Schaeffer's Trading Floor Blog

Buy?

by 3/31/2005 10:53 AM
Stocks quoted in this article:

I was watching a bull/bear debate on CNBC and when I turned back to my screen I saw that NYSE net ticks had spiked above 1000...The indices registered a small uptick on the buying spurt but this has yet to gain traction as the indices are still flat to slightly lower.


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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 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) 28.8 13.3 42.31 -2.79
Travelzoo Inc (TZOO) 25.1 44.8 52.85 -3.95
Mobile Mini, Inc. (MINI) 12.4 12.1 40.45 0.77
AMR Corporation (AMR) 11.1 29.5 11.03 -1.36
America West Holdings Corporation (AWA) 9.3 33.1 5.30 -3.02
Inverness Medical Innovations, Inc. (IMA) 9.3 10.1 23.35 0.21
Continental Airlines, Inc. (CAL) 8.4 23.1 11.89 -1.68
AirTran Holdings, Inc. (AAI) 7.8 16.4 9.37 -3.52
Global Crossing Ltd. (GLBC) 7.4 117.2 15.79 0.76
Openwave Systems Inc (OPWV) 7.1 13.9 12.32 -2.03

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At the Open

by 3/31/2005 9:46 AM
Stocks quoted in this article:

Stocks are open and here is what I see...

Nothing too surprising in this if you have followed this morning's events. The broad market indices opened flat...biotech is under pressure on the BIIB/ELN news...commodities are popping...


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Readers Respond - Subpoenas

by 3/31/2005 9:41 AM
Stocks quoted in this article:

In response to my post below on subpoenas...Mike says - "Hi, Nick! Don't know if it matters, but JNJ's subpoena came from the US Attorney's office in Newark, NJ, whereas SYK's came from the DOJ. (Also, SYK said that many other cos. in its field were receiving the same thing.) Curious to find out if it's all connected or just coincidence."

My response - To be honest, I am not entirely sure how this is all related as I am seeing slightly different versions of the stories floating around. What I do know is that all but JNJ show relatively low equity scorecard readings: Biomet (BMET) = 3, Stryker (SYK) = 4, Zimmer Holdings (ZMH) = 3.5, Johnson & Johnson (JNJ) = 7

Here is how the stocks are faring on percentage basis today:

  • BMET -8.4%
  • SYK -8.8%
  • JNJ -0.9%
  • ZMH -9.5%


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Forgot...

by 3/31/2005 9:29 AM
Stocks quoted in this article:

I forgot to mention...according to Goldman, the "superspike" mentioned below brings with it a range for oil of 50-105...I guess I am glad we didn't see a "super-duper-spike" as that range would probably be 20-200....


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