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TXCC up 17% Tuesday, September 29 2009 8:00 AM, EST TranSwitch Corporation Positioned for Growth in Asia Following Multiple Atlanta 100 Production and Design Wins Business Wire "US Press Releases "
Versatile, VoIP and Broadband Enabled Service Gateway Processors Gain Momentum with Follow-on Wins in Korea; New Designs in China and India
SHELTON, Conn. --(BUSINESS WIRE)-- TranSwitch(R) Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions for the converging voice, data and video network, today announced the selection of its Atlanta 100 family of communications processors for use in service gateway and other customer premises equipment (CPE) being deployed throughout Asia , where national and emerging carriers are actively competing for customers with offerings of bundled services. The awards have results in new production of the processors as well as opportunities for additional quantities upon the commencement of marketing initiatives by leading national carriers. CPE powered by Atlanta processors enable broadband services including voice-over-Internet Protocol (VoIP) phone service, one of the fastest growing forms of communication, so that customers can benefit from the convenience and traditionally lower cost of bundled Internet access, data services and phone service.
In South Korea , SK Telesys is using the Atlanta 100 product family in its CPE for SK Broadband's roll-out of its Broad&Fone VoIP service to residential, small office and home office (SoHo), and small to medium-sized business (SMB) customers throughout the country. TranSwitch previously announced that its Atlanta processors had been selected by SK Telesys for use in its residential CPE product, the IF-100 Digital Enhanced Cordless Telecommunications (DECT) phone with cordless handset support. SK Telesys has now awarded to TranSwitch a design-win for the IF-200 DECT phone that is targeted at SoHo and SMB applications which require one cordless handset and FAX support. The Atlanta 100 processor family has also been designed into the Alpha project DECT phone for SK Telesys, which supports three cordless handsets as well as FAX support. The IF-100, IF-200 and Alpha project VoIP-DECT phones are manufactured for SK-Telesys by INBRICS (formerly Navons). SK Broadband (formerly Hanaro Telecom) is the fastest growing broadband service provider in South Korea , serving approximately four million broadband subscribers.
"Simply put, the Atlanta product family provides the best cost to performance ratio of any product in its class. This, along with TranSwitch's exceptional level of support, is the primary reason why we have chosen to continue to use TranSwitch's Atlanta 100 product family for all of our CPE products" said Y.S Huh, Sr. Marketing Team Manager of SK Telesys.
TranSwitch also announced today that its Atlanta 100 product family has gained momentum in other fast growing Asian markets. In China , a broad range of CPE products such as Media Terminal Adapters (MTA) and 3G Wireless Home Gateways have been designed by equipment suppliers for deployment in the wire-line and wireless networks of major domestic carriers. Similar developments are underway in India . One of the fastest growing broadband network operators in India is planning to roll out voice and data services using a range of CPE equipment based on TranSwitch's Atlanta 100 processor family. These new and follow-on design wins demonstrate the versatility, performance, and quality of the Atlanta 100 product family as well as the professional and focused support that TranSwitch provides to its customers.
"We are gaining significant traction in select high growth markets in Asia , where competition to provide bundled services has led to TranSwitch receiving several production awards and design wins. Our Atlanta product family is uniquely designed to address carriers' need to add revenues and customers, while keeping service provisioning and maintenance costs to a minimum," said Kris Shankar, VP of Sales and Marketing for TranSwitch . Mr. Shankar continued, "With the Atlanta 100 product family's unique integrated Digital Signal Processor (DSP) architecture, the processing of data at high rates doesn't impact voice quality. Likewise, the support of multiple voice channels doesn't impact data throughput capacity. As a result, the Atlanta 100 product family can simultaneously support 100 Mbps wire-speed routing with Network Address Translation (NAT) and one to eight low bit rate voice channels with no degradation in performance."
About TranSwitch Corporation
TranSwitch Corporation (Nasdaq: TXCC) designs, develops and markets innovative semiconductors and technologies that provide core functionality and complete solutions for voice, data and video communications network equipment. As a leading supplier to telecom, datacom, cable television and wireless markets, TranSwitch customers include the major OEMs that serve the worldwide public network, the Internet, and corporate Wide Area Networks (WANs). TranSwitch devices are inherently flexible, many incorporating embedded programmable microcontrollers to rapidly meet customers' new requirements or evolving network standards by modifying a function via software instruction. TranSwitch implements global communications standards in its VLSI solutions and is committed to providing high-quality products and services. TranSwitch , Shelton, CT , is an ISO 9001 registered company. For more information, visit www.transwitch.com.
