Some gainers need profit taking soon: CVV is nearly up 30% a strong showing today. I remember the vicious run from last year where CVV hit nearly 8.
Turns out that AMEX stocks are good gainers if they gain at all. I did some surgery in the portfolio today, removing some stocks which refuse to show any buyers in an otherwise bullish market. At least, the price of the put options has been earned so far. For example, NEXM is a nasty loser here. I booted it today.
NEXM delisting news: biz.yahoo.com
Nasdaq will provide written notice that the Company's common stock will be delisted from the Nasdaq National Market at the opening of business on January 31, 2006 unless the Company's market value of listed securities is $50 million or more for a minimum of 10 consecutive business days during the 30 day period ended January 30, 2006 or if the Company's total stockholder equity is above $10 million before January 30, 2006 in accordance with Marketplace Rule 4450 (a)(3). Should the Company receive such notice, it plans to file a request for a hearing with the Nasdaq's Listing Qualifications Panel to appeal the Nasdaq determination. The Company has been informed that the appeal process may take up to 4 weeks during which the Company's stock will remain listed on the Nasdaq National Market.
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As of December 29, 2005 the market value of listed securities based on current shares outstanding of 54,530,382 was $41,443,090. In order to comply with the $50 million market value criteria, the Company's share price would have to be $0.92 or greater for 10 consecutive days before January 30, 2006. |
