Wednesday, March 28, 2007

My Trade Candidates for 3/29/07

Well we had a pretty decent pullback today on more than light volume. I'm not really trying to do broad market commentary because Brian (and some others) do such a good job at that. It would suffice to say that the market is mixed and in a risky stage at this point, so whatever you decide to do, be careful!

There are potential opportunities on both the long and short side of the market, and I have tried to provide a relatively short list of decent candidates. I also have quite a few others I'm watching, many of which have been included in recent posts. A handful I'm particularly interested in are: APAC, MAMA, FIRE, LMRA, and LWSN on the long side. I'm also keeping an eye on CROX, IDCC, NATI and NEWP on the short side (I'm currently short NEWP).

Finally, one of my favorites perked up recently and may be setting up for a quick trade: ISIS. However, if you consider trading this one be very, very careful - do you see all the gaps on the daily chart? That means it can surprise you - in either direction.

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