About SK Group
SK Broadband (formerly Hanaro Telecom) is Korea's second largest fixed-line telephone and Internet carrier behind leader KT Corporation . The company provides traditional phone service and broadband connections to residential and business customers throughout the country. SK Broadband also offers leased line and network security services for businesses. Other operations include Internet television and video-on-demand programming offered by subsidiary Broadband Media. Another subsidiary, Broadband TS, provides telemarketing services for businesses. SK Broadband is a subsidiary of SK Telecom. SK Broadband and SK Telesys are members of the SK Group , Korea's third largest conglomerate and one of the leading business organizations in Asia . SK Group is made up of 40 member companies including seven that are listed on the Korea Stock Exchange .
Forward-looking statements in this release, including statements regarding management's expectations for future financial results and the markets for TranSwitch's products, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements regarding TranSwitch , its operations and its financial results involve risks and uncertainties, including without limitation risks associated with acquiring new businesses; of downturns in economic conditions generally and in the telecommunications and data communications markets and the semiconductor industry specifically; risks in product development and market acceptance of and demand for TranSwitch's products and products developed by TranSwitch's customers; risks relating to TranSwitch's indebtedness; risks of failing to attract and retain key managerial and technical personnel; risks associated with foreign sales and high customer concentration; risks associated with competition and competitive pricing pressures; risks associated with investing in new businesses; risks of dependence on third-party VLSI fabrication facilities; risks related to intellectual property rights and litigation; risks in technology development and commercialization; and other risks detailed in TranSwitch's filings with the Securities and Exchange Commission .
TranSwitch is a registered trademark of TranSwitch Corporation .
Source: TranSwitch(R) Corporation
DSCO
Monday, September 28 2009 6:13 AM, EST TheFortuneFinancial.com Free Market Research on ADCT, DSCO, GENZ, MESA, SAPE and PPHM Market Wire "US Press Releases "
NEW DELHI, INDIA -- (MARKET WIRE) -- 09/28/09 -- TheFortuneFinancial.com provides the highest level of independent research and investment strategies with the sole purpose of consistently identifying stocks that provide the biggest return on investment for our subscribers. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to register at http://www.thefortunefinancial.com/ for a free subscription to access these reports.
Today, we have asked some of the top analysts worldwide to give us their updated feedback regarding the current market activity and position on ADC Telecommunications Inc. (NASDAQ: ADCT), Discovery Laboratories Inc. (NASDAQ: DSCO), Genzyme Corp. (NASDAQ: GENZ), Mesa Air Group Inc. (NASDAQ: MESA), Sapient Corp. (NASDAQ: SAPE) and Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM).
To have free access to these analyst opinions, sign up now to www.thefortunefinancial.com by clicking the link below. We have other reports that could be of interest to you and they are free of charge with no strings attached.
http://www.thefortunefinancial.com/
All analyst reviews will be posted for free under "today's articles" within 24 hours they are advertized online.
Each interview will vary and may include, but will not be limited to the following:
- An Unbiased View of the Company - Short-term Target Prices - Long-term Resistance and Support Levels - Analyst Opinions - Sector Review - Competition Overview
Investors looking to access these analytical opinions and reports are encouraged to sign up now at http://www.thefortunefinancial.com/
Being a member with www.thefortunefinancial.com gives the unique opportunity to receive a free "custom stock review" on any large cap equity you currently hold in your portfolio. Simply sign up for your free membership today, and in the members section of www.thefortunefinancial.com, you can submit your stock review to an analyst for his or her opinion of any stocks you currently following by filling out the form under the tab "request a stock review."
TheFortuneFinancial.com is not affiliated or compensated by any of the above mentioned companies, nor do we own a position in any of the companies.
NASDAQ:GENZ NASDAQ:ADCT NASDAQ:MESA NASDAQ:DSCO NASDAQ:SAPE NASDAQ:PPHM
Welcome! I searched every possible keyword I could think of for an AH board and could never find anything. It's hard to believe ihub has done without one for all this time.
Good to have you here!
About time a AH board was started. Looking forward to posting here.
