We're set for a slightly higher open tis morning. Trading may be a bit muted until after the Fed meeting minutes are released at 2 PM. (Why can't they just release them in the morning???) I may not do too much ahead of the release, unless, of course, my shorts start triggering...
Potential swing trades:
Shorts: ADM, ALKS, ALTR, AMLN, AMZN, ANDE, BJS, BRCD, CBE, CNX, CVTX, DAKT, DNR, EBAY, ECLP, ERICY, FLR, FLS, KLAC, MYOG, NDAQ, NEW, PD, SBAC, SSRI, STLD, SU, TS, VIP, VLO
Longs: None
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
CRME -30% (announces refusal to file decision from FDA), ADCT -14% (to merge with ANDW), CBST -7% (files convertible offering; Lazard downgrades to Sell), HOKU -6% (to enter solar module mkt; TWP downgrade), MIR -5.2% (makes bid for NRG), AMCC -4.7% (to investigate stock option practices), RMBS -3.4% (audit committee investigates stock option practices), APPB -2.6% (reports May comps), COST -1.3% (reports Q3 and May results).
Gapping Up
NRG +20% (MIR makes bid for NRG; up in sympathy: DYN +5.8%, RRI +2.3%), VSNT +18% (reports AprQ), ANDW +16% (to merge with ADCT), NPSP +7.2% (Soros fund announces 6.8% stake in co), ATYT +5.7% (RBC speculates on ATYT/AMD "marriage"), PWAV +5.1%, GFI +4.4% (Goldman upgrade), FFIV +4.3% (Citigroup upgrade), TS +4.2%, IFO +4.2% (announces 2-for-1 split), CRDN +4.1% (announces military contracts), CPST +3.9% (ships its first GSA order), BOW +3.9%, SMTC +3.2% (First Albany upgrade), SIRI +3%, TIE +2.8% (bounces after 7% drop yesterday), PGS +2.7%, ACGY +2.7%, CRXL +2.5% (announces bird flu clinical trial), VG +2.4% (Soleil upgrade), ENB +2.4% (Mad Money mention), RIMM +2.3% (JP Morgan upgrade), DCX +2.2%, PEIX +2.2% (momentum), ANDE +2.2% (same)... Under $3: IVAN +28% (Jefferies upgrade, firm says stock could ultimately represent $14.67 per share of present value).
Disclaimer & How I use this list
