Good Morning Todays Trade

Tuesday, May 13, 2008

Looking at this 1405 area for little resistance, Like for a continued move in the refiners also on my trading list is

AAPL
V on a pullback
YHOO
C looking interesting

NUAN expect to see it grind up

I am surprised NUAN is trading down after saying they are on track to exceed yearly projections, i will be holding my shares here, and just a good example of how i had an excellent day yesterday, yet knew going into NUAN earning i set myself up for a risk. Hope traders out there learn from my example of why its not worth ever holding into earnings.

Wal-Mart reports earnings that top expectations

Hewlett-Packard preannounces second earnings that beat estimates, raises full year earnings guidance, and confirms it has entered a definitive agreement to acquire Electronic Data Systems


Upgrades and downgrades

SOV: Sterne Agee reits Hold
FLR: Lazard Capital ups to Buy
BKUNA: Sterne Agee cuts to Hold
NUAN: Needham reits Buy
MEDX: Needham ups to Buy
MNT: Lazard Capital cuts to Hold
RIMM: Citigroup reits Buy
KNXA: Lazard Capital reits Buy