Myriad Comes Up Way Short (MYGN)

Myriad Genetics Inc. (NASDAQ: MYGN) is getting clipped rather hard this morning despite profits rising about 30%.

Earnings were $0.33 EPS and revenue was up 5% at $90.8 million; Thomson Reuters had estimates at $0.39 EPS on revenue of $97.8 million.  2010 Guidance was $1.30 to $1.35 EPS on revenue of $360 million to $365 million; Thomson Reuters has estimates of $1.50 EPS on revenues of $381.5 million.

The company noted, “…macroeconomic conditions continued to impact the frequency of physician visits, which remain well below historic levels…”

Shares were down about 23% on last look in the after-hours session, while the stock at 8:28 AM EST this morning is trading down by 24% at $18.32 on only about 140,000 shares.

Go ahead and mark this as a 52-week low… The prior 52-week range was $20.62 to $38.43.

JON C. OGG

InterMune Implosion (ITMN)

InterMune Inc. (NASDAQ: ITMN) just imploded after-hours.  The stock has traded now over 14 million shares listed as of 5:31 PM EST and the 5.4% drop to $45.44 during the regular session looks like kids play.

• FULL NEWS AT BIOHEALTHINVESTOR.COM

Now shares are down 78% at $9.58 and we saw prints down even around $9.00.  That is close to $2 billion in market cap destroyed in the after-hours session. Mark that as a new 52-week low as the prior range was $10.48 to $49.46.

Ugly, and fugly for that matter, just took on a new name.  That name is InterMune.

JON C. OGG

Popular Gap Reversal (BPOP)

Popular, Inc. (NASDAQ: BPOP) was trading up again and continued up after the gains on Friday evening, but the stock exhibited a true gap & crap pattern after the open.  As covered in The Unusual Suspects this weekend… It has already been a winner with shares up big in the last 3 months.  Shares rose by 8.6% to $4.29 in the after-hours session on more than 900,000 shares Friday on the news: Westernbank Puerto Rico was seized by the FDIC on Friday with about $11.9 billion in assets; Banco Popular agreed to acquire Westernbank’s deposits and about $9.4 billion of its assets, with the FDIC keeping the rest for future sale.

Shares opened at $4.10 after a $3.95 close… At 9:37 AM EST we now have shares DOWN 3.3% at $3.83 on almost 9 million shares.

Shares closed at $3.95 Friday and were up 5% at $4.15 on just over 1 million shares right before the open.  The old 52-week high is $4.23, so this could mark a 52-week high if any added strength returns.

JON C. OGG

Biosante Back on Prostate Cancer Path (BPAX)

Biosante Pharmaceuticals, Inc. (NASDAQ: BPAX) is up after announcing that development of its GVAX Prostate Cancer Vaccine has been reinitiated. The company said that manufacturing of the new GVAX Prostate is in process and that regulatory steps to lift the GVAX Prostate clinical hold prior to trial initiation are being taken.  Further noted was that prostate cancer patients are expected to be treated in a Phase II human clinical trial beginning in the fourth quarter of 2010 at Johns Hopkins.

The stock closed at $2.35 on Friday and at 8:44 AM EST we have shares up over 7% at $2.52 on about 73,000 shares.

JON OGG

Dendreon Stock/Option Volume Analysis (DNDN)

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…

JON C. OGG

Tellabs 52-Week High Alert (TLAB)

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.

JON C. OGG

Lexmark Earnings, New 52-Week Highs (LXK)

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.

JON OGG

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

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

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.”

JON OGG

Not-Jumping Juniper (JNPR)

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

Vitacost.com Sent to the Showers (VITC)

Vitacost.com, 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.

JON OGG

Apple’s New All-Time Highs (AAPL)

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.

JON C. OGG

Not So Magic After All (MTG)

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.

JON OGG

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.






Jason




Tropcial Fish Lovers




http://www.tropicalfishlovers.com




Freshwater Tropical Fish Species.

MGM Analyst Endorsement (MGM)

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.

JON OGG

Citigroup’s 1 Billion Shares (C)

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.

JON C. OGG

Citi’s 100M Share Pre-Market (C)

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.

JON OGG

A Muted Goldman Day Two, So Far (GS)

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.

JON OGG