I see that BIDU is gapping up about 5% today. It's now back over $100 and I think that analysts (their underwriters) should start initiating coverage this week. I'm also shocked to see that there are plenty of shares of it to borrow/short. I'm going to be watching this puppy real close. We could either get a serious short squeeze from here or it could tank if those underwriters say the 'wrong' thing...
Potential swing trades:
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
MRH -10% (details Hurricane Katrina loss estimates), DHB -8% (extends recnt weakness), BDCO -4.3%, MOVI -4.2% (BB&T downgrade), NWAC -4% (in sympathy with Delta), OVTI -3% (files 10-Q; Jefferies says gross margin in FQ1 likely worse than previously indicated; reits Underperform), PTEN -3%, SYMC -2% (President of Symantec leaves company), LYG -1.7%, EBAY -1.1% (to buy Skype)... Under $3: DAL -15% (may file for bankruptcy this week - WSJ), GENR -14% (prices offering at $2.15/sh).
Gapping Up
SEBL +14% (to be acquired by ORCL), GTK +12% (receives expression of interest regarding potential acquisition), DOVP +11.5% (positive Phase 3 data), RVSN +11% (Mad Money mention), WPCS +11% (co projects record revs/earnings, healthy backlog), EGLE +10% (mentioned favorably by Wall St veteran in WSJ - also, EENC +5.2%), MNDO +9% (Skype sympathy play), ISIS +6% (expects to earn initial payments of nearly $4 mln), ACLS +6% (announces order), SINA +5.6% (Goldman upgrade), BIDU +5.2% (extends Friday's 15% rally), NTES +2.5% (Morgan Stanley starts with Overweight), LF +3.8%, ERTS +2% (Wedbush upgrade), GMAI +3.5% (reports Q4), C +1.4% (Pru upgrade), DELL +1.4% (positive Barron's article)... Under $3: AVNX +21% (Soleil reits $4 tgt), BIOM +12% (PRA Intl to assist Biomira with Phase 3 trial).
Intraday Updates:
- 09:41 NTGR's on fire after getting a $29 price target from Hambrecht today
- 09:44 ADBE and NTSE are showing strength early
- 09:49 AMGN, ERTS, SNDA and SOHU aall have my attention after popping up on Trade-Ideas
- 09:59 Adding AQNT and SGTL to the watchlist. Let's see if any of these pullback...
- 10:04 CELG is surging
- 10:09 Nice follow-through (so far) on AMTD today
- 10:17 I think this pullback in the indices may not be buyable. The A/D line is still negative so I may wait until the 10:00 high is broken before buying anything.
- 10:28 Wow, REDF is up 15%
- 10:31 I'm seeing some decent looking long setups but I don't like the general market tone. Dow, S&P and the SOX are negative and that A/D is still negative as well. So I wait...
- 11:25 Well the tone's gotten a little bit better but I still don't trust it. I did pick up a few longs though...
- 11:49 ANSI's catching fire
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