Archive for January, 2011

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ICGN up on upgrade, MSFT active, TESS is less

Wednesday, January 19th, 2011

Icagen Inc. (Nasdaq: ICGN) ballooned in price 43.6 percent to $3.26 Wednesday afternoon. Volume of 3,889,370 shares dwarfed a full-day volume average of around 300,000. MLV Capital Tuesday upgraded ICGN from Hold to Buy.

Microsoft Corporation (Nasdaq: MSFT) traded Wednesday in 33,974,878 shares, better than half its full-day average of 54,463,100. Prices for the stock dipped 1.1 percent to $28.36.

TESSCO Technologies Incorporated (Nasdaq: TESS) toppled 17.1 percent Wednesday to $13.40. Volume for the stock was 127,818 shares, seven times its normal daily volume. TESSCO and GE announced Wednesday they would work together to produce crash-avoidance systems that stop trains without an engineer’s intervention.

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MNAI in the money, NUBL active, ESLP earthward

Wednesday, January 19th, 2011

Monar Intl. Inc. Common (OTCBB: MNAI) prospered 216.7 percent Wednesday to 47.5 cents. Volume was only 10,000 shares, but still double its normal daily average. MNAI is engaged in the development of a website that would offer to the public a tasteful traditional style Chinese furniture adapted to modern needs for Asian ethnic and high end markets in North America.

Numobile Inc. (OTCBB: NUBL) traded in 29.8 million shares, compared to its daily average of 22.8 million. Prices, however, sifted off 18.2 percent to nine-100ths of a cent. NUBL Tuesday, China Crescent Enterprises, Inc. (OTCBB: CCTR) and Savanna East Africa have partnered to build a wireless broadband network in Nairobi, Kenya.

Euro Solar Parks Inc. (OTCBB: ESLP) shed 63.4 percent Wednesday to 26 cents. Volume was a mere 20,000, in contrast to usually active volume of more than a million.

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BITA rockets up, GE buzzing, ANTP stumbles

Wednesday, January 19th, 2011

Bitauto Holdings Limited America (NYSE: BITA) increased in price 12 percent to $10.48 midday Wednesday. Volume of 381,406 shares trailed its full-day volume average of 395,615, after Oppenheimer initiated coverage on the stock at Outperform.

General Electric Company (NYSE: GE) traded Wednesday in 33,684,575 shares, catching up on its full-day average of 54,463,100. Prices for the stock slid 1.6 percent to $18.31, after stating that its deals with China have totaled $2 billion.

Phazar Corporation (Nasdaq: ANTP) toppled 17.3 percent Wednesday to $3.79. Volume for the stock was 158,483 shares, four times its normal daily volume. Wednesday, Phazar reported quarterly Earnings Per Share of $0.01 vs. $0.00 in 2Q10; revenues rose 8% year-over-year to $2.3 million.

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GENE jumps, BAC busy, COOL freezes

Wednesday, January 19th, 2011

Genetic Technologies Inc. (Nasdaq: GENE) vaulted 65.8 percent to $5.57 Wednesday. Volume of 538,264 shares trampled its full-day volume average of 17,027.

Bank of America Corporation (NYSE: BAC) was a volume leader Wednesday, trading in 99,658,930 shares, catching up on its full-day average of 217,463,000. Prices for the stock slid back 2.8 percent to $14.59, as lower prices for bank shares weighed on the markets.

Majesco Entertainment Company (Nasdaq: COOL) tanked 17.9 percent Wednesday to $1.15.  Volume for the stock was 1,426,060 shares, three times its normal daily volume. Tuesday, COOL reported quarterly net revenues decreased 2.2 percent to $23.4 million versus $23.9 million in the same period a year ago. During this same period, the Company reported an operating loss of $1.3 million, compared to an operating loss of $5.5 million in the fourth quarter of 2009.

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EARH goes into space, SSOL popular, MMEX in mess

Wednesday, January 19th, 2011

Earth Dragon Resources Inc. (OTCBB: EARH) was a major gainer among micro-cap stocks Wednesday, growing in price 493.8 percent to 20 cents. Volume for this stock was nearly 18,000 shares, only about a 10th of a normal daily volume. Tokyo-based EARH announce Tuesday the signing of a joint venture agreement with Netas Mining Company Ltd. (Netas Mining) in order to conduct operations on mineral concessions in Ghana which have been shown to be productive for gold.

Sunvalley Solar Inc. (OTCBB: SSOL) found its stock selling like hotcakes Wednesday, trading in 23.9 million shares, already surpassing its daily average of 16.2 million. Prices for the stock did well, too, leaping 31 percent to 93-100ths of a cent, only a day after announcing that it has signed another commercial solar installation contract with Vessey & Co in Holtville, California.

Management Energy Inc. (OTCBB: MMEX) halved its price in early Wednesday trading to five cents. Volume of 1.5 million towered over its usual volume of 24,387. Dallas-based MMEX is an exploration stage company engaged in the acquisition and development of coal reserves in the United States and South America.

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