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
Allscripts Healthcare Solutions Inc (MDRX) 17.9 11.1 13.00 -0.23
Akamai Technologies, Inc. (AKAM) 13.5 10.4 12.21 -0.66
SALESFORCE.COM INC (CRM) 13.1 41.1 15.95 -0.63
Sina Corporation (SINA) 10.4 17.5 25.60 10.65
Superior Industries International, Inc. (SUP) 8.9 33.3 27.00 0.81
priceline.com Incorporated (PCLN) 8.2 43.8 22.88 -1.70
Medis Technologies Ltd. (MDTL) 6.9 23.2 18.86 1.06
Travelzoo Inc (TZOO) 6.7 60.5 66.09 7.27
Sohu.com Inc. (SOHU) 4.8 13.8 16.46 3.89
Steel Dynamics, Inc. (STLD) 4.8 15.4 42.51 -0.38
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Speaking of Yahoo

by 2/22/2005 9:51 AM
Stocks quoted in this article:

As I mentioned, I am working on a column for the homepage on Yahoo (YHOO)...Earlier this month, I discussed the intermediate-term chart here and noted that the sentiment was skewed towards complacency. I think that is still the case.

What I didn't highlight was how analysts' ratings have changed. Note the monthly readings below from Zacks that shows how analysts have become increasingly more bullish...

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At the Open

by 2/22/2005 9:42 AM
Stocks quoted in this article:

Stocks are open and here is what the overall picture looks like...

As expected, there is a negative bias in stocks while gold and oil are higher. Of particular interest to me is the weakness in the INX as I am currently working on a column on Yahoo (which should be published later today)...


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Stocks quoted in this article:

While I am discussing charts, I want to touch on the SPY...


Created with SuperCharts by Omega Research

On Thursday I noted the SPY had broken below short-term support near 120.5. I have removed this from the chart so that we can focus on the zone near 119.5, which I think is a more significant level. A break below this zone would change the "look" of this chart.

By that, I mean that right now I look at the chart and can see an uptrend from the January lows. Stabilization at the support zone would look like a consolidation of gains. However, a break of support would not only call the recent uptrend into question but highlight the recent peak which was slightly lower than the levels seen in December.

With half an hour until the open, S&P futures are still weak and indicate a lower open (by roughly five points) so this will be an interesting morning...


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Stocks quoted in this article:

Earlier I mentioned the resistance zone on gold so I thought a chart might be in order...


Chart Courtesy of Thomson/ILX

Here you can see the 430 level that I noted. I have also included the 50-day moving average for perspective. Gold has not been above this trendline since December. The last thing I noticed is that the 435 level served as support in mid-December and today's rally has kissed that level so that might be something to watch...


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