Stock On The Move - March 31

Stocks Rise on Heavy Volumn:

• Blue Dolphin Energy Co. (BDCO): shares of Houston, Texas based oil and natural gas company jumped 51.6% or $1.13 to $3.32 per share after the company announced fourth quarter net income of $909,198 on Thursday compared to net loss of $616.827 in for the same quarter in the previous year. The stock was the biggest winner on Nasdaq today with 6 million shares traded, almost 28 times average volumn.
• VA Software Corp.(LNUX): shares of Fremont, CA based open source software platform provider surged 16.83% or 69 cents to $4.79 per share on no news announcement. The stock was the fifth leading gainer on Nasdaq today with 8.7 million shares exchanged hands, almost 9 times average volum.

Stocks Drop on Heavy Volumn:

• Genesis Microchip Inc. (GNSS): shares of Alviso, CA based flat-panel display controller chips maker were down 7.99% or $1.48 to $17.04 per share after the company cut its fourth-quarter outlook on weak revenue. About 5 times average volumn of 8.2 million shares have traded.

Stock On The Move - March 30

Stocks Rise on Heavy Volumn:

• AVI Biopharma Inc. (AVII): shares of Portland, Oregon based potential bird flu drug developer surged 15.78% or $1.04 to $7.63 per share as the company plans to apply to Food and Drug Administration for bird flu drug after lab studies showed drug effective in stopping the replication of bird flu virus. The stock was the seventh leading gainer on Nasdaq today with 12 million shares traded, about four times average volumn.
• TiVo Inc.(TIVO): shares of Alviso, CA based digital video recorders(DVRs) maker rose 9.81% or 71 cents to $7.95 per share as the company began patent-inringement lawsuit against EchoStar Communications(DISH) on Wednesday. However in the after hour action the stock was down 2.52% or 20 cents as Cablevision plans to offer digital video recording service to replace DVR boxes. About five times average volumn of 7.9 million shares have exchanged hands.

Stocks Drop on Heavy Volumn:

• Sigmatel Inc. (SGTL): shares of Austin, Texas MP3 players chips maker plunged 12.54% to new 52 weeks low of $8.86 after the company issued warning for its first quarter revenue. The stock has dropped almost 80% for the year as it was still trading at $45 per share last March. The stock was the biggest loser on Nasdaq today with 10 million shares traded, almost 9 times average volumn.

Stock On The Move - March 29

Stocks Rise on Heavy Volumn:

• Nanogen Inc. (NGEN): shares of San Diego, CA based gene research equipment maker maker surged 17.78% or 48 cents to $3.18 per share as the company got approval from Food and Drug Administration for its congestive heart failure plasma test. The stock was the fourth leading gainer on Nasdaq today with 13.6 million shares traded, almost 20 times average volumn.
• Maytag Corp.(MYG): shares of one of the nation's leading home applience maker soared 27.69% or $4.78 to new 52 wees high of $21.81 after antitrust regulators approved Whirlpool(WHR) $1.79 billion acquisition of Maytag. The stock was the biggest percentage winner on NYSE today with 14.8 million shares exchanged hands, about 14 times average volumn.

Stock On The Move - March 28

Stocks Rise on Heavy Volumn:

• Level3 Communications Inc. (LVLT): the Broomfield, CO based voice-over-IP component provider is the heaviest traded on Nasdaq today as the company annouced it expects to meet or exceed first-quarter projection. The announcement send the stock up 15.88% or 71 cents to $5.18 per share with 135 million shares exchanged hands. The stock is the third leading gainer on Nasdaq today.

Stock On The Move - March 27

Stocks Rise on Heavy Volumn:

• Crystallex International Corp. (KRY): shares of Toronto, Canada based gold mining company surged 19.68% or 62 cents to $3.77 per share after the Ministry fo Basic Industry and Mining approved the technical, economic and financial Feasibility Study for the Las Cristinas gold exploitation project in Republic of Venezuela. The stock was the fourth leading advancer on AMEX today with 10.6 million shares traded, about 5 times more than average volumn.

Stocks Drop on Heavy Volumn:

• Encysive Pharmaceuticals Inc. (ENCY): shares of Bellaire, Texas based biopharmaceutical company plunged 49.34% or $4.48 to new 52 weeks low of $4.60 after the Food and Drug Administration requested additional clinical trial for the company's hypertension drug Thelin. The stock was the biggest loser percentage wise on Nasdaq today with 53 million shares traded, also the fifth most traded on Nasdaq.
• Generex Biotechnology Corp. (GNBT): shares of Toronto, Canada based potential avian flu vaccine maker tumbled 20.43% to $2.96 on negative comments from Smart Money article that the company have the least chance to deliver avian-flu treatment product. The stock was the second leading decliner on Nasdaq today with 35.8 million shares traded, the eleventh most traded stock on Nasdaq.

Stock On The Move - March 24

Stocks Rise on Heavy Volumn:

• Lucent Technologies Inc. (LU): stock of the Murray Hill, NJ based communication service provider was trading in record volumn of 532 million shares on merger talk with Alcatel(ALA) for $34 billion. Shares of Lucent jumped 8.51% or 24 cents to $3.06 per share as the stock was the heaviest traded among all the US stock exchanges today.
• Hecla Mining Co.(HL): shares of Coeur Dalene, Idoho based silver, gold, lead and zinc mining company surged 8.35% or 47 cents to new 52 weeks high of $6.1 per share as gold future rose almost $10 to $560.5 an ounce on the New York Mercantile Exchange on soften US dollar. The stock was the seventh percentage gainer on NYSE behind Lucent Technologies with 5.8 million shares traded, more than twice as many as average volumn.

Stocks Drop on Heavy Volumn:

• Antigenics Inc. (AGEN): shares of New York based cancer drug maker dove 41.88% or $2.14 to new 52 weeks low of $2.97 after the company stoped the late-stage trial for its cancer drug Oncophage after disqualified patients were found by independent panel. The stock was the biggest decliner on Nasdaq today with 8 million shares traded, about 15 times average volumn.
• Idenix Pharmaceuticals Inc. (IDIX): shares of Cambridge, MA based human viral drug maker company plunged 28.05% or $5.68 to new 52 weeks low of $14.57 per share on analysts downgrade after the company lowered dosages of its hepatitis C treatment due to side effects. The stock was the second leading decliner on Nasdaq today with 8.5 million shares traded, about 17 times average volumn.

Stock On The Move - March 23

Stocks Rise on Heavy Volumn:

• Spherix Inc. (SPEX): shares of Beltsville, MD based biotechnology firm soared 69.23% or $1.44 to $3.52 per share as the company has entered an agreement for Phase 3 clinical trial of its diabetes drug. The stock was the leading gainer on Nasdaq today with 8.4 million shares traded, about 24 times of average volumn.
• Level 3 Communications Inc.(LVLT): the Broomfield, CO based voice-over-IP(VoIP) component service provider was the heaviest traded on Nasdaq today with 106 million shares traded after an analyst upgraded his rating on the company seeing an improving operating environment. The shares surged 16.57% or 57 cents to $4.01 reaching new 52 weeks high.

Stocks Drop on Heavy Volumn:

• YRC Worldwide Inc. (YRCW): