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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Stocks quoted in this article:
Scanning through the news reveals that not much is going on...Oracle raised its bid for PeopleSoft from $21 a share to $24 a share, which of course has PeopleSoft pushing higher. It might also be a good idea to keep an eye on the drug sector. The Wall Street Journal is highlighting some data that suggests Merck may have known about safety issues with Vioxx for some time.
Stock futures are ticking slightly higher and trading up almost a point above fair value. Gold and oil are also ticking up. Oil is up 50 cents while gold is up more than a point to trade above 430. I think that the chart we looked at Friday is still worth keeping in mind.
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