Not surprisingly, given yesterday's action, there were a lot of shooting stars made yesterday. Be careful out there...
Looking for swing trade entries in:
Longs - none
Shorts - ACXM, AIG, APPX, NSS, RIO, SRNA, TDW
Potential day trades:
(From Briefing.com)
Gapping Down (shorts)
ELN -20% (notifies FDA of a fourth patient contracting PML -- Boston Globe; also BIIB -4.7%), ITRI -8.5% (provides guidance; First Albany downgrade), GPS -6.3% (May same store sales), GGC -5.7% (guides Q2 below consensus), INTV -5.6% (gudies MayQ revs lower), CTXS -3.5% (to acquire privately held NetScaler), VOD -2.6%, VSEA -2.3% (Lehman downgrade), STLD -1.9% (guides lower), CEPH -1.7% (announces $800 mln convertible debt offering).
Gapping Up (longs)
Gapping up on strong May same store data/guiding higher: BEBE +11%, WTSLA +10%, ANF +4.3%.... Other News: SHOP +19% (to be acquired by eBay; up in sympathy: ECST +8%), STK +18% (to be acquired by SUNW +2.6%), GMST +14% (settles litigation with SFA), ANDS +18% (signs deal with NVS), IBOC +9.5%, SIRF +6.1% (buys MOT's G.P.S. chipsets), INCX +4% (to power searches for 8 additional newspapers), ENTU +4% (says it now secures one of Canada's most powerful computing labs), JOYG +4% (decides not to proceed with convertible offering), DUK +3.5% (files merger application in Ohio), FRO +3.5%, DIOD +2.8%, JTX +2.6% (reports AprQ; raises dividend).... Under $3: AVNX +17% (Soleil initiates with a Buy), CRAYE +14% (will not be delisted), CIEN +7% (reports AprQ).
Intraday Updates:
- 09:47 CTRN is interesting here. recent IPO, reported earnings last night. trading at an all-time high today...
- 09:57 watching FSTC, another of those beaten down internets
- 12:18 PACT just caught a bid on some CRM news. May be worth watching
- 12:51 IIJI's catching fire again
- 1:51 IDCC getting slammed.
Trader Mike-
As always great work on your site. NSI is acting pretty well today. Looks like a breakout on good volume after some sideways action. DCAI has a nice tone to it as well. We love your technical analysis on the charts.
Gekko and Foxx
Thanks Gordon. You're doing a great job on your site too.
Mike, hope you're doing better on the day trades today than I am. Stopped out of dummy trades on BEBE and SHLD so far. BIIB not looking too hot either.