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

Sunday, February 25, 2007

On Tap For Mon Feb 26, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Sorry folks...I didn't have time to post up my "Weekend Reading" as I was out of town for most of the weekend. Don't weekend will be a "2-for-1 Weekend Reading" as I will combine this week's links along with next week's links.

Next weekend will be busy in terms of posts and I will also provide my monthly review and a monthly review roundup for February.

Now, let's get back down to business. Buyouts, buyouts and more buyouts...that's all I have to say about my list tonight.

  • The following companies are reporting before the bell tomorrow (please note that these are not all the companies that are reporting tomorrow morning - just the ones I'm watching):

  • On Friday after the close, there was a report that two private equity firms were preparing a $32 billion bid for TXU Corporation (TXU)*....TXU jumped over 18% on the news in after-hours trade; TXU closed at $60.02
  • Over the weekend, Station Casinos, Inc. (STN)* board accepted a revised buyout offer from a private equity firm...there were reports that the revised offer was for $90 per share; STN closed at $83.30 on Friday
  • I'm going to watch Fortress Investment Group (FIG) recently had it's IPO and media reports say that FIG may be one of the potential bidders for the troubled EMI Group; FIG closed at $29.68
  • There was another report over the weekend that stated that The Dow Chemical Company (DOW) will soon be acquired in a takeover bid worth up to $54 billion and that DOW could fetch between $60 - $80 a share...these are just rumors at the moment; DOW closed at $43.45

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.



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