes credit facility; reduces debt), SYMC +3% (co and CSC to offer managed security services).... Under $3: MCEL +52% (to Power Laptop with Hydrogen Energy System at Intel Developer Forum).
I posted DECK on my site last night also EDO, SFCC and DNR all of which beat estimates.