Friday, April 30, 2010

Dendreon Stock/Option Volume Analysis (DNDN)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By now you know the news for Dendreon Corporation (NASDAQ: DNDN).  It turns out that the pre-event snapshot gave a very close and accurate read on what to expect from the volatility trade in options ahead of PROVENGE getting FDA approval.

And this morning shares hit yet a new high of $55.00.  At 10:50 AM EST we have shares up 9.05% at $54.72 on 18 million shares of common stock having traded hands.  That is 4-times normal volume and this should put DNDN on track to trade even more shares this Friday than it did yesterday when it traded 30,615,100 for a $50.18 close.  The closing bell the day before was $39.62.

We have also seen almost 60,000 CALL options trade today in the May-2010 expirations.

Dendreon traded 31 million shares on March 2, but this was only a $33.26 stock at the time. Then there is the point where Dendreon turned the corner last year:

  • April 29… 48,319,000 shares to close at $22.94.
  • April 28… 33,026,400 shares to close at $11.81.

Then there was April 14 when 65,410,500 shares traded for a close of $16.99 versus a $17.30 close the day before.

The last time for 30+ million before then was October 6, 2008, when 35,721,400 shares traded for a close of $6.93.

Stay tuned…


Tuesday, April 27, 2010

Tellabs 52-Week High Alert (TLAB)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Tellabs Inc. (NASDAQ: TLAB) is trading up sharply after the telecom equipment maker said that first quarter earnings were $0.11 EPS, higher than the $0.09 estimate from Thomson Reuters.  Revenue was also up by about 5% at $379.7 million versus $371.5 million expected.

At 9:02 AM EST we have shares up about 10.5% at $9.08 on over 600,000 shares.

Average volume is 6 million shares and the preior 52-week trading range is $4.71 to $8.61.

This is not just 52-week highs, but multi-period highs. It appears that the last time shares were over $9.00 was in October 2007.


Lexmark Earnings, New 52-Week Highs (LXK)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Lexmark International Inc. (NYSE: LXK) is trading substantially higher after earnings, which came in at $1.35 EPS, about $0.46 above consensus and needs verifying.  Revenue rose about 10% to $1 billion, which was in line with estimates.  At 8:53 AM EST we have shares up 9.2% at $43.60 on about 75,000 shares.  The stock is now trading at new 52-week highs as the listed range before this morning’s pre-market trading session is $14.23 to $40.65 and te average volume is about 2.5 million shares.


Friday, April 23, 2010

National Bank of Greece Doubles Volume (NBG)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

National Bank of Greece SA (NYSE: NBG) has 90 minutes to go before the closing bell, and traders are still perfectly yoked at equilibrium…. Greece finally asks for help and the new line has shares effectively flat at $3.13 on over 13.6 million shares as of 2:30 PM EST.  Average volume is only 6.6+ million, so we have now already seen 200%+ of volume with more time until the close.  Trading volume was over 20 million shares, so this is yet another day in paradise.

If you want all of The New Greek Financial Terms, this is a little humor.


Acura Gets FDA Slap (ACUR, KG)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Acura Pharmaceuticals Inc. (NASDAQ: ACUR) is getting crushed this morning after an FDA advisory panel recommended that the FDA not approve its new opioid painkiller Acurox. Its partner King Pharmaceuticals Inc. (NYSE: KG) is also down on the news.  Average volume in Acura is only 130,000 shares and the 52-week trading range was $4.00 to $9.13.

Acura is down 37% at $3.70 on about 175,000 shares as of 9:27 AM EST.  King was indicated lower but is now flat at $11.10 on very thin volume.


An Ericsson Surprise (ERIC)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

LM Ericsson Telephone Company (NASDAQ: ERIC) is trading higher, although our first look at earnings indicated a miss in local currency.  We saw that (Swedish Kronors) was 0.39 EPS versus an estimate of 0.38 and revenue fell 9% 45.1 billion (again, Kronors).  Shares closed at $11.26 on Thursday, and shares were up 6% at $11.95 on over2.6 million shares as of 8:57 AM EST.


Thursday, April 22, 2010

E*TRADE Taken as a Punt So Far (ETFC)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

E*TRADE Financial Corporation (NASDAQ: ETFC) is down on profit taking into a soft tape this morning.  The online broker lost -$0.02 EPS vs -$0.03 estimates from Thomson Reuters; total customer assets rose; net operating interest income flat; loan loss provisions fell $24 million.  Shares are trading down only about 0.5% at $1.81 on 700,000 shares as of 8:49 AM EST.  This one had been up initially after the report but the soft tape and profit taking had this one down almost 2% earlier this morning.  With an average volume of more than 39 million shares and some days with 100 million shares traded, this “volume spike” should maybe be considered a “volume whimper.”


