Schaeffer's Trading Floor Blog
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 the previous day'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.

Note - more information on short interest can be found by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Dendreon Corporation (DNDN) 17.0 47.4 5.98 -4.52
Martha Stewart Living Omnimedia, Inc. (MSO) 16.2 84.9 23.89 3.56
Talbots, Inc. (The) (TLB) 12.4 14.4 28.83 1.42
Jarden Corporation (JAH) 11.9 15.1 49.02 0.96
Chico's FAS, Inc. (CHS) 10.6 17.1 29.34 -0.75
RealNetworks, Inc. (RNWK) 9.1 11.4 6.95 2.74
Hudson Highland Group, Inc. (HHGP) 8.4 17.5 14.89 2.42
Blue Nile, Inc. (NILE) 7.8 23.8 27.48 0.95
Trident Microsystems, Inc. (TRID) 6.0 13.4 17.90 1.06
bebe stores, inc. (BEBE) 6.0 36.0 35.29 -1.62

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AIG - The Plot Thickens

by 5/6/2005 10:09 AM
Stocks quoted in this article:

And just when you thought the story surrounding American International Group (AIG) couldn't get any more "curious", the New York Times runs a story today - "Insurer Ex-Chief Is Called Target of Stock Inquiry" - that says federal prosecutors are looking into whether Hank Greenberg potentially manipulated AIG's stock. Of course this follows the story of how Hank Greenberg gave two billion dollars worth of AIG stock to his wife, the continued accounting issues, and the SEC asking American International Group (AIG) to protect offshore documents....

Yet, a check of data from Zacks shows that 14 of the 20 analysts (70 percent) still rank AIG with a "buy" rating. The shares have shrugged off today's news but those with a longer-term perspective might want to keep a cautious eye on the monthly chart below as the shares are sitting on fairly important level...


Created with SuperCharts by Omega Research

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At the Open

by 5/6/2005 9:45 AM
Stocks quoted in this article:

My quote screen has come alive and here is what I see...

As expected, the broad market indices opened higher, while gold and bonds (the TLT) trade lower...Internet stocks are off to quick start as are oil related stocks...


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Into the Open

by 5/6/2005 9:23 AM
Stocks quoted in this article:

As we head into the open...the major indices look poised to pop higher. Gold has turned lower as the June contract looses nearly five points. Bonds are also taking a hit.

Yesterday we looked at the daily chart of the major indices and noted how the DIA, QQQQ and RUT had not yet pushed above resistance. Today gives the bulls another chance to change this so it will be interesting to see if they can gain traction today...

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Employment Report

by 5/6/2005 8:57 AM
Stocks quoted in this article:

The Labor Department reported that the labor market strengthened as the economy gained 274,000 jobs. This topped expectations and gave a boost to pre-open stock futures...


Chart Courtesy of Thomson/ILX

The S&P's immediately ticked higher on the news but then settled down. However, the action of the last few minutes has the June contract pushing back towards its high as it currently sits six points above fair value.


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