Option Alert: King Kongzhong (KONG)
Kongzhong Corp. (NASDAQ: KONG) is having a strong trading day in the stock, but its implied volatility via options is rising 21% to 58% on the day with shares 13% higher on a positive mention at Navellier. There looks to be more to the move. Two block buyers at the offer on wide spreads of [...]
Fannie & Freddie Give-Back (FNM, FRE)
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are playing give-back this morning after more and more pundits and reports keep calling these stocks (under government conservatorship) worthless. The government can offer unlimited support, but that is no assurance that the stock and preferred shares won’t be wiped out. FNM lost gains seen early [...]
DISH Block Volume Alert
Dish Network Corp. (NASDAQ: DISH) has seen two major block trades this morning. This is possible that it is a clean-up trade or tied to other transactions that have been ongoing. Average volume is only 4.1 million shares. Trades were listed on NASDAQ as follows: 08:37 $21.0797 4,000,000 08:36 $21.08 [...]
OSI Systems Tries For Day Three Run (OSIS)
OSI Systems, Inc. (NASDAQ: OSIS) is trading up again as speculators and traders continue to bet that it will see a rise in airport security systems orders after the failed Christmas underwear bomber attack that was meant to bring down a Northwest Airline flight from Amsterdam to Detroit. Shares were right around $22.00 before the [...]
Compugen Rising Despite Offering (CGEN)
Compugen Ltd. (NASDAQ: CGEN) is actually trading up after the company announced that it has raised proceeds of roughly $20 million to complete its previously announced Controlled Equity Offering facility. A total of approximately 4.1 million ordinary shares were sold at a weighted average price of approximately $4.91 per share upon completion. Shares closed at [...]
China BAK Giving Back (CBAK)
China BAK Battery, Inc. (NASDAQ: CBAK) is getting spanked and spanked hard. Shares are down 25% at $2.72 this morning after the stock ran up from $2.00 to $3.64 yesterday on rumors that it would be making the battery for the next Google phone. If you ever tried using that Google Android phone you might [...]
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