Watchlist for August 3, 2006

Here we go again, the last three opens, including today were gap down, gap up, gap down. It's action like that that makes me glad I don't hold anything overnight. Let's hope we get some resolution from tomorrow's jobs data.

I see Hansen is getting hit in the pre-market off of a downgrade. There may be hope for me yet in Howard's paired trade contest. I chose long Coke (KO) and short HANS. Hansen is looking like one of William O'Neil's textbook shorts -- broke the fiddy, rallied back and is now breaking under the fiddy anew...

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: COGT -26% (also downgrades from Morgan Stanley and Needham), ECLP -21%, LF -19% (also Citigroup downgrade to Sell), S -12%, SBUX -11.5% (also Thomas Weisel downgrade), TOPT -11.5%, MDT -10.2% (guides lower; also multiple downgrades), INSP -7%, ZEUS -6.2%, QDEL -6%, UL -4.4%, TFSM -4.1%, RIG -4%, POZN -3.6%, F -3.5%, THE -2.9%, PRU -2.3%... Retailers gapping down on disappointing July comps/guidance: ARO -6.4%, PSUN -4.8%, GYMB -4.2%... Hurricane/energy stocks give up yesterday's gain as Chris not likely to become hurricane: HSOA -2.7%, SI -2%, NBR -2%, CHK -2%, HAL -1.8%... Other news: HANS -8% (Citigroup downgrade), STJ -7.5% (in sympathy with MDT; also Pru downgrade), BSX -4.9% (in sympathy with MDT), RMBS -4.7% (WSJ runs article on FTC news from yesterday), HRLY -4.7% (profit taking after gap up late yesterday on takeover speculation), KOMG -2.8%, ZMH -2.7% (Wachovia downgrade to Underperform), AVCI -2.6% (profit taking after 7% move yesterday), ICI -2.4%, AKAM -2.2%, TIE -1.8%, SAP -1.8% (Cowen initiates at Underperform), GRMN -1.5%.

Gapping Up

Gapping up on strong earnings/guidance: CRYP +14.4%, SINA +14.3% (also upgrades from CE Unterberg and Brean Murray), FOXH +12.5% (also Wm Blair upgrade), HIHO +29% (light vol 1,200 shares), ACLS +4.8%, GLBL +4.7%, NT +2.9%, STKL +2.9%, PAAS +2.9%, CVS +2.4%, DCP +2.1%, PTEN +1.8%... Retailers gapping up on strong July comps/guidance: BEBE +5.4%, AEOS +3.8%... Other News: MROI +17% (to be acquired by IBM), ARWR +10.8% (announces research collaboration), VC +3.8%, IR +3.5% (raises dividend; accelerates share repurchase program), BDCO +2.2%, MEH +2.2%, NVDA +1.6% (ThinkEquity upgrade)