Watchlist for October 18, 2005

(From Briefing.com)

Gapping Down

Gapping down on disappointing earnings/guidance: ASD -12%, NVLS -9.2% (also multiple downgrades), OPEN -6.2%, MDC -5.5%, BTU -3%, ADTN -2%.... Other News: CHTT -7.6%, CPN -6.4% (brings in team of bankruptcy experts - NY Post), ISON -5.4% (profit taking after 43% move yesterday), KOSN -4% (prostate cancer trial discontinued), FRO -3%, WIND -2.7%, RDS.A -2.7%, TIBX -2.6% (CFO resigns), AZN -2.6% (Ranbaxy Labs has applied to copy AZN's Nexium ulcer drug), OSIP -1.6% (Tarceva news), ERICY -1.5%, GDT -1.5%.... Oil & gas stock are weak as hurricane tracks away from Gulf: FUEL -7.2%, USEY -5.8%, NGS -5.5%, NGAS -3.3%, CHK -2.5%, BDCO -2.4%, BP -2.3%, VLO -1.4%, SWN -1.1%.

Gapping Up

Gapping up on strong earnings/guidance: IBM +2.4%, CDWC +5.3%, RMBS +4.7%, GENZ +2.4%, MMM +1.5%, MER +1.4%, UTX +1.4%, FCX +1.4%... Other News: SNUS +27% (announces licensing deal with Schering), GGC +7.4% (Mad Money mention), LMS +5.5%, TZOO +4.2% (higher ahead of today's earnings report), PANC +3.5% (started with an Outperform at Leerink Swann), NABI +3% (started with Buy at BofA with $18 tgt), ENTG +2.2%, CVH +1.9% (stock begins trading post 3-for-2 split)... Bird flu stocks are strong again: HEB +3.7%, BCRX +1.7%... Under $3: CGTK +6% (positive clinical data).

Intraday Updates:

• 10:12 IFIN is strong today on the back of a $42 price target from Prudential. But the 50 DMA is just above


• 10:18 PNRA's trying to hang on to its gap and hold above its 200-day moving average.


• 10:41 No love for CDWC today. It went from being up 5% in the pre-market to down 5% now. It's bouncing off of the June lows... may be too late to short it


• 11:15 The tone's improving with oil near the lows of the day. The A/D line is a lot less negative than an hour ago


• 11:25 Nasdaq's one point away from its 200 DMA.

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