Market Wrap (Nov. 10, 2006)

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DJIA 12,108.43; Up 5.13 (0.04%)NASDAQ 2,389.72; Up 13.71 (0.58%)S&P500 1,380.90; Up 2.57 (0.19%)10YR-Bond 4.586% Down 0.047NYSE Volume 2,305,280,000NASD Volume 1,649,479,000This morning Motorola announced it would buy privately held Good technology for its mobile entreprise email solutions. Because of increase competition potentiality both R-I-M (RIMM) fell 0.5% to $124.11 and Palm (PALM) fell
2% to $14.61.Hewitt & Associates (HEW) fell 1.7% to $25.26 after missing earnings expectations.Tanox (TNOX) rose 44% to $19.75 after Genentech (DNA) announced it would acquire the company for $20.00 per share.Autobytel (ABTL) rose 1.5% to $3.30 after earnings because it signed to be AOL’s exclusive platform for online local search and price quotes for auto dealerships.NYSE (NYX) rose almost 10% to $94.40 after Jim Cramer last night said it would Triple in the next two-years.Hansen natural (HANS) rose 6.3% to $26.45 despite Goldman Sachs taking it off of their pristine Conviction Buy List.Pacific Sunwear (PSUN) rose 7.5% to $18.56 after beating earnings expectations.Dolby Laboratories (DLB) rose 34% to $26.50 after beating earnings and raising guidance.Capella Education (CPLA) rose to 25% to $25.11 after pricing its IPO at $20.00.California Pizza Kitchen (CPKI) fell 1.3% to $31.15 after it warned that earnings would fail to meet expectations.Answers Corp (ANSW) fell 12.5% to $12.70 on weak Q3 earnings and on weak Q4 guidance.Scottish Re (SCT) fell 20% to $6.40 after wider losses have pushed the auction process for the company out several weeks.JBHunt (JBHT) rose 3.6% to $22.34 on hopes that the company may be a takeover target since Swift is in play.Gap Stores (GPS) rose 0.7% to $20.16 despite Merrill Lynch downgrading the stock to Neutral.Despite NVIDIA (NVDA) beating earnings and raising guidance, the shares fell 2.4% to $34.44 on profit taking and on a valuation downgrade.ON Assignment (ASGN) rose 9% to $11.08 after its pending secondary offering priced at $10.00, $0.15 under yesterday’s close.PeopleSupport (PSPT) rose 1.9% to $20.70 after its secondary offering priced at $20.00.Metabolix (MBLX) rose to close at $15.52 after its higher shares of 6.8 million shares priced at $14.00, the top of the $12 to $14 range.Solectron (SLR) rose 6% to $3.47 after it reaffirmed Q4 revenue and earnings guidance.ACA Capital Holdings (ACA) fell to $12.80 after its 6.8+ million share IPO priced at $13.00, under its original target.NGAS Resources (NGAS) fell 5.5% to $7.77 after its earnings fell slightly short of expectations.Have a great weekend!Jon C. OggNovember 10, 2006

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