Thanks to everybody who posted broker recommendations / comments. (It's good to have a lot of comments for a change. I guess I need to start asking more questions.) It's been very helpful, especially all the little detailed stuff that I wouldn't necessarily figure out my doing quick trial runs. The most surprising thing to me was the fervent support of ThinkorSwim. They were totally off my radar but I think I'm going to park my long term accounts with them. I'm gonna decide on my day trading broker in the next couple of days. Hopefully I'll have everything transferred and ready to go for the start of the new year.
As for the markets, somehow the indices managed to avoid breaking the December lows despite Friday's ugliness. But the bears are back at it today. Those December 4th lows will be important...
On Today's Calendar:
- nada
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to weak earnings/guidance: IR -6.8% (also plans to acquire TT for approx $47.81/share), KBR -4.9%, ITW -4.3%, SIMO -1.9%... Other news: PPHM -45.7% (Defense threat reduction agency halts contract negotiations with the co as it suffers $100 mln cut), HSOA -19.0% (notes in 8-K that previously issued financial statements for first two quarters of 2007 should not be relied upon), ESLT -5.5% (announces that Skylark II was selected by Korean military), OUTD -4.8% (CFO resigns), ERIC -3.3% (still checking), RTP -3.7% (to invest in Australian coal mine possibly to fight off an unwanted approach from rival BHP Billiton - Reuters), NOV -3.1% (acquiring GRP, expected to be accretive to earnings and cash flow in Y08), ADY -2.9% (shares could fall even further in the coming months - Barron's), ALU -2.7% (still checking), BHP -2.2% (RTP invests in Austrailian coal mine to fight off an unwanted approach from BHP), MT -2.1% (announces it has terminated its agreement with E2 Acquisition for the sale of ArcelorMittal USA's Sparrows Point), DAI -1.5% (to introduce its Smart car in the U.S. - FT), GSK -1.0% (FDA seeks more information on cervical cancer vaccine - FT)... Analyst downgrades: PCLN -3.1% (downgraded to Hold at Citigroup), COF -2.5% (downgraded to Sell at Citigroup), CAT -2.3% (downgraded to Underweight at Morgan Stanley), UBS -2.0% (downgraded to Sector Perform at CIBC), CFC -1.5% (downgraded to Hold at Citigroup), SYMC -1.4% (downgraded to Neutral at Cowen), PNC -1.2% (downgraded to Hold at Citigroup), CMA -1.2% (downgraded to Sell at Citigroup), SBUX -1.2% (downgraded to at ), USB -1.2% (downgraded to Sell at Citigroup), WB -1.0% (downgraded to Hold at Citigroup), WFC -1.0% (downgraded to Hold at Citigroup).
Gapping Up
In reaction to strong earnings/guidance: KONG +11.6%, EMKR +6.3%, HUM +2.0% (reaffirms Y07 estimates)... M&A news: GRP +18.0% (to be acquired by NOV for $58/share), TT +19.6% (IR to acquire TT for approx $47.81/share)... Other news: CYTX +11.3% (reported positive results in potential new approach in reconstructive surgery), LDK +11.3% (announces conclusion of investigation for reporting Q307 results), FRPT +7.3% (long-term needs lessen, but vehicles still sought - USA Today), NVAX +5.0% (announces favorable results from preclinical studies of influenza virus-like particle vaccine), TWB +4.7% (SAC Capital discloses 5.3% stake in SC 13D), MPG +4.1% (Maguire Properties' Chairman plans to bid for company - WSJ), GHDX +3.8% (announces positive results from Oncotype DX study), IRBT +3.5% (cancels Robotic FX contract - Boston Globe), RMBS +3.5% (licenses XDR memory architecture for HDTV chipset), KOSN +3.4% (shows 55% clinical benefit in patients with trastuzumab-refractory metastatic breast cancer ), ULBI +2.8% (awarded $62 mln order), TSL +2.4% (still checking), NILE +2.3% (Cramer makes positive comments on MadMoney), HST +2.0% (announces quarterly and special dividend on common stock), AUXL +1.7% (completes enrollment in 2 Phase III Trials of Xiaflex), STBA +1.6% (announces the signing of a definitive merger agreement IRW), LCAV +1.5% (mentioned positively in The Trader - Barron's), MBI +1.4% (Moody's affirms AAA rating for MBIA Insurance and changes outlook to negative pending capital plan implementation), ELY +1.3% (ELY and TaylorMade Golf reach patent settlement), JCP +1.1% (mentioned positively in Barron's), CNTF +1.0% (announces contracts awarded by a Nigerian operator), FLEX +1.0% (Cramer makes positive comments on MadMoney)... Analyst upgrades: ABK +22.8% (upgraded to Outperform at Friedman Billings), DK +4.2% (upgraded to Buy at Citigroup), GSIC +2.7% (upgraded to Buy at Needham), HXL +1.6% (initiated with Buy at UBS), EEFT +1.4% (upgraded to Hold at Citigroup), TSO +1.3% (upgraded to Buy at Citigroup), AEO +1.1% (upgraded to Outperform at Bear Sterns), SVNT +1.1% (upgraded to Buy at Merrill), ADTN +1.0% (upgraded to Buy at Brean Murray).
Disclaimer & How I use this list
Please let us know what you find. We're all curious. It seems all brokerages have their warts and their advantages.
Will do.