Wednesday, April 21, 2010

Not-Jumping Juniper (JNPR)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Juniper Networks, Inc. (NASDAQ: JNPR) is down despite the notion that it beat earnings at $0.27 EPS vs. $0.26 estimates but its outlook for the current quarter is only in-line with estimates. Revenue was put at $950 million, plus or minus $20 million, versus expectations of $945 million and earnings were only guided in-line.  So much for that catching up to Cisco…. Shares were down as much as 7% after the news after closing at $31.56 yesterday.  Shares are down 6.55% at $29.49 on almost 200,000 shares as of 8:58 AM EST.  This 52-week range is $17.59 to $32.16 and average volume is 6.5 million shares.

JON OGG Sent to the Showers (VITC)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software, Inc. (NASDAQ: VITC) is getting hammered and may be the worst performer out there today after it lowered guidance.  The stock has been downgraded everywhere: Jefferies, Benchmark, Needham, and at Roth.  This one has been public for less than a year, so as they tell a rookie pitcher after he gets drummed in his first game as they send him to the showers, “Welcome to the majors kid!”…. At 8:52 AM EST the stock is down 31% at $8.68 on 207,000 shares.  That has already passed its average daily volume with more than 30 minutes to open.


Tuesday, April 20, 2010

Apple’s New All-Time Highs (AAPL)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Apple Inc. (NASDAQ: AAPL) has reopened after its trading halt.  The company handily beat earnings estimates and estimates on margins, iPhones, iPods, and iMacs…. and shares are sharply higher.  Shares closed down 1% at $244.59, and the stock is up around $263.00 in the after-hours session.  The prior 52-week and all-time high was $251.14.

Keep in mind that each $1.00 up in share price is close to $900 million in market cap.  The stock is now up around $261.00 and it hit $264.00 in the after-hours session.


Not So Magic After All (MTG)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

MGIC Investment Corp. (NYSE: MTG) is getting drilled this morning. The good news is that MGIC’s first quarter loss narrowed and it saw sharply lower claims costs. The problem is that the mortgage insurer said it is going to sell at least $700 million in stock and also $300 million of convertible senior notes in order to repay debt in 2011 and to boost liquidity.

MGIC’s 52-week trading range is $2.00 to $13.80 and average volume is 5.26 million shares.  At 11:02 AM EST we have already almost doubled the average volume with 10.3 million shares and the stock is down 12.8% at $10.91.


Guide to Freshwater Tropical Fish Species

Freshwater Tropical Fish Species

Have you been searching for premium African tropical fish?

There is a huge collection of beautiful tropical fish from this

freshwater zone. Below mentioned are some models of the various kinds of fish obtainable which can add to the grace of any aquarium.

A very popular African tropical fish is known as cichlids. This contains African Butterfly cichlids, Congo dwarf cichlids andjewel cichlids. In addition to these, there are numerous cichlids like Fuelleborn cichlid, Peacock cichlid and many more from the Rift Valley. These sorts of fish are popular for having diverse colors and their pugnacity. Usually these fish do not endure other fish of the same type in their fish tank but they even assault the fish which carry the same color onventions.

While buying any of the above mentioned African tropical fish, its important to verify their appropriateness with the rest of the fish in the aquarium, or you may endanger your fish causing a lot of trauma to the cichlid. While reproduction, these
kind of cichlids are also popular for using their mouths for preserving their eggs. Another popular member in the cichlid genre is the blistering Kribensis, which mostly stays at the bottom of the fish tank, is astonishingly soft and manageable
unlike its kin.

Killifishes, one more kind of an African tropical fish which doesn't belong to the cichlid family. These fish are popular for their typical vibrant colors, marks and lines. While hunting minute insects like mosquitoes and flies, these fish tend to take small hops out of the water. Just as the cichlids, killifishes are popular for their pugnacity against the minor fish. The killifishes also eat the small fish. Also whenever these fish are placed in the fish tank with the fish it can accommodate with, these fish adds loads to the overall appeal of the aquarium.

The aforesaid fish are the major fish to keep in mind while selecting for your aquarium. Whenever going through various fish of this form, make it compulsory to inquire if your fish would need both live and made up food. Considering the active traits of these cichlids and the rest, it might be mandatory to cater these with live mosquitoes, flies, brine shrimps and blood worms.

By adding the African tropical fish to your aquarium, you qualify in the list of aquarium owners who take the challenge to nourish and guard the more combative, confronting species. In accomplishing fundamental aquarium maintenance, monitoring
their diet and engendering habits, you will relish your tropical fish in the years ahead.


Tropcial Fish Lovers

Freshwater Tropical Fish Species.

