Wednesday, April 24, 2013

Fantastic week so far

Yesterday I felt like I was hitting on all cylinders,right up until we had the fake news release by AP. I was thrown off my game fore a few minutes as I got stopped out of a few positions on the sudden drop. While that was a bit frustrating, in the big picture  I am just thankful that it was a fake news release. I recovered quickly and got right back into the groove. I had several swings that I took some profits on yesterday and a few day trades that were also big winners but I missed the biggest winner of all which was frustrating for me. $SCON closed up on the day 130 plus percent I had nailed as a potential trade from premarket and never got in.
 $SCMP,$CADX were nice day trades and I still hold half of $CADX.
$ARC, $BIOL,$ASTX,$RVLT $VLTC and $GTAT were all swings that performed extremely well for me as I took profits in each.

Hopefully I can continue with that momentum today.

Morning movers and stocks on watch
$IDIX pr, $MRGE pr, $ZIXI pr, $CYTR,$OCLS pr , $ENPH 6 dolla roll, $ACAD 14 dolla crack, $AMBA,$ANAC, $CERS pr, $CIMT, $CALL, $MELA bottom bounce, $ACRX pr, $GLW pr ,$CADX,$BYD PR ,$PTIE PR

Seeking Alpha and Briefing.com are both lagging on my updates I will post them once I have them.
Briefing.com

Gapping down                                                                   
                                                                       

In reaction to disappointing earnings/guidance: VOCS -32.5% (also downgraded  
by multiple analysts), UIS -17.4%, EW -16.3% (also downgraded to Neutral from 
Buy at Lazard), ETH -13.7%, DV -8.9%, AWAY -8.1%, RES -7.8%, CREE -7.5%, HA   
-6.6% (light volume), PNRA -6.3% (also announced Co-CEO Bill Moreton to       
Transition to Executive Vice Chairman), JNPR -6.1%, VMW -6%, AMGN -6% (also   
downgraded to Neutral from Overweight at Piper Jaffray), PLCM -5.6%, HLIT     
-5.3%, JNY -4.4%, CG -3.9%, USNA -3.6%, (light volume), MSI -3.5%, (ticking   
lower), AAPL -3.4% ( raises buyback $50 bln to $60 bln; raises quarterly      
dividend 15%, downgraded at BMO), DEG -3.3%, (light volume), RFMD -3.1%, PG   
-2.5%, BCS -1.7%, T -1.5%, EMC -1.2%, GSK -0.6%, NSC -0.4%, NVS -0.4%.        

Other news: AFFY -11.7% (discloses it entered into a Consulting Engagement    
Agreement for restructuring support and related management services ), ARMH   
-3.3% and CSCO -1.3%, CIEN -1.1% (following JNPR/AAPL results), LYG -1.3%     
(Lloyds Banking planned sale of 630 UK bank branches has fell apart, according
to reports), VOD -0.8% and VZ -0.6% (following T results; also Vodafone PLC   
will not rely on cash from Verizon stake to pay dividend, according to        
reports), VRTX -0.6% (CFO sold ~745.7k shares and Corporate Controller sold   
~22.5k shares at ~$81.50 per share for total value of ~$62.6 mln )            

Analyst comments: IRWD -2.2% (downgraded to Underperform from Neutral at      
Wedbush, downgraded at Morgan Stanley), SBRA -1.8% (light volume, downgraded  
to Hold from Buy at Jefferies), NNN O -0.6% (downgraded to Neutral from       
Outperform at Robert W. Baird)                                                


                                                                              

Gapping up                                                                     
                                                                       

In reaction to strong earnings/guidance: IRBT +16.8%, LAD +8.6%, LL +7.4%,    
BRCM +5.1%, AFOP +5% (light volume), YUM +3.7%, ABX +3.5%, BA +2.7%, ABB      
+2.5%, WLP +2.4%, ZIXI +2.2%, GLW +2.1% (light volume), FTE +2%, ELN +1.8%, WM
+1.3% (light volume), ERIC +0.9% (light volume).                              
                                                                           

M&A related: BHI +2.2% (Baker Hughes recommends stockholders reject           
'Mini-Tender Offer' by TRC Capital), BMC +0.8% (lifting on reports of KKR and 
Bain potential separate bids).                                                 
     
Select financial related names showing strength: ING +1.4%, RBS +1%, HBC      
+0.9%, DB +0.7%, .                                                            
     
Metals/mining stocks trading higher: RIO +3.9%, BBL +2.6%, HMY +2.6%, MT      
+2.5%, GFI +2.4%, BHP +2.2%, GOLD +2.2%, GDX +1.7%, EGO +1.3%, VALE +1.2%, GLD
+0.5%.                                                                         
                                                                          

Other news: CRNT +8.6% (ticking higher, Ceragon wins $8 mln expansion orders  
from a leading Latin America operator), CLSN +5.7% (ticking higher, continued 
strength), ENZN +4.4% (Concludes Review of Possible Asset Sales, Sale of the  
Company; Announces $1.60 Special Dividend and Periodic Royalty Dividends), NVO
+3.1% (may be attributed to reports related to discovery agreement), FDX
++1.2(signs new seven-year $10.5 bln express air transportation agreement with U.S.
Postal Service, Hearing positive mention at JPMorgan following USPS contract  
win), SPNC +0% (announces 4.75 mln share common stock offering), GOOD +0%     
(Announces Common Stock Offering; terms not disclosed).                       





Today's Upgrades:
CompanyTickerBrokerage Firm
CoachCOHCredit Agricole
Braskem SABAKJP Morgan
CIT GroupCITOppenheimer
Ryder SystemRWells Fargo
eBayEBAYWells Fargo
Baker HughesBHICredit Suisse
Braskem SABAKCitigroup
HalliburtonHALSociete Generale
Deutsche PostDPSGYJP Morgan
Ares CapitalARCCJP Morgan
Today's Downgrades:
CompanyTickerBrokerage Firm
VocusVOCSStifel
Community BankCBUBoenning & Scattergood
Freeport-McMoRanFCXArgus
Ironwood PharmaIRWDWedbush
VocusVOCSRaymond James
Ironwood PharmaIRWDMorgan Stanley
Edwards LifesciencesEWLazard
AT&TTCitigroup
Associated British FoodsASBFYSociete Generale
AT&TTMorgan Stanley
Sabra Healthcare REITSBRAJefferies
Discover Financial ServicesDFSJefferies
AmgenAMGNPiper Jaffray
VentasVTRJefferies
TheravanceTHRXBernstein
VocusVOCSFBR Capital
Flushing FinFFICFBR Capital
Good luck trading today !!

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