Archive for June 19th, 2008

Massive Option Alert: SandRidge Energy (SD)

SandRidge Energy, Inc. (NYSE: SD) has just about never shown up in active screen alerts. Not in stock volume, nor in options. But…. We have now seen in the SEP08 $80.00 CALLS a total of some 31,371 contracts trade hands today and this was not in the options screens just an hour ago. On last [...]

Double Volume Alert: Penn National Gaming (PENN, HUN)

Penn National Gaming Inc. (NASDAQ: PENN) has tripped over the volume surge wires this morning on aggressive downward volume.  The sad part is that there is no real news out on the company.  But the obvious tie is that this is a large merger with a huge arbitrage spread for a private equity acquisition.  After [...]

UPDATE: Exponential Volume Alerts on Sirius & XM… Reversal? (SIRI, XMSR)

If you are a price weighted volume trader that looks for reversal days with large sell-offs on huge volume, Sirius Satellite radio Holdings Inc. (NASDAQ: SIRI) and XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) are sending you huge alerts today.  Goldman Sachs killed the price targets and cut estimates for 2009 on the companies pre-market. [...]

Day 2 Price/Volume Surge: Pinnacle Gas Resources (PINN)

Pinnacle Gas Resources, Inc. (NASDAQ: PINN) is a small independent acquirer and exploration of onshore natural gas properties in the U.S.   This is one of the smaller and much more speculative stocks in the sector, so traders are looking for their small cap plays to get the biggest bang for their bucks while natural gas [...]

OPTIONS VOLUME SURGE: Time Warner Telecom (TWTC)

Time Warner Telecom Inc. (NASDAQ: TWTC) is almost never a volume leader in stocks nor in in options volume.  But this morning there has been 20,050 contracts trade in the JAN09 $20.00 CALL Options traded hands.  The open interest before today was 2,454 contracts.  As a reminder, 20,000 contracts represents some 2 million shares on [...]

Down Volume Spike: Pier 1 (PIR)

Pier 1 Imports inc. (NYSE: PIR) is seeing a flurry of trading to the downside after the company missed earnings estimates yet again.  How many times can one company disappoint?  Shares were down about 16% but now after 55 minutes of trading shares are down 19.8% at $5.00.  We have also already seen it surpass [...]

Huntsman (HUN) Spikes Huge On Apollo Walk-Off

Huntsman (HUN) is down 40% on news that buy-out firm Apollo is walking away from a deal to buy the company for $6.5 billion. The matter will almost certainly be settled in court Huntsman, a chemical company, has seen is profits disappear due to high commodities costs. Apollo cited that as one of the reasons [...]

Major Down Price/Volume Alert: Sirius & XM (SIRI, XMSR)

Satellite radio stocks are being murdered in the pre-market session.  Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning.  XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares.  [...]

Pre-Market Volume Surge: Siliconware Precision Industries (SPIL)

Siliconware Precision Industries Co. Ltd. (NASDAQ: SPIL) is the leader of highly unusual trading in the pre-market hours this Thursday morning.  We have seen 3.6 million shares trade hands at $7.35 as of 8:50 AM EST, but after further review this is holders that are selling shares in a $26 million offering.  This will still [...]