CheapStockInvestor
CPSS news well received up 16.5%
Tuesday, September 29 2009 8:35 AM, EST Consumer Portfolio Services Announces New Credit Facility Market Wire "US Press Releases "
IRVINE, CA -- (MARKET WIRE) -- 09/29/09 -- Consumer Portfolio Services, Inc. (NASDAQ: CPSS) ("CPS" or the "Company") today announced that on September 25, 2009 it entered into a $50 million two-year credit facility with Fortress Credit Corp. , an affiliate of Fortress Investment Group . Loans under the facility will be secured by automobile receivables that CPS now holds or will purchase from dealers.
"We are very pleased with this new facility as it will allow us to begin growing our new contract originations again," said Charles E. Bradley, Jr. , Chief Executive Officer. "During the credit crisis over the last year and with the lack of other credit facilities, we have focused on preserving liquidity. As a result, so far this year we have purchased only nominal amounts of new contracts. With this financing we will be able to take advantage of what we believe is a tremendous market opportunity, as many former competitors have exited the industry."
About Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc. is a specialty finance company engaged in purchasing and servicing new and used retail automobile contracts originated primarily by franchised automobile dealerships and, to a lesser extent, by select independent dealers of used automobiles in the United States . We serve as an alternative source of financing for dealers, facilitating sales to sub-prime customers, who have limited credit history, low income or past credit problems and who otherwise might not be able to obtain financing from traditional sources.
Forward Looking Statements
This news release contains forward looking statements, which include the statements that the new facility will allow us to begin growing purchases of automobile finance contracts, and that we will be able to take advantage of a market opportunity with such purchases. There can be no assurance that we will purchase contracts in amounts or on terms as we anticipate or as may be implied from the statements above. Our ability so to purchase will be dependent on factors that include (i) the willingness and ability of our competitors to purchase similar contracts from dealers, (ii) the terms and conditions on which such competitors purchase such contracts, (iii) our ability to fund our portion of the purchase price of such automobile finance contracts, and (iv) the overall level of automobile purchases in the United States .
Investor Relations Contact: Robert E. Riedl Chief Investment Officer 949-753-6800
Great! there ARE other AH traders on the hub! Nice to have you here and hope we can get some good plays going in the off-hours!
great idea for a board! marked
PTN +19.7% .39 x .395
ASTC +74% 2.12 x 2.18
VG 1.39 x 1.41 after nice news yesterday AH
Monday, September 28 2009 5:00 PM, EST Vonage Holdings Corp. Successfully Regains Compliance with NYSE Minimum Share Price Listing Requirement PR Newswire "US Press Releases "
HOLMDEL, N.J. , Sept. 28 /PRNewswire-FirstCall/ -- Vonage Holdings Corp. today announced that it received notification from the New York Stock Exchange (the "NYSE") that the Company has regained compliance with the NYSE's continued listing standard for share price.
On October 24, 2008 the Company received notification from the NYSE that the Company had fallen below the continued listing standard, which requires a minimum average closing price of $1.00 per share over 30 consecutive trading days. Vonage regained compliance after its closing share price for the 30 trading days ended September 28, 2009 and its closing price on September 28, 2009 exceeded $1.00 .
In addition to regaining compliance with the price listing standard, the Company continues to follow all NYSE requirements to regain market capitalization compliance including providing quarterly operational updates to the NYSE . The NYSE requires average market capitalization of not less than $100 million over a 30 day trading period. The Company's current market capitalization is $238 million *. The Company could regain compliance either at the end of the 18 month plan period available or based on two consecutive quarterly monitoring periods in compliance.
*Based on 176 million shares outstanding as of September 4, 2009 and the September 25, 2009 closing price of $1.35 .
About Vonage
Vonage (NYSE: VG) is a leading provider of broadband telephone services with approximately 2.5 million subscriber lines. Our award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. We offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.
Our Vonage World plan offers free unlimited calling to landline phones in all cities and locations in more than 60 countries and popular features like call waiting, call forwarding and voicemail for one low, flat monthly rate. Our Small Business Unlimited calling plan offers unlimited local and long distance calling, free international calling to five countries in Europe and low international rates.
Vonage's service is sold on the web and through national retailers including Best Buy and Wal-Mart Stores Inc. and is available to customers in the U.S., Canada and the United Kingdom . For more information about Vonage's products and services, please visit http://www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey . Vonage® is a registered trademark of Vonage Marketing Inc. , a subsidiary of Vonage Holdings Corp.
