Archive for December 7th, 2009

Options Alert in Adobe Systems (ADBE)

Adobe Systems Inc. (NASDAQ: ADBE) is seeing shares mostly flat on the day with implied volatility up 3% to 35% ahead of the 12/15 earnings date.  More than 9,000 puts have traded as of 11:30 AM EST, with 94% bought offer side in massive blocks of December $37 and $36 puts.  Shares have been rejected [...]

Sprint Nextel Getting Barron’s Bump (S)

Sprint Nextel Corporation (NYSE: S) is surging after we noted it as an unusual suspect this weekend based on Barron’s calling the stock undervalued by as much as 50% and a deal closure with iPCS separately.  Shares are up 4.8% at $3.87 on 1.9 million shares as of 8:51 AM EST.  Average volume is close [...]

NVIDIA/AMD Win As Intel Scraps Chip (NVDA)

NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NYSE: AMD) surging this morning after Intel Corp. (NASDAQ: INTC) has canceled the launch of its own graphics chipset based on its own Larrabee design.  The reason cited was because the silicon and software development were said to be behind where Intel was hoping they would [...]

Cell Therapeutics Seeing Volume Surge (CTIC)

Cell Therapeutics, Inc. (NASDAQ: CTIC) is trading up after it disclosed data from the pivotal phase III EXTEND clinical trial of pixantrone in relapsed or refractory, aggressive non-Hodgkin’s lymphoma patients who have failed 2 or more prior therapies. The company noted that updated analysis with additional follow-up data  were conducted and support the initial clinical [...]

Somaxon’s FDA Hurdle, Again (SOMX)

Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) was halted after it received a Complete Response Letter from the FDA for its New Drug Application for Silenor for the treatment of insomnia.  The FDA has determined that the NDA cannot be approved in its present form. Somaxon previously received a Complete Response Letter for the NDA in February [...]

Trade Alerts in Apple (AAPL)

Apple Inc. (NASDAQ: AAPL) was given a sell signal on Friday from INO’s Adam Hewison, one of our affiliates, with a full audio-video presentation.  This is technically an “exit long positions” more than a short sell alert, but many will take it the same. What is interesting here is now it looks like AAPL stock [...]