11/10/2006

Few opportunities

A slow start to the market so far. Market should end on positive note by the end of the day. Some of the recent IPO's like EDU, EFUT, GEOY,etc. are finding a bid. The transport stocks, which have been laggards till now are also finding a bid. Currently it is limited to few stocks in that sector. Keep a close watch on that sector. If it breaks out, shorts will be running for cover and longs on sideline will be busy chasing the momentum.

One thing which continues to work is earning surprises. My scans today has a few stock with clearly earning driven action.

Long Watchlist/positions

ASGN,On Assignment Inc
DLB,Dolby Laboratories Inc
FSYS,Fuel Systems Solutions Inc
MEH,Midwest Express Holding
NYX,NYSE Group Inc
TGEN,Targeted Genetics Cp

Short Watchlist/positions
POT,Potash Cp Saskatchewan
RIMM,Research In Motion Ltd

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