Trash is running again
10:54 ET Another $1-stock rally
Speculators continue to search the bottom of the market for opportunities. The percentage gainers list this morning is dominated by stocks in the $1 to $3 category. Among the standouts are Elan (ELN 2.14 +0.39, +22%), Acclaim (AKLM 1.24 +0.18, 17%), Vitesse Semi (VTSS 2.00 +0.24, +13.6%), Atmel (ATML 1.89 +0.22, +13%), Charter Comm (CHTR 1.26 +0.13, +11.6%), Calpine (CPN 2.20 +0.20, +10), Solectron (SLR 2.47 +0.22, +9.8%), JDS Uniphase (JDSU 2.42 +0.16, 7.5%), Corning (GLW 2.00 +0.13, +7%). Each of these stocks has traded at least 1.5 mln shares so far this morning; VTSS has traded 13 mln, or 1.5x avg daily volume (stock rose 31% yesterday on 31.7 mln shares). |
