Stocks to Watch 9/23 - ABK, DSL, RIMM, BIDU, V

This morning the stock market futures are up slightly as the Government scrambles to put together a bailout plan for our financials markets. Yesterday Oil shot up $25 a barrel at one point due to buyers having to buy before contract options expiration. Oil is hovering around $108 right now in pre market.

Stock to Watch today: I am watching Research in Motion ( RIMM ) as I think there could be a nice trade here. RIMM has been all over the place over the past few weeks...with resistance being at that $110-$112 level. I can count several times where you could have bought under $100 and sold at $110 over the past few weeks. Even last week, you could have bought under $90 and sold at $107. So with RIMM today, i'd like to buy it under $95.

Ambac ( ABK ) is moving higher in pre market....this stock has gotten killed over the past few days due to fears that Moodys will cut their rating. The business is still sound, but if their rating gets cut, i'd assume they'd lose business. Day Trade ABK when it clears the high of the day. I could see it running back to $4.50-$5 in a few weeks. I would not hold it over night due to the Moodys problem.

DSL - They hired a new CEO....finally!

I'm looking to trade BIDU, Visa ( V ) and watching for the Gphone from Google ( GOOG ) to come out. The Google phone can do many things the Iphone can't such as..... Copy and Paste text into email and around the web like your normal computer can do. The iphone can't do this! The Gphone supports the open network and most of the Apps are free....where the Iphone you must pay for them. I think people will like the Gphone because of the freeness of the network....rather then Steve Jobs choosing what can go on your phone and what can't.

I will have another update later...don't forget about RIMM Earning 9/25/08

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