MGM Analyst Endorsement (MGM)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

MGM Mirage (NYSE: MGM) is trading higher this morning on an analyst upgrade that is actually an upgrade of semantics more than an upgrade of stature.  The casino operator was raised to the Conviction Buy List at Goldman Sachs, although the firm already had a Buy rating on MGM. For whatever it is worth, Credit Suisse resumed coverage with a Neutral rating and a $12 target.  At 8:34 AM EST we have shares up 3.35% at $14.50 on over 200,000 shares.  The 52-week range is $4.50 to $15.80.


Monday, April 19, 2010

Citigroup’s 1 Billion Shares (C)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

At NOON EST, Citigroup Inc. (NYSE: C) is already over 1 Billion shares traded…. We have seen 1,047,519,334 for a 4.15% at $4.75 as of 12:07 PM EST.

The last 3 days volume is listed as follows:

  • 1,861,507,200
  • 1,534,024,800
  • 1,035,775,400

Then there the four days in March from the 9th to the 12th:

  • 1,277,886,800
  • 1,189,846,200
  • 1,209,032,400
  • 1,101,221,500

Today is likely going to be at least the second or third most active day for Citigroup in 2010.


Citi’s 100M Share Pre-Market (C)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Citigroup Inc. (NYSE: C) is seeing a huge volume trade after earnings, although not such a huge price move.  The troubled bank reported earnings of $4.4 billion in its first quarter as trading rebounded.  This is being taken as further evidence that the big bank may have continued in its turnaround efforts.  The firm indicated that trading revenue offset its loan losses in the portfolio.  At 9:01 AM EST the stock is up 1.5% at $4.63.  The amazing figure is the 95 million shares with 30 minutes remaining before the official market open even occurs.


A Muted Goldman Day Two, So Far (GS)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Goldman Sachs Group Inc. (NYSE: GS) is looking to be rather dull in comparison to what we saw on Friday.  Friday’s 12.8% drop to $160.90 is being followed up by a 1.2% drop to $158.70 on 655,000 shares as of 8:54 AM EST.  This one traded over 100 million shares on Friday, something not seen on a single trading day since September 2008.  The stock was removed from the Top Picks List at FBR in a research call this morning.  The story dominated every major newspaper front page headlines over the weekend and continued to be the talk of Main Street.  Friday after the closing bell, Goldman Sachs issued a detail of what its side of the story was.  The only surprise is that the move up or down is not more than 1%.  The move may come later today, but you know that the volatility here is going to be elevated for some time now.


Saturday, April 17, 2010

Goldman Sachs Options Records (GS)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Goldman Sachs Group Inc. (NYSE: GS) saw major volume, of course, on all the news on Friday.  What we wanted to look at was the options activity in our weekend reviews, and the volume was massive.  The stock itself traded 102 million shares on the day it fell 12.8% at $160.70. The last time we have ever seen 100 million shares of Goldman trade was September 2008 :


Friday, April 16, 2010

FAS/FAZ Seeing Record 2010 Trading Volume (FAS, FAZ, GS)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

You know the news on Goldman Sachs Group Inc. (NYSE: GS) today about being charged with civil fraud by the SEC over its role in some mortgage derivatives.  We won’t bother telling you that GS is down over 10% at $164.37 (-10.8%) on 75,000,000 shares as of 2:10 PM EST.  What is more important is that the triple leverage ETFs have gone berserk in trading volume:

  • Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is up almost 8.7% at $11.99 on 158,000,000 shares at 2:11 PM EST.
  • Direxion Daily Financial Bull 3X Shares (NYSE: FAS) is down 8.5% at $106.50 on 39.4 million shares.  That is far from a record in trading volume for the year because traders tend to bet directional in these.

March 11, 2010 the FAZ traded 110 million shares, and this traded over 100 million shares on only 3 days in February and 2 days in January.  That is a record for the year and there is still almost 2 hours to go before the market closes.

For the FAS, the 39+ million shares is the highest Feb. 9 when it traded over 48 million shares and it had higher volume than today’s 2:11 snapshot on only 5 sessions from January 1 to before the Feb. 9 day.

If you add up the two triple-leverage ETFs, today will mark a record day for the combined volume so far in 2010.


Analyst Outlines Palm Scenario (PALM)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Palm, Inc. (NASDAQ: PALM) is trading up on a positive research call this morning oin the chances of a buyout.

RBC has maintained an Outperform rating on Palm with an $11 target.  The firm has said it has a $10 to $14 breakup value and it sees a better chance than not of a deal getting done.

The stock trades an average of 27,360,600 and the 52-week trading range is $3.65 to $18.09.

At 8:58 AM EST we have seen 1,145,896 shares trade hands and the stock is up 3.9% at $5.61.


