Top Day Trader Alerts (CSCO, CNAM, NBG, FSLR, JSDA, DRYS, FEED, BWEN, FMD)

Posted in Uncategorized 
March 9th, 2010

Cisco Systems, Inc. (NASDAQ: CSCO) is trading up another 0.8% at $26.34 and challenging yesterday’s $26.36 52-week high.  At 8:26 AM EST we have seen over 900,000 shares trade hands ahead of the 11 AM announcement that will “forever change the internet.” UPDATE 9:11 up 0.7% at $26.32 on 2.4 million shares.

China Armco Metals, Inc. (NASDAQ: CNAM) is down 4% at $9.05 on 15,000 shares as of 8:30 AM EST.  This stock has been all over the place since last week and has recently seen a high of $11.10. UPDATE 9:11 AM Down 3.1% at $9.15 on 16,500 shares.

National Bank of Greece SA (NYSE: NBG) was not listed in our top ten analyst calls this morning but should have been.  Deutsche Bank has downgraded the Greek bank to Hold from Buy due to its finance woes due to the Greek situation.  At 8:25 AM EST we have shares down almost 3% at $4.22 on about 450,000 shares.  Average volume is now over 3 million shares versus what was not even a half-million as recently as November.  Update 9:11 AM -2.76% at $4.23 on almost 500,000 shares.

First Solar, Inc. (NASDAQ: FSLR) is still rather thin in volume but shares are down about 4% at $104.45 as of 8:25 AM EST.  The stock was downgraded to Underweight at JPMorgan. Update 9:11 AM -2.7% at $105.70 on 74,000 shares,

Jones Soda Co. (NASDAQ: JSDA) didn’t catch someone peeing in the drink mix but you wouldn’t know it if you saw the stock.  At 8:28 the shares are down 40% at $0.50 on only about 24,000 shares after a $0.84 close yesterday.  The 52-week range is $0.40 to $1.53.  Reed’s and Jones Soda are merging or at least have a letter of intent to merge; JSDA shareholders will receive 0.17 of a share of REED and will receive cash of $0.10 per JSDA share.  Reed’s closed at $1.58 yesterday so the merger price there would be almost $0.37.  Jones’ CEO will depart the company.  This is actually a “takeunder’ if it is even allowed.  UPDATE at 9:11 AM shares are down ‘only’ 26% at $0.62 on 31,000 shares.

DryShips, Inc. (NASDAQ: DRYS) is trading down about 1% at $6.03 on 200,000 shares as of 8:32 AM EST.  This is after yesterday’s price/volume spike up on rumors which have all but been panned by market watchers as hearsay. Update 9:12 AM -0.6% at $6.06 on 340,000 shares.

AgFeed Industries, Inc. (NASDAQ: FEED) is trading up 17.5% at $5.30 on 281,773 shares as of 8:35 AM EST. The company posted record revenues and said production volumes increased by 66% in the company’s hog division and 56% in the animal nutrition division.  Total 2009 revenue was a record $173.2 million, an increase of over 20% from 2008. Update 9:12 AM EST up 18% at $5.33 on 890,000 shares.

Broadwind Energy, Inc. (NASDAQ: BWEN) is up after JPMorgan started the stock with an Overweight rating and a $6.50 target.  Shares are up 3.7% at $5.30 on about 13,000 shares as of 8:35 AM EST.

First Marblehead Corp. (NYSE: FMD) is up 6% at $2.91 on about 15,000 shares as of 8:40 AM EST.  The OTS terminated a cease and desist order for its Union Federal unit which it is still evaluating alternatives.  This stock had originally indicated higher and above $3.00 after a $2.74 close.

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JON C. OGG

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