WSP keeps gaining, MGM among volume leaders, IIIIU slides

Posted on Monday, November 8th, 2010

WSP Holdings Limited (NYSE: WH) sprinted ahead 14.39 percent Monday to register at $1.59 soon before the closing bell. Volume was 313,312 shares, more than triple its daily average. WSP Holdings is a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration.

MGM Resorts International (NYSE: MGM) got traction in late Monday trading, moving up 6.77 percent to $12.93. Volume of 76,693,483 shares dwarfed its three-month daily average of 27,642,800. The company announced last week that it has closed its previously-announced sale of four long-term ground leases and their respective underlying real property parcels at The Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

Information Services Group Inc. (NasdaqGM: IIIIU) sank 23.48 percent late Monday to $6.68. Volume was 113,778 shares. The stock’s three-month daily average was not available at press time. The Stamford, Conn. Company was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related products and services.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks by Glenn | No Comments »


CTLI, SHNL jump, CPMCF dips

Posted on Monday, November 8th, 2010

Compress Technologies Inc. (Pink Sheets: CTLI) achieved a new 52-week trading high late Monday afternoon by gaining 1,233.33 percent to $2.00, on a modest 2,000 shares. Compress Technologies, Inc., is a Pompano Beach, Florida-area technology based company, which has acquired VMSK Technology as well as the rights to Nano Technology, MSB, 3PRK and other technologies.

Shentang International, Inc. (SHNL.OB) leaped 600 percent Monday afternoon to 3.5 cents, on volume of 28,500. The stock’s 52-week trading range runs from half a cent to $2.525. The Chinese-based Shengtang engages in design, source for production and sale of glass products, which are used as festival gifts, home decorations and craftworks

Coastal Pacific Mining Corp. (CPMCF.OB) plummeted 38.67 percent in price to 19 cents in Monday trading, on volume of 50.15 million shares. The stock’s 52-week trading range has peaked around 82 cents. The Calgary-based miner announced it has completed $1,000,000 of a $2,000,000 private financing for operations and exploration of its properties. 

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks by Glenn | No Comments »


Afternoon Buzz: VRML, STRC more robust, Ford among volume leaders, CBAN ailing

Posted on Monday, November 8th, 2010

Vermillion Inc. (NasdaqGM: VRML) rocketed up 35.71 percent to $6.65 in mid-afternoon trading on Monday. The company traded in 478,809 shares, more than tripling its three-month daily average of 100, 048. The company, based in Fremont, Calif., and makes diagnostics tests that help physicians to diagnose and treat patients, has an earnings conference call set for Thursday morning.

SRI/Surgical Express Inc. (NasdaqGM: STRC) tacked on 25.81 percent to $3.90 Monday, on volume of 45,785, easily trumping its three-month average of 3,464 shares. The Tampa-based provider of reusable surgical device reprocessing services responded to a proposed takeover bid, by adopting a Shareholder Rights Plan and declaring a dividend of one right on each outstanding share of the Company’s common stock.

Ford Motor Company (NYSE: F) was among the volume leaders mid-afternoon Monday with 106,306,518 shares traded. Normal daily volume for the carmaker is 65,873,900 shares. F shares prospered 0.99 percent to $16.37. Ford said Monday it is launching a 60-city tour to push its 2011 F-150 Roundup. Potential buyers can sign up for a Ford representative to bring the truck to the participant’s house or place of work for a 30-minute drive.

Colony Bankcorp Inc. (NasdaqGM: CBAN) dropped 16.98 percent in price Monday afternoon to $4.04. Volume for CBAN was a mere 553, compared to a three-month daily average of 1,838. The regional bank, based in Fitzgerald, Georgia, last reported earnings in late October, and it was not pretty. CBAN’s net loss was $1,384,000, or $(0.16) per diluted share for the third quarter of 2010, down from Q3 2009 net income of $18,000, or $0.00 per diluted share.

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


HTM shows its power, INS proves brainy, SPDR flies off shelves, DPW down

Posted on Monday, November 8th, 2010

U.S. Geothermal Inc. (AMEX: HTM) leaped 22.73 percent to $1.35, on volume of 1,986,007 shares, or nearly 10 times its daily average. The Boise, Idaho company has scheduled a conference call for Tuesday, to discuss second-quarter financials. U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

Intelligent Systems Corporation (AMEX: INS) went skyward 50.93 percent to $1.60 in early afternoon trading Monday.  INS share volume surpassed 13,650 shares, dwarfing its three-month daily average of 1,267. INS, based in Norcross, Georgia, for 30 years, has identified, created, operated and grown early stage technology companies.

SPDR S&P 500 (NYSEArca: SPY) led AMEX volume stocks early Monday afternoon by trading in 81,826,044 shares. Daily three-month average is 194,042,000 shares. The index-based issue lost some traction, though, faltering in price 0.18 percent to $122.50.

Digital Power Corporation (AMEX: DPW) gave back 11.28 percent in price in early afternoon trading Monday to $1.73. Volume quadrupled its three-month daily average at124,392 shares. The company, based in Fremont, Calif., last week reported third-quarter revenues increased by 87 percent to $3,186,000, compared to $1,708,000 for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the same quarter last year.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks by Glenn | 1 Comment »


IDT-C, CGA speed ahead, BAC is hot, RDN is not

Posted on Monday, November 8th, 2010

IDT Corporation (NYSE: IDT-C) strengthened 37.38 percent in price by noon ET Monday to $16.98. IDT shares leaped off the shelves, trading in 178,167, in comparison to a three-month daily average of 4,741. Last week, IDT’s Board of Directors authorized an initial cash dividend of $0.22 per share to be paid on or about November 23 to shareholders of record at the close of business on November 15 of IDT Corporation Common Stock, Class A Common Stock and Class B Common Stock. IDT is a consumer services company with operations primarily in the telecommunications and energy industries.

China Green Agriculture Inc. (NYSE: CGA) gained 10.55 percent to $8.38 as the clock approached noon ET Monday. Volume was 574,045 in just the first half of the trading day, compared to the daily average of 590,935. This, despite word that class action lawsuit has been commenced in the United States on behalf of purchasers of the securities of China Green Agriculture, Inc. between November 12, 2009 and September 1, 2010. The complaint charges China Green and certain of its officers and directors failed to disclose accurate financial information during the Class Period.

Bank of America Corporation (NYSE:BAC) had a commanding position among volume stocks Monday morning, exchanging 106,512,045 shares, compared with a three-month daily average of 190,530,000 shares. The conglomerate inched ahead in price 1.17 percent to read $12.51 at the lunch hour in New York. The company serves clients through operations in more than 40 countries.

Radian Group Inc. (NYSE: RDN) took a spill of 11.16 percent in price to greet noon ET on Monday at $8.84. Volume in RDN stock came in at 6,313,939 shares, more than 50 percent above its three-month daily volume average. The Philadelphia-based mortgage insurer saw its shares drop, after announcing it will raise up to $350 million through a convertible notes offering to repay debt.

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Posted in Consumer Discretionary Stocks, Consumer Staples Stocks, Financial Stocks by Glenn | No Comments »


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