Archive for September, 2008

SiRF Mystery Stock Move

SiRF Technology Holdings Inc. (NASDAQ: SIRF) has traded more than its full average daily volume after a recent mid-day mystery move to the upside.  This stock is frequently passed around in trader chat rooms, and that may be the biggest thing going for it today. Even after a 10% rise today to $1.92, its 52-week [...]

Downward Volume Spike: SIRIUS XM (SIRI)

You can see the full guidance commentary and analysis we gave over at 247WallSt.com, but SIRIUS XM Radio (NASDAQ: SIRI) is under pressure again today.  Despite yesterday’s huge market gains this stock is at a new 52-week low (prior range $1.22 to $3.94).  At 11:39 AM EST we have seen shares trade down over 5% [...]

Day Trader Alert: TW Telecom (TWTC)

TW Telecom (NASDAQ: TWTC) is seeing a major downward volume surge in pre-market trading.  The company warned of forward revenue trends heading south, and you can see the full details if you wish.  As of 9:20 AM EST we have seen almost 150,000 shares trade hands and the stock is down over 22% at $11.50.  [...]

Biodel Shares Implode (BIOD)

Biodel Inc. (NASDAQ: BIOD) is getting murdered today.  It might as well be called Bio-Hell.  Shares are down over 65% at $5.60 on more than 1 million shares after teh open.  On average days it trades under 200,000 shares.  The company said its VIAject met primary endpoints in hypoglycemic events and weight gain in pivotal [...]

ADCT, One of Few Bright Stocks

One of the few bright spots this morning is ADC Telecommunications Inc. (ADCT).  Its earnings last night came in at $0.27 non-GAAP EPS versus $0.26 estimates.  Unfortunately it also lowered its sales targets on weakening telecom equipment orders fvrom telecomunication and data carrier operators.  Shares are indicated higher this Friday morning but still echo issues [...]

Downgrades Affecting These Stocks (KELYA, RHI, KLAC, DRIV, LRCX)

Below are some analyst calls affecting shares to the downside this morning (9:01 AM EST): Kelly Services (KELYA) Cut to Sell at Citigroup; shares indicated down 3%, no volume.  Same call on Robert half (RHI) with no volume but indicated down 3% or more. KLA-Tencor (KLAC) Cut to Equalweight at Morgan Stanley; shares down 1.8% [...]

Price/Volume Spike: Navistar (NAV)

Navistar International Corp. (NYSE: NAV) is trading up this morning but under levels seen in the after-hours session last night.  Shares traded up nearly 10% Wednesday evening in after-hours trading to $59.50 to $60.00 after the commercial truck, bus and engine maker managed to beat earnings and even go so far as to raise its [...]

American Apparel Wins Same Store Sales Game

American Apparel, Inc. (AMEX: APP) is trading up 2% pre-market on strong same store sales data for August.  The apparel retailer is showing that its young adult retail trendy stores aren’t a flash in the pan.  The relatively new apparel retailer posted same store sales for August at +31% on a constant currency basis and [...]

Guidance at Ciena Tanks (CIEN)

Shares of Ciena Corp. (NASDAQ: CIEN) are trading down 17% pre-market and this is going to be one of the more active stocks on NASDAQ: today.  The earnings were fine, but guidance is really sucking wind.  As of 8:30 AM EST we have seen more than 1.14 million shares trade hands and the $14.50 pre-market [...]

El Paso, The Exponential Options Volume Play of the Day

El Paso Corp. (NYSE: EP) isn’t just seeing large and unusual options activity today.  It is seeing exponential options activity ahead of an industry presentation today.  As of 1:58 PM EST we have seen over 100,000 contracts in the OCT-08 $17.00 CALLS.  Before today, the open interest was only 4,528 contracts. While this looks paltry [...]