Dull market might be a trap
The market is just churning. There is no follow through on both long and short side. There is nothing much to do but wait till the direction becomes clear.
Here is the 3.00pm idea bin.
Long ideas bin
ATML,Atmel Corp
BKD,Brookdale Senior Living Inc
BKE,Buckle Inc
CDIC,Cardiodynamics Intl Corp
CPA,Copa Holdings S.A.
CPII,CPI International Inc
CRVL,Corvel Corp
CSLR,Consulier Engineering
CTLM,Centillium Communication
DLB,Dolby Laboratories Inc
EVCI,Evci Career Colleges Inc
EXAS,Exact Sciences
IG,Igi Inc
LEAP,Leap Wireless International Inc
MCF,Contango Oil & Gas
MEH,Midwest Express Holding
NEST,Nestor Inc
NMGC,NeoMagic Corp
ONSM,Onstream Media
PGLA,Progen Industries Ltd
SBS,Companhia De Saneamento B
SCLD,Steelcloud Inc
SFLK,Saflink Corp
SOFO,Sonic Foundry Inc
TMNG,Management Network Group
TS,Tenaris Sa
UAUA,UAL Corp
WRSP,WorldSpace Inc
XNL,Xethanol Corp
Short Ideas bin
No change
Here is the 3.00pm idea bin.
Long ideas bin
ATML,Atmel Corp
BKD,Brookdale Senior Living Inc
BKE,Buckle Inc
CDIC,Cardiodynamics Intl Corp
CPA,Copa Holdings S.A.
CPII,CPI International Inc
CRVL,Corvel Corp
CSLR,Consulier Engineering
CTLM,Centillium Communication
DLB,Dolby Laboratories Inc
EVCI,Evci Career Colleges Inc
EXAS,Exact Sciences
IG,Igi Inc
LEAP,Leap Wireless International Inc
MCF,Contango Oil & Gas
MEH,Midwest Express Holding
NEST,Nestor Inc
NMGC,NeoMagic Corp
ONSM,Onstream Media
PGLA,Progen Industries Ltd
SBS,Companhia De Saneamento B
SCLD,Steelcloud Inc
SFLK,Saflink Corp
SOFO,Sonic Foundry Inc
TMNG,Management Network Group
TS,Tenaris Sa
UAUA,UAL Corp
WRSP,WorldSpace Inc
XNL,Xethanol Corp
Short Ideas bin
No change
Posts
22 comments:
It looks like the bears are losing force. They were not able to push market lower even with inflationary oil news today. This, even after yesterday's Fedspeak on inflation watch, should have aggrevated bears if they were here to stay. Just another dip.
I am neither permabull nor bear. It just looks to me like there is more upside in the short term.
did POZN come up as short idea because of recent price change or because of some change in underlying fundamentals (e.g., bad earnings numbers, etc)
At this stage all these are candidates. I will run my second prgramme end of day to narrow it down.
The reason POZN came is probably looking at price growth from last significant breakout in addition to the volume and price action. I think it is up around 200% since then. So mean reversion is possible. That is the kind of logic goes in to picking candidates. The logic is for best bang for your buck you should pick shorts closer to the top of the range.
I don't know. I was long POZN at 15.46 this afternoon.
gotcha... f - all comes down to time horizon
SIM is also showing up now on short scans for same reason. Up around 350% plus since significant breakout.
will check it out
Do institutions like those round numbers? Is that the assumption?
No.
The logic is based on datamining last 40 years of data to see what characteristics lead to upside or downside price growth.
GG bounced off of MA200, time to go long?
CPS breakout above resistance today on ok volume
FMCN - breakout failure?
FMCN- Some stocks are just very difficult to trade. This one is one of them. It trades all over the place. It being a ADR also contributes to its volatility.
ADR?
PNRA looks ready to fall off of cliff
QID looks great long
adr=american depository receipt
foreign companies listed on US exchanges
example: Nintendo (Japanese) symbol is NTDOY
ADR- American Depositoy Receipt
FNCN is chinese stock. It trades on both exchange, so lot of arbitrage between the two exchange. Hence very volatile.
You have to be extremely careful shorting these ADR as they gap up and dowwn all over the place based on some action in their native coutries overnight.
thanks!
dow transports been behaving badly, BNI also looks like good short
AKAM may be done, new high, gap up on crappy volume, neg divergences, etc
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