An NYSE Scalper's Tale - A Trader's Diary

Sunday, March 05, 2006

On Tap for Mon Mar 6, 2006

Tomorrow I'll be watching Bell South (BLS). On Sunday, AT&T (T) agreed to buy BLS for $67 billion - which amounts to about $37 per share. I have been trading BLS quite actively the last few trading days so tomorrow will be interesting. BLS closed on Friday at $31.46.

On Friday, AK Steel (AKS) gapped up on strong volume after a report that US Steel (X) is in talks to buy the steel company. AKS closed at $13.99.

Lastly, I'll be watching Corning (GLW) again. It broke out of it's range three days ago and is making 52 week highs again. For the past two months or so, GLW has been fairly volatile and so I have avoided trading it too much.


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