Stocks quoted in this article:
A couple more thoughts...I am back from my meeting marathon and playing catch up. For those confused about my comments on PIXR, you can click on this link to see the commentary I posted earlier in the week.
On the market front, it looks like stocks pulled back a bit putting my prediction for the stocks to hold their bid in jeopardy.
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Stocks quoted in this article:
Some quick thoughts...as the table shows, the indices have strengthened since their lackluster open. It would not surprise me to stock hold their bids today...Oil isn't doing much...gold is ticking higher, up two points to challenge yesterday's high...bonds are still weak...It might also be worthwhile to take a look at PIXR. I have commentary on the homepage on it if you haven't seen that. The stock is up nearly four percent today to a new high....I now need to head to my third meeting...Be back in a bit...
| Index |
Index Value |
Point Change |
Percent Change |
| S&P 500 (SPX) |
1167.7 |
6.0 points |
0.52 percent |
| Dow Jones Industrial Average (DJIA) |
10392.1 |
77 points |
0.7 percent |
| Nasdaq Composite (COMP) |
2041.2 |
17.6 points |
0.87 percent |
| Russell 2000 (RUT) |
606.0 |
3.9 points |
0.64 percent |
| CBOE Market Volatility Index (VXO) |
14.3 |
0.04 points |
0.3 percent |
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Stocks quoted in this article:
While stocks are still holding small gains the action in bonds and gold is worth noting. Gold has reversed its earlier weakness and is now trading slightly up to 431. Bonds, meanwhile, have not reversed and are still trading sharply lower.
I also want to note that the DJIA is challenging its September peak. The blue chips have been the weakest broad market category (OK - I admit I am using this term loosely) so it will be interesting to watch happens.
And now for the bad news...Despite my best evasive abilities, I have been booked for back-to-back-to-back meetings that start in a few minutes. I will do my best to pop out and offer updates on the action but if you don't hear from me for short-time, that is why.
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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 |
| Isle of Capris Casinos, Inc. (ISLE) |
32.3 |
11.3 |
27.15 |
6.15 |
| VaxGen, Inc. (VXGN) |
15.3 |
21.9 |
14.35 |
13.66 |
| Christopher & Banks Corporation (CBK) |
14.3 |
12.4 |
18.75 |
0.00 |
| CALPINE CORPORATION (CPN) |
14.0 |
45.3 |
2.77 |
1.81 |
| bebe stores, inc. (BEBE) |
13.9 |
20.5 |
36.05 |
3.50 |
| Blue Nile, Inc. (NILE) |
13.6 |
30.5 |
27.09 |
1.73 |
| TASER International, Inc. (TASR) |
13.2 |
84.1 |
46.81 |
-1.79 |
| DHB INDUSTRIES INC (DHB) |
12.0 |
17.2 |
15.74 |
2.41 |
| CuraGen Corporation (CRGN) |
11.6 |
11.0 |
6.25 |
-0.32 |
| Mobile Mini, Inc. (MINI) |
10.1 |
16.1 |
31.15 |
1.07 |
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Stocks quoted in this article:
I missed the first five minutes of trading and when I checked the market, I was somewhat surprised by what I see as a lackluster open...Normally I would say that is a sign of weakness, but given the comments yesterday, I wouldn't put much weight on this. Just my two cents....
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