Archive for the ‘Technology Stocks’ Category

LEI takes off, F in drive, DEXO backpedals

Monday, November 29th, 2010

Lucas Energy Inc. (AMEX: LEI) surged 34.52 percent in price Monday afternoon to $2.65. Volume of 1,011,650 shares proved more than seven times its three-month average share volume. The Houston-based independent oil and gas company provided an internal management update based upon its revised Eagle Ford potential reserves.

Ford Motor Company (NYSE: F) was among late Monday’s volume leaders, trading in 32,426,966 shares, still quite short of its three-month average share volume of 82,101,100. Prices were down 0.99 percent to $15.94 U.S. automobile sales in November may almost match the fastest pace this year as demand for domestic manufacturers’ trucks and sport-utility vehicles rose.

Dex One Corporation (NYSE: DEXO) fell in price Monday afternoon by 15.45 percent to $4.65. Volume was 684,224 shares, or more than double its three-month average share volume. The Dex One interactive operations are based in Santa Monica, Calif., and are responsible for developing online and mobile solutions that distribute local business information to consumers.

RBY soars, GE generates shares, BSDM falters

Monday, November 29th, 2010

Rubicon Minerals Corporation (AMEX: RBY) gained 30.7 percent in price early Monday afternoon to $5.79. Volume just after noon was 7,349,954 shares, galloping past its three-month average share volume of 917,905. The Toronto-based miner provided a NI 43-101 compliant inferred mineral resource estimate for the F2 Gold System, part of its 100%-owned Phoenix Gold Project located in the heart of the prolific Red Lake Gold District of Ontario, an inferred resource of more than 6.2 million tonnes, at a grade of 20.1 grams per ton gold.

General Electric Company (NYSE: GE) was among late Monday noon hour’s volume leaders, trading in 27,132,962 shares, quickly nearing its three-month average share volume of 57,383,200. The electric behemoth was flat in price to $15.80. GE Healthcare announced today the 510k clearance of its next generation wireless, digital X-ray detector at the 96TH annual meeting of the Radiological Society of North America (RSNA) in Chicago.

BSD Medical Corp. (NasdaqGM: BSDM) fell in price early Monday afternoon by 12.86 percent to $4.88. Volume by noon was 1,453,585 shares, edging past its three-month average share volume of 1,208,060. BSDM announced today that it has filed its Annual Report on Form 10-K for the fiscal year ended August 31.

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

ELCR in gear, CMGR shines bright, WLSI sinks

Tuesday, November 23rd, 2010

Electric Car Company Inc. (OTCBB: ELCR) doubled in price soon after Tuesday’s opening bell to two-100ths of a cent, on volume of 4.1 million shares. The Missouri-based ELCR is a vehicle conversion company that specializes in electric conversions and manufacturing for the Livery, Fleet and Private Specialty Markets.

Camelot Entertainment Group Inc. (OTCBB: CMGR) exploded off the shelves, trading Tuesday in 47.33 million shares soon after the opening bell. CMGR stock was down in price 14.29 percent, however, at six-100ths of a cent. The Los Angeles-based company announced today that its quarterly revenue increased 130 percent from the last quarter, totaling $53,712 as compared to $23,338 during the second quarter of 2010, with an additional $266,975 in collected revenue booked as deferred revenue under motion picture accounting rules.

Wellstar International Inc. (OTCBB: WLSI) took a 50-percent pasting early in Tuesday trading to one-100th of a cent. Volume was 3.88 million shares. WLSI is a provider of specialized diagnostic software and equipment

ASTC in orbit, C sells widely, IRE gloomy

Tuesday, November 23rd, 2010

Astrotech Corp. (Nasdaq: ASTC) sprinted out to a gain of gained 68.32 percent in price in Tuesday morning trade to $1.70  Volume in the first hour was a staggering 1,683,045 shares, overwhelming its usual full-day share volume of 67.095. The Austin-based provider of commercial aerospace services, today announced that its Astrotech Space Operations subsidiary has won a fully-funded task order under the $35-million Vandenberg Air Force Base (VAFB) indefinite delivery, indefinite quantity (IDIQ) contract for NASA.

Citigroup (NYSE: C) was among Tuesday morning’s volume leaders, trading in 104,926,884 shares, nearly a quarter of its mormal daily volume of 474,398,000 shares. The banking behemoth slipped in price, though, by 1.56 percent to $4.12.

Bank of Ireland (NYSE: IRE) fell in price early Tuesday by 23.42 percent to $1.70. Volume of 21,334,242 shares was nearly seven times the bank’s three-month daily average for volume.On Sunday, Ireland became the second euro zone country to ask for aid and will officially begin talks with the European Union regarding a bailout that could reach $110 billion.