Archive for January, 2011

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CPBM flies, ELCR accelerates, NTFL bruised

Thursday, January 13th, 2011

Cyplasin Biomedical Ltd. (OTCBB: CPBM) doubled in price Thursday to eight cents, on volume of 556,350 shares, at least 10 times its daily average. Through its wholly-owned subsidiary, Astro Nutrition Inc., CPBM functions as a reseller of health products and herbal remedies.

Electric Car Company Inc. (OTCBB: ELCR) was busy Thursday, trading in 98.9 million shares, compared to a daily average of 75.2 million. The price doubled Thursday to two-100ths of a cent.

Network 1 Financial Group Inc. (OTCBB: NTFL) stumbled 61 percent in price Thursday to 3.9 cents. Volume was 44,960 shares trounced its normal daily average. The company generates income from transactional business, mutual fund sales, business consulting fees, finder’s fees, and annuity sales.

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Posted in Consumer Discretionary Stocks, Financial Stocks | No Comments »

THLD breaks down door, INTC active, DRWI scorched

Thursday, January 13th, 2011

Threshold Pharmaceuticals Inc. (Nasdaq: THLD) shares gained 16.9 percent to $2.01 Thursday. Volume was 606,335, triple its full-day volume average. THLD is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Intel Corporation (Nasdaq: INTC) traded in 47,608,915 shares Thursday, catching up to its daily average of 55,807,500. Prices for the chip maker were off 0.3 percent to $21.24.

DragonWave Inc. (Nasdaq: DRWI) fell 15.4 percent Thursday to $7.33 Volume for the stock was 3,399,796 shares proved nearly seven times its full-day average. Wednesday, the Ottawa-based DRWI announced quarterly figures showing revenue of $27.0 million, compared with $51.6 million in the third quarter of fiscal year 2010. Net loss in the third quarter of fiscal year 2011 was $0.05 million, compared to net income of $11.6 million in the prior-year quarter.

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Posted in Health Care Stocks, Technology Stocks | No Comments »

BIOD, MU climb, YMI stalls

Thursday, January 13th, 2011

Biodel Inc. (Nasdaq; BIOD) shares gained 29.6 percent to $2.51 Thursday. Volume was 5,866,108, nearly six times its full-day volume average. The company is expected to issue a corporate update today, to include detailed information about the development of follow-on formulations of its lead product Linjeta.

Micron Technology Inc. (Nasdaq: MU) traded in 44,726,493 shares Thursday, better by half its daily average. Prices for MU were up by 4.34 percent to $9.74, after a Baird analyst upgraded the memory chip maker citing stabilizing prices and a strong outlook for NAND flash memory chips.

YMI BioSciences Inc. (AMEX: YMI) fell 16.3 percent Thursday to $2.21 Volume for the stock was 836,963 shares, better than twice its full-day average. The Canadian-based YMI is a drug development company advancing three clinical-stage products.

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TMED leads pack, CMGR trades, SBJX sinks

Thursday, January 13th, 2011

Trimedyne Inc. (OTCBB: TMED) rocketed upward 65.2 percent to 19 cents Thursday. Volume for the stock was 68,480 shares, or nearly four times its normal full-day average. TMED is engaged in the development, manufacturing and marketing of 80 and 30 watt Holmium ‘cold’ pulsed lasers.

Camelot Entertainment Group Inc. (OTCBB: CMGR) traded in 44.3 million shares soon after Thursday’s open, compared to a full-day average of 320.9 million. Prices were stable at one-100th of a cent. The company is involved in studio work for film and television.

Subjex Corp. (OTCBB: SBJX) took its lumps Thursday, falling 58 percent in price to 37-100ths of a cent. Volume was 20,000 shares, still with ground to make up on its average of 131,265. SBJX is a Minnesota Corporation formed in 1999, for the creation, custom development and incubation of ‘outside the box’ artificial intelligence technologies.

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Posted in Consumer Discretionary Stocks, Health Care Stocks | No Comments »

EXFO excels, C steady, LEDS falls

Thursday, January 13th, 2011

Exfo Inc. (Nasdaq: EXFO) shares gained 21.7 percent to $9.21 Thursday. Volume was 1,068,654, leaps and bounds better than its full-day volume average of 34,688, after the Canadian telecom-testing-equipment maker reported first-quarter earnings that exceeded its own forecast.

Citigroup (NYSE: C) traded in 179,303,239 shares Thursday, about a third its daily average of 547,887,000. Prices for C were flat at $5.07.

SemiLEDS Corporation (Nasdaq: LEDS) fell 33 percent Thursday to $19.17 Volume for the stock was 4,007,597 shares, eight times its full-day average. The company said new pricing pressures will lead to slimmer profit and revenue for the newly-public company over the next three months.

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