Vonage Investor Contact: Leslie Arena , +1-732-203-7372 leslie.arena@vonage.com Vonage Media Contact: Meghan Shaw +1-732-203-7133 meghan.shaw@vonage.com
SOURCE Vonage Holdings Corp.
PTN up 15% .38 now - News this morning
Tuesday, September 29 2009 7:30 AM, EST Palatin Technologies to Receive $5 Million from AstraZeneca PR Newswire "US Press Releases "
CRANBURY, N.J. , Sept. 29 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. (NYSE Amex: PTN) today announced that it will receive $5 million from AstraZeneca relating to an amendment of its ongoing exclusive research collaboration and license agreement to discover, develop and commercialize compounds that target melanocortin receptors for treatment of obesity and related indications.
Under the terms of the amendment to the parties' collaboration agreement, AstraZeneca has agreed to make a $2.5 million payment upon signing and, subject to completion of certain tasks relating to the program, $2.5 million in the first quarter of calendar year 2010. Under the amendment, the terms of the original collaboration and license agreement signed in January 2007 relating to milestone payments and royalty rates were restructured.
Palatin has completed an exploratory clinical study with a melanocortin receptor compound and has also agreed to conduct additional clinical studies under a clinical trial sponsored research agreement to be funded by AstraZeneca .
"We appreciate the efforts and dedication of our colleagues at AstraZeneca as we work together to advance the program and are enthusiastic about the promise of compounds that target melanocortin receptors for treatment of obesity and related indications," stated Carl Spana , Ph.D., President and CEO of Palatin .
Researchers at Palatin and AstraZeneca are continuing to complete selection of a lead drug candidate for further commercial development. Under the agreement, AstraZeneca is responsible for product commercialization as well as product discovery and development costs.
About Palatin Technologies, Inc.
Palatin Technologies, Inc. is a biopharmaceutical company focused on discovering and developing targeted, receptor-specific small molecule and peptide therapeutics. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders in order to maximize their commercial potential. For additional information regarding Palatin , please visit Palatin Technologies' website at www.palatin.com.
About AstraZeneca
AstraZeneca is a major international healthcare business engaged in the research, development, manufacturing and marketing of meaningful prescription medicines and supplier for healthcare services. AstraZeneca is one of the world's leading pharmaceutical companies with healthcare sales of US $31.6 billion and is a leader in gastrointestinal, cardiovascular, neuroscience, respiratory, oncology and infectious disease medicines. For more information about AstraZeneca , please visit: www.astrazeneca.com.
Forward-looking Statements
Statements about future expectations of Palatin Technologies, Inc. , including statements about its development programs, proposed indications for its product candidates, pre-clinical activities, marketing collaborations, and all other statements in this document other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Palatin's actual results may differ materially from those discussed in the forward-looking statements for various reasons, including, but not limited to Palatin's ability to fund development of its technology, ability to establish and successfully complete clinical trials and pre-clinical studies and the results of those trials and studies, dependence on its partners for certain development activities, need for regulatory approvals and commercial acceptance of its products, ability to protect its intellectual property, and other factors discussed in the Palatin's periodic filings with the Securities and Exchange Commission . Palatin is not responsible for updating for events that occur after the date of this press release.
SOURCE Palatin Technologies, Inc.
ASTC up 66% leading the morning due to AH news
Monday, September 28 2009 4:20 PM, EST Astrotech Reports Financial Results for Fourth Quarter and Fiscal Year 2009 and Announces Exploration of Strategic Alternatives Business Wire "US Press Releases "
AUSTIN, Texas --(BUSINESS WIRE)-- Astrotech Corporation (NASDAQ:ASTC) today announced financial results for its fourth quarter and fiscal year ended June 30, 2009 .
"This reporting period commemorates our return to profitable earnings and the completion of the turnaround for Astrotech that started in January 2007 ," said Thomas B. Pickens III , Chairman and CEO. "The Company is now on a firm foundation and I feel very confident about the future of Astrotech and its expected earnings going forward."
Fourth Quarter Results
The Company posted a fourth quarter fiscal year 2009 net income of $2.6 million , or $0.15 per diluted share on revenue of $10.4 million compared with a fourth quarter fiscal year 2008 net loss of $1.5 million , or $(0.11) per diluted share on revenue of $6.1 million .
