Archive for September, 2008

How Did Comstock Homebuilding Do It? (CHCI, XHB)

Comstock Homebuilding Companies Inc. (CHCI) is looking like a crazy micro-cap stock in the crazy homebuilder sector.  This stock doesn’t even fit the bill of any stock screens we run because even after this massive run its market cap is still under $20 million.
Yet Comstock’s stock is up a whopping 150% at $0.927.  Its 52-week [...]

Traders Buying Put Protection In Qualcomm (QCOM, RIMM, NOK)

We are starting to see some increased put option buying in Qualcomm Inc. (NASDAQ: QCOM) today.  This is after CNBC comments this morning from CEO Paul Jacobs where he commented that higher-end smartphone and PDA-phone replacements seem to be slightly longer replacement cycles than in the past.  Based upon the current economy and based upon [...]

Price/Volume Spike: CROCS, Inc. (CROX)

We are seeing an increased trading momentum in shares of CROCS, Inc. (NASDAQ: CROX) today.  Besides online sites touting the stock as cheap over the last few days, there hasn’t been any fresh news driving the stock.  We have speculated or pondered whether this would ultimately be acquired or not, but declines in energy prices [...]

McAfee Hit on Analyst Duel (MFE, SYMC)

McAfee Inc. (NYSE: MFE) is trading lower just before the open.  The brokerage firm FBR has downgraded its rating on the data security company to “Underperform” from “Market Perform” in its coverage this morning.  The obvious concern is that companies are pulling back on certain data security spending efforts, although this differs from firm to [...]

Ambac Rallying on Approval (ABK)

Ambac Financial Group, Inc. (NYSE: ABK) is trading higher after its Ambac Assurance Corp. has received clearance from the Wisconsin Department of Insurance to reactivate its Connie Lee Insurance Co. unit.  The company now can begin offering financial guaranty coverage of municipal bonds and other products in the state.
Ambac also reported a $2.47 billion unrealized [...]

Shanda Interactive Scores On Earnings (SNDA)

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is trading up nearly 6% pre-market on somewhat thin volume.  The Chinese market gaming software company reported earnings of $0.58 EPS before items, but the company was only expected to post 0.51 EPS.
Shanda has traded only 11,880 shares as of 8:46 AM EST and shares are up 5.8% at [...]

Alexza's Schizophrenia Score (ALXA)

Alexza Pharmaceuticals Inc. (NASDAQ: ALXA) announced positive results from a clinical trial of its Staccato drug in schizophrenic patients with acute agitation. Shares are indicated up almost 10% on first look this morning, although no trading has been seen.
Average daily volume in this issue is only about 115,000 shares.  Its 52-week trading range is $3.75 [...]