Archive for July 14th, 2008

Fannie Mae & Freddie Mac, Classic Gap & Crap (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are seeing one the purest examples of a “gap and crap” pattern that exists.  This term is not meant to be a vulgarity regardless of how it sounds.  This is actually a technical analysis term used to describe a situation where stocks gap up quite high [...]

Pre-Market Volume Surge: Cardiome (CRME)

Cardiome Pharma Corp. (NASDAQ: CRME) is seeing a surge in pre-market trading and a major price surge as well.  At 9:25 AM EST we have seen 935,000 shares trade hands and the stock is up 31% at $10.95.  This only trades about 650,000 on an average day. Its 52-week trading range is $5.78 to $12.62.  [...]