I'm pretty sure I won't make any trades today due to it being expiration day. But there are a couple of stocks that I've got my eye on, like IIIN. I'm gonna see if they present any setups early in the day. If not, I'm gone...
Update @ 9:33 -- Well, I'm done for the day. I got off a short in IIIN in the pre-market at 49.68 and covered into the panic at 9:31:06 for a quick 4 1/2 points. Hardest day of work ever! :-)
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: AFFX -16% (also Deutsche downgrade), HTCH -15% (also multiple downgrades), FFIV -15%, FDRY -12%, SCST -12% (also multiple downgrades), HYSL -9.5% (also multiple downgrades), CREE -8.3% (also Needham downgrade), SAY -8.2%, MATR -6.4%, SYNA -6%, ZHNE -5.9%, RSH -5.8%, VRSN -5.3% (also Stifel downgrade), ERICY -5%, SNDK -4.5%, CERN -2.9%, F -2.4%, WPPGY -2.4%, BRCM -1.8%... Other News: VTSS -6.3% (cancels earning call), DELL -4% (Citigroup downgrade), AVCI -3.2% (profit taking after big move yesterday), NABI -2.9%, CPST -2.8%, HAWK -2.4% (to merge with KCS), EMC -1.5% (Bear STearns downgrade).
Gapping Up
Gapping up on strong earnings/guidance: GOOG +8.5% (also Merrill upgrade and several tgt increases; up in sympathy: BIDU +4%), SWIR +18% (also RBC upgrade; up in sympathy: NVTL +5.3%), SOLD +18% (guidance only), ACO +10%, SYK +7.5%, ACI +6.4%, IR +5.8%, RCL +4.7% (up in sympathy: CCL +2.9%), WYE +2.7%, BRCM +2.3%, MMM +2.1%, INFA +1.7%... Other News: ROHI +12% (bounces after 52% drop yesterday), TXU +9% (multiple upgrades following new co will build coal plants in Texas), KCS +7.2% (to merge with HAWK), TZOO +6.8% (momentum, short squeeze continues - stock up 85% in 3 days), RMBS +5.3% (says no verdict reached yet in Hynix case), REDF +4.3%, CHIC +4.3% (upgrades from Piper and Cowen), DESC +4.2%, TIE +3.1% (announces stock split), NOK +3% (OpCo upgrade), TS +3% (momentum), BSX +2.4% (JP Morgan upgrade), BJS +2.4%, SIFY +2%, RDS.A +2%, BLDP +2% (momentum - stock up 55% in April)... Mad Money mentions: EMKR +8.1%, STTS +4.8%, FSL +2.5%, SGMS +2.1%... Mining stocks rebound from yesterday's sell-off: RTP +3.4%, PAAS +3.3%, SSRI +2.8%, CDE +2.5%, AU +2.4%, BGO +2.2%, GLD +2.1%... Under $3: CBMX +9% (launches first microarray product), OTD +3.7%.
Disclaimer & How I use this list
