Archive for November 23rd, 2009

Netlist Losing Hype (NLST)

Netlist Inc. (NASDAQ: NLST) is losing its way.  Last week was actually a very large surprise after seeing it rise after an apparent and false fall from grace.  But maybe reality is setting in that stocks don’t usually rise from under $1.00 in the penny stock category up to over $7.00.  It would be easy [...]

Coffee Merger Trifecta (DDRX, GMCR, PEET)

Diedrich Coffee, Inc. (NASDAQ: DDRX) is soaring on a ceffeinated buyout offer.  Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)) confirmed that it has submitted a proposal to acquire Diedrich Coffee for $30.00 per share in a transaction with a total enterprise value of approximately $247 million.   Diedrich announced that its board of directors had determined [...]

Tech Data Challenging 52-Week High (TECD)

Tech Data Corp. (NASDAQ: TECD) beat earnings and is challenging 52-week highs.  The technology and communications products distribution giant posted $0.84 EPS on a 9.5% drop in revenues to $5.64 billion.  Estimates from Thomson Reuters were $0.71 EPS and $5.33 billion in revenues.  The company it also sees Q4 sales higher in the low to [...]

Cephalon Misses Endpoints (CEPH)

Cephalon Inc. (NASDAQ: CEPH) is down sharply on news that it and privately-held Ception Therapeutics, Inc. did not meet some endpoints.  Cephalon was halted, but shares are down 7.6% at $55.07 on 662,000 shares as of 8:40 AM EST.  After shares were re-opened, the stock was down over 9%.  Average volume is 1.9 million shares [...]

Chinese Stocks Chasing Agritech (SEED, YONG, FEED)

Origin Agritech Limited (NASDAQ: SEED) is so strong this morning on its modified corn approval that it is pulling up two virtually unknown Chinese stocks along with it: Yongye International, Inc. (NASDAQ: YONG) is in the fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in [...]

Origin Agritech New 52-Week Highs (SEED)

Origin Agritech Limited (NASDAQ: SEED) is not exactly a household name in America, but the company is deep in hybrid crop seeds in China.  This weekend came the announcement: “Origin Agritech Announces Final Approval of World’s First Genetically Modified Phytase Corn”… Need say no more. Shares are up 30% at $6.78 at 8:22 AM EST [...]