Irish Banks Continue Surge (AIB, IRE)

If you watched bank stocks on Monday, then you probably saw how the Irish banks may be in for a massive 2010 as Allied Irish Bank (NYSE: AIB) and Bank of Ireland (NYSE: IRE) were both up huge.  Despite these two being hit with negative ratings in new coverage at Barclays this morning, both banks are trading higher after double-digit gains.  At 8:52 AM EST we have AIB up 3.8% at $4.28 on 80,000 pre-market shares and Bank of Ireland (IRE) is up 3.3% at $9.15 on 45,000 pre-market shares.

More bankground is here on yesterday’s move and how it was affecting the other troubled banks in the EU countries which are under the cloud of ratings agencies.

Jon C. Ogg
January 5, 2010

2010 Actives Outlook: Options vs. Stock (AAPL, BAC, RIMM, XOM, PFE, CSCO, INTC, GLD, SLV)

2010 is here and we wanted to take a look at the largest catalyst for options volume and how it may translate into active stock trading for the January 2010 options expiration date.  In this matter we looked solely at the closest in-the-money and out-of-the-money call options that expire on January 15, 2010 because these will expire before almost all of these companies will have reported their calendar or fiscal Q4 earnings report.  We have looked at Apple Inc. (NASDAQ: AAPL), Bank of America Corp. (NYSE: BAC), Research in Motion Ltd. (NASDAQ: RIMM), Exxon Mobil Corp. (NYSE: XOM), Pfizer Inc. (NYSE: PFE), Cisco Systems, Inc. (NASDAQ: CSCO), and Intel Corporation (NASDAQ: INTC).  We even wanted to look at this in the metals of gold and silver ETFs via the SPDR Gold Shares (NYSE: GLD) and the iShares Silver Trust (NYSE: SLV).

We have then converted what each options contract series means in control of share exposure on a fully leveraged basis versus the average daily volume.  The CBOE VOLATILITY INDEX closed out 2010 under 20.0, meaning it is at least in theory very cheap for speculators to use stock options for exposure.

Apple Inc. (NASDAQ: AAPL) $210.73; Avg. Daily volume 18.3 million shares.  Apple does not look like much, but if you will go back to last Monday the readings of speculative options trading was literally off the charts with the equivalent of more than 14 million shares in options trading on a fully leveraged basis.
CALL$    OpInt    Share Equivalent
$210.00    59,605    5.96 million
$220.00    60,598    6.05 million
$230.00    36,605    3.66 million

Bank of America Corp. (NYSE: BAC) $15.06; Avg. Daily volume 201 million shares
CALL$    OpInt    Share Equivalent
$16.00    297,920    29.7 million
$17.50    297,065   29.7 million

Research in Motion Ltd. (NASDAQ: RIMM) $67.54; Avg. Daily volume 17.7 million shares
CALL$    OpInt    Share Equivalent
$70.00    61,526    6.15 million
$75.00    41,724    4.17 million
$80.00    103,290    10.3 million

Exxon Mobil Corp. (NYSE: XOM) $68.19; Avg. Daily volume 23.5 million shares
CALL$    OpInt    Share Equivalent
$70.00    81,379    8.13 million
$75.00    104,424    10.4 million
$80.00    70,442    7.04 million

Pfizer Inc. (NYSE: PFE) $18.19; Avg. Daily volume 52.8 million
CALL$    OpInt    Share Equivalent
$17.50    211,372    21.1 million
$19.00    102,084    10.2 million
$20.00    217,542    21.7 million

Cisco Systems, Inc. (NASDAQ: CSCO) $23.94; Avg. Daily volume 40 million shares
CALL$    OpInt    Share Equivalent
$22.50    44,248    4.42 million
$24.00    65,232    6.52 million
$25.00    132,091    13.20 million

Intel Corporation (NASDAQ: INTC) $20.40; Avg. Daily volume 61.3 million shares
CALL$    OpInt    Share Equivalent
$20.00    252,618    25.2 million
$21.00    97,351    9.73 million
$22.50    72,696    7.26 million

