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Wednesday, July 23, 2008

XTO Energy - Chesapeake Energy CHK

Went long on both stocks this morning.....target $55-$58 in the coming weeks....it all depends on Natural Gas right now...so I'm picking a short term bottom but it could fall further possibly to $9.

I will add on these two below $50 each.

Earnings Tonight : Baidu BIDU, Amazon AMZN, CMG

Tonight is another action filled earnings lineup.  Baidu.com, Amazon.com, and Chipotle Mexican Grill step up to the plate.

I will be watching Baidu.com the most as there is a report out today stating that Baidu has taken even more market share from Google in China. This would be huge. I will also be watching to see how Baidu Japan is doing.

Nutrisystem NTRI also reports earnings tonight....this could be a day traders delight!
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