I've got my eyes on a few potential shorts for day trades today. At the top of my list are MNST and AAPL. (I hate to 'root' against one of my long term holdings but Apple looks vulnerable, especially given the iPod supply worries.)
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
COO -12.8% (lowers Q4 rev guidance); AUDC -6.4% (Citigroup downgrades to Hold); BOT -5.3% (BoA initiates with a Sell); ATYT -3.4% (chairman resigns); ATVI -3.4% (CIBC initiates co with sector perform; Bear Stearns downgrades to Peer Perform); MNST -3.2% (Citigroup downgrades to Hold); YHOO -1.7% (downgrade at Susquehanna).
Gapping Up
CAMT +9.3% (reports Q3 results)... TECD +7.7% (beats by $0.01, guides Q1 EPS in line, revs below consensus, announces $200 mln buyback)... PPHM +7.0% (announces it has entered into a manufacturing agreement with the Sidney Kimmel Cancer Center)... FRED +6.7% (beats by a penny, ex items)... BCSI +3.7% (upgraded at Raymond James)... CNTF +3.4% (tgt raised at Kaufman Bros)... AKAM +2.5% (upgraded at Prudential)... MU +2.0% (upgraded at Merrill)... HNZ +1.5% (reports earnings, guides)... UN +1.4% (reports of closure of ports on Mexico's Gulf Coast)... DG +1.2% (beats by $0.01).
Intraday Updates:
- 09:36 CKCM's getting hit on news of an acquisition. No shares for me to borrow though. :-(
- 10:00 1250 is supposedly an important level (1245 looks more important to me) on the S&P. It's just a point away now.
- 10:26 Hmmm, OSTK is rolling over. It just broke $40. I've gotta watch this for a setup to go short
- 10:31 Looks like the Nasdaq's not gonna cooperate with my evil plans to go short today. May be that dull market effect
- 11:08 CMED seems ripe to tank. Maybe $40 will be the magic number...
- 11:35 Time for ISRG to take a break???
Disclaimer & How I use this list
Good call on CMED, sorry I missed that one.
I try that on Google and get burned every time. Yesterday I was sure it was done at $417 but the darn thing turned around at $415.50 and I finally gave up before the close because I couldn't bear the pain of a possible gap up.
I assume you use livequotes too, what do you really look for or is Google just a bad stock to try to play?
Phil,
I'm probably not the right person to comment on GOOG as a short since I'm long it in my long term account. The major differences I see between CMED and GOOG is that CMED's ascent was a lot steeper & it ran on no news. With GOOG you're fighting major news flow and analyst chatter. It's probably due for a dip but tops are hard to pick.
I don't think I have livequotes, just plain old eSignal