Archive for September 14th, 2009

Dendreon Stock and Options Go Exponential (DNDN)

Dendreon Corp. (NASDAQ: DNDN) is surging on exponential volume today as traders are speculating, and hoping, that the company will become a takeover target.  The word today is over hopes of a “European drug/bio/ buyer”.  At 2:05 PM EST we have shares up almost 12% at $26.69 and volume is exponential at 8.8 million shares [...]

Elevated Options Trading in Mattel (MAT, HAS)

Mattel Inc. (NYSE: MAT) is trading huge volume in the April 2010 strikes with 1,328 January $20 calls and 9,431 January $22.50 calls trading, and almost all the action new opening buys.  The calls all traded around the same time with a huge block accounting for most of the volume, and the action does not [...]

Obama, Goodyear, Cooper, and China (GT, CTB)

The Obama Adminstration has levied huge import tariffs on imported Chinese tires claiming that they are exported to the US in a manner which damages the American tire industry unfairly.  As we asked in the UNUSUAL SUSPECTS this weekend, “Did President Obama just say, “Blue Horseshoe loves Goodyear?”…. Goodyear Tire & Rubber Co. (NYSE: GT) [...]

Ariad Study Continues Ramping Shares (ARIA)

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) is one of the top gainers this morning after announcing the result of first interim analysis of Phase 3 ‘Succeed Trial’ of Oral Ridaforolimus in metastatic sarcoma… the independent Data Monitoring Committee of the Phase 3 SUCCEED trial has completed the first interim efficacy analysis and has recommended that it [...]

Analyst Whacks First Solar (FSLR)

First Solar, Inc. (NASDAQ: FSLR) is seeing more selling this morning.  Solar cannot really rise as a stock sector in a down market and one where oil is weak.  But then add in a downgrade to SELL….. FSLR was cut to Sell at Soleil this morning.  At 8:44 AM EST we have seen 24,000 shares [...]

Delta Petroleum Sees Sellers (DPTR)

Delta Petroleum Corporation (NASDAQ: DPTR) is giving back some of those monstrous gains in recent session.  There is no news, but Beacon issued a technical report on it after it slipped on Friday.  Friday’s closing bell was $3.83 and the price at 8:40 AM EST was down almost 8% at $3.53 on almost 100,000 shares.  [...]

Salix IBS Study, No Upset Stomach Here (SLXP)

Salix Pharmaceuticals Ltd. (NASDAQ: SLXP) is the biggest gainer seen so far this morning.  With a 50% gain that might be expected.  At 8:33 AM EST we have shares trading up 51% at $20.00+, which is way above its old $13.99 52-week high.  We have also seen 790,000 shares trade hands versus an average volume [...]

Citi Knocks Potash (MOS, POT)

The Mosaic Company (NYSE: MOS) and Potash Corp. of Saskatchewan (NYSE: POT) are both getting clipped on an analyst downgrade this morning.  The two potash leaders were both Cut to Hold from Buy at Citigroup.  Volume is still light because of the specialist being in controil, but that light volume will start to surge as [...]

Sprint Nextel Nears Resistance (S, DT)

Sprint Nextel Corp. (NYSE: S) is seeing  massive surge on weekend reports that Deutsche Telekom (DT) is considering a multi-billion buyout for Sprint.  Sprint has been a rumored name on and off, so treatt this as a rumor until or unless you hear a formal report on it.  At 8:18 AM EST we have a [...]

E*TRADE Upgrade Cheers (ETFC)

E*Trade Financial Corporation (NASDAQ: ETFC) is surging this morning after Citigroup upgraded the online brokerage firm.  The stock was raised to BUY from HOLD and at 8:09 AM EST we have seen over 1.65 million shares trade hands.  This trades about 60 to 70 million shares in a day so look for volume to considering [...]