Watchlist for June 21, 2005
By Michael on Jun 21, 2005 in Watchlists
Hmm, is that a cup & handle I see on the Nasdaq chart? And the breakout/pivot point is right at the 2100 resistance level. That’s definitely an area to keep an eye on…
Potential swing trades:
Longs - CECO
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down (potential shorts)
Gapping down on lowered guidance: NUE -3.3%, MERX -5.4% (down in sympathy: TTMI -3.2%), HOTT -5%… Other News: INMD -5.2%, SPNC -5%, NWAC -3.3%, BMET -3.2% (RBC downgrade), ALVR -3% (names new C.E.O.), MYGN -3%, CNET -3% (Needham downgrade), RRGB -1.7% (KeyBanc downgrade).
Gapping Up (potential longs)
BAMM +16% (announces Dutch auction), KR +6.2% (reports AprQ, beats by $0.05), MYG +5% (WSJ says other firms may be interested in bidding for MYG), UCL +4% (CEO to make Unocal offer - FT), LEN +4% (reports MayQ, beats by $0.24), COGN +2.9% (Smith Barney upgrade), GPRO +2.9% (Baird upgrade), CELG +2.9% (FDA grants priority review for Revlimid), WYNN +2.5% (started with a Buy at Jefferies; tgt $68.50), EXTR +9.5%, CYTO +10% (clinical data), VPHM +5% (extends 250% move since May 1), VCLK +4% (ups Y05 outlook), IIJI +4% (retains recent volatility), PMCS +4% (Lehman upgrade), FDS +2.3% (reports in-line MayQ), TWX +1.3% (Mad Money mention)… Under $3: GNSC +21% (to be acquired by Clinical Data), GLGS +8%.
Intraday Updates:
- 09:38 BLUD is showing strength early.
- 09:41 Watching OSTK and CRM.
- 10:03 Watching this IPO, NRGP. which is in the propane supply business
- 10:22 SNDA is surging
- 2:11 OTIV being picked up as a sympathy play to CTTY
Disclaimer & How I use this list
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7 Comment(s)
By chud on Jun 21, 2005 | Reply
You know what happened with DSTI? Trading halted?
By Michael on Jun 21, 2005 | Reply
10:33 DSTI DayStar Technologies announces redemption of Class A Public Warrants (16.18 +0.76)
Co announces that it will redeem its outstanding Class A public warrants. The deadline for Class A public warrant holders convert to common stock before the warrant is redeemed by DSTI is Aug 8, 2005. Failure to exercise the right to convert the Class A public warrant to a common share at $6.00 will allow DSTI to redeem the Class A public warrant at $0.25/warrant. There have been 2,757,492 Class A public warrants issued in conjunction with DSTI’s IPO and a subsequent financing. Since May 2005, 1,162,527 Class A public warrants have converted to common stock and the co has received $6,975,162 in proceeds from this conversion. If the remaining 1,594,965 Class A public warrants convert to common stock the co could receive an additional $9,569,790 in proceeds. (See Briefing.com’s June 15 interview with DSTI’s CEO for more color… Stock is halted.)
By chud on Jun 21, 2005 | Reply
Anybody playing with CTTY? Wow.
By chud on Jun 21, 2005 | Reply
Thanks for the DSTI info. Looks like it just opened back up.
By Josh Weinstein on Jun 21, 2005 | Reply
Chud,
I’ve been watching CTTY for a couple months now, but never pulled the trigger on it. When I saw it up about 50% really early on just a new client announcement, I thought it was already gone! But up over 300%, give me a break! There must be some inside news like a takeover or something! I already tried shorting w/ multiple brokers and can’t with either one.
By E2E2 on Jun 21, 2005 | Reply
Is it advisable to get into CTTY at this point of time ? MIke, btw,can you pls let me know how do you derive the % eg:for June21st, BAMM will gap up 16%, KR + 6.2 % .. etc at the time of your posting ?
By Michael on Jun 21, 2005 | Reply
Those percentages are from Briefing.com. They just look at where the stocks are trading in the pre-market