Archive for January, 2011

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MSHL marches, CSCO deals, GTIMD down

Wednesday, January 26th, 2011

Marshsall Edwards Inc. (Nasdaq: MSHL) shares spiked 21.8 percent to $2.63, on volume of 114,403 shares, tripling its daily average.

Cisco Systems Inc. (Nasdaq: CSCO) was among the volume leaders Wednesday, trading in 46.2 million shares compared to a daily average of 72.8 million. Share prices shaved off 0.6 percent to $21.41.

Good Times Restaurants Inc. (Nasdaq: GTIMD) shares jettisoned 34.3 percent to $3.11 Wednesday, on volume of 186,771 shares, compared to a daily average of 5,000. The Colorado-based restaurant chain said December was its fifth consecutive month of same-store sales increases. It said that same-store sales were up 13.4 percent in the just-completed first quarter of fiscal 2011 from a year earlier.

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

BKI makes bucks, MSFT dialed in, XIN goes south

Wednesday, January 26th, 2011

Buckeye Technologies Inc. (NYSE: BKI) shares spiked 18.1 percent to $24.94, on volume of 1.6 million shares, beating its daily average of 449,548, on strong quarterly earnings of $17.1 million, or 42 cents a share, on sales of $209.5 million. That compares to net income of $46.3 million, of $1.18 per share, on sales of $183.3 million, a year ago.

Microsoft Corporation (Nasdaq: MSFT) was among the volume leaders Wednesday, exchanging 45.7 million shares compared to a daily average of 57.9 million. Share prices improved 1.2 percent to $28.80, on news the software giant shipped two million Windows phones last quarter.

China Xiniya Fashion Inc. (NYSE: XNY) shares tumbled 11.7 percent to $6.50, on volume of 483,556 shares, nearly double its daily average, after renewing its sponsorship agreement with a leading pop star in China

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

BioFuel Energy Corp. (BIOF) – Buzz Stock of the Day

Wednesday, January 26th, 2011

Shares of ethanol company BioFuel Energy Corp. (Nasdaq: BIOF) was up as much as 25 percent from Tuesday’s closing price in morning trading on Wednesday.

Shares of BIOF traded as high as $1.30 per share, up from Tuesday’s close of $1.05.

Ethanol companies caught a boost late last week after it was announced that the Thursday, the EPA approved the use of up to 15% ethanol in gasoline (E15) in vehicles produced from 2001 until 2006.  Previously, the maximum gasoline blend was 10 percent ethanol.

Although it may not have an immediate impact  the EPA nod is definitely a positive sign for the industry and companies like BioFuel Energy Corp., which engages in the production and sale of ethanol and its co-products primarily in the United States. The Denver-based company has two ethanol plants that produce 115 million gallons of ethanol per year that arelocated in Wood River, Nebraska and Fairmont, Minnesota. BioFuel Energy sells its products to its third party marketer and distributor.

For the three months ended September 30, 2010, BioFuel Energy Corp. reported net sales of $114.7 million, up 4 percent form net sales of $91.1 million reported for the same quarter a year earlier.

Shares of BioFuel Energy Corp. are down approximately 78 percent over the past three months.

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Posted in Energy Stocks | 1 Comment »

MMTE energetic, CGFIA busy, MCET miserable

Wednesday, January 26th, 2011

Mammoth Energy Group (OTCBB: MMTE) climbed 18.2 percent Wednesday to 13-100ths of a cent. Volume was 120.4 million shares, compared to a daily average of 43.8 million.

Colorado Goldfields Inc. (OTCBB: CGFIA) traded in 138.2 million shares Wednesday, compared to an average of 50.6 million. Prices for the stock tumbled, however, 87.4 percent, to 12-100ths of a cent. CGFIA is a mining exploration stage company engaged in the acquisition and exploration of mineral properties, mainly for gold, silver, zinc, copper and lead.

MultiCell Technologies Inc. (OTCBB: MCET) dumped 25.7 percent Wednesday to 1.04 cents, on volume of 57.2 million shares, or about eight times its usual daily average. MCET has specialized in developing main liver cell immortalization technologies to produce cell-based assay systems for use in drug discovery.

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BIOF busy, BAC in trouble, EK out of focus

Wednesday, January 26th, 2011

BioFuel Energy Corp. (Nasdaq: BIOF) shares improved 18.1 percent to $1.24, on volume of 384,014 shares, just outdistancing its daily average.

Bank of America Corp. (NYSE: BAC) exchanged 65.7 million shares Wednesday, compared to a daily average of 204.5 million. Share prices improved 0.3 percent to $13.67, after the bank was sued by mortgage investors over what they called “massive fraud”.

Eastman Kodak Company (NYSE: EK) shares tumbled 16.6 percent to $3.77, on volume of 35.5 million – four times its daily average — after EK reported its quarterly profit plunged 95 percent and revenue tumbled 25 percent on steep declines in its digital business as well as a drop in intellectual-property licensing revenue.

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