We also see this in both key metal ETF’s which track gold and silver prices, although these of course are metal price exposure plays rather than anything related to stocks:

SPDR Gold Shares (NYSE: GLD) $107.31; Avg. Daily volume 20.7 million shares and the equivalent of more than 46 million shares in options on a fully leveraged basis:
CALL$    OpInt    Share Equivalent
$100.00    66,713    6.67 million
$105.00    44,346    4.44 million
$110.00    74,437    7.44 million
$112.00    38,853    3.88 million
$113.00    22,898    2.28 million
$115.00    77,528    7.75 million
$116.00    27,953    2.79 million
$117.00    27,933    2.79 million
$120.00    88,176    8.81 million

iShares Silver Trust (NYSE: SLV) at $16.54; Avg. Daily volume 12.1 million shares; this comes to over 40 million shares on a fully leveraged basis:
CALL$    OpInt    Share Equivalent
$14.00    74,986    7.49 million
$15.00    15,300    1.53 million
$16.00    38,815    3.88 million
$17.00    74,446    7.44 million
$18.00    49,232     4.92 million
$19.00    128,848   12.8 million
$20.00    37,576    3.75 million

I would like to personally invite you to join in with the thousands of readers on our free daily email distribution list from 24/7 Wall St. to hear about ongoing day trader and options trader alerts, analyst upgrades and downgrades, stock and market rumors, Buffett and guru investor news, M&A and IPOs, and more.

JON C. OGG
January 2, 2010

Google News

Sorry, readability was unable to parse this page for content.

2010 Actives Outlook: Options vs. Stock (AAPL, BAC, RIMM, XOM, PFE, CSCO, INTC, GLD, SLV)

2010 is here and we wanted to take a look at the largest catalyst for options volume and how it may translate into active stock trading for the January 2010 options expiration date.  In this matter we looked solely at the closest in-the-money and out-of-the-money call options that expire on January 15, 2010 because these will expire before almost all of these companies will have reported their calendar or fiscal Q4 earnings report.  We have looked at Apple Inc. (NASDAQ: AAPL), Bank of America Corp. (NYSE: BAC), Research in Motion Ltd. (NASDAQ: RIMM), Exxon Mobil Corp. (NYSE: XOM), Pfizer Inc. (NYSE: PFE), Cisco Systems, Inc. (NASDAQ: CSCO), and Intel Corporation (NASDAQ: INTC).  We even wanted to look at this in the metals of gold and silver ETFs via the SPDR Gold Shares (NYSE: GLD) and the iShares Silver Trust (NYSE: SLV).

We have then converted what each options contract series means in control of share exposure on a fully leveraged basis versus the average daily volume.  The CBOE VOLATILITY INDEX closed out 2010 under 20.0, meaning it is at least in theory very cheap for speculators to use stock options for exposure.

Apple Inc. (NASDAQ: AAPL) $210.73; Avg. Daily volume 18.3 million shares.  Apple does not look like much, but if you will go back to last Monday the readings of speculative options trading was literally off the charts with the equivalent of more than 14 million shares in options trading on a fully leveraged basis.
CALL$    OpInt    Share Equivalent
$210.00    59,605    5.96 million
$220.00    60,598    6.05 million
$230.00    36,605    3.66 million

Bank of America Corp. (NYSE: BAC) $15.06; Avg. Daily volume 201 million shares
CALL$    OpInt    Share Equivalent
$16.00    297,920    29.7 million
$17.50    297,065   29.7 million

Research in Motion Ltd. (NASDAQ: RIMM) $67.54; Avg. Daily volume 17.7 million shares
CALL$    OpInt    Share Equivalent
$70.00    61,526    6.15 million
$75.00    41,724    4.17 million
$80.00    103,290    10.3 million

Exxon Mobil Corp. (NYSE: XOM) $68.19; Avg. Daily volume 23.5 million shares
CALL$    OpInt    Share Equivalent
$70.00    81,379    8.13 million
$75.00    104,424    10.4 million
$80.00    70,442    7.04 million

Pfizer Inc. (NYSE: PFE) $18.19; Avg. Daily volume 52.8 million
CALL$    OpInt    Share Equivalent
$17.50    211,372    21.1 million
$19.00    102,084    10.2 million
$20.00    217,542    21.7 million

