PSGY secure, APTD active, FMNL falters

Posted on Tuesday, January 18th, 2011

Princeton Security Technology Inc. (OTCBB: PSGY) skyrocketed 180 percent in price Tuesday to 14 cents. Volume was 74,500 shares, better than nineteen times its usual average. Preliminary quarterly results show projected income of approximately $170,000, compared to loss of $162,217 for the same period ending December 31, 2009.

AlphaTrade.com (OTCBB: APTD) shares flew off the shelves Tuesday, trading in 123 million, compared with an average all-day volume of 12.2 million. Prices hiked, too, by 33.3 percent to eight-100ths of a cent. AlphaTrade is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets.

Forum National Investments Ltd. New (OTCBB: FMNL) tripped 55 percent to 18 cents Tuesday. Volume for the stocks was 36,250 shares, or six times its full-day average. FMNL provides travel services for the members of its ‘Snowbird Vacations International’ travel club.

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


LEE leaps, MRK trades widely, MCZ struggles

Posted on Tuesday, January 18th, 2011

Lee Enterprises Inc. (NYSE: LEE) leaped 14.9 percent in price to $3.31. Volume was 808,866, or better than twice its full-day volume average, on reports the company enjoyed 38-percent better ad revenue in its first fiscal quarter.

Merck & Company Inc. (NYSE: MRK) was active Tuesday, dealing in 36,816,766 shares Thursday, better than twice its full-day average. Share prices were off, though, 0.8 percent to $33.95. Merck is teaming up with Ariad Pharmaceuticals on a drug to target cancerous tumors of the soft tissue or bone.

Mad Catz Interactive Inc. (AMEX: MCZ) skidded 16.5 percent to 96 cents, while volume for the stock was 2,819,600 shares, more than four times its all-day average. MCZ designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices.

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


ARIA leaps, BAC busy, HDY takes beating

Posted on Tuesday, January 18th, 2011

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) prospered 30.5 percent in price to $6.85. Volume was 10,153,861, or six times its full-day volume average, amid generally positive news in the drug sector.

Bank of America Corp. (NYSE: BAC) was an active trader Tuesday, dealing in 126,455,431 shares Thursday, compared to a full-day average of 228,170,000. Share prices were off, though, two percent to $14.95.

Hyperdynamics Corporation (AMEX: HDY) fell 16.9 percent Tuesday to $5.95. Volume for the stock was 7,220,720 shares, nearly five times its all-day average. Even so, experts point out that the shares are up more than an astonishing 500% over the past six months

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Posted in Energy Stocks, Financial Stocks, Health Care Stocks by Glenn | No Comments »


MLOBF moves, WLSI does well, AXNO goes south

Posted on Tuesday, January 18th, 2011

Melo Biotechnology Holdings Inc. (OTCBB: MLOBF) sustained a 500-percent spike in price Tuesday to 12 cents. Shares traded totaled 47,000, or better than four times its full-day average. Melo International Holdings Limited develops trades and markets health products, which are mainly nutritional supplements, in Hong Kong.

Wellstar International Inc. (OTCBB: WLSI) traded in 40.5 million shares on Tuesday, making it among the volume leaders in micro-caps. Its full-day average is around 38 million. Prices for WLSI were flat at one-100th of a cent. Wellstar, through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc.is poised to become a leading diagnostic company in the health-care industry.

Asherxino Corp. (OTCBB: AXNO) dipped in price 59.7 percent to 6.05 cents Tuesday. Volume was 45,000 shares, or triple its full-day volume average. AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria.

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


SBIBW has wings, C, ALXA sink

Posted on Tuesday, January 18th, 2011

Sterling Bancshares Inc. (Nasdaq: SBIBW) flew 60 percent in price to $3.12. Volume was 101,438, or five times its full-day volume average, amid reports this week that Cullen/Frost Bankers, Inc. may be acquiring the smaller bank.

Citigroup Inc. (NYSE: C) flew off the shelves Tuesday, dealt in 731,126,655 shares Thursday, already surpassing a full-day average of 549,838,000. Prices for C fell 5.5 percent to $4.86. Citigroup reported a $1.3 billion profit, compared with a $7.6 billion loss a year earlier. Revenue jumped to $18.4 billion, from $5.4 billion a year earlier, but fell more than 11% from the third quarter.

Alexza Pharmaceuticals Inc. (Nasdaq: ALXA) fell 19.2 percent in early trading to $1.35. Volume for the stock was 1,784,554 shares, nearly double its all-day average, on word that the company will file a new application for its drug candidate Adusuve Staccato in July.

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


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