Schaeffer's Trading Floor Blog
Stocks quoted in this article:

I just noticed that Boston Scientific (BSX) was on the list of stocks hitting a new annual low. I wrote about this stock earlier this month and noted the shares were perched precariously on support near 28. That support has now been violated....


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Buying

by 5/31/2005 10:34 AM
Stocks quoted in this article:

It looks like the bulls are trying to make a push as my alert for NYSE net ticks was just triggered...The SPX sold off for the first half hour of trading but has spent the last 30 minutes moving sideways. It now looks like the buyers are trying to bounce the index off its lows...


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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 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
Findwhat.com (FWHT) 13.6 11.7 5.52 -2.72
Chico's FAS, Inc. (CHS) 8.4 14.5 33.85 1.03
Able Laboratories Inc (ABRX) 8.4 11.3 5.28 -13.88
Shanda Interactive Entertainment Limited (SNDA) 8.4 20.2 37.94 -2.82
Gander Mountain Company (GMTN) 7.5 27.6 12.11 0.74
China Yuchai International Limited (CYD) 5.5 11.5 13.65 -1.76
Trident Microsystems, Inc. (TRID) 5.5 15.5 21.36 -0.80
Conn's, Inc. (CONN) 4.7 23.3 18.94 1.06
Global Power Equipment Group Inc. (GEG) 4.2 10.7 7.89 -1.01
Visteon Corporation (VC) 4.1 10.4 7.87 -2.54

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At the Open

by 5/31/2005 9:49 AM
Stocks quoted in this article:

The opening bell has rung and here is what I see...

As indicated by the pre-open futures action, there is a slight downside bias in the broad market indices...Gold has rebounded from its session lows but is still lower and gold stocks are responding by giving up some of their gains from Friday...The oil related groups are also trading lower after gaining ground on Friday.

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Must Read

by 5/31/2005 9:18 AM
Stocks quoted in this article:

I apologize if I am rehashing old news, but I thought it was worth the risk. If you didn't read it on Friday, make sure you check out Bernie's latest Option Advisor commentary - "The Market" where he discusses what groups he thinks you should avoid and where you should focus your capital...

If you are not already aware of this, as a Schaeffer's Gold subscriber, you get access to the most recent Option Advisor commentary each month. You can always find it under the list of links on the Bernie Schaeffer Commentary tab.

Also note, if you are not familiar with the Option Advisor newsletter you can find more information here.

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