Fiscal Year Results
Astrotech's net income for the fiscal year ended June 30, 2009 was $4.7 million , or $0.28 per diluted share on revenue of $32.0 million compared to a net loss of $36.0 million , or $(4.26) per diluted share on revenue of $25.5 million for the prior fiscal year. These results represent a 25.2% increase in revenue over fiscal year 2008. Additionally, this marks the first time since 2005 that the Company has reported net income for the fiscal year.
Liquidity
As of June 30, 2009 , we had cash on hand of $4.7 million and our working capital was approximately $8.4 million . The Company maintains a $6.0 million financing facility with Green Bank, N.A. , consisting of a $4.0 million term loan and a $2.0 million revolving credit facility. On June 30, 2009 , $3.6 million of the term loan, which expires in February 2011 , was outstanding. During third quarter fiscal year 2009, the Company renewed the one-year revolving credit facility through February 2010 on terms substantially similar to the previous facility. At June 30, 2009 , the Company had no outstanding liability under the revolving credit facility.
Update of Ongoing Operations
Astrotech's growth strategy is to build on its industry-leading ground support operations and offer a more comprehensive set of services to government and commercial satellite customers through its wholly owned and largest subsidiary, Astrotech Space Operations ("ASO"). Specifically, the Company has developed and has begun to offer an End-to-End Mission Assurance capability that leverages Astrotech's core-competency in ground processing services to provide pre-launch mission design and planning services and post-launch command-and-control and data management services. This initiative offers new opportunities to meet what the Company believes is an increasing demand from commercial and government customers for a cost-effective and reliable provider of these services.
The Company has a backlog of $25.4 million as of June 30, 2009 . The majority of this backlog is for ASO pre-launch satellite processing services, which include hardware launch preparation; advance planning; use of unique satellite preparation facilities; and, spacecraft checkout, encapsulation, fueling, transport, and remote control through launch.
Strategic Financial and Business Alternatives
Astrotech also announced today that its Board of Directors has engaged investment banking firm Lazard Ltd. to advise the Company in exploring strategic financial and business alternatives to enhance shareholder value. Lazard Middle Market is the midcap focused financial advisory business of Lazard.
The range of alternatives which may be considered could include strategic acquisitions, a sale of some or all of the company's assets or a variety of other possible transactions. There can be no assurance regarding the timing of or whether the Company will elect to pursue any of the strategic alternatives it may consider, or that any such alternatives will result in changes to the Company's plans or will be consummated.
About Astrotech Corporation
Astrotech is one of the first space commerce companies and remains a strong entrepreneurial leader in the aerospace industry. The Company serves our government and commercial satellite and spacecraft customers with our pre-launch services from our Astrotech Space Operations (ASO) subsidiary and incubates space technology businesses having formed three companies; the 1st Detect Corporation is developing what we believe is a breakthrough mini-mass spectrometer; Astrogenetix, Inc. expects to produce biotech products in space and has recently developed a vaccine candidate for Salmonella; and AirWard Corporation is drawing on Astrotech's space heritage of sending cargo to space by selling hazardous material containers for the airline industry.