Cisco Systems, Inc. (NASDAQ: CSCO) $23.94; Avg. Daily volume 40 million shares
CALL$    OpInt    Share Equivalent
$22.50    44,248    4.42 million
$24.00    65,232    6.52 million
$25.00    132,091    13.20 million

Intel Corporation (NASDAQ: INTC) $20.40; Avg. Daily volume 61.3 million shares
CALL$    OpInt    Share Equivalent
$20.00    252,618    25.2 million
$21.00    97,351    9.73 million
$22.50    72,696    7.26 million

We also see this in both key metal ETF’s which track gold and silver prices, although these of course are metal price exposure plays rather than anything related to stocks:

SPDR Gold Shares (NYSE: GLD) $107.31; Avg. Daily volume 20.7 million shares and the equivalent of more than 46 million shares in options on a fully leveraged basis:
CALL$    OpInt    Share Equivalent
$100.00    66,713    6.67 million
$105.00    44,346    4.44 million
$110.00    74,437    7.44 million
$112.00    38,853    3.88 million
$113.00    22,898    2.28 million
$115.00    77,528    7.75 million
$116.00    27,953    2.79 million
$117.00    27,933    2.79 million
$120.00    88,176    8.81 million

iShares Silver Trust (NYSE: SLV) at $16.54; Avg. Daily volume 12.1 million shares; this comes to over 40 million shares on a fully leveraged basis:
CALL$    OpInt    Share Equivalent
$14.00    74,986    7.49 million
$15.00    15,300    1.53 million
$16.00    38,815    3.88 million
$17.00    74,446    7.44 million
$18.00    49,232     4.92 million
$19.00    128,848   12.8 million
$20.00    37,576    3.75 million

I would like to personally invite you to join in with the thousands of readers on our free daily email distribution list from 24/7 Wall St. to hear about ongoing day trader and options trader alerts, analyst upgrades and downgrades, stock and market rumors, Buffett and guru investor news, M&A and IPOs, and more.

JON C. OGG
January 2, 2010

US HOT STOCKS: Stryker Up Slightly In Late Trading - Wall Street Journal

US HOT STOCKS: Stryker Up Slightly In Late Trading
Wall Street Journal
Shares rose 32 cents in after-hours trading. Small-cap company Flotek Industries, a supplier of drilling and production-related products and services to the ...

and more »

AIG Sets Method of Stock Payment for Top Execs - ABC News

AIG Sets Method of Stock Payment for Top Execs
ABC News
AIG shares lost 3 cents to $29.95 in after-hours trading Thursday after closing at $29.98, down 62 cents, or 2 percent, from a day earlier.

and more »

AIG boss quits over pay - New Zealand Herald

AIG boss quits over pay
New Zealand Herald
AIG shares fell a cent to US$30.59 in after-hours trading after closing at US$30.60, down US$1.06, or 3.4 per cent, from a day earlier. - AP.

and more »

BEFORE THE BELL: US Stock Futures Mixed On Expected Light Volume - Wall Street Journal

BEFORE THE BELL: US Stock Futures Mixed On Expected Light Volume
Wall Street Journal
They more than doubled to $6.27 in after-hours trading, while Trinity's shares slid 0.3% to $17.66. City National Corp. (CYN) said it bought back $200 ...

and more »

Biodel Submits Viaject New Diabetes Drug For FDA Approval - Visit Bulgaria

Visit Bulgaria
Biodel Submits Viaject New Diabetes Drug For FDA Approval
Visit Bulgaria
... losses earlier this month narrowing down to $10.5-million. Biodel's shares gaining 1.7% to $4.20, in after-hours trading, had fallen 14% during the year.

and more »

AIG says general counsel Kelly resigns over pay - BusinessWeek

AIG says general counsel Kelly resigns over pay
BusinessWeek
AIG shares fell a penny to $30.59 in after-hours trading Wednesday after closing at $30.60, down $1.06, or 3.4 percent, from a day earlier.

and more »

Asian Stocks Rise on China Growth Optimism, Commodity Prices - Bloomberg

Asian Stocks Rise on China Growth Optimism, Commodity Prices
Bloomberg
Copper futures in New York gained 0.8 percent in after- hours trading, headed for the highest settlement price since August 2008. ...

and more »

AIG says general counsel Kelly resigns over pay - BusinessWeek

AIG says general counsel Kelly resigns over pay
BusinessWeek
AIG shares fell a penny to $30.59 in after-hours trading Wednesday after closing at $30.60, down $1.06, or 3.4 percent, from a day earlier.

and more »

Australian Stocks Rise on Commodity Prices; Qantas Advances - Bloomberg

Australian Stocks Rise on Commodity Prices; Qantas Advances
Bloomberg
Copper futures in New York gained 0.8 percent in after-hours trading to the highest level since Aug. 28, 2008. Prices also rose on speculation a mine strike ...

and more »

AIG says general counsel Kelly resigns over pay - BusinessWeek

AIG says general counsel Kelly resigns over pay
BusinessWeek
AIG shares fell a penny to $30.59 in after-hours trading Wednesday after closing at $30.60, down $1.06, or 3.4 percent, from a day earlier.

and more »

Australian Stocks Rise as Oil, Copper Prices Advance; Qantas Airways Gains - Bloomberg

Australian Stocks Rise as Oil, Copper Prices Advance; Qantas Airways Gains
Bloomberg
Copper futures in New York gained 0.8 percent in after- hours trading to the highest level since Aug. 28, 2008. Prices also rose on speculation a mine ...

Crude rises as EIA data show drop in inventories - MarketWatch

Crude rises as EIA data show drop in inventories
MarketWatch
... an increase of 1.73 million barrels in US inventories, a surprise to the oil market that pushed down oil prices slightly in after-hours trading Tuesday. ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

After the bell: Celebrating Kwanzaa - WFAA

After the bell: Celebrating Kwanzaa
WFAA
DALLAS ― A South Dallas afterschool program is taking a hands-on approach as it teaches children about Kwanzaa. ...
After the Bell: Exline Recreation CenterWFAA

all 2 news articles »

Crane To Resume Work On Boeing 787 Brake System, Get $18.9 Million - CNNMoney.com

Crane To Resume Work On Boeing 787 Brake System, Get $18.9 Million
CNNMoney.com
... which was not included in its October earnings guidance. Crane's shares rose 0.8% to $31.39 in after-hours trading. The stock has gained 81% this year.

and more »

Pilgrim's Pride To Pay $4.5 Million Fine To Settle Government Probe - CNNMoney.com

Pilgrim's Pride To Pay $4.5 Million Fine To Settle Government Probe
CNNMoney.com
... been hurt by weak demand, partially due to woes at recession-hit restaurants, and have closed plants. Shares were up 0.2% to $8.93 in after-hours trading.

US review of Pfizer vaccine not completed - Reuters

US review of Pfizer vaccine not completed
Reuters
Pfizer shares fell 2 cents to $18.48 in after-hours trading. They earlier closed down 6 cents at $18.50 on the New York Stock Exchange.

Crude rises as EIA data show drop in inventories - MarketWatch

Crude rises as EIA data show drop in inventories
MarketWatch
... an increase of 1.73 million barrels in US inventories, a surprise to the oil market that pushed down oil prices slightly in after-hours trading Tuesday. ...

and more »

Goldcorp (NYSE: GG) Matches Minera Penmont's Offer - TransWorldNews (press release)

Goldcorp (NYSE: GG) Matches Minera Penmont's Offer
TransWorldNews (press release)
Shares of Goldcorp rose 10 cents in after-hours trading from its close of $39.51. Sign up for the free Xplosive Stocks newsletter. ...

and more »

Pfizer Stops Lung Cancer Study - Zacks.com

Pfizer Stops Lung Cancer Study
Zacks.com
The discontinuation of the lung cancer study resulted in Pfizer's shares losing 4 cents at 18.52 in after-hours trading on Dec 29. ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

After the Bell: Exline Recreation Center - WFAA

After the Bell: Exline Recreation Center
WFAA
DALLAS â€" In today's "After The Bell" report, we check in at the Exline Recreation Center in South Dallas. ...

