Archive for August 6th, 2008

PRICE/VOLUME SPIKE ALERT: Rentech Inc. (RTK)

Rentech, Inc. (AMEX: RTK) is seeing a major surge today.  It hasn’t run on current news, but rather on news that is about to occur.  The company makes ultra-clean synthetic fuel, and the company si going to be featured and interviewed on CNBC tonight by Larry Kudlow.  With airline jet fuel at such high prices [...]

False Volume Alert: Catalyst Semiconductor (CATS)

This morning there were some unusual trading patterns as a few thousand shares of catalyst Semiconductor Inc. (NASDAQ: CATS) appeared to have more than a 100% gain in pre-market trades.  But it turns out these were trade errors and the trades appear to have been busted.  What is odd is that you frequently see even [...]

A Tale of Two Gappers: AMBAC vs. Freddie Mac

We have quite a different outcome for two key mortgage players this morning.  Ambac Financial Group, Inc. (NYSE: ABK) and Freddie Mac (NYSE: FRE) both reported earnings, yet they are as different as night and day. Ambac is seeing a share gain of about 4% right before the open.  The company actually managed to post [...]

Price/Volume Spike Alert: Verenium Corp. (VRNM, BP)

Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading.  The company signed a biofuel production pact with BP plc (NYSE: BP).  The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months.  The market cap before today’s spike [...]

Kraft Stock & Options Still Under Sharp Focus (KFT)

We are still seeing high options trading in Kraft Foods Inc. (NYSE: KFT).  We’d ask traders to pay close attention to these today even though these were yesterday’s most active contracts yet again.  The initial trade was a directionless trade meant to capture some spread arbitrage but now it is obvious that speculators have also [...]

Stocks With Biggest Pre-Market Gap Down (INAP, ABCO, WFMI, PCLN, MVIS)

These are the stocks gapping down the most in pre-market trading this morning with stock prices more than 10% lower than the close: STOCK (TICKER)                                Close    8:34AM  DROP%    Volume Internap Network Services (INAP)    $4.38     $3.30     24.66%     4,162 Advisory Board Company (ABCO)    $39.63  $30.00    24.30%     48,311 Whole [...]