Gold Seek
Gold Seek
Yesterday, the futures got as close as 1044.00 before retreating slightly in after-hours trading. The S&Ps and other broad indexes have now closed higher ...
Thursday, September 10, 2009
S&P Rally Nears A Key Benchmark - Gold Seek
Gold Seek
Gold Seek
Yesterday, the futures got as close as 1044.00 before retreating slightly in after-hours trading. The S&Ps and other broad indexes have now closed higher ...
Steel Dynamics Boosts Q3 Earnings Outlook - Trading Markets (press release)
Trading Markets (press release)
... closed Thursday's regular trading session at $17.86, up 59 cents or 3.42% and gained an additional 20 cents or 1.12% in after hours trading.
and more »
National Semiconductor Profit Falls; Beats Estimates - FOXBusiness
FOXBusiness
... still fell when compared to the year-ago period when it was 66.0%. Shares of National Semiconductor fell 22 cents or 1.38% to $15.75 in after-hours trading.
and more »
Major Altria Options… Dividend Capture Trading (MO)
We recently noted after Altria Group Inc. (NYSE: MO) raised its dividend that the dividend north of 7% would likely cause a huge dividend capture trading activity as te dividend date was before the expiration date of the September options. Our little belief ended up being the understatement of the year. Normally if you saw options activity like this, you would think that the stock was about to be acquired or that the company was going to get to start giving cigarettes out in machines at schools. That isn’t the case, but you will be amazed at the options trading in the SEPT-2009 CALLS:
Strike Volume  OpenInt.
$15.00Â Â Â 48,114Â Â Â 1,982
$16.00Â Â Â 112,109Â Â Â 4,495
$17.00Â Â Â 535,360Â Â Â 17,039
$18.00Â Â Â 664,058Â Â Â 21,031
The total volume in the stock today was a mere 23.3 million shares, still above the 16 million average. But the total leveraged amount of this if you just tallied up call volume would have been over 100 million shares… Don’t be fooled by that. This was a dividend capture trade.
Jon C. Ogg
September 10, 2009
Covidien Sees Fiscal-2010 Sales Rising 4% To 7% - Wall Street Journal
Wall Street Journal
Covidien shares rose 1.5% to $39.95 in after-hours trading, when the company announced guidance for fiscal 2010, which runs through September next year. ...
and more »
IBM, EU Group Create Search Engine For Photos, Video, Music - Wall Street Journal
Wall Street Journal
... page after page of results until they find what they want. IBM's shares fell 7 cents to $117.60 in after-hours trading. The stock is up about 40% this year.
and more »
BioMarin Stock & Option Volume Goes Exponential (BMRN)
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) is a name which comes up in the emerging and speculative biotech takeover list rather frequently, and today we are seeing some interest on speculators. As of 1:10 PM EST we are now more than exponential on the volume alert after a quick CNBC tout by one of the Najarian brothers. We have seen 5.3 million shares versus an average volume of 1.36 million shares. Shares are up almost 10% at $18.03, and the 52-week trading range is $9.93 to $30.74. The SEPT-2009 $17.50 CALLS have traded some 6,365 contracts today, versus an open interest of 344 contracts. Even in the OCT-2009 $17.50 CALLS, these have traded 1,745 contracts today, versus an open interest of 770 contracts.
As our friends noted over at BioMedReports.com, this company is presenting data at the Morgan Stanley Healthcare Conference in New York City on Tuesday, September 15, 2009 at 1:35 p.m. ET.
JON OGG
Markets McLovin' Apple & Steve Jobs - ITProPortal
ITProPortal
Apple shares rose in after hours trading in the US as the company looks set to wipe out the one percent it suffered yesterday to reach its highest share ...
and more »
Exponential Volume Continues in Delta Petroleum (DPTR)
Delta Petroleum Corp. (NASDAQ: DPTR) has been on a rampage on more than just heavy volume after the company had reportedly received approval to drill four new exploratory gas wells in Washington. At 10:52 AM EST we have shares trading up another 9.5% at $3.32 on over 10.7 million shares. The average volume is 4.7 million shares, but that figure was actually closer to 3.5 million before yesterday’s monstrous volume surge. Its 52-week trading range will show just how zany this stock is: $0.88 to $21.95.
On Wednesday we saw some 63.9 million shares trade hands and it closed at $3.03, but that is a huge gain compared to the 11.1 million shares after a $2.28 close on Tuesday and after a $1.96 close on Friday.
Delta has been around almost longer than many trading careers if you are under 40 or 45 years old. From 2006 to earlier in 2008, this one spent most of the time trading between $15.00 and $30.00. The mudslide in the stock chart here started in summer of 2008 and all of these gains which seem to be ludicrous are minor when you compare it to where this one has been in the past for a stock that is still under $1 billion in market cap today.
Analysts expect losses for the next two years and its history of earnings and revenues is a spotty one, particularly as revenues are expected to be one-third to half of what they used to be.
JON C. OGG
SEPTEMBER 10, 2009
NEW YORK, Sept 10 (Reuters) - Some US stocks on the move on Thursday: - Forbes
Forbes
The stock surged in after-hours trading on Wednesday. The company affirmed its results for the fiscal year just ended to be at the low end of its previous ...
and more »
Yahoo! Surging on Upgrade (YHOO)
Yahoo! Inc. (NASDAQ: YHOO) is up on an analyst upgrade as BofA Merrill Lynch raised it to BUY from NEUTRAL. Shares were originally up 2% but Carol Bartz gave a CNBC i-view outlining how good the Microsoft search pact is and how different teh company is from Google. At 8:56 AM EST we have shares up 3.5% at $15.30 on over 650,000 shares. -JON OGG
Men's Wearhouse Defies the Odds - TheStreet.com (subscription)
TheStreet.com (subscription)
The stock declined by 5% in after-hours trading. This can be attributed to lower-than-expected third-quarter guidance, and natural profit-taking. ...
Loyalty Program Forces Youbet.com to Restate Financials - Gaming Intelligence Group (registration)
Gaming Intelligence Group (registration)
Shares in Youbet.com (Co. Profile) (NASDAQ:UBET) are currently down 1.53% to $2.20 per share in after hours trading in New York/
and more »
Loyalty Program Forces Youbet.com to Restate Financials - Gaming Intelligence Group (registration)
Gaming Intelligence Group (registration)
Shares in Youbet.com (Co. Profile) (NASDAQ:UBET) are currently down 1.53% to $2.20 per share in after hours trading in New York/
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