Potential swing trades:
Longs - None until August
Shorts - None until August
Potential day trades:
(From Briefing.com)
Gapping Down
IMH -13% (co says it will re-evaluate its dividend policy in Q3), MON -5.4% (reports MayQ), PETCE -3.4% (files 10-K, cites higher than expected costs in JulQ), GIS -3% (reports MayQ), SNDK -1.4% (in sympathy with SGTL)... Under $3: INNO -30% (guides FY05 below consensus), CDIC -20% (misses by $0.01, light on revs; Brean Murray downgrade).
Gapping Up
ORCL +5% (reports MayQ, raises guidance), SGTL +6.7% (guides lower, but was expected; seeing a short squeeze), AIG +4% (reports MarQ), PLUS +11% (reports Q4), CLWT +13%, SMSC +7.6% (reports MayQ, beats by $0.08), CPN +6.1% (to sell Oil & Gas properties for $1.05 bln), CRDN +6% (Needham upgrade), STEM +4% (added to Russell 3000), SPIR +3% (receives royalty payment), DSTI +3% (gets payment from NY Energy Authority), CME +2.6% (Jefferies & Co says if the co merged with the Chicago Board of Trade, stock could trade to $344), SIRI +2.2% (extends 7.4% move yesterday), STM +2% (CSFB upgrade)... Under $3: NTOP +24% (IDT to bid on remaining shares), WHRT +21% (late yesterday, co announced the first patient to be successfully weaned from the Novacor LVAS), CBMX +14% (announces co-development agreement with STM), CTIC +4.5%.
Intraday Updates:
- 09:46 RVI is doing well today. They own DSW, which IPOed a minute ago. DSW is trading at 24 after pricing at 19 (and it's a great place to buy shoes!)
- 10:00 CME is a beast! It just broke $300
- 10:17 TACT just popped about 10%
TM you have "none until august" for your longs and shorts, are you taking july off?? maybe we would like to forget about a month now and again, but ussually in hindsite :)
I usually don't swing trade during the heart of earnings & warnings season