Stocks quoted in this article:
Stock trading has been open for almost an hour and a half, but it appears that neither the bulls nor the bears are looking to make a push. I would admit to being surprised if the indices did much today. (Though it would be welcome surprise as it would give me something to talk about!)
There are some stocks moving. TZOO is up nearly 20 percent to a new all-time high. I discussed this stock last month, but it fell off my radar screen. Short interest is relatively high and according to Zacks, none of the three analysts who rank the stock give it a "buy" rating. The news noted earlier on MRK has the stock trading down seven percent to a new annual low.
| Index |
Index Value |
Point Change |
Percent Change |
| S&P 500 (SPX) |
1129.3 |
-0.9 points |
-0.08 percent |
| Dow Jones Industrial Average (DJIA) |
10021.6 |
-6 points |
-0.1 percent |
| Nasdaq Composite (COMP) |
1974.5 |
-0.5 points |
-0.03 percent |
| Russell 2000 (RUT) |
583.5 |
-0.3 points |
-0.05 percent |
| CBOE Market Volatility Index (VXO) |
16.9 |
0.30 points |
1.8 percent |
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Stocks quoted in this article:
As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on yesterday's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.
| Company |
Yesterday's
Gain |
Percent of Float
Sold Short |
Yesterday's
Close |
Today's
Return |
| Fairfax Financial Holdings Ltd (FFH) |
18.2 |
19.0 |
147.77 |
0.01 |
| Open Text Corporation (OTEX) |
12.0 |
14.7 |
16.80 |
1.31 |
| Greg Manning Auctions, Inc. (GMAI) |
8.8 |
14.5 |
9.97 |
0.00 |
| West Marine, Inc. (WMAR) |
7.6 |
31.6 |
24.53 |
-1.26 |
| Coinstar, Inc. (CSTR) |
7.6 |
15.3 |
25.83 |
1.43 |
| Openwave Systems Inc (OPWV) |
6.7 |
10.4 |
11.77 |
-2.72 |
| Bradley Pharmaceuticals, Inc. (BDY) |
6.5 |
34.7 |
16.56 |
0.91 |
| OSI Systems, Inc. (OSIS) |
6.2 |
15.1 |
17.41 |
4.55 |
| Columbia Sportswear Company (COLM) |
5.9 |
14.3 |
60.36 |
-0.28 |
| Atheros Communications, Inc. (ATHR) |
5.4 |
13.6 |
12.00 |
-2.58 |
Stocks quoted in this article:
I received a few emails regarding a post I made last week that highlighted a bullish market strategists views...The emails focused on the fact that the strategist has been largely bullish for sometime. While I believe that most of you understand my view, I thought it wouldn't hurt to clarify this point.
As a contrarian, I am looking to gauge the prevailing sentiment winds of the Street. One good sign that sentiment is shifting is when "perma-bulls" or "perma-bears" finally capitulate. I am not sure you can focus too much energy on one person's view, but when you gather enough of them, you can start to get a feel for what views are out there.
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Stocks quoted in this article:
Nastech Pharmaceutical Company (NSTK) might be a company to keep an eye on. They gapped up more then five percent after getting some potentially positive news from the FDA on their nasal spray for the treatment of vitamin B-12 deficiency. (Click here to read the actual press release).
The chart is a bit sloppy as the stock has bogged down when it has attempted to push into the 14 level. However, I bring it up because 17 percent of the stock's float is sold short and it has little in the way of Wall Street coverage...
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Stocks quoted in this article:
There has been a lot of press lately highlighting the bearish case for the dollar...To be honest, I don't have a good feel for what is going on here, but it seems that expectations are for continued weakening...
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