Archive for October 8th, 2009

eBay Options Trading Surge (EBAY)

eBay Inc. (EBAY) shares have hit 52-week highs today as a lawsuit against Skype is dropped and shares were upgraded at Kaufman to a Buy.  Shares are trading 15X forward earnings, and estimates seem too low for a company still seeing growth in core assets like Skype and PayPal, with the ability to spin off [...]

Plug Power Surges on 3M Pact (PLUG, MMM)

Plug Power Inc. (NASDAQ: PLUG) has just seen a major volume spike with a move to the upside on a news headline.  A press release was issue that 3M (NYSE: 3M) and Plug Power entered into an exclusive commercial supply agreement for 3M membrane electrode assemblies to be used as a critical component in Plug [...]

Vonage Plays Give-Back (VG)

Vonage Holdings Corporation (NYSE: VG) is playing give-back right after the open…. Shares closed up sharply at $2.00 yesterday from $1.44 on the day before, and the trading volume was listed as a whopping 95 million shares after Citi tripled its price target.   At 9:38 AM EST we have already seen over 7.5 million shares [...]

Trading Color on Universal Display (PANL)

Universal Display Corp. (NASDAQ: PANL) saw a major volume spike late yesterday.  The move was on no news, but it was after a portfolio manager touted the stock and its OLED patent portfolio on CNBC late in the afternoon.  News hit after the close that Universal Display was awarded two new U.S. Department of Energy [...]

Sequenom Mystery Gains Continue (SQNM)

Sequenom, Inc. (NASDAQ: SQNM) is continuing to hold up despite it being a ship with no real captains and no real crew.  There were earlier-week reports that it had met with the government over the debacle for its tests on reports that it met with the U.S. Attorney, the SEC and FBI to discuss the [...]

DryShips Cruises On (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is seeing a surge in pre-market trading, although it may seem muted in comparison to the good old days when this would open up or down by more than 10% on what felt as though was almost every day.  This higher yesterday at $6.73 on the Baltic Dry index but then [...]

Century Aluminum Acting As Leveraged-Alcoa Trade (CENX)

Century Aluminum Co. (NASDAQ: CENX) is acting like a leveraged Alcoa based on its trading.  We gave a full list of aluminum and metals stocks that ran last night but this morning’s move in CENX is even stronger. At 8:42 AM EST we have seen some 160,000 shares trade hands, but the stock is up [...]

Labopharm Continues Its Surge (DDSS)

Labopharm Inc. (NASDAQ: DDSS) already had a huge day on Wednesday.  But so far Thursday is looking to be a repeat gain.  At 8:38 AM EST we have seen 645,000 shares trade hands, which is effectively a normal trading day’s worth of volume.  The stock is also up 16% at $2.18.  The 52-week trading range [...]

Longer Support & Resistance for Alcoa (AA)

Alcoa Inc. (NYSE: AA) is still trading up after its unexpected profit rather than a loss was reported last night.  Unfortunately, the stock is off its highs and has traded back under the $15.00 handle right at 8:00 AM EST.  At 8:05 AM EST we have already seen 1 million shares trade hands and the [...]