Wednesday, February 28, 2007

Wednesday Stocks to Watch

The market is in a see-saw battle between the bears and bulls. The bull is running in a upper hand right now. The key is to hold on to the gain today and stay above yesterday's closing level for the next few sessions. Hopefully this is just a correction for us to see. I still would not buy or short right now until the dust settles.

Advancers:
(STTX) - take-over candidate?
(RVSN) - profiled by IBD
(AMSC) - new order for its wind power products, risky for me
(CHL) - recovered from yesterday's massive sell-off
(FMCN) - Chinese stock recovered from yesterday's massive sell-off

Decliners:
(ORA) - bad guidance forward
(BITS) - missed earning, can be shorted on a bounce
(JOYG) - earning missed
(PRAI) - bad earning and downgrade

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