Friday's Stocks to Watch

The market is trading flat on Friday. It was up very decent percentage for half hour in the morning, but it faded away in the afternoon. Around 1:30 pm EST, Nasdaq is up about 1 points, S&P 500 is about even. The advancers to decliners ratio on NYSE is 19 to 12 and 15 to 14 on the Nasdaq. The up to down volumes are about the same on both exchanges, it is 4-to-3 on NYSE, and it is 3-to-2 on the Nasdaq. Like most recent trading days, most of the advancers are clearly came from the big board. Volume has slowed as compared to normal trading days because it is the last trading day before Christmas. Until momentum changes favor upside, I would not adding more postions right now. I will be still building a watch list on a daily basis.

Stocks worth mentioning are:
(PAY), this sleeper in the past month is popping up $2 today after Sun Trust upgrade. This company is in the design, marketing, and service of transaction automation systems that enable secure electronic payments among consumers, merchants, and financial institutions. Earning was beating estimate last quarter, but nobody seems to care about it until today. It broke the recent trading range and hit a 52-week high. A very bullish sign.
(CTHR), a dead cat bounce from yesterday massive sell-off. It is in the manufacture, marketing, distribution, and sale of moissanite jewels worldwide. It hit a big bump yesterday after the earning report. It is the stock to avoid, unless you are a short seller.
(PGNX), a biopharmaceutical company is about $2.5 today because of the cooperation with a big pharma company. According to Yahoo Finance, this company engages in the development and commercialization of therapeutic products to treat the unmet medical needs of patients with debilitating conditions and life-threatening diseases. It seems to me that most of the actions are in the pharma or biotech companies lately, once (AMGN) started buying another biotech company. Then there are many biotech popped up because of this news. It is all about hypes, these companies do not have good track records. It would be a big gamble for me. It is like playing lottery, it will win big or lose big.