Watchlist for November 29, 2005

I'd still rather play the short side but you know me -- I'll take whatever the market gives. There are a couple of price target increases that have my attention this morning. SanDisk (SNDK) got upped to a buy (from hold) at AmTech and they raised their price target to $70 from $50. Also, for the second day in a row Apple (AAPL) had a price target raised to the upper 70s -- 77 in this case, also AmTech. You know how I feel about AAPL right here so I'm much more interested in playing SNDK today given its recent slide.

I'll also be watching GOOG (and YHOO) today to see if I can snag a few points on the down side. :-o

Potential swing trades:

See one of the recent 'Chart Reading' posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

CPN -27% (top mgmt replaced; makes bankruptcy option more likely), BOSC -11% (reports Q3 results), CAU -10% (prices offering), VPHM -8% (announces offering), NVDA -5.4% (Deutsche downgrade and JMP Sec downgrade), KG -5.4%, ALOY -4.3%, DNDN -4% (stock offering), LVS -3.9% (JP Morgan downgrade), FCX -3.7% (says copper and gold production from its Indonesian mine is running below plan), GME -3.4% (guides lower), AFCE -3.2%, ESLR -2.6% (block trade being cited, crossed at $12.15), XTEX -2.6%, AHC -1.9% (Goldman Sachs downgrade), ASML -1.4% (Deutsche downgrade), NEM -1% (in sympathy with FCX).

Gapping Up

SCMR +14% (reports OctQ), ESRX +3.3% (guides higher), VOCLD +8% (1-for-13 reverse split beomes effective), OSUR +8% (Cramer mentions co' says NY Times article could have been big for OraSure if only it hadn't appeared in the Style section), BMD +8%, VYYO +8% (announces it will present at a conference), COSI +7%, DEPO +6.4% (enters into agreement for ProQuin XR in Europe; also BofA initiates with an $8 tgt), SYNM +6% (buys Nigeria oil field stake), RMBS +6% (Samsung admits role in Rambus price fixing - WSJ), NYNY +5% (favorable court ruling), TIII +5%, FORM +4.6% (Mad Money mention), ELRN +3% (receives FDA clearance), X +3% (JP Morgan adds to its Focus List with $77 tgt), WDC +2.8% (guides higher), AMTD +2.6% (Mad Money mention), ORCT +2.3%, STX +2.2% (in sympathy with WDC; also Goldman upgrade), SNDK +2.2% (AmTech upgrade), ITMN +2% (sells Infergen drug rights; Wachovia upgrade), SWN +1.8%, SIRI +1.7% (SG Cowen raises sub forecast), XMSR +1% (same)... Bird flu stocks are higher on China case: HEB +11%, GNBT +9%, NVAX +1.3%... Under $3: AXYX +16% (clinical data).

Intraday Updates:

09:33 SFUN is making an interesting pattern on the daily chart
09:36 SNDK got repelled by its 50-day moving average. I'll only try it if it can break though 53
09:38 AAPL falls under 70 again. I'm watching for a short in it now
09:45 Nice reversal for GME. Cramer must have done a 'mon back on it ;-)
10:01 You don't see X up 8% very often. I think *something* is up in the steel sector
10:04 Or maybe it's just X specific. From Briefing: "JP Morgan adds US Steel (X 42.49) to its Focus List and sets a $77 tgt based on a sum-of-the-parts analysis..."
10:41 Looks like it's gonna be one of those sideways days. I'm staying out until I see a clear trend -- other than sideways.
10:43 Then again, GOOG is making new lows. Hmm...
10:45 NDAQ is finally taking a hit
11:17 Just covered 1/2 my GOOG for ~7.5 point gain :-)
11:31 NWRE's getting hit. This one has a lot of air under it
2:24 Looks like the Dow and S&P are gonna join the Nasdaq in the red. Could get ugly real quick as people rush to protect profits