Archive for January 22nd, 2009

Volume Spike: Microsoft Goes FUBAR (MSFT)

Microsoft Corporation (NASDAQ: MSFT) is dropping the ball in a weird way.  The company decided to issue earnings pre-market rather than late after the close of trading.  It isn’t pretty.  The full news summary is here, but it missed earnings, predicted a decline in revenues, cut cap-ex, and slashed 5,000 jobs.  And to top it [...]

Major Volume Spike: DryShips (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is getting killed in pre-market trading today. The company is cutting guidance, canceling ship purchases and cap-ex, cutting its dividend, and hunkering down for what feels and sounds like a grizzly environment ahead.  NEWS SUMMARY at 24/7 Wall St.  Keep in mind that this is one of the most volatile stocks [...]