Archive for September 21st, 2009

Calls Active in Airliners (CAL, DAL, LCC, JBLU)

Airliners are seeing massive call option action today with Continental (NYSE: CAL) trading more than 7,700 October $18 calls with shares at $16.80; Delta (NYSE: DAL) trading more than 13,200 October $10 calls with shares at $9.35; and US Air (NYSE: LCC) trading more than 10,600 October $6 calls with shares at $5.18.  Furthermore, JetBlue [...]

BioCryst… Active Trading, Yet Directionless (BCRX)

BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) is trying to find a trading direction.  Shares were initially down on word that it was awarded an additional $77.2 million by the U.S. Department of Health & Human Services to develop Peramivir for influenza… This is a great headline, but TheStreet.com ran a headline saying that this was also [...]

Delta Petroleum, Only Hell in the Well (DPTR)

Delta Petroleum Corporation (Nasdaq: DPTR) is getting whacked and battered today.  The independent oil and gas exploration and development company announced initial completion results from the Gray 31-23 well in the Columbia River Basin. The company said that the six lowermost zones demonstrated high pressures as expected, but have flowed only fresh water to date. [...]

Amgen Study Helps (AMGN)

Amgen, Inc. (NASDAQ: AMGN) is seeing some positive action this morning.  The biotech and drug maker announced Phase 3 trial results evaluating denosumab versus Zometa in advanced cancer patients with solid tumors or multiple myeloma showing that denosumab delayed skeletal related events (osteoporosis etc.).  Shares are up over 2% at $62.20 on over 175,000 shares [...]

Perot Bought… Sell Sell Sell (PER, DELL)

Perot Systems Corp. (NYSE: PER) is being acquired for one hell of a premium… Dell Inc. (NASDAQ: DELL) has agreed to buy the information technology services company Perot Systems Corp. for about $3.6 to $3.9 billion depending on whether you include debt, but this $30.00 buyout price is at a whopping 68% premium  This move [...]

Lennar and Talking Heads… Burning Down the House (LEN)

Lennar Corp. (NYSE: LEN) is trading lower after the homebuilder gave a wider loss after it continued to write down the value of its land and unsold homes.  While the company said that customer orders were down 8% from the prior-year period, its new orders increased each month during the quarter and the Lennar said [...]

Potash Smells on Guidance (POT, MOS)

Potash Corp. of Saskatchewan (NYSE: POT) is down after the fertilizer and potash player lowered its 2009 earnings guidance to $3.25 to $3.75 from $4.00 to $5.00 and compared to First Call consensus estimate of $4.16. The company also expects Q3 EPS to be at the low end of prior guidance.  Shares are down close [...]