Flow Trader

Stock Market Alert - CMOS took one of the biggest hits of any stock on Friday, receiving a 25% haircut and closing the day at $3.45 after the company released their Q1 earnings and issued a Q2 outlook that came in below Wall Street expectations. Volume was heavier than normal on the day, with over 12.9 million shares of the stock changing hands, compared to a normal daily average volume of just over 3.2 million shares traded. CMOS said that for Q2, it expects to post a loss of 5-6 cents per share on revenues of $115 - $118 million dollars, compared to analyst estimates of a profit of 4 cents per share on revenues of $119.5 million dollars.

Stock Market Alert - Combine extremely weak markets in Asia with a plummeting market in the US and you have a recipe for disaster for ASIA, which saw its stock drop over 15% on the session to close the day at $6.90. Volume was heavy as the bottom dropped out of the stock, with over 1.4 million shares of the stock changing hands, compared to a normal daily average volume of 587k shares traded. Look to the Asian markets tonight for guidance as to how ASIA will trade tomorrow. If the Asian markets continue to freefall, then ASIA should continue to be weak on Wednesday.

Stock Market Alert - Just to add to the ugliness of an already ugly day on Wall Street, THLD announced that a phase III clinical trial of Glufosframide for treatment of pancreatic cancer did not meets its endpoint. Volume was extremely heavy on the news, with over 7.1 million shares of the stock changing hands, compared to a normal daily average volume of just over 480k shares traded. The stock plummeted, dropping over 57% to close the regular session at $1.52. The stock currently has a 52 week low of $1.42.

Stock Market Alert - Given the bloody massacre that was the general stock market on Tuesday, RSH’s extremely strong day was even more impressive. RSH traded up over 11% on the day to close the session at $25.13, after teh company reported their Q4 earnings. Volume was heavy on the day, with over 13 million shares changing hands, compared to a normal daily average volume of just over 2.8 million shares traded. RSH also set a new 52 week high of $26.24 on the day, eclipsing its old high of $23.77.

Stock Market Alert - Given the circumstances, BRCD had an exceptionally strong day on Tuesday, trading up over 5% to close at $9.13 after the company reported their quarterly earnings report. The green day was exceptional, given that the markets in general were so weak on Tuesday, with the Dow losing over 400 points on the session. Volume on BRCD was heavy on the day, with over 36 million shares of the stock changing hands, compared to a normal daily average of just over 9.6 million shares traded. Very good news for BRCD, and I would expect the stock to continue rising, especially when the market levels out.

Stock Market Alert - QCOM suffered the same fate as most stocks did on Tuesday, trading down over 5% to close the regular session at $40.25, after the markets in general took an absolute beating. Volume was double the average for QCOM, with over 38 million shares of the stock changing hands, compared to a normal daily average volume of just over 19 million shares traded. QCOM’s fate on Wednesday largely depends on how China’s stock markets react; if there is more freefall in China, expect continued weak American markets on Wednsday.

Stock Market Alert - AAPL shared the same fate as many other stocks did on Tuesday, trading down over 5% to close the regular session at $83.93 after the markets in general took a beating, due to a weak market in China and comments by Greenspan. Volume was a bit heavier than normal, with over 40 million shares of the stock changing hands, compared to a normal daily average volume of just over 35 million shares traded. AAPL’s fate on Wednesday is largely dependent on the Chinese stock markets; if they continue to freefall, then expect more bloodshed on Wednesday for AAPL.

Stock Market Alert - LVLT suffered the same fate as many stocks did on Tuesday, trading down over 6% to close the regular session at $6.33 on Tuesday. Trading in the stock was heavy, with over 57 million shares of the stock changing hands, compared to a normal daily average volume of just over 38 million shares traded. It will be interesting to see how the stock reacts on Wednesday morning; a lot will depend on how the Chinese stock market does. If that market continues to freefall, then you can expect renewed bloodshed in the American markets on Wednesday.

Stock Market Alert - LMRA continued to spiral lower, dropping an additional 10% on Monday to add to its recent decline. Volume was fairly light on the day though, which is a good sign for shareholders in the company, as only 1.2 million shares of the stock changed hands, compared to a normal daily average of 1.27 million shares traded. More worrying would be if LMRA had dropped 10% on a large spike in volume. We will continue to monitor LMRA as it moves closer to its earnings report in early March. LMRA closed on Monday with a market cap of just under $80 million dollars.

Stock Market Alert - RIMM continues to be one of the hottest large-cap stocks around, tacking on another 4.8% on Monday to close the regular session at $146.77. The stock broke its previous 52 week high of $145.23, setting a new mark of $147.05 before pulling back slightly and closing at $145.23. Volume was extremely heavy on the session, with over 12.3 million shares of the stock changing hands, compared to a normal daily average volume of just under 9 million shares traded. As of the close of trading on Monday, RIMM had a market cap of just over $27 billion dollars.