Archive for November, 2008

Price/Volume Alert: Gafisa S.A. (GFA, TOL)

Gafisa S.A. (NYSE: GFA), the Brazilian homebuilder was delayed on opening this morning.  There was increased selling in Brazil today, and it probably didn’t help that Toll Brothers (NYSE: TOL) in the U.S. said that the company cannot predict a profit in fiscal 2009. This expected home weakness is sort of mind boggling that anyone [...]

Sympathy Trade Alert: VisionChina Media (VISN, FMCN)

VisionChina Media Inc. (NASDAQ: VISN) traded lower in after-hours trading last night, but on very thin volume.  The reason is simple: it is a small advertising competitor to Focus Media (NASDAQ: FMCN). We have not seen any trades this morning, but the price indications are down 2% to 4% as a result.  If Focus media [...]

Price Volume Alerts: Macau Casino Plays (LVS, WYNN, MPEL)

Casino stocks, particularly those with a Macau angle are active in trading today.  There are concerns that Singapore’s government will enter a venture to take over the Las Vegas Sands Corp. (NYSE: LVS) resort in Macau if the company is unable to fight off loan defaults. As Wynn Resorts (NASDAQ: WYNN) is supposed to be [...]

Price/Volume Tanker: Focus Media (FMCN)

Focus Media Holding Ltd. (NASDAQ: FMCN), a Chinese advetising agency for online, outdoor, and print ads, is seeing its stock getting crushed this morning.  Shares are down 34% at $10.69 as 8:38 AM EST this morning after the company posted earnings.  Unfortunately it gave light earnings and issued weak guidance for the quarter ahead.  The [...]

Price Tanker: Sangamo (SGMO)

Sangamo Biosciences Inc. (NASDAQ: SGMO) is seeing its stock crushed this morning.  The biotech’s nerve drug aimed at treating diabetic pain failed a mid-stage trial. This has prompted at least two analyst downgrades this morning: Sangamo Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray. The small cap biotech is seeing [...]

Major Price/Volume Surge: Optimer Pharmaceuticals (OPTR)

Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) is soaring in early hours trading today.  The stock is indicated up 85% at $8.51 on almost 40,000 shares at 8:27 AM EST after the company said that its antibiotic to treat hospital (and long-term care and community) acquired infection met the main goal of achieving clinical cure.  Its results [...]

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 [...]

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 [...]