Archive for August 18th, 2010

Explosive US Steel Options Volume (X)

United States Steel Corp. (NYSE: X) is seeing an explosion in its options trading on Wednesday.  Much is likely ahead of expiration for August this coming Friday.  But this also has to do with some speculation of a merger coming back to the metals sector.  If in ag and potash, why not steel or other [...]

Major Volume Spike in American Apparel (APP)

American Apparel, Inc. (AMEX: APP) is getting crushed.  Again.  We are seeing a second trading day of high stock volume after the Tuesday disclosure of a “going concern” where it might not be able to meet requirements and obligations inside its credit pact.  The company also disclosed that U.S. AG is looking into the circumstances [...]

Cardica Signs Deal With Intuitive

Cardica, Inc. (NASDAQ: CRDC), the company which makes medical instruments for coronary bypass operations, skyrocketed in pre-market trading today from $1.66 to $2.50, an increase of 5o.6%.  This growth comes during a 52-week range of $1.00 to $2.85, and is marked by the movement of 26,200 shares; a very significant amount for pre-market trading compared [...]