This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, the ability to expand ASO, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the Company's Securities and Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
Tables follow
ASTROTECH CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (In thousands, except per share data) Three Months Ended Twelve Months Ended June 30, June 30, 2009 2008 2009 2008 Revenue $ 10,377 $ 6,050 $ 31,985 $ 25,544 Costs of revenue 4,130 4,490 15,723 19,540 Gross profit 6,247 1,560 16,262 6,004 Operating expenses Selling, general and 3,240 2,824 9,760 9,148 administrative Research and development 694 20 2,330 1,375 Asset impairment charge - 213 - 213 Total operating expenses 3,934 3,057 12,090 10,736 Gain (loss) from operations 2,313 (1,497 ) 4,172 (4,732 ) Debt conversion expense - - - (30,194 ) Gain on bond exchange - - 665 - Interest expense and Other (293 ) 327 (622 ) (427 ) expense, net Gain (loss) before income 2,020 (1,170 ) 4,215 (35,353 ) taxes Income tax benefit (expense) 603 (325 ) 510 (675 ) Net Income (loss) $ 2,623 $ (1,495 ) $ 4,725 $ (36,028 ) Deemed dividend related to induced conversion of - - - (3,344 ) preferred shares Net Income (loss) applicable $ 2,623 $ (1,495 ) $ 4,725 $ (39,372 ) to common shares Net income (loss) per share, $ 0.16 $ (0.11 ) $ 0.29 $ (4.26 ) basic Weighted average common shares 16,370 13,974 16,365 9,254 outstanding, basic Net income (loss) per share, $ 0.15 $ (0.11 ) $ 0.28 $ (4.26 ) diluted Weighted average common shares 17,617 13,974 16,904 9,254 outstanding, diluted
ASTROTECH CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except share data) June 30, Assets 2009 2008 Current assets Cash and cash equivalents $ 4,730 $ 2,640 Accounts receivable, net 12,279 3,872 Prepaid expenses and other current assets 591 639 Total current assets 17,600 7,151 Property and equipment, net 40,226 40,999 Restricted cash - 8,386 Long term note receivable 691 717 Other assets, net 402 958 Total assets $ 58,919 $ 58,211 Liabilities and Stockholders' Equity Current liabilities Term note payable $ 267 $ 267 Accounts payable 2,965 2,599 Deferred revenue 3,594 1,007 Accrued liabilities and other 2,356 2,756 Total current liabilities 9,182 6,629 Advances on construction contract - 4,863 Deferred revenue 649 1,227 Senior convertible subordinated notes payable - 5,111 6,861 5.5% Term note payable, net of current portion 3,324 3,526 Other 105 169 Total liabilities 18,371 23,275 Stockholders' equity Preferred stock, no par value, convertible, 2,500,000 authorized shares, 0 issued and outstanding shares, at June 30, 2009 and 2008 - - (liquidation preference of $12,000 ) Common stock, no par value, 75,000,000 and 7,000,000 shares authorized at June 30, 2009 and 2008 respectively, 16,754,378 and 14,966,038 shares issued at June 30, 183,341 183,306 2009 and 2008, respectively Treasury stock, 311,660 shares at cost (237 ) (117 ) Additional paid-in capital 1,663 691 Retained earnings (144,219 ) (148,944 ) Total stockholders' equity 40,548 34,936 Total liabilities and stockholders' equity $ 58,919 $ 58,211
Source: Astrotech Corporation
For all of us trading addicts that can't get enough from 9:30-4pm est
This board is to post about stocks that are moving pre and post market.
(I'll work on the ibox later)
http://www.nasdaq.com/newscontent/20090216/understanding-pre-market-and-after-hours-stock-trading.aspx
Understanding Pre-Market and After-Hours Stock Trading
By S. Wade Hansen, analyst at LearningMarkets.com
Getting a Leg Up on the Competition
The U.S. Stock Market is open for business for six-and-a-half hours---from 9:30 a.m to 4:00 p.m. ET---nearly every business day, and it draws crowds of thousands upon thousands of investors as soon as the opening bell rings. Wall Street is crowded during normal trading hours, but some investors are finding a less crowded space to trade in: the pre-market and after-hours stock trading sessions. Understanding Pre-Market and After-Hours Stock Trading
That''s right...as you will see in the Pre-Market and After-Hours Stock Trading video, you can actually trade before the market opens in the morning, and you can keep on trading once the market has closed in the afternoon. Of course, the playing field is a little different during off-market trading hours than it is when the full stock market is open, but we''ll cover that.
After-Hours Stock Trading
As its name suggests, after-hours stock trading occurs after the regular stock market hours---9:30 a.m to 4:00 p.m. ET---are over. After-hours stock trading takes place between the hours of 4:00 to 8:00 p.m. ET.
But why would you want to trade stocks in the after-hours trading session?
According to Chris Concannon, an executive VP in the Transaction Services Group at NASDAQ, "Many companies report earnings either before the market opens or after the market closes. The intrinsic value of a stock is constantly moving whether the market is open or not, and people want to access the market when the intrinsic value is changing."
Pre-Market Stock Trading
As its name suggests, pre-market stock trading occurs before the stock market opens up for its regular hours of trading at 9:30 a.m ET. Pre-market stock trading takes place between the hours of 4:00 to 9:30 a.m. ET.
Investors like to trade in the pre-market session for the same reason they like to trade in the after-hours trading session...they want to get a leg up on the competition by reacting quickly to news announcements that occur when the regular market is closed.
