Archive for the ‘Consumer Discretionary Stocks’ Category

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MCTC skyrockets, CCTR solid, VTDI not so visible

Tuesday, January 18th, 2011

MicroChannel Technologies Corp. (OTCBB: MCTC) soared 150 percent in price to 10 cents Tuesday. Volume for the stock was 118,510 shares, compared to a full-day average of just less than 40,000. MCTC is a development stage technology company focused on the identification, acquisition, and development of technologies and products which it believes has the potential for commercialization.

China Crescent Enterprises Inc. (OTCBB: CCTR) was a busy trader Tuesday, dealing in 77.1 million shares, compared to a daily average of 29 million shares. Prices went south, however, by 14.3 percent to 12-100ths of a cent. NuMobile, Inc. China Crescent and Savanna East Africa have partnered to build a wireless broadband network in Kenya.

Visitrade Inc. (OTCBB: VTDI) dipped 62.5 percent to 1.5 cents Tuesday. Volume was 22,700 shares, just nosing out its daily average of 16,522. VTDI focuses to operate as an online retailer of aftermarket Triumph motorcycle parts, accessories, and apparel.

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FTK jumps, AAPL reacts to Jobs news, BGP tanks

Tuesday, January 18th, 2011

Flotek Industries Inc. (NYSE: FTK) leaped 12.1 percent in price to $6.56. Volume was 1,892,503, nosing its full-day volume average of 1,451,310. The Houston-based FTK supplies drilling and production-related products to the mining and energy industries mining industries.

Apple Inc. (Nasdaq: AAPL) was active Tuesday, dealing in 49,819,895 shares Thursday, better than triple its full-day average. Prices for the stock sagged 2.2 percent to $340.89, on word CEO Steve Jobs is taking medical leave of absence.

Borders Group Inc. (NYSE: BGP) fell 13.2 percent to 92 cents. Volume for the stock was 6,837,874 shares, about three and a half times its all-day average, after reports surfaced over the weekend that the company has hired bankruptcy and restructuring lawyers.

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PSGY secure, APTD active, FMNL falters

Tuesday, January 18th, 2011

Princeton Security Technology Inc. (OTCBB: PSGY) skyrocketed 180 percent in price Tuesday to 14 cents. Volume was 74,500 shares, better than nineteen times its usual average. Preliminary quarterly results show projected income of approximately $170,000, compared to loss of $162,217 for the same period ending December 31, 2009.

AlphaTrade.com (OTCBB: APTD) shares flew off the shelves Tuesday, trading in 123 million, compared with an average all-day volume of 12.2 million. Prices hiked, too, by 33.3 percent to eight-100ths of a cent. AlphaTrade is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets.

Forum National Investments Ltd. New (OTCBB: FMNL) tripped 55 percent to 18 cents Tuesday. Volume for the stocks was 36,250 shares, or six times its full-day average. FMNL provides travel services for the members of its ‘Snowbird Vacations International’ travel club.

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Borders Group, Inc. (BGP) shares rise on rumors of possible financing

Friday, January 14th, 2011

Shares of Borders Group, Inc. (NYSE: BGP) were up more than 30 percent on Friday after it was reported that the troubled bookstore chain told publishers that it was close to securing refinancing that was intended to reduce costs, improve liquidity and expand marketing efforts.

Borders also asked publishers to provide money for a large portion of the company’s debt as a loan, according to people briefed on the matter, the New York Times reported.

Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.

It was also reported earlier this month that  Borders said it was delaying payments to some of its vendors. According to the company’s latest financial statements, its biggest liability is its unpaid bills to suppliers, a figure which may have ballooned following the holiday selling season.

Shares of BPG closed at $1.06, up 29 percent from Thursday’s closing price. Shares are down 18 percent over teh past three months.

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SSN rises, F gets a jolt, LOOK down

Thursday, January 13th, 2011

Samson Oil and Gas Ltd. (AMEX: SSN) shares gained 22.6 percent to $1.90 early Thursday afternoon. Volume was 3,082,016, or more than five times its full-day volume average. The Australia-based SSN’s principal business is the exploration and development of oil and natural gas properties in the United States

Ford Motor Company (NYSE: F) traded in 65,058,288 shares Thursday, catching up to its daily average of 82,882,200. Prices for the car maker were up 0.6 percent to $18.82. F announced Thursday its Focus Electric will offer an innovative home charging station for customers that delivers several benefits for a convenient and simple experience. The unit was jointly developed with Leviton, a leading North American producer of electrical devices.

LooKSmart Ltd. (Nasdaq: LOOK) fell 13.7 percent Thursday to $1.70. Volume for the stock at 612,508 shares proved 11  times its full-day average. Thursday, LOOK projected fourth-quarter revenues in the range of $9.7 million to $9.9 million, Net income for the fourth quarter of 2010 is expected to be in the range of $0.0 million to $0.1 million.

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