Archive for the ‘Financial Stocks’ Category

INSA triumphs, WLSI flies off shelves, TAXS tumbles

Wednesday, December 1st, 2010

Invisa Inc (OTCBB: INSA) shot 202 percent higher in price late Wednesday morning to .045 cents. Volume in INSA was an active 306,000 shares, towering over an average of 20,101. The Company manufactures and sells a line of SmartGate brand safety sensors used in or with parking gates to protect life and property.

Wellstar International Inc. (OTCBB: WLSI) saw an exciting trade Wednesday of 68.23 million shares to make it among the most active in the micro-cap field. Average daily volume was around 76 million. Shares were flat in price, however, at one-100ths of a cent. Through its wholly owned subsidiary, Trillennium Medical Imaging, Inc. (TMI), is developing and licensing the use of advanced thermal imaging technology.

TaxMasters Inc. (OTCBB: TAXS) jettisoned 77.14 percent in Wednesday trading to eight cents. Volume of 12,000 shares surpassed its normal daily volume of 7,871. The Houston-based TAXS is the IRS tax representation company and a leading provider of tax compliance and repayment services.

MIGP soars, C does brisk trade, APWR loses some power

Wednesday, December 1st, 2010

Mercer Insurance Group Inc. (NasdaqGM: MIGP) jumped in price 47.93 percent to open trading Wednesday at $27.88. Volume of 340,855 squashed its normal daily voume of 4,312. Kendall Law Group announced Wednesday it is investigating Mercer Insurance Group, Inc. for shareholders in connection with the proposed acquisition by United Fire & Casualty Company. The national securities firm’s investigation seeks to determine whether Mercer Insurance Group and its Board breached their fi

Citigroup Inc. (NYSE: C) was the volume leader in early trading Wednesday, exchanging 154,660,124 shares, rapidly catching closing in on its daily average volume of 465,835,000. Citigroup shares were 2.02 percent more expensive at $4.28.

APower Energy Generation Systems Ltd. (NasdaqGS: APWR) saw its share prices fall Wednesday morning by 27.99 percent to $4.58. Early share volume of 3,099,954 shares more than tripled the stock’s full-day average. The Chinese-based power company reported Wednesday revenues decreased 40.7% to $57.3 million from $96.6 million in the third quarter 2009. Gross profit decreased 2.5% to $12.3 million in the third quarter from $12.6 million in the third quarter 2009.

TIAS jumps, CMGR does great business, BCBF beached

Monday, November 29th, 2010

Time Associates Inc. (OTCBB: TIAS) climbed in price by 1,342.86 percent to $1.01. Volume of 500 shares, more than triple its usual volume.

Camelot Entertainment Group Inc. (OTCBB: CMGR) did tremendous volume Monday, trading in 132.9 million shares, compared to three-month daily average of 95.6 million. The company’s share price was flat, though, at four-100ths of a cent. Last week, the entertainment company announced quarterly revenue increased 130% from the last quarter, totaling $53,712 as compared to $23,338 during the second quarter of 2010.

Beach Community Bancshares Inc. (OTCBB: BCBF) slid 70 percent in price Monday to 30 cents. Volume of 15,000 shares dwarfed its usual volume of 1,795 shares.

ENA races ahead, IRE overpowers share average, NOAH sinks

Monday, November 29th, 2010

Enova Systems Inc. (AMEX: ENA) picked up 22.55 percent in price Monday afternoon to $1.25. Volume of 180,330 shares was nearly four times its three-month average share volume. ENA is a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems.

Bank of Ireland (NYSE: IRE) did brisk business Monday, trading in 29,498,405 shares, dwarfing its three-month average share volume of 6.2 million. Prices jumped 20.83 percent to $1.71, in the aftermath of the E.U. move to bail out Irish banks.

Noah Holdings Ltd. (NYSE: NOAH) dropped by 8.04 percent Monday afternoon to $16.92. Volume of 352,300 shares was a pittance compared to its usual three-month average share volume of 1,377,410. Shanghai-based NOAH provides investment advisory and wealth management services.

VOLT bolts higher, BAC busy, MTSL takes lickin’

Monday, November 29th, 2010

Voltaire Ltd. (NasdaqGM: VOLT) gained 34.6 percent in price Monday to $8.65. Volume approaching noon was 3,117,260 shares, easily trumping its three-month average share volume of 33,022. The leading provider of scale-out data center fabrics announced today a definitive agreement under which Mellanox Technologies Ltd. will acquire 100 percent of VOLTs outstanding ordinary shares for cash at a price of $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash).

Bank Of America Corp. (NYSE: BAC) was among late Monday morning’s volume leaders, trading in 60,345,222 shares, on track of its three-month average share volume of 197,194,000. BofA Merrill Lynch Global Research announced today it has introduced the Global Financial Stress Index (GFSI), a comprehensive, cross-market gauge of risk, hedging demand and investment flows. The index is designed to help investors identify market risks earlier and more accurately than commonly used risk indicators, such as the VIX index.

MER Telemanagement Solutions Ltd. (NasdaqCM: MTSL) fell in price early Monday by 13.02 percent to $1.87. Volume by noon was 77,694 shares, surpassing its three-month average share volume of 51,500. MTSL is an Israeli-based global provider of business support systems for comprehensive telecommunication management, telecommunications expense management solutions and customer care & billing solutions