Risks of Trading After Hours and Pre-Market
All investing involves risk, but the Securities and Exchange Commission (SEC) outlines the following eight risks that are specifically associated with trading in the after-hours and pre-market sessions:
1. Inability to see or act upon quotes: Some firms only allow investors to view quotes from the one trading system the firm uses for after-hours trading. Check with your broker to see which firms quotes you will be able to see and off of which quotes you will be able to trade.
2. Lack of liquidity: During regular trading hours, buyers and sellers of most stocks can trade readily with one another. During after-hours, there may be less trading volume for some stocks, making it more difficult to execute some of your trades.
3. Larger quote spreads: Less trading activity could also mean wider spreads between the bid and ask prices. As a result, you may find it more difficult to get your order executed or to get as favorable a price as you could have during regular market hours.
4. Price volatility: For stocks with limited trading activity, you may find greater price fluctuations than you would have seen during regular trading hours.
5. Uncertain prices: The prices of some stocks traded during the after-hours session may not reflect the prices of those stocks during regular hours, either at the end of the regular trading session or upon the opening of regular trading the next business day. This means that even if a stock price rises in after-hours trading, it may fall right back down when regular trading opens again and the rest of the market gets to cast its vote on the price of the stock.
6. Bias toward limit orders: Many electronic trading systems currently accept only limit orders in the pre-market and after-hours sessions. Limit orders may cause you to miss out on having a trade filled.
7. Competition with professional traders: Many of the after-hours traders are professionals with large institutions, such as mutual funds, who may have access to more information than individual investors.
8. Computer delays: As with online trading, you may encounter during after-hours delays or failures in getting your order executed, including orders to cancel or change your trades.
Conclusion: Understanding Pre-Market and After-Hours Stock Trading
If you are looking for an edge in your stock trading, placing trades in the pre-market and/or after-hours trading sessions may be a great place to start. Just remember that there are additional risks you need to be aware of.
Check with your broker to see if it offers off-hours trading and what you need to do to qualify.
I''ve scratched the surface here in the article, but I go into more detail in the Pre-Market and After-Hours Stock Trading video.
Learning Markets offers daily articles, videos and investing guides---for free---about everything from investing in stocks and options to trading currencies in the forex market and more. Visit LearningMarkets.com to learn more about investing and to interact with other investors just like you.
http://quotes.nasdaq.com/asp/MasterDataEntry.asp?page=Pre-Market
About the Pre-Market Trading Page
This page contains Pre-Market trading activity up until 9:30 AM every trading day. Extended trading data from The Nasdaq Stock Market is shown on a 15 minute delayed basis.
Pre-Market trading is only shown if the stock if it is a component of the Nasdaq-100 Index.
Data Definitions
Pre-Market Time
the time of the pre-market trade Eastern Standard Time.
Pre-Market Price
the trade price of the pre-market trade.
Pre-Market Share Volume
the number of shares traded in each recorded premarket trade.
Why Investors Care
Investors find that pre-market Nasdaq-100 trading provides a leading indicator for regular hours trading. Investors may use the data to judge the strength of buying in the stock at the time of regular market open. They may also use information gathered for the pre-market activity to judge the opening price of the stock and how long that price will generally be supported by the market.
Learn more about pre-market stock trading in our Learning Markets area.
Data Provider
Data is provided by The NASDAQ OMX Group, Inc.
Update Schedule
Every trading day during pre-market trading hours on a 15 minute delay.
http://quotes.nasdaq.com/asp/MasterDataEntry.asp?page=After%20Hours%20Market
About the After Hours Trading Page
After-Hours activity is shown on the site from 4:15 - 8:00 PM every trading day (actual trading starts at 4:00 PM EST). Extended trading data from The Nasdaq Stock Market is shown on a 15 minute delayed basis.
After-hours trading is only shown if the stock if it is a component of the Nasdaq-100 Index.
Data Definitions
After-Market Time
the time of the after-market trade Eastern Standard Time.
After-Market Price
the trade price of the after-market trade.
After-Market Share Volume
the number of shares traded in each recorded after-market trade.
Why Investors Care
Investors find that After-hours trading activity provides a leading indicator for next-trading day activity as well as providing insight Global Markets trading activity as those markets start up within hours of the close of the U.S. after-hours market.
Learn more about after hours stock trading in our Learning Markets area.
Data Provider
Data is provided by The NASDAQ OMX Group, Inc.
Update Schedule
Every trading day during pre-market trading hours on a 15 minute delay.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |