Posts for Ticker ‘FNSR’

Last Week’s Russell Boots Are Today’s Winners (FNSR, SANM, SIRI, VG, BBI, MNI, FRE, FNM)

money-stack-imageMany knew that the huge Russell rebalance stocks was creating huge selling in the names toward the end of last week.  Yet on no news today we are seeing solid gains in many of those same stocks.  Traders are using the end of week major selling as a discount buying opportunity today.  This can be seen explicitly in many of the key low-priced technology stocks and in media names.
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Posted on: June 29, 2009 – 12:54 pm in Index, Trading Alert, , , , , , , ,

Many Cult Stock Changes In Russell 3000 Rebalance (CPST, BCON, FNSR, RICK, SIRI, TSCM, URRE, VG)

burning-money-picThe Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick’s Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting removed from the Russell 3000 that have become cult stocks with a large investor base.  We have given some color on these changes.
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Posted on: June 19, 2009 – 12:01 pm in Cramer, Cult Stock, Index, Trading Alert, , , , , , , ,

NASDAQ Offers Life To Hundreds of Stocks (NDAQ, CHTR, FNSR, LVLT, OPWV, PEIX, PWAV, PWAV, RFMD, SANM, SIRI, SPSN)

Money_stack_pic_4Nasdaq_logoThe NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ.  The exchange filed with the SEC to extend its suspension of the rules requiring a minimum $1.00 bid price and its minimum market value of publicly held shares.  This was initially set to expire in January, but the terms will now be extended until Monday, April 20, 2009.  With as many stocks that have violated that $1.00 mark in recent weeks and months, this is hardly a surprise and it would even go against the exchange’s own interests to boot this many stocks off the exchange.

We ran a screen for NASDAQ stocks with active trading volume, share prices under $1.00, and those which have traded over $1.00 in the last 52-weeks.  Some of the most usual suspects here are as follows:

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Posted on: December 19, 2008 – 10:26 am in Cult Stock, Exchange News, Small Cap Stocks, Trading Alert, , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AKAM, AEO, ARBA, BBI, CPWR, DVAX, FNSR, NCC, TOO, TXN)

These aren’t the only analyst calls this Monday morning, but these are the ones we are focusing on early this morning:

  • Akamai Tech (NASDAQ: AKAM) Cut to Hold from Buy at Citigroup.
  • American Eagle (NYSE: AEO) cut to Underperform at Friedman Billings.
  • Ariba (NASDAQ: ARBA) raised to Outperform at RBC Capital.
  • Blockbuster (NYSE: BBI) Added To Citigroup’s Top Picks list.
  • Compuware (NASDAQ: CPWR) Raised to Buy from Hold at Banc Of America.
  • Dynavax Technologies (NASDAQ: DVAX) cut to Peer Perform at Bear Stearns.
  • Finisar (NASDAQ: FNSR) Raised to Overweight at Thomas Weisel.
  • National City (NYSE: NCC) Raised to Buy from Hold at Citigroup.
  • Teekay Offshore (NYSE: TOO) raised to Outperform at Wachovia.
  • Texas Instruments (NYSE: TXN) Raised to Buy from Hold at Citigroup.

Jon C. Ogg
May 19, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" newsletter and he does not own securities in the companies he covers.

Posted on: May 19, 2008 – 6:31 am in Analyst Calls, , , , , , , , , ,

Shorts Stage Big Retreat From Tech Shares (AAPL)(SIRI)(MSFT)(YHOO)(INTC)(CSCO)

According to Nasdaq data for the period ending April 15, short sellers moved aggressively out of tech shares. The figure compare with those posted on March 31.

The short interest in Microsoft (MSFT) fell 9.3 million to 109.1 million, perhaps on hopes that it will lower or drops its bid for Yahoo! (YHOO). Shares short in Intel (INTC) dropped 7.3 million to 55.9 million. The chip company’s results showed that PC sales were not slowing as much as has been expected. Shares short in Cisco (CSCO) dropped 6.8 million to 62.9 million. Shares short in RF Micro (RFMD) dropped 4.9 million to 28.7 million and shares short in Finisair (FNSR) fell 6.8 million to 15.8 million.

Shares sold short in Level 3 (LVLT) moved down 6.7 million to 237.2 million. When the company posted earnings a short squeeze appears to have helped shares rally.

