I shouldn't even be here today since it's expiration day. But this market is like a car wreck -- I can't look away. (I see that Kirk is tempted to break his 'avoid expiration' rule too.) I probably won't make any trades today but I'm going to hang around for a little while to see what develops.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
INTC -4.9%, ASEI -3.2%, WLDA -17%, CCL -1.8%.
Gapping Up
Gapping up on strong earnings/guidance: FL +8.4%, BRCD +8.3%, MRVL +6.3% (also Kaufman upgrade; up in sympathy: BRCM +2%), FMCN +4.6%, ANN +3.8%, DELL +3.5% (also upgrades from Citigroup and FBR)... Other News: AMD +8.9% (Dell to begin offering AMD chips in its Opteron server; also CIBC upgrade), MATK +6.8% (signs supply agreement), TIE +4.9% (chairman buys stock), CIEN +5.5% (Morgan Keegan says co may beat consensus, although guidance could be challenging), ESCL +5.5% (extends 50% move this week), Q +5.3% (Cramer bullish on name, calls it a textbook comeback story and analysts haven't caught on), TS +4.2% (bounces after recent weakness), NVAX +3.8% (co-develops novel medicine for female sexual desire disorder), RBAK +3.5% (strong pricing of secondary offering), NATI +3% (Bear Stearns upgrade), PEIX +3%, SHLD +2.7% (Mad Money mention), AMTD +2.6% (broker upgrade), KONG +2.3% (ThinkEquity upgrade), HANS +1.7%, NOK +1.5% (wins GSM expansion deal with Sichuan Unicom)... Under $3: SCLN +17%.
Disclaimer & How I use this list
