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
Percent of Float
Sold Short
Guess?, Inc. (GES) 12.4 12.2 19.30 1.81
Steel Technologies Inc. (STTX) 6.9 17.0 18.50 -0.43
Identix Incorporated (IDNX) 6.0 10.4 5.47 -1.10
NitroMed, Inc. (NTMD) 6.0 22.1 23.28 -1.42
Chico's FAS, Inc. (CHS) 5.7 11.9 38.00 -0.61
Martek Biosciences Corporation (MATK) 5.3 23.6 40.52 -1.06
InterMune, Inc. (ITMN) 4.9 14.3 13.81 6.09
Adolor Corporation (ADLR) 4.3 10.6 9.61 -0.73
Conn's, Inc. (CONN) 4.3 23.3 25.58 -0.24
OSI Systems, Inc. (OSIS) 4.3 11.9 16.59 -1.69

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At the Open

by 7/8/2005 9:53 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, we see a slight upside bias in the broad market indices. Most sectors are also showing some minor strength with drugs the only group to trade below the breakeven mark. Oil is taking the lead with gold stocks and semis following closely behind.

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Into the Open

by 7/8/2005 9:14 AM
Stocks quoted in this article:

We head toward the open with some of the pre-open stock strength fading...The S&P's have pulled back but still sit two and half points above fair value. Oil and gold are both up 80 cents.

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Employment Report

by 7/8/2005 8:43 AM
Stocks quoted in this article:

The monthly employment report came in below expectations. Payrolls grew by 146,000 compared to expectations for a 200,000 increase. Meanwhile, the unemployment rate dropped to 5 percent while expectations had called for it to remain at 5.1 percent. Stock futures did a little stutter step on the news but, for the most part, remains near their overnight highs...

Chart Courtesy of Thomson/ILX

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Good Morning

by 7/8/2005 7:49 AM
Stocks quoted in this article:

As promised...whether you like it or not...I am back from vacation and ready to resume my blog duties...

I suspect that everyone is already aware of yesterday's events so I won't rehash them, but I will chime in on the broad market charts later today. For now we see some strength from pre-open stock futures as the S&Ps trade more than four points above fair value. Gold is up 50 cents to 424.70. Oil is up 57 cents to 61.30.


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