Wednesday, December 14, 2005

Wednesday's Stocks to Watch

The market is up around 2:00 pm on Wednesday. Nasdaq is up about 2, S&P500 is up about 7. The biggest gain is from the DOW with 84 point advance. The Nasdaq market was a see-saw battle between the bull and bear all monring long, but it then decided to go up in the afternoon.. The advancers to decliners are 2 to 1 on the NYSE and 16 to 13 on Nasdaq. The up to down volumes are 2 to 1 on NYSE and 16 to 13 on Nasdaq. So the clear winning stocks are mostly from the NYSE.

Stocks worth mentioning are (more stock ideas from my private alert list):
(CUTR), a former leader in the recent sessions, it sank down 14 points yesterday after the judgement made by the court against the company. I believe this more like a dead-cat bounce. I would not buy or short this one. I would avoid this one totally.
(VMC), a production, distribution, and sale of construction aggregates and other construction materials and related services company went up $3 after the upgrade by JP Morgan today. I think it maybe to late to get into it now. If you like the stock, I would wait for the pullback before getting my hands wet with it.
(APOG), the design and development of glass products, services, and systems company went up about 75 cent in anticipating a good earning report tomorrow morning. Volume has picked up about two times normal volume. It can be a earning play.
(CERN), the healthcare information technology company saw its stock sank $5 today with massive volume. It can be a good short candidate. If you not familiar with short, then just ignore it. I would not buy this at all.

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