Archive for December 11th, 2009

Fannie, Freddie, Ambac Run After House Bill Passage (FNM, FRE, ABK)

The US House of Representatives has passed the in a vote of passed 223 ‘for’ to 202 ‘against’ the passage.  What is interesting is that we are seeing a sharp run today in some of the key players, but the ‘volume spikes’ are actually more ‘price spikes’ because the volume is low: Fannie Mae (NYSE: [...]

IMAX Options & Stock Breakout Alerts (IMAX)

IMAX Corp (IMAX)  is trading 5,191 calls off the bell, 6X average volume in 10 minutes of trade, as shares gain 5% and IV soars 17%.  Most of the action is offer side buying in January $12.50 and March $15 calls.  Shares are breaking out on volume to 5 year highs, and expect a strong [...]

Sunesis Pharma Continues 10-Bagger Quest (SNSS)

Sunesis Pharmaceuticals Inc. (NASDAQ: SNSS) is at it again.  The company more than doubled yesterday to $1.39 on over 35 million based upon Tuesday’s leukemia Phase II drug news presented this week.  Traders and investors are speculating that this could be the next small-cap low priced stock that could be a ten-bagger in biotech.  Shares [...]

Deer Consumer Products: Friday’s Top Day Trader Stock (DEER)

Deer Consumer Products, Inc. (NASDAQ: DEER) is a fairly new company as far as the stock market is concerned, and frankly one that has gone mostly unnoticed. It is a Chinese designer, manufacturer of small home and kitchen electric appliances.  The company priced a 6 million share secondary offering at $11.00 per share.  The net [...]

CIENA Tries to Find A Bottom (CIEN)

CIENA Corporation (NASDAQ: CIEN) is getting a little bit of a bounce this morning after yesterday’s mammoth downward volume day.  Shares are trading up 1.7% at $11.92 on 36,490 as of 8:06 AM EST.  We would look for a much more active trading session in Ciena today than this because yesterday saw 29.7 million shares [...]

Color on Dendreon’s Offering (DNDN)

Dendreon Corporation (NASDAQ: DNDN) is trading lower after pricing its 15 million shares secondary offering last night.  The price went off at a deeper discount than the trading activity had hinted at because the price was $24.75 versus a $25.65 close.  The stock had been around $26.50 to $27.00 before the offering was announced this [...]

Christoper & Banks A Top Gainer (CBK)

Christopher & Banks Corp. (NYSE: CBK) is going to be one to watch this morning.  The ladies apparel retailer raised guidance and sees $0.19 to $0.21 EPS versus -$0.05 consensus and sees revenue of $132M vs $123.94M consensus.  Trading volume was not exactly off the charts in the after-hours session last night, but this was [...]