The Dean’s List for Friday 5/8/09 Featuring WWAG and 10 Other Stocks

May 8th, 2009 at 12:15 am Posted by The Dean

WWAG finally had a down day after 6 straight days in the green. If this dips below $0.50 it could be a good buying opportunity as long as the volume continues.

HEB is one of the higher beta swine flu stocks and I’m rooting for this one to go higher so I can short the swine flu hype.

LEA is one of many insolvent stocks taking off for no apparent reason. Since it’s a U.S. based auto company I’m willing to bet that earnings won’t be earth-shattering but the company has already started hyping up the earnings announcement. I’m shorting once it shows signs of slowing down (volume and/or price fading).

SPPI will likely trade higher on Friday with insiders disclosing stock purchases Thursday after the closing bell a la 8K HERE.

HNSN finished up 28% today after announcing an agreement with GE about a partnership that enables the companies to promote the compatibility of the GE Innova X-ray imaging platform with Hansen medical’s sensei® Robotic Cather System.

GCA announced a quarterly net income of $0.12 per share and will likely sustain its momentum in the short-term so I’m buying on the big dips.

BONT has run from $1.25 to +$4 despite announcing a 5% decrease in same store sales. Good stock for short selling IMO.

MNKD is rebounding nicely after an afternoon panic selloff drove it from $6.60 to $6. A record # of shares traded during the afternoon freefall leading me to believe the momentum will continue for now.

Even ODP gained +20% today as the retail sector rallies on so-called “positive economic data.” This will be a great shorting opportunity once the market returns to sobriety.

PNCL announced quarterly EPS of $1.05 and the market didn’t react much at all to the news (average volume) despite (1) a string of earnings runners in the market and (2) a rare P/E under 3 for this small cap airline stock.

EPEX has now tripled from .20 to .60 despite announcing a record net loss for the most recent quarter. I’m reserving shares to short daily and will short when the opportunity knocks.