Some Pre-Holiday Drift

 | Feb 17, 2012 | 11:13 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

ssn

,

mhr

,

EPAM

,

wwww

We have very mixed action as many market players are on hold in front of the long weekend. The possibility of some news about Greece on Monday while U.S. markets are closed for Presidents Day is making it tricky to do much. Given the history, the likelihood is that decisions will be delayed once again, but who knows?

We have some strength in oil, solar energy and retail while precious metals lag again, but there is very little going on as far as themes. I'm playing a few small oils such as Samson Oil & Gas (SSN) and Magnum Hunter Resources (MHR), but there isn't enough energy there to make me aggressive.

I have some things on my radar such as Web.com Group (WWWW), which reported a good quarter, and EPAM Systems (EPAM), a recent IPO, which I mentioned the other day, but I don't see any hurry to add at this time.

It looks like it is just going to be one of those days when we drift around as market players leave early for the long weekend. In this sort of environment, finding new trades is a tough task.

_______

More from James "Rev Shark" DePorre:

Columnist Conversations

We may see some weird, late in the day, moves as the thrid quarter comes to a close. Thinly traded stocks migh...
Market opens slightly down to begin trading for the last day of the quarter. Asia is in focus as democracy pro...
High-end grocery Whole Foods Markets (WFM) jumped up to as much as $39.50 shortly after the opening. WFM was h...
My view of the market hasn't changed at over the past few days. I continue to believe short term traders shoul...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.