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
Audible, Inc. (ADBL) 12.8 12.2 16.33 10.57
Salix Pharmaceuticals, Ltd. (SLXP) 7.6 13.4 18.02 2.11
SurModics, Inc. (SRDX) 7.3 14.3 42.72 2.95
Quality Systems, Inc. (QSII) 7.2 16.2 55.00 2.20
Sharper Image Corporation (SHRP) 6.8 27.0 14.87 -1.88
Ethan Allen Interiors Inc. (ETH) 6.1 12.6 33.24 0.99
Northwest Airlines Corporation (NWAC) 5.1 28.8 6.55 1.38
Gamestop Corporation (GME) 4.7 41.1 32.53 0.43
Central European Distribution Corporation (CEDC) 4.3 10.3 32.60 -0.92
Animas Corporation (PUMP) 4.2 11.8 18.80 0.64
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Early Buying

by 6/7/2005 10:18 AM
Stocks quoted in this article:

The bulls appear to be off to an early start as my alert for NYSE net ticks has been active and the SPX has moved in straight line higher...


Chart Courtesy of Thomson/ILX

This puts the SPX above last week's highs and at its best level since mid-March...

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Stocks quoted in this article:

In addition to Wild Oats Markets, I am also watching Whole Foods Market (WFMI). On Friday I noted how the stock gapped lower on a downgrade but said it was still an interesting situation.

My alert just hit to tell me the stock has fought its way back from that gap lower and tagged a new annual high...


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Stocks quoted in this article:

I was just scanning through some charts and Wild Oats Markets (OATS) caught my eye. This stock was near the top of the list I posted yesterday and is a situation I discussed last month. The stock appears to be breaking out of its recent consolidation and moving higher.

As I noted in last month's post on the stock, a longer-term chart shows some congestion above 12 but with the wind at its back and few signs of optimism, this might be one to watch...

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At the Open

by 6/7/2005 9:49 AM
Stocks quoted in this article:

Stocks are on the move and here is what I see...

As expected, the broad market indices opened with an upside bias and most sectors are showing small gains as oil and gold trade lower. Gold stocks weakened yesterday afternoon and are off to a slow start this morning.

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