Watchlist for June 6, 2005

(From Briefing.com)

Gapping Down (shorts)

TEVA -5.3% (gudies lower on court decision preventing sales of its generic version of extended release antibiotic Biaxin), ATYT -4% (guides lower; down in sympathy: NVDA -2%), SNDK -3.3% (Merrill downgrade), MU -3.5% (Merrill downgrade), CRXL -2.6%, BNL -2%, WM -1.6% (to buy Providian).

Gapping Up (longs)

ACXM +13% (confirms receipt of ValueAct Capital letter for acquisition), AMTD +3% (ET boosts bid for the co), ELOS +5% (co and Thermage resolve patent litigation), TRDO +4.3% (Wm Blair upgrade), NAPS +3.5%, CHRT +3.4% (announces a joint development program with NVLS), BOBJ +2.9% (announces availability of XI built for operational BI), EBAY +2.1% (positive Barron's article)... Recent momentum names are on the move: BDCO +17%, IIJI +4.1%, ABLE +2.7%, GEOI +2%, SOSA +4%... Under $3: PURW +16%, CNXT +11% (analog modem shipments surpass 750 mln).

Intraday Updates:

• 09:04 Looks like BOOM is jumping on news of a dividend declaration


• 09:32 USEG is strong out of the gate


• 09:34 NETL is strong too


• 09:40 Looks like today's the day to buy all the little energy plays -- CRZO just popped


• 09:47 TEVA may be setting up for a short entry


• 11:49 LTON's picking up steam after being pumped by Briefing as an Asia tech play


• 12:00 IIJI's rolling over :-o


• 12:26 ECST's catching a bid. May be related to the fact that SHOP is trading above EBAY's cash offer of $21


• 12:29 Briefing just posted this about ECST -- 12:28 ECST Ecost.com strength attributed to rumor that OSTK may make a bid for co (4.50 +0.63)


• 12:39 I was so busy looking for shorts I missed NGPS. It's on fire today -- up 13% right now


• 2:25 ROYL's running hard


• 2:34 MAMA's catching a bid

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