Watchlist for October 2, 2007

See one of the recent 'Chart Reading' posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

On weak earnings/guidance: EFJI -22.8%, DF -8.7% PALM -4.1%... Gold stocks trading lower with lower spot gold prices on a rise in the dollar: HMY -5.6%, HL -5%, GOLD -4%, CDE -3.9%, GG -3.7%, GFI -3.6%, AZK -3.1... Other news: TD -5.1% (acquires Commerce Bancorp in cash and stock deal), TARR -3.8% (announces reinstatement of $79.6 mln of Fannie Mae Loans), CRNT -3.7% (announces a 6 mln share common stock follow on offering), BRLC -3.2% (Downgraded to NEUTRAL at Robert W. Baird).

Gapping Up

Gapping up on M&A-related news: VIAC +50.9% (to be acquired by PKI for $7.25/share; stem-cell names STEM +4.7%, ASTM +4.2%, GERN +2.2% trading higher in sympathy, but on light volume), PDLI +7.2% (co to actively seek sale of entire company or its key assets), CBH +2.0% (to be acquired by TD in stock and cash deal totalling ~$42 per CBH share)... China stocks are seeing continued strength with a broad-based rally in Hong Kong overnight (Hang Seng closed +3.9% and H-shares +5.6%): JRJC +8.0%, LFC +6.2%, BIDU +3.1% (initiated with an Overweight at J.P Morgan), CHL +3.0%, FXI +2.9%, CHU +2.7%, CPSL +1.5%... Other news: LUM +26.5% (co discloses it has repaid all warehouse lines of credit that were used to finance whole loan purchases), PKX +6.4% (traded higher in South Korea after positive broker report sent South Korea's third-largest steelmaker, Dongkuk Steel Mill, shares up by 14% - Bloomberg.com), UBS +3.8% (upgraded at JP Morgan and Morgan Stanley), MVSN +3.2% (discloses it settled lawsuit with MOT), SYMC +2.6% (Jon Najarian on CNBC highlights heavy call buying in SYMC), NBL +2.1% (NBL will replace ASN in the S&P 500), GRMN +1.9% (recovering slightly after yesterday's -10% move).

Disclaimer & How I use this list