AEterna Zentaris Stalls on Secondary (AEZS)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

AEterna Zentaris Inc. (NASDAQ: AEZS) is killing the week’s gains after it announced that it has received commitments from institutional investors to purchase $15 million of securities in a registered direct offering for an aggregate of approximately 11.1 million common shares of its capital at a price of $1.35 per share.   The company will issue warrants to acquire an aggregate of approximately 4.4 million common shares at an exercise price of $1.50 per share.

At 8:51 AM EST this is down 18% at $1.35 on 967,000 shares.  The 52-week range is $0.75 to $3.25 and it trades 985,000 shares per day.

This stock was under $1.00 less than 5 days ago and shares were up over $1.70 this week.


Thursday, April 15, 2010

MGM Drags Casinos Lower (MGM, WYNN, LVS)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

MGM Mirage (NYSE: MGM) is down this morning after it gave preliminary earnings for a loss of -$0.22 and a securities sale to pay off existing debt.  Shares are down 5.6% at $14.54 on over 500,000 shares.  Last night the news had the stock down 5.9% at $14.50 on over 1.5 million shares before we published.

This will act as a drag on casino stocks most likely…. Wynn Resorts Ltd. (NASDAQ: WYNN) is down 1.5% at $85.10 on about 14,000 shares; Las Vegas Sands Corp. (NYSE: LVS) is down 2.3% at $23.45 on 150,00 shares.
8:51 AM EST.


Wednesday, April 14, 2010

SIRIUS Keeps Growing (SIRI)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is up big on active trading after announcing that its Q1 subscriber growth was 171,441 net subscribers.  That compares to a decline of 404,422 in the first quarter of 2009.   The satellite radio monopoly now has 18,944,199 subscribers, up 344,765 over the year ago quarter.

The company also noted that gross additions increased by 29% and deactivations decreased by 11% from a year ago; the self-pay churn improved to 2.0% for the first quarter of 2010 from 2.2% a year ago; and the conversion rate to a self-pay subscription improved in the first quarter of 2010 to 45.2%, up from 44.6% from a year ago.

At 9:10 AM EST shares are up over 7$ and back over the $1.00 mark at $1.03 on over 7 million shares.  The 52-week high is $1.18, so even at $1.00 it has been here before.


Banks Chasing JPMorgan (JPM, BAC, C)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

J.P. Morgan Chase & Co. (NYSE: JPM) is showing that things are continuing to improve in earnings and credit metrics.  That is what $3.3 billion in earnings does, or earnings $0.74 EPS vs. $0.64 estimates.  Dimon talked up credit and punted the dividend down the road as he said regulators would not likely allow a dividend hike for the time being so that banks can build their capital (and probably be taxed more) in the recovery.  Shares are up 2.8% at $47.18 on almost 2 million shares as of 8:48 AM EST and the 52-week high is very close at $47.47.

Bank of America Corporation (NYSE: BAC) is also trading higher despite its earnings report being 48 hours out.  Shares are up 2.3% at $19.10 on 3 million shares.  Its 52-week range is $7.00 to $19.10.

Even Citigroup Inc. (NYSE: C) is higher ahead of next week’s earnings report.  Vikram’s stock is up 2.1% at $4.72 on over 14 million shares.


Tuesday, April 13, 2010

Xoma Scores Patents (XOMA)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Xoma Ltd. (NASDAQ: XOMA) is surging on patent news this morning: “XOMA Issued Two New U.S. Patents for Methods of Treating Type 2 Diabetes and Inflammatory Diseases Using Interleukin-1 Beta Antibodies.”  At 8:52 AM EST we have seen 951,000 shares trade hands and the stock is up about 20.5% at $0.82.  The 52-week trading range is $0.40 to $1.34.


Monday, April 12, 2010

California FuelCell Dreaming (FCEL)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

FuelCell Energy Inc. (NASDAQ: FCEL) is trading up after winning approval to install fuel cells at several university locations in California.  California’s Public Utilities Commission approved the deal with 1.4-megawatt fuel-cell plants being installed at 4 sites in the state’s university system.

Shares had been up 7% earlier this morning.  At 9:32 AM EST we have shares up 4.5% at $3.00 on 120,000 shares.  The 52-week range is $2.57 to $5.47 and the stock trades almost 800,000 shares on average.


Netlist Grabs News (NLST)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Netlist, Inc. (NASDAQ: NLST) is one of the top gainers in percentage terms this morning.  The company issued a press release saying that it has qualification of HyperCloud™ memory on Super Micro Computer high-density servers.

Shares are up 10% at $3.70 on about 30,000 shares as of 8:35 AM EST.

This one has been very volatile on news, and its 52-week range is $0.18 to $7.98.