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

Wednesday, February 28, 2007

On Tap For Thu Mar 1, 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.

The list:
  • The following companies reported after the close today (these are not all the companies that reported after the close - just the ones I'm watching):

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

  • Motorola Inc. (MOT) was active during after-hours trade after Carl Icahn filed to buy more MOT shares...MOT was up 3.5% in after-hours; MOT closed at $18.52
  • AK Steel Holding Corporation (AKS) was up strong today after it announced an agreement with it's union to end a year-old closed near resistance and near it's 52-week high; AKS closed at $23.13
  • Worthington Industries Inc. (WOR)* was up 9.5% today on no news in particular (perhaps it's just a bounce from the day we had yesterday) and closed near some resistance; WOR closed at $19.91

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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  • fwiw, WOR was up along with a lot of other smaller steel concerns as STTX received a buyout offer at a large premium, more than 50% above today's opening price. There were many sector members up by 6%-12% on the hope of further consolidation and the indication that there are large portions of the sector that may be undervalued, given the premium offer for STTX.

    By Blogger Biche, at February 28, 2007 10:39 p.m.  

  • Biche,
    Thanks for your comments and thanks for the update. In fact, I would encourage other readers out there to help out in identifying why things were moving. There have been a couple times in the past when I just couldn't find news about a move and knowing the cause is a lot more re-assuring. Again thanks for the update and good luck to you and your trading!

    By Blogger J.C., at February 28, 2007 10:55 p.m.  

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