National Bank of Greece Doubles Volume (NBG)

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.

JON C. OGG

Acura Gets FDA Slap (ACUR, KG)

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.

JON OGG

An Ericsson Surprise (ERIC)

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.

JON OGG