Top Day Trader Alerts (CRDC, DRYS, JAZZ, NFLX, BQI, PTEC, POT)

Day traders and active traders have many movers this Wednesday morning to choose from.  The top alerts were seen in Cardica, Inc. (NASDAQ: CRDC), DryShips Inc. (NASDAQ: DRYS), Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ), Netflix, Inc. (NASDAQ: NFLX), Oilsands Quest, Inc. (AMEX: BQI), Phoenix Technologies Lt. (NASDAQ: PTEC), and Potash Corp. of Saskatchewan, Inc. (NYSE: POT).  We have compiled a brief news bite and the reaction on each.

Cardica, Inc. (NASDAQ: CRDC) is up nearly 45% at $2.41 on over 60,000 shares after signing a pact with Intuitive Surgical.

DryShips Inc. (NASDAQ: DRYS) has been creeping higher in the mornings and we have shares up another 2% at $4.70 on over 35,000 shares.  The 52-week trading range is $3.28 to $7.99 and average volume is close to 10 million shares.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) is up 14% at $11.70 on almost 100,000 shares after an application of its fibromyalgia candidate.

Netflix, Inc. (NASDAQ: NFLX) lost some steam yesterday and shares are getting hit on a downgrade on valuation from Morgan Keegan.  Shares closed at $132.97 yesterday and is down 2% at $130.25 on almost 50,000 shares.

Oilsands Quest, Inc. (AMEX: BQI) is surging after the company said it was reviewing strategic alternatives.  Shares are up 18.6% at $0.61 on over 30,000 shares and the 52-week range is $0.49 to $1.69.  Too bad it’s a penny stock.

Phoenix Technologies Lt. (NASDAQ: PTEC) is surging pre-market after announcing that it will be acquired by Marlin Equity Partners for $3.85 per share.  Some may want more as the 52-week range is $2.02 to $4.19.  Shares are up almost 26% at $3.80 on over 375,000 shares.

Potash Corp. of Saskatchewan, Inc. (NYSE: POT) is continuing yesterday’s surge with gains of 2.4% more to $146.65 on over 600,000 shares as the offer is now going hostile and after several analysts raised their price targets.

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JON C. OGG