Archive for December 28th, 2009

Fannie and Freddie See Exponential Volume Alerts (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have already been covered earlier and the news is well known by now.  The U.S. Treasury has ended a cap to how much financial aid can be applied to the government sponsored entities already under conservatorship.  Effectively, the Treasury will provide capital on an as needed [...]

Apple’s New Highs, Again… (AAPL)

Apple Inc. (NASDAQ: AAPL) is continuing a run to new highs.  The ‘old-new’ 52-week trading range was $78.20 to $209.35.  Thursday’s close was at $209.04.  At 8:31 AM EST we have shares trading up another 1% at $211.27 on 180,000 shares in the pre-market.  That might not be an unbelievable volume alert, but the fact [...]

Vical Getting the Chase (VICL)

Vical Incorporated (NASDAQ: VICL) is trading up sharply on its report that its Allovectin-7 Phase III trial received a positive review from safety monitoring board.  The independent Safety Monitoring Board for the company’s Phase 3 AIMM trial in patients with metastatic melanoma has completed the trial’s third scheduled safety analysis and recommended that the trial [...]

AMICAS Going, Going, Private (AMCS)

AMICAS, Inc. (NASDAQ: AMCS) is trading up sharply on its announcement that it will go private in a buyout by Thoma Bravo for $5.35 per share.  The company entered into a definitive merger agreement on December 24 to be acquired by an affiliate of Thoma Bravo, LLC, in a transaction valued at approximately $217 million. [...]

IBM Rides Barron’s Wave (IBM)

International Business Machines Corp. (NYSE: IBM) was the cover story in Barron’s this weekend called “Smart Play.” Barron’s noted, “For an industry elder, IBM has the energy of a kid. The company’s stock has surged 54%, profits have risen, margins are higher and its strategy looks strong. So why don’t more investors feel the love?.”  [...]

Compugen Gets Another Run (CGEN)

Compugen Ltd. (NASDAQ: CGEN) is surging on news this morning as traders and investors buy small-cap and/or low-priced biotechs with drug-related news.  The company announced the discovery and experimental validation of CGEN-671, a new drug target for multiple epithelial tumors.  This is a membrane splice variant of CD55, a known drug target for gastric cancer [...]

UAL Feels Pain, Despite Failed Attack (UAUA)

UAL Corporation (NASDAQ: UAUA) is trading lower after the Christmas Day attempt by a Nigerian citizen trying to blow up a Northwest Airline flight from Amsterdam as it descended into Detroit. While this might have no major impact as it was unsuccessful, UAL shares are indicated lower.  UAL (UAUA) shares closed at $13.09 on Thursday [...]

Fannie & Freddie Get Uncle Sam Nods (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both surging this morning over reports going into the holiday weekend that the U.S. Treasury has ended a cap to how much financial aid can be applied to the government sponsored entities.  Effectively, the Treasury will provide capital on an as needed basis to both [...]