Friday, March 02, 2007

Trade Ideas: MSA, PKG, HHS, FPL, SSI, FTI, ALLD, IDU

Shorts grabbed some quick profits on the gap, bulls made a go at a recovery but overall - bears take the honors. The ending bullish "hammers"/"dojis" are over-ruled by the failure of some of the indices to close the gap. I would not be surprised to see bears walk this down to today's lows before starting another downleg.

What did CNBC do with its "Dow at x above Record Close" ticker?

The Trade Ideas scan did show pockets of action; 8 picks came in at 16 minutes - not an unreasonable performance considering (although anything above 10 minutes I consider to be a 'slow' day). The "Fab-20" list covered a time span of just over an hour:



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