Option Alert: King Kongzhong (KONG)

Kongzhong Corp. (NASDAQ: KONG) is having a strong trading day in the stock, but its implied volatility via options is rising 21% to 58% on the day with shares 13% higher on a positive mention at Navellier.  There looks to be more to the move.  Two block buyers at the offer on wide spreads of 3,000 contracts each in the OTM February $12.50 calls came in at 10:24 and 10:31am.  Call volume is already 35X daily volume.

At 10:40 AM EST shares are up over 13% at $11.79 on 488,000 shares.  Average share volume is 339,000 shares and the 52-week range is $3.14 to $16.16.

JOE KUNKLE, OptionsHawk.com

Crude slightly lower ahead of EIA petroleum data - Middle East North Africa Financial Network

Crude slightly lower ahead of EIA petroleum data
Middle East North Africa Financial Network
... an increase of 1.73 million barrels in US inventories, a surprise to the oil market that pushed down oil prices slightly in after-hours trading Tuesday. ...

and more »

BEFORE THE BELL: US Stock Futures Down In Thin Volume - Wall Street Journal

BEFORE THE BELL: US Stock Futures Down In Thin Volume
Wall Street Journal
Shares of the semiconductor-packaging technology firm dropped 8% to $21.99 in after-hours trading. Kforce said its subsidiary entered an agreement with the ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Fannie & Freddie Give-Back (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are playing give-back this morning after more and more pundits and reports keep calling these stocks (under government conservatorship) worthless.  The government can offer unlimited support, but that is no assurance that the stock and preferred shares won’t be wiped out.

FNM lost gains seen early yesterday and closed down $0.02 at $1.25 on over 124 million shares.  At 8:53 AM EST we have seen 1.01 million shares trade and the last print was down 4% at $1.20.

FRE also lost its earlier gains yesterday and closed down $0.10 at $1.50 on over 64 million shares.  At 8:53 AM EST we have seen 440,000 shares trade hands at $1.43 for a 4.6% drop so far.

JON C. OGG

Crude slightly lower ahead of EIA petroleum data - MarketWatch

Crude slightly lower ahead of EIA petroleum data
MarketWatch
... an increase of 1.73 million barrels in US inventories, a surprise to the oil market that pushed down oil prices slightly in after-hours trading Tuesday. ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Homeland Security and Defense Stocks Sector Close-Up - Fast Pitch Press (press release)

Homeland Security and Defense Stocks Sector Close-Up
Fast Pitch Press (press release)
... for airport security had significant gains on the first trading day following the incident and then pulled back somewhat in after hours trading. ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Homeland Security and Defense Stocks Sector Close-Up - Fast Pitch Press (press release)

Homeland Security and Defense Stocks Sector Close-Up
Fast Pitch Press (press release)
... for airport security had significant gains on the first trading day following the incident and then pulled back somewhat in after hours trading. ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Tessera Tech: ITC Backs 3 Patents, Finds No Law Violated - Wall Street Journal

Tessera Tech: ITC Backs 3 Patents, Finds No Law Violated
Wall Street Journal
Shares of the semiconductor-packaging technology firm dropped 8% to $21.97 in after-hours trading. The stock has doubled this year. ...

and more »

Goldcorp matches Penmont bid for Canplats - BusinessWeek

Goldcorp matches Penmont bid for Canplats
BusinessWeek
That prompted Penmont to again raise its offer. In after-hours trading, shares of Goldcorp rose 10 cents from its close of $39.51.

and more »

Kforce Inc. Is Rising On DOI News After The Bell - RTT News

Kforce Inc. Is Rising On DOI News After The Bell
RTT News
(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...

and more »

Goldcorp Matches Penmont Bid For Canplats - TheStreet.com

Goldcorp Matches Penmont Bid For Canplats
TheStreet.com
That prompted Penmont to again raise its offer. In after-hours trading, shares of Goldcorp rose 10 cents from its close of $39.51.

and more »

Pfizer ends late-stage lung-cancer study - Reuters

Pfizer ends late-stage lung-cancer study
Reuters
Pfizer shares were down 4 cents at 18.52 in after hours trading. They earlier closed down 7 cents at $18.56 on the New York Stock Exchange. ...

