Archive for November 11th, 2009

Blue Horseshoe (hates) Brocade?

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is getting its feelings hurt in after-hours trading after H-P (NYSE: HPQ) decided to spend $2.7 billion to buy 3Com (NASDAQ: COMS).  Many have been under the assumption that Brocade Communications would be bought by H-P.  The good news is that someone else may now need to look at [...]

Stock/Option Volume Alert in Toll Brothers (TOL)

Who said home builders won’t do well as an investment?  Toll Brothers Inc. (NYSE: TOL) is soaring on exponential trading volume today.  We have seen almost 5X volume in the stock as at 2:10 PM EST there have been 17.2 million shares versus less than 4 million on average.  The gain is to $21.10 and [...]

Motorola Stock & Option Volume Alert (MOT)

Motorola Inc. (NYSE: MOT) is closer and closer to becoming just a handset pure-play.  We noted on our rumor round-up that it was looking to sell its Home & Communications unit per the WSJ.  Despite shares still being down 1.6% at $8.71, we have seen substantial trading in stock and even seen elevated options trading.  [...]

Options Alert in Retail Giants (M, JCP, WMT, JWN)

Retailers are seeing a lot of options action today after Macy’s Inc. (NYSE: M)  fell 8% after reporting quarterly results, and Wal-Mart announced it expects a difficult holiday shopping season.  The names with the action will all report earnings this week, J.C. Penney Company, Inc. (NYSE: JCP), Wal-Mart Stores Inc. (NYSE: WMT) and Nordstrom Inc. [...]

MetroPCS Options Alert (PCS)

MetroPCS (NYSE: PCS)  traders continue to gamble on the potential of a takeover as implied volatility sits at 77%.  Today, 15,000 November $7.50 puts were closed and rolled into a bullish position with shares at $5.90.  The trader sold 15,000 February $5 puts and bought 15,000 February $7.50 calls for a 5 cent debit. -Joe [...]

MannKind Option Alert (MNKD)

MannKind Corp. (NASDAQ: MNKD) sees a very bullish purchase of 7,000 May $7.50 calls at the $2.50 offer with a $2/$2.50 spread.  Implied volatility is up 6.7% to 127%.  After selling off in early October shares formed a rounded bottom around $5.  Shares could possibly be a takeover target, and with Merck recently saying it [...]

Regeneron Volume Catches Up To News Impact (REGN)

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) has finally seen its trading volume catch up to its news.  We were baffled this morning about the significant underperformance and low trading volume.  At 10:58 AM EST we have shares up over 18% at $18.72 on over 1.7 million shares.  Average volume is now over 500K and the 52-week [...]

A123 Revenues Ahead, Not Enough? (AONE)

A123 Systems, Inc. (NASDAQ: AONE) is trading down after it managed to beat revenue expectations last night at $23.6 million vs. $19.2 million estimates.  The recent electric car battery IPO has really cpome off of highs since the IPO hype was there.  The company tried to ease concerns about its relationship with Chrysler a week [...]

AIG Potentially Leaderless (AIG)

American International Group, Inc. (NYSE: AIG) is under pressure.  The company could find itself leaderless again.  Its new CEO Benmosche reportedly notified the board of directors that he was considering stepping down because of the tasks of operating the business under as strict of government control and because salary restrictions are too harsh to bring [...]

MBIA & Third Avenue (MBI)

MBIA Inc. (NYSE: MBI) is trading up this morning after it got crushed yesterday.  The rise is after Third Avenue Management, home of M.J.Whitman, announced a stake of 5.4+ million or 2.64%.  Shares are up almost 4% at $3.66 on right at 100,000 shares as of 8:48 AM EST.  This is on the heels of [...]