Archive for January 21st, 2010

Somaxon, The Great Double (SOMX)

Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) has soared in after-hours trading after it provided an update on the status of its New Drug Application for Silenor for the treatment of insomnia and said that the FDA acknowledged that this resubmission would be considered a complete response.  This also noted that no additional safety or efficacy data [...]

Some Banks May Win In Regulation (CMA, FITB, STI, KEY, RF)

We won’t bother telling you about the proposed regulation that was just proposed by the White House today, nor will we bother telling you how bad that regulation will be for the bulge bracket brokerages and money center banks on huge volume losses earlier after the news broke this morning.  Oddly enough, this may actually [...]

Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)

We won’t bother complaining about or praising why these banks and brokers are down so much today.  You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST: JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50% [...]

Top Tech Movers (EBAY, GRMN, LOGI, PLXS, JAVA, ORCL, STX)

eBay Inc. (NASDAQ: EBAY) ex-Skype figures were up 18% and the company beat estimates and raised guidance.  Frankly, after a 125% gain the guidance did not seem strong enough to justify this move, but the market is always stronger than one voice or one opinion.  Shares are up 8.8% at $24.20 on 1.47 million shares. [...]