AFTER THE BELL-JPMorgan ups Cosan, shares climb - Interactive Investor

AFTER THE BELL-JPMorgan ups Cosan, shares climb
Interactive Investor
(Reporting by Chuck Mikolajczak) Keywords: MARKETS STOCKS BEFORETHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", ...

and more »

Traders Target Small Caps for Market Pullback (TZA)

Small Cap Bear 3X (NYSE: TZA) trading 27,000 January $9 calls, mostly buyers looking for market pullback as the volume is well above the open interest of 4,171.  45% of the trades have traded at the offer, 17% at the bid, and the remainder at the mark, with the larger blocks on the offer.  Small Caps have had a great 2009 and may be the first to be dumped in 2010 as Portfolio Managers look to move to quality and safety with strong earnings power and high dividend yielding companies.  Also, as my market outlook stated this morning, the 1,135 level in the S&P looks to be a near term top, and we could pull back to 1,075, which would send the TZA well above $11, doubling the value of these calls.  Much of the volume may be portfolio hedges going into 2010, but it still shows caution, and targeting a 3X small cap bear fund makes sense, as it is the group likely to be sold off the hardest on a market pullback.  The call volume is already 3X average daily call volume.

JOE KUNKLE, OptionsHawk.com

BEFORE THE BELL: US Stock Futures Higher;Eye Consumer Sentiment - Wall Street Journal

BEFORE THE BELL: US Stock Futures Higher;Eye Consumer Sentiment
Wall Street Journal
II-VI shares fell 11 cents to $32.15 in after-hours trading. Imperial Sugar Co. (IPSU) said it settled a property insurance claim related to a deadly ...

and more »

AFTER THE BELL-JPMorgan ups Cosan, shares climb - Interactive Investor

AFTER THE BELL-JPMorgan ups Cosan, shares climb
Interactive Investor
(Reporting by Chuck Mikolajczak) Keywords: MARKETS STOCKS BEFORETHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", ...

and more »

Homeland Security and Defense Stocks Sector Close-Up - PRMinds (press release)

Homeland Security and Defense Stocks Sector Close-Up
PRMinds (press release)
... for airport security had significant gains on the first trading day following the incident and then pulled back somewhat in after hours trading. ...

Trimeris Loses Buyer (TRMS)

Trimeris, Inc. (NASDAQ: TRMS) is getting drummed this morning.  The company’s tender offer by Arigene Co., Ltd. and RTM Acquisition Company is being terminated because Arigene was unable to secure sufficient financing for purposes of funding the tender offer. The tender offer expired on Monday, December 28, 2009.  Trimeris had a market cap of a mere $71 million yesterday at $3.18 before the effects of this morning’s drop.  At 8:49 AM EST we have shares trading down 18% at $2.60 on 67,000 shares.  Average volume is 323,000 shares and the 52-week trading range is $0.84 to $3.68.

JON OGG

BEFORE THE BELL: US Stock Futures Higher;Eye Consumer Sentiment - Wall Street Journal

BEFORE THE BELL: US Stock Futures Higher;Eye Consumer Sentiment
Wall Street Journal
II-VI shares fell 11 cents to $32.15 in after-hours trading. Imperial Sugar Co. (IPSU) said it settled a property insurance claim related to a deadly ...

and more »

II-VI to buy Photop for $83M in cash and stock - BusinessWeek

II-VI to buy Photop for $83M in cash and stock
BusinessWeek
Photop shareholders and both companies' boards have approved the deal, which is expected to close in January. In after-hours trading, II-VI shares fell 11 ...

and more »

Hawthorne screening firm's stock rises after attempted attack - Daily Breeze

Hawthorne screening firm's stock rises after attempted attack
Daily Breeze
The share price rose another 18 cents, or 0.74 percent, in after hours trading. An OSI Systems official could not be reached for comment Monday because the ...

and more »