Shares short in Apple (AAPL) fell 3.6 million to 18.4 million ahead of its strong earnings.

In the internet sector, shares short in Yahoo!  (YHOO) dropped 5.1 million to 36.1 million, perhaps on hopes that Microsoft will raise its offer. Shares short in Ebay (EBAY) fell 4.9 million to 26.2 million.

Short sellers bet right on Starbucks (SBUX) moved up 4.9 million to 39.8 million on a bet which paid off when the company pre-announced poor numbers.

Some investors clearly think there is no turnaournd at Dell (DELL) coming.Short interest in the company jumped 7.2 million to 49 million. Short sellers also see another set of bad numbers coming out of Sun Microsystems (JAVA). Shares sold short in the company moved up 6.9 million to 33 million.

And, a number of investors showed that they do not think a merger will do much for Sirius (SIRI). Shares sold short in the company moved up 20.2 million to 157.9 million

Data from Nasdaq

Douglas A. McIntyre.

Posted on: April 25, 2008 – 3:31 am in Short Interest, , , , , , , , , , , , ,

The 52-Week Low Club (FNSR)(TRSA)(C)(S)

Fremont General (FMT) Fear of Chapter 11 grows. Falls to $.39 from 52-week high of $13.80.

Verasun Energy (VSE) High commodity prices kill ethanol stocks. Down to $7.76 from 52-week high of $21.47.

Hertz Global Holdings (HTZ) Low travel, high fuel costs. Sells down to $10.59 from 52=week high of $27.20.

McClatchy (MNI) Picture for newspapers gets worse by the month. Drops to $9 from 52-week high of $36.97.

Citigroup (C) Concern that bank will need more money. Drops to $21.23 from 52-week high of $55.55.

Sprint (S) Market still worried that competition is taking subscribers. Sells off to to $6.70 from 52-week high of $23.42.

Cell Therapeutics (CTIC) Company issues senior notes and pushes debt sky-high. Sells down to $.67 from 52-week high of $7.56.

Tessera Technologies (TRSA) Patent lawsuit stayed by ITC. Shares down to $11.11 from 52-week high of $46.43.

Finisar (FNSR) Misses quarterly numbers. Drops to $1.15 from 52-week high of $4.21.

Douglas A. McIntyre

Posted on: March 4, 2008 – 4:32 pm in HI/LOW, , , , , , , ,

Top 10 Pre-Market Analyst Calls (MT, DISCA, FNSR, GILD, GMXR, JDSU, LLTC, NU, UEIC, WMB)

These are some of the research calls we are looking at this morning that are impacting shares in early pre-market trading:

  • Arcelor Mittal (NYSE: MT) raised to Buy at Deutsche Bank.
  • Discovery Holding (NASDAQ: DISCA) raised to Neutral at Credit Suisse.
  • Finisar (NASDAQ: FNSR) started as Outperform at Morgan Keegan.
  • Gilead Sciences (NASDAQ: GILD) downgraded to Market Perform from outperform at Bernstein Research.
  • GMX Resources (NASDAQ: GMXR) started as Buy at Jefferies.
  • JDS Uniphase (NASDAQ: JDSU) started as Market Perform at Morgan Keegan.
  • Linear Tech (NASDAQ: LLTC) raised to Buy from hold at UBS.
  • Northeast Utilities (NYSE: NU) raised to Buy from hold at UBS.
  • Universal Electronics (NASDAQ: UEIC) downgraded to Hold from Buy at Deutsche Bank.
  • Williams Companies (NYSE: WMB) raised to Outperform at RBC Capital Markets.

Jon C. Ogg
February 22, 2008

Posted on: February 22, 2008 – 7:18 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (FNSR)(CNXT)

CDC Corp (CHINA) Ugly earnings. Falls to $4.15 from 52-week high of $11.45.

Finisar ((FNSR) No recent news. Fiber optic equipment maker falls to $1.38 from 52-week high of $4.21.

Conexant (CNXT) Second day of sell-off. Down to $.92 from 52-week high of $2.20

Retail Ventures (RVI) Bad quarter. Sells off to $4.15 from 52-week high of $23.30.

Quiksilver (ZQK) Apparel company drops outlook. Drops to $8.87 from 52-week high of $16.08.

Black & Decker (BDK) Housing hurts financial results. Down to $71.95 from 52-week high of $97.01.

