Archive for December 29th, 2009

Traders Target Small Caps for Market Pullback (TZA)

Small Cap Bear 3X (NYSE: TZA) trading 27,000 January $9 calls, mostly buyers looking for market pullback as the volume is well above the open interest of 4,171.  45% of the trades have traded at the offer, 17% at the bid, and the remainder at the mark, with the larger blocks on the offer.  Small [...]

Trimeris Loses Buyer (TRMS)

Trimeris, Inc. (NASDAQ: TRMS) is getting drummed this morning.  The company’s tender offer by Arigene Co., Ltd. and RTM Acquisition Company is being terminated because Arigene was unable to secure sufficient financing for purposes of funding the tender offer. The tender offer expired on Monday, December 28, 2009.  Trimeris had a market cap of a [...]

Bionovo, The Daily Bio-Chase (BNVI)

Bionovo, Inc. (NASDAQ: BNVI) is not exactly a household name, but the stock is trading up this morning as investors and speculators are chasing any biotech stocks with news if they are low-priced and small cap.  The company announced the publication of results from its study on the anti-tumor mechanism of BN107 in the International [...]

Fannie & Freddie See Day-Two (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trading higher on a second day run after Uncle Sam has effectively noted limitless support for the GSEs in conservatorship.  Fannie Mae (FNM) is up 7.8% at $1.37 on 1.9 million shares and Freddie Mac (FRE) is up 6.8% at $1.71 on 981,000 shares as [...]

VIVUS Submits NDA (VVUS)

VIVUS, Inc. (NASDAQ: VVUS) is trading higher this morning after the company announced that it has  submitted its Qnexa new drug application to the FDA for the treatment of obesity. This also includes weight loss and maintenance of weight loss in patients who are obese or overweight with co-morbidities such as hypertension, type 2 diabetes, [...]