IMPX shoots skyward, MNGPY volume leader, SGAMY jumps, SDVG takes header

Posted on Monday, November 8th, 2010

IMP, Inc. (Pink Sheets: IMPX) leaped 3,233.33 percent early in Monday’s trading to 0.01. Volume was 1,000 shares. The Group’s principal activities are to design, manufacture and market integrated circuit (IC) semiconductor devices.

Man Group PLC (Pink Sheets: MNGPY) was among the volume leaders in the small cap arena, trading in 1,420,288 shares. The price skidded 1.66 percent to $4.73 in the first two hours of trading. Man Group boasts it has built a significant managed accounts platform as an investor, in contrast to the flow-driven business model of other providers which tend to focus less on the underlying investment management application.

Sega Sammy Holdings, Inc. (Pink Sheets: SGAMY) jumped 1.52 percent in price Monday morning to $4.02, based on 1,382,727 shares. A leading maker of video games, SEGA is known for its Sonic the Hedgehog franchise.

Superior Development Group, Inc. (Pink Sheets: SDVG) very nearly halved its price Monday morning, tumbling 99.85 percent to three-100ths of a cent, on 1,950 shares. The stock has a 52-week range of up to 49 cents. The company, based in Clarksdale, Miss., is a real estate development consulting firm.

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


CARV, HIHO, SIRI lead Nasdaq gainers; CCCLW falls

Posted on Monday, November 8th, 2010

Carver Bancorp Inc. (NasdaqGM: CARV) started the week with a bang, picking up 57.44 percent in price to $5.15. Volume was 58,409 shares, towering over its three-month daily average of 1,777.  Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities. Friday,the Company reported a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $300,000 for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

Highway Holdings Limited (NasdaqCM: HIHO) leaped 47.17 percent in price to $3.90 early Monday, on volume of 357,331 shares, compared to a minute daily average of 20,842 shares. The Hong Kong-based company produces a wide variety of high-quality products for blue-chip original equipment manufacturers — from simple parts and components to sub-assemblies. Monday, HIHO reported third-quarter net income of $410,000 or $0.11 per diluted share, from $139,000, or $0.04 per diluted share, a year earlier. Net sales for same period climbed 50 percent to $7.8 million from $5.2 million a year earlier.

Sirius XM Radio Inc. (NasdaqGS: SIRI) led all Nasdaq stocks in volume early Monday with 21,898,076 shares. The satellite network maintains a three-month daily average of 74,017,600. SIRI gained a modest 1.44 percent in early Monday trading to $1.55. In the third quarter, SIRI reported revenue of $722.5 million, up 15 percent from the third quarter 2009 adjusted revenue of $629.6 million. Net income (loss) attributable to common stockholders for the third quarter of 2010 and 2009 was $67.6 million and ($151.5) million, respectively, or $0.01 and ($0.04) per diluted share.

China Ceramics Co. Ltd. (NasdaqCM: CCCLW) stumbled 18.34 percent in the first hour or so of trading Monday to $2.16. Volume was 2,332 shares, while three-month daily average was not available at press time. The leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring today announced third quarter revenue of $43.3 million U.S., up eight percent from the second quarter of 2010 and up 24.7 percent from the third quarter of 2009. Gross profit was $13.8 million U.S., up 10.1 percent from the second quarter of 2010 and up 24.2 percent from the third quarter of 2009.

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


KEM spreads wings, C stumbles, REVU reverses

Posted on Monday, November 8th, 2010

Kemet Corporation (AMEX: KEM) ballooned in price 206.51 percent to start the week, leaping to $13.18 in the first hour of Monday’s trading. Volume was 77,353 shares, compared to a three-month daily average volume of 603,542 shares. Friday, the company filed an application with the state of Delaware for a reverse stock split of the Company’s common stock at a ratio of one-to-three. Kemet, based in Greenville, South Carolina, is a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors.

Citigroup Inc. (NYSE: C) slid in price to begin the week, by 0.45 percent in the first hour of Monday’s trading, to $4.45. The banking conglomerate led all volume gainers, however, with128,587,051 shares changing hands, compared to a three-month daily average of 460,630,000. Meanwhile, the Wall Street Journal reported that the Securities and Exchange Commission has subpoenaed a number of former Citigroup brokers, who contend the bank misled investors on risky bond funds.

The Princeton Review, Inc. (NasdaqGM: REVU) plummeted 20 percent in price in Monday’s first hour to $1.24. Volume was 256,776 shares, more than double its three-month daily average. The Framingham, Mass. provider of test preparation, educational support services and online career education services, reported third-quarter revenue increased 59 percent to $54.4 million from$34.3 million in the prior year period. Loss from continuing operations was $8.7 million in the third quarter of 2010, as compared to income of $144,000 in the prior-year period.

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


IIIIU, CARV end week in orbit, BAC big seller, CO sinks

Posted on Friday, November 5th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) rocketed up 91.45 percent in Friday trading to close at $8.73. Volume was 65,393 shares, although the stock’s three-month daily average was not available at press time. The Stamford, Connecticut-based information-based services company has announced the release of third-quarter financial results, slated for after the close of trading Tuesday, November 9.

Carver Bancorp., Inc. (NasdaqGM: CARV) jumped 64.37 percent to close Friday’s trading at $3.27, on volume of 22,988 shares, towering over its three-month volume average of 1,429.Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities. Friday, the Company reported a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $300,000 for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

Bank of America Corporation (NYSE: BAC) was among the volume leaders Friday, selling in 404,415,995 shares, compared to its three-month average of 186,392,000 shares. BAC gained a respectable 1.9 percent on the day to close at $12.36. The share volume follows word that BAC and Citigroup Inc. are considering whether to let employees use the Apple Inc. phone as an alternative to Research In Motion Ltd.’s BlackBerry for corporate e-mail.

China Cord Blood Corporation (NYSE: CO) hurtled earthward 29.86 percent in price to close Friday at $3.97. Volume was 4,643,558 shares, around 100 times its normal daily volume average. The company, which operates a blood bank in China for umbilical cord blood, announced it was pricing a sale of 8.1 million shares at a steep discount.

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


BBDA vaults, MNGPY sells like hotcakes, ANTX tanks

Posted on Friday, November 5th, 2010

Bebida Beverage Co. (Pink Sheets: BBDA) experienced a 120-percent leap in afternoon trading to 2.2 cents, on 112,209 shares. Average volume was not available at press time. BBDAdevelops, manufactures and markets beverages such Koma Unwind “Chillaxation Drink™,” Koma Unwind Sugar-free “Chillaxation Drink™,” and Koma Unwind “Chillaxation Shot™,” among other drinks.

Man Group Plc (Pink Sheets: MNGPY) had a commanding position among small cap stocks, selling a brisk 1,710,699 shares Friday, even though those shares were flat at $4.80. Over the past 10 years, Man has built a significant managed accounts platform as an investor, in contrast to the flow driven business model of other providers which tend to focus less on the underlying investment management application.

AcuNetx, Inc. (Pink Sheets: ANTX) tumbled 95.96 percent in price, proving the Pink Sheets’ biggest losers, as Friday’s trading came to a close, to 0.0012. Volume was 60,500 shares. The Torrance, California company makes surgical and medical instruments.

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


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