Marriott (MAR) Travel stocks continue to sell off. Down to $31.34 from 52-week high of $52.

Starwood Hotels (HOT) Ditto. Weekly hotel room revenue numbers weak. Drops to $46.22 from 52-week high of $75.45.

Douglas A. McIntyre

Posted on: December 14, 2007 – 4:54 pm in HI/LOW, , , , , , , ,

The 52-Week Low Club

Krispy Kreme (KKD) Down to $3.91 from 52-week high of $13.93. More bad earnings news.

Office Depot (ODP) Projects earnings decline. Drops to $19.68 from 52-week high of $44.69.

Circuit City Stores (CC) Electronics retail not getting better. Falls to $9.75 from 52-week high of $29.31.

Legg Mason (LM) Mutual fund business must not be so good. Down to $80.86 from 52-week high of $110.17.

Finisar (FNSR) Network equipment maker still falling after reporting bad numbers. Down to $2.70 from 52-week high of $4.25.

Coldwater Creek (CWTR) Women’s apparel posts bad numbers, keeps falling. Down to $11.39 from 52-weekhigh of $31.25.

Douglas A. McIntyre

Posted on: September 7, 2007 – 4:45 pm in HI/LOW, , , , , ,

The 52-Week Low Club

The Ryland Group (RYL) In home building and mortgage businesses. Enough said. Down to $26.61 from 52-week high of $60.13.

Dillard Department Stores (DDS) Same store sales down last month. Drops to $21.06 from 52-week high of $40.56.

Nortel Networks (NT) Enterprise network supply business does not seem very good. Ask Alcatel-Lucent (ALU). NT down to $17.02 from 52-week high of $31.79.

Sourceforge (LNUX) Still falling after bad financials. Down to $2.28 from 52-week high of $5.55.

Finisar (FNSR) Poor quarterly numbers kill em. Drops to $2.81 from 52-week high of $4.25.

Douglas A. McIntyre

Posted on: September 6, 2007 – 3:08 pm in HI/LOW, , , , ,

The 52-Week Low Club

Wal-Mart (WMT) How did the world’s largest retailer get on this list? By being badly run. Down to $42.39 from 52-week high of $52.15.

Blackstone Group (BX) Which is worse, retail or the private equity business? At least the founders of both BX and WMT made billions. Where are the shareholder’s yachts? Drops to $21.96 from $38 high.

Finisar (FNSR) Tech companies are not supposed to have weak earnings reports. Drops to $2.93 from $4.25.

Sourceforge (LNUX) Online community sites. Just keeps falling. Down to $2.42 from 52-week high of $5.55.

Sourcefire (FIRE) Just sounds the same.Provides real-time network defence systems. Down to $7.96 from 52-week high of $18.83.

Douglas A. McIntyre

Posted on: September 5, 2007 – 3:11 pm in HI/LOW, , , , ,

Shorting the NASDAQ Hi-Flyers (June 2007) (ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS)

Stock Tickers:    ATML, CNXT, CHTR, CMGI, FNSR, LVLT, PMCS, SIRI, SUNW, COMS

It is always interesting to see how short interest changes month to month in the lower priced more active stocks on NASDAQ that get attention from the fast money and retail investor with a degree of fervor.  Here is a list of the changes from May to June, and you can tell that the changes here show more short sellers increasing their activity over the last month.

Company (Ticker)                     JUNE      MAY      CHANGE
Atmel (ATML)                            10.67M   9.70M     +9.9%
Conexant (CNXT)                     45.8M    40.5M      +12.8%
Charter Comm. (CHTR)         90.8M    91.1M      (-0.25%)
CMGI (CMGI)                             33.5M    27.3M      +22.5%    
Finisar (FNSR)                         29.4M    25.2M      +16.6%
Level 3 (LVLT)                          119.9M   109.3M   +9.7%
PMC-Sierra (PMCS)                 28.1M    25.8M      +8.8%
SIRIS (SIRI)                               101M      91.2M     +10.7%
Sun Micro (SUNW)                   28.9M    30.2M       (-4.2%)   
3COM (COMS)                          25.8M     21.5M      +19.6%   

The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May.  Stay tuned Wednesday as we’ll have more of the sectors broken down for chips, Internet, biotech and more.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 27, 2007 – 8:10 am in Short Interest, , , , , , , , , ,