This should be another interesting session. We've got some selling pressure this morning and Friday's huge gaps are sitting there begging to be filled. I just wonder if the "new rules" we have will prevent folks from helping the gap fill along. Interesting times...
P.S. Isn't this a great logo for a site, especially a site run by an *evil* short-seller? :
On Today's Calendar:
- nothing
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. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to disappointing earnings/guidance: GDI -3.9% (light volume)... Select financial related stocks under pressure: BCS -8.7% (downgraded to Underweight at JPMorgan), RDN -7.7%, UBS -7.0%, WB -5.1% (downgraded to Hold at Stifel Nicolaus), MBI -4.9% (has sufficient cash and government securities to meet all potential GIC termination payment requirements in the event of downgrade), LYG -4.5% (downgraded to Underweight at JPMorgan), ABK -4.4% (comments on impact of potential ratings action by Moody's), BAC -3.9%, MER -3.7%, JPM -3.7%, WFC -2.0% (Cramer makes bearish comments on MadMoney)... Analyst comments: NTAP -1.7% (downgraded to Market Perform at Wachovia).
Gapping Up
M&A news: SCUR +23.9% (agrees to be acquired by McAfee for $5.75/share)... Select metals/mining names showing strength with higher spot prices: KGC +5.2%, GFI +4.0%, GOLD +3.8%, SLV +3.5%, ABX +2.1%, BHP +2.0%... Other news: HOKU +20.4% (secures power for 4,000 metric tons of polysilicon production), MS +8.4% (Bloomberg reports Mitsubishi UFJ to buy up to 20% of MS; also will be reclassified as bank holding companies), MCO +6.5% (added to SEC list of stocks protected against short selling) APH +3.7% (will replace WEN in the S&P 500) BP +1.7% (still checking for anything specific)... Analyst comments: OTTR +2.5% (upgraded to Outperform at Baird), VSE +1.8% (upgraded to Hold at Citigroup).
Disclaimer & How I use this list
Hi Mike,
What are the rules that you use to create your universe of stocks? Thanks.
Nick.
Hi Mike - just wanted to say thanks for the plug - greatly appreciated. Once our species takes over your planet and subjugates your kind into slavery I will try to put a good word in for you.