Mid-day Flow Summary
Mid-day Flow Summary, 9 April 2007 12:00 ET
It is a generally quiet morning since the European markets are closed for the holiday.
Dendreon (DNDN) continues to exhibit high volume this morning. 166,000 contracts have traded so far, with over 20,000 each of the April 20 and 25 Calls. The stock is hard to borrow and has rallied more than $5 to $23.40 today. This probable short-squeeze has gained momentum as recent sellers of the 15, 17.5, and 20 strike calls are covering their positions at a loss. 21,000 April 20 Calls have traded this morning with most of the activity on the buying side. At the same time, a few brave sellers continue to sell out-of-the-money April 25 strike calls and 15 and 20 strike puts.
Who Can Predict Trends With Nearly 80% Accuracy?
VantagePoint’sleading indicators point to emerging trends in over 200 equity, futuresand Forex markets, with nearly 80% accuracy. Trade the trendsintelligently. Check out complimentary forecasts on any market. There’szero obligation, and you get key tips on Trend Forecasting with Technical Analysis.
CLICK HERE FOR YOUR COMPLIMENTARY FORECASTS
Dollar General (DG)
View Henry Schwartz's post archive >