There are some good comments & questions on last week's position sizing post. My apologies for not responding to them sooner but I was out of town. I'll post my responses this evening.
Let's see if the indices can build on Friday's low volume rally this week. Here's my quick take on the S&P and Nasdaq :
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Adolor Corporation (ADLR) -52% (Phase 3 clinical data), Redback Networks Inc. (Nasdaq:RBAK) -8.5% (UBS downgrade), PETS -4.9% (mentioned negatively in Barron's Tech Trader), Swift Transportation Co. (SWFT) -4.2% (Merrill downgrade), NBIX -4% (FDA requests more info on sleep drug), Genesis Microchip Inc. (GNSS) -4% (Jefferies downgrade), CHCI -2.9%, LBIX -2.5%, ASEI -1.6% (Stephens downgrade), Under $3: PGWC -10% (negative Barron's article).
Gapping Up
Click Commerce, Inc. (CKCM) +25% (to be acquired by ITW), OXiGENE, Inc. (OXGN) +6.1% (extends last week's 15% move), IDWK +5.9% (to be acquired), ACGY +4.7% (wins Angola contract), QLogic Corp (QLGC) +3.7% (JP Morgan upgrade), ViroPharma Inc (VPHM) +3.6% (extends recent momentum, +25% in last 2 weeks), TPTH +3.4% (extends negotiations with BDX), DCTH +2.4%, RMBS +2.3% (AmTech initiates with $28 tgt), FORM +1.8% (moves up on IBD 100 list to #6), Apple Computer, Inc. (AAPL) +1% (AmTech raises tgt to $91), Under $3: VSGN +18% (positive clinical data for chronic heart failure), Genta Inc (GNTA) +6.3%.
Disclaimer & How I use this list
Congratulations on the impressive traffic comparisons through gongol’s research!
You absolutely deserve a spot on the top 20 websites in my opinion, as does Bill Cara, at the spectacular www.billcara.com.
Thanks Ron,
The trouble with all of these lists, even those from Forbes, Barron's etc. is that they're all just the opinions of one or two people. Depending on their style (fundamental vs. technical, trading vs. investing, etc.) the lists vary greatly.
Thanks Chris,
Those numbers are hard for me to believe. :-)