Archive for December 10th, 2009

STOCK & OPTIONS ALERT in Energy Conversion (ENER, AMAT)

Energy Conversion Devices, Inc. (NASDAQ: ENER) is surging again, on the same reason it surged before…. buyout rumors, with Applied Materials (NASDAQ: AMAT) listed as the rumored buyer.  Many have pointed out that this would mark a directional-change for Applied as they are generally farther up the supply-side of the chain.  Nonetheless, it is a [...]

Exponential Volume Alert in Sunesis (SNSS)

Sunesis Pharmaceuticals Inc. (NASDAQ: SNSS) is seeing an explosion in trading volume today.  What needs to be remembered here is that this is a micro-cap penny stock….. The $0.795 price at 11:30 AM EST is after a 32.5% gain in the share price, and its market cap is $27.3 million.  Trading volume is over 4 [...]

Gartner Hit on Secondary (IT)

Gartner Inc. (NYSE: IT) is not your usual pre-market mover.  At 8:29 AM EST we have shares trading down 6.7% at $17.10 after a $18.34 close Wednesday.  The company has a secondary offering coming of 8 million shares being sold by Silver Lake.  None of the proceeds from the sale by Silver Lake will go [...]

Apollo Investment Absorbs Secondary Well (AINV)

Apollo Investment Corporation (NASDAQ: AINV) is trading lower this morning but better than some might expect.  The company sold 10 million shares in a secondary offering at $9.82 versus a $9.82 close yesterday.  At 8:26 AM EST we have seen shares trade down 0.8% at $9.74 on over 300,000 shares.  The 52-week trading range is [...]

Ciena’s Earnings Indigestion (CIEN)

Ciena Corporation (NASDAQ: CIEN) is trading lower this morning after the company missed its earnings at -$0.12 EPS vs. -$0.07 estimates.  The bright side was revenues, off only 1.9%, at $176 million versus estimates of $168 million. Ciena noted cautious customer spending but the company noted that its order book so far this quarter should [...]

Akeena Solar Takes Top Gainer (AKNS)

Akeena Solar, Inc. (NASDAQ: AKNS) is soaring this morning as the top percentage gainer on NASDAQ.  At 8:165 AM EST we have shares trading up 46% at $1.45 on 140,000 shares of stock.  The company’s Andalay AC solar panels are now being sold at Lowe’s home improvement stores.  Average volume here is a mere 187,000 [...]

Netlist on Leader Board Again (NLST)

Netlist, Inc. (NASDAQ: NLST) is at it again.  The stock is using an up-day on futures to have its shares higher.  Shares closed Wednesday up at $6.11 versus a $5.29 close on Tuesday and on over 10 million shares for the first time since before Thanksgiving.  This morning at 8:12 AM EST we have shares [...]