Bluefly Inc. (NASDAQ: BFLY) tanked after earnings and volume is explosive at more than 7-times normal trading.  Oddly, that ‘explosive volume’ is only 24,408 shares…. This one is down almost 16% at $1.65… A Soros stock!

Briggs & Stratton Corporation (NYSE: BGG) is down over 13% at $12.99 on more than 4.5 million shares after the company’s earnings turned into losses.  So much for air cooled gasoline engines for outdoor power equipment worldwide.

The Central Fund of Canada Limited (AMEX: CEF) is a closed-end commodity fund that invests in commodities.  You rarely see this sort of move, but the fund is down 4.6% at $23.36.  The fund’s site says that it is “The Sound Monetary Fund” and its purpose is “to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of Central Fund.”  When stocks rally as gold and silver tank, adios Mr. Morose.

Cogo Group, Inc. (NASDAQ: COGO) is down like it sells the next dangerous Pogo-stick.  This is after filing its quarterly report yesterday with the SEC after last week’s earnings.  Shares are down 10% at $2.49 on double the normal volume already as 1.13 million shares have traded hands.

Learning Tree International Inc. (NASDAQ: LTRE) is apparently called the Idiot Tree because higher costs hurt earnings.  This one is down almost 15% at $8.06, but the volume is puny at not even 13,000 shares in mind-day trading.

LodgeNet Interactive Corporation (NASDAQ: LNET) gave back its gains from yesterday that were on the heels of its extension with Starwood.  Shares are down 10.5% at $1.995 on almost 200,000 shares.

Niska Gas Storage Partners LLC (NYSE: NKA) was absolutely pounded after earnings.  The natural gas storage assets partnership is down 18.5% at $11.96 and shares hit a 52-week low of $10.95 today.

Open Text Corp. (NASDAQ: OTEX) is facing a closed-book apparently.  The enterprise content management solutions provider missed earnings expectations after the close yesterday and the stock is down 9.3% at $52.14 on 13-times normal volume as the 52-week range is $36.11 to $72.32.

OXiGENE, Inc. (NASDAQ: OXGN) is taking it on the chin with a 10.6% drop to $1.43 on more than 400,000 shares.     Last night it reported a net loss for the quarter of $2.9 million versus net income of $2.5 million for the same three-month period of 2010.

Seven Arts Pictures PLC    (NASDAQ: SAPX) is one of the worst performers and it has been a very volatile low-priced stock that has been popular with day traders and chat rooms.  Shares are down about 16% at $0.85 on about 1 million shares.

Silver Wheaton Corp. (NYSE: SLW) is down marginally as silver and gold have been whacked hard.  This one is leveraged per traders with silver and shares are down 0.3% at $36.69 versus a 52-week range of $19.06 to $47.60.  By the way, the AMEX-listed ‘losers’ list is littered with speculative miners but this one is not as speculative as others.

SodaStream International Ltd. (NASDAQ: SODA) has been pounded after earnings and shares are down a whopping 33% at $45.50… So much for the great growth opportunity!  Is this the next Sharper Image debacle?

JON C. OGG

The companies are launching Intimate Connections(R) instant voice messaging platform, which is said to be the first step in the development of Private and Pilgrim’s strategic US and Canadian alliance.  Fans will have the opportunity to connect with each other and to hear from Private girls and their friends via both wireless and land line telephones.

As far as who the customers of Pilgrim are, it lists LodgeNet Interactive Corporation (NASDAQ: LNET), On Command, New Frontier Media (NASDAQ: NOOF), Playboy (NYSE: PLA), Club Jenna, Digital Playground and Rogers in Canada.  Private Media doesn’t look like it is a small fry either as it says it’s a leader in adult entertainment distributing premium content globally via a wide range of platforms including more than 900 million mobile telephone handsets, IPTV/VOD, broadband Internet, television, DVD’s, and magazines.

Interestingly enough, this says that callers spend on average some $50per call, and the companies expect this to generate substantialincremental revenue for Private going forward.  It sure sounds like this is a new play on the old 900-numbers fused with a new social networking slant.  Let’s just hope that the clients aren’t using this while they are driving.

Jon C. Ogg
April 15, 2008

AAR Corp. (NYSE: AIR) hit a new low today on no direct news from a 52-week range of $22.06 to $39.42.  Shares were down over 7% late in the day at $20.91.  Hmm.. products, services, and maintenance to the airlines.  Go figure.

Aventine Renewable Energy Holdings, Inc (NYSE: AVR) down to a new low despite an upgrade by Broadpoint Capital. Ethanol stocks have dipped this month after a report that corn-supplies will be tight this year. Hit a new low of $4.22 late in the day from a 52-week range of $4.39 to $20.85.

Cheniere Energy Inc. (AMEX: LNG) down today on a downgrade by Lehman Brothers yesterday, despite announcements that its LNG terminal in Louisiana will begin to receive shipments on August 12. Shares down over $2.00 to new low of $16.17 off a 52-week range of $18.40 to $43.50.  This huge drop almost seems counterintuitive with sub-projects coming online and with energy prices in the stratosphere, but that downgrade from Lehman yesterday is ruling the roost.

Clorox Co. (NYSE: CLX) down to lowest points since 2004. Thursday, a Bernstein analyst estimated that third-quarter earnings could be lower than previously expected. Shares hit as low as $55.16 earlier today on a 52-week range of $55.37 to $69.36.  Maybe the public realized how bad bleach is for the water supply.

Cintas Corp. (NASDAQ: CTAS) dropped to a new low after a downgrade by Lehman Brothers. Shares hit a new low of $27.35 before recovering late in the day on a 52-week range of $27.41 to $41.04.  Uniform sales… what gets cut as employees get fired and as businesses trim expenses? Oh yeah, uniforms.

Dell Inc. (NASDAQ: DELL) fell along with the market today with the other computer companies. They just happened to hit a new low. They dropped to $18.44 on a 52-week range of $18.53 to $ 30.77.  The good news is that late in the day shares were back above the prior low.  The bad news is that nothing is going its direction.

Ixia (NASDAQ: XXIA) taking a hit from downgrades by JMP Securities and Ferris Baker Watts. They also cut their own guidance for first quarter estimates. It hit a new low of $6.30 off a 52-week range of $6.51 to $10.70.

LodgeNet Interactive Corporation (NASDAQ: LNET) down to a new low of $5.70 today. Apparently good hospitality isn’t enough keep the shareholders comfortable. The 52-week range is $5.90 to $38.11.  As people cut back, maybe those in-hotel movies are easier to cut spending on.

Monster Worldwide, Inc. (NASDAQ: MNST) hit a new low today with a 52-week range of $23.00 to $50.28. It shouldn’t be out of a job anytime soon but if it is, it will know where to look.  Shares down almost 4% at $22.20 late in the day.

Pinnacle Airlines Corp. (NASDAQ: PNCL) taking a hit in the wake of Frontier Airlines bankruptcy scare. Hit a new low of $8.22 on a 52-week range of $8.43 to $20.34.  Stock edged back above that $8.50 level in last 20 minutes today.

Smurfit-Stone Container Corp. (NASDAQ: SSCC) dipped to a new low off a 52-week range of $6.65 to $14.08.  Shares were at $6.35 in the last 20 minutes today, down almost 8%.  paperboard and packaging… what gets cut when stuff stops selling stores?  Oh yeah, the packaging.

Jon C. Ogg
April 11, 2008

Jon C. Ogg
June 19, 2007

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