Looks like a pretty flat opening today. I'll be watching for a break of the opening range as my trigger to jump in.
On another note, Roger is so right about CNBC and their coverage of this Gradient / Biovail, independent analysis issue. I barely watch the channel and even I can't take it any more. What a waste of time and energy. Maybe some day they'll cover things that can actually make people money. (I'm starting to sound like Cramer...)
Roger's also on point about the stuff Charlie Gasparino's been covering since day 1 on CNBC. Somebody make it stop!
OK, back to the trading... :-)
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SGTL -10.4% (guides lower; also Wedbush downgrade), RECN -7.8% (reports FebQ; also downgrades from Baird and JMP Sec), SVI -5.4% (files 10-K), VDSI -4.7% (Morgan Keegan downgrade), FRO -2.9%, EAC -2.4% (prices offering), SANM -2.3% (Morgan Stanley downgrade), GOOG -1.9% (stock offering), KIM -1.5% (stock offering)... Under $3: BCON -13% (reports Q4), PFSW -9% (reports Q4), TVIA -5.3% (guides for MarQ revs).
Gapping Up
VPHM +12% (phase II maribavir results), ATYT +7.4% (reports FebQ), LMS +14% (guides higher), LNOP +11%, PCOP +10% (enters alliance with GSK), INTN +9% (extends recent momentum, up 100% in 6 weeks), RI +6.5% (reports FebQ), TIVO +6.4% (could reach $35 per share - Soleil), PPCO +5.9% (Mad Money mention), BIDU +5.8% (apparent wishful thinking that GOOG filing last night was to raise cash for an acquisition), ASMI +4.9% (extends recent move), DF +4.9% (to be added to S&P 500), PTEN +4.8% (reports Q4), NOK +4.4% (guides handset volume higher; up in sympathy: RFMD +5.7%, SWKS +4.1%, MOT +2%, TXN +1.6%, QCOM +1.2%), BK +4.2% (CNBC commentator says BK is close to selling about 300 of its branch banks to JPM), SWKS +4.1% (OpCo upgrade), WIRE +4% (Matrix upgrade), FHRX +4% (to be added to S&P SmallCap 600), MLM +2.9% (guides higher), FTGX +2.6% (reports Q4), CIEN +2.4% (Mad Money mention), CHAP +2.3% (tgt raised to $80 at Ferris Baker Watts), ENCY +2% (continues to bounce after recent sell-off), RMBS +1.5% (court rulings)... Gold/mining stocks are strong as gold prices reach new highs: TGB +10%, HMY +4.5%, HL +3.9%, SLW +3.6%, GG +2.9%, GSS +2.9%, BGO +2%, NEM +2%... Under $3: QEE +30% (announces $10 mln private placement from Newmont), HIV +21% (invests in Chinese joint venture), HEC +5.8%.
Disclaimer & How I use this list
