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 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.

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

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Kos Pharmaceuticals, Inc. (KOSP) 13.5 13.3 50.46 -0.85
Maytag Corporation (MYG) 4.4 24.1 14.85 -1.68
AMN Healthcare Services Inc (AHS) 3.9 17.8 16.10 -0.31
Netflix, Inc. (NFLX) 3.8 40.6 12.11 0.17
Advanced Medical Optics, Inc. (AVO) 3.6 18.9 38.62 -0.52
Penn National Gaming, Inc. (PENN) 3.4 10.9 33.35 -0.24
Align Technology, Inc. (ALGN) 3.4 38.8 6.10 -0.66
Amedisys Inc (AMED) 3.3 20.8 30.42 0.46
Wild Oats Markets, Inc. (OATS) 2.7 16.3 10.16 -0.79
SurModics, Inc. (SRDX) 2.6 13.8 34.03 -1.68
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Stocks quoted in this article:

Sharlee says - "Thursday can be up, down or sideways and Friday can be more of the same. However, I would not want to go home long over the weekend with Monday being the day after Options Expiration Date."

My response - Interesting perspective - thanks for sharing.

As Bernie pointed out in his commentary - Watch Out Below - the 36 level is home to a large amount of April QQQQ puts. Also the, SPY shows peak April put open interest at 117.

I have seen large put strikes act as support and given that these strikes have pretty much been the recent lows (see the charts below) this is worth watching...

Created with SuperCharts by Omega Research

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At the Open

by 4/14/2005 9:47 AM
Stocks quoted in this article:

The action has begun...

As expected we see a quiet start to the day for the broad market indices, though there is a slight negative bias...semis aren't showing a big loss, but they aren't off to an encouraging start given they closed below short-term support yesterday...oil and natural gas stocks are trying to bounce...gold is down and gold stocks are taking yet another hit as the HUI pushes below February's bottom to make a new low for 2005...


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A Point to Keep in Mind

by 4/14/2005 9:31 AM
Stocks quoted in this article:

I apologize if I have already mentioned this...but after a couple thousand blog posts it gets tough to keep track of what I have rambled on about...

But I there was an article the other day in the Wall Street Journal - "Analysts Keep Misfiring With 'Sell' Ratings" - that noted how underloved stocks outperformed the Street favorites.

If missed the article, you can read a summary of it yesterday's Schaeffer's Daily Contrarian column - To "Sell" or Not to "Sell," What was the Question?...

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More on Yahoo...

by 4/14/2005 9:16 AM
Stocks quoted in this article:

Continuing my love hate relationship with Yahoo (YHOO)...as in I love to hate this stock...I see that Bear Stearns is making some positive comments on YHOO as they raise their first quarter revenue estimate.

On Tuesday I noted the longer-term chart and sentiment. Yesterday's close was the lowest in nearly two week so it will be interesting to see if these comments help the shares...

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