Archive for November 10th, 2008

Downward Volume Surge: Goldman Sachs (GS)

Goldman Sachs Group inc. (NYSE: GS) better go ahead and announce whatever bold new strategy it wants to do as a bank holding company.  This stock is down another 7.6% at $71.88 on active volume.  At 10:57 AM EST it has seen 15.7 million shares trade hands, yet its average daily volume is about 22.6 [...]

Massive Volume Spike: XenoPort (XNPT, GSK)

XenoPort, Inc. (NASDAQ: XNPT) is generally a thin volume stock, but that is changing today.  The company is seeing milestone payments from GlaxoSmithKline (NYSE: GSK) delayed because of the  Solzira new drup application withdrawal.
Solzira was a drug to treat restless legs syndrome, and now regulators requested the data in a single study to be reformatted.
XenoPort [...]

Price/Volume Spike: Stem Cell Stocks (GERN, STEM)

We are seeing a sharp rise in stem cell stocks right after the open today.  Geron Corporation (NASDAQ: GERN) said that its scientists and collaborators have demonstrated that a small molecule telomerase activator called TAT2 enhances the antiviral function of immune cells from HIV+ donors.    Gern shares were up much more out of the chute [...]

Price Volume Spike: DryShips (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is surging… at 9:34 AM EST we have seen a 9% gain to $15.05 on 705,000 shares.  The reason is pretty simple….. China’s bailout stimulus package of $586 billion over two years.  Shippers have been killed while China has gone off the world markets.
this trades an average of 4.5 million shares, [...]

Price Tanker: American Capital, Ltd. (ACAS)

American Capital, Ltd. (NASDAQ: ACAS) is seeing its stock getting killed right before the open this Monday morning.  The company has three announcements:
1) Losses because of unrealized depreciation on investments, at -$2.63 EPS.
2) acquisition of European Capital’s remaining stake for roughly $158 million.
3) The biggie… DIVIDEND SUSPENSION
This company has been a habitual stock seller, and [...]

Price/Volume Surge: Foundry & Brocade (FDRY, BRCD)

Foundry Networks, Inc. (NASDAQ: FDRY) is trading higher in pre-market trading after it and acquirer Brocade Communications Systems, Inc. (NASDAQ: BRCD) agreed on Friday to revised merger terms.  Foundry stockholders would be entitled to receive $16.50 per share in an all-cash transaction at the closing of the deal, as previously announced by the companies on [...]

Centennial price/Volumke Surge on AT&T Deal (CYCL, T)

Centennial Communications Corporation (NASDAQ: CYCL) is trrading up over 100% right before the open.  AT&T (NYSE: T) announced late Friday that it was acquiring the regional cellular player.  We have seen 1.4 million shares trade by 9:19 AM EST.  Last trade was $7.81, cash buyout price is $8.50.
Jon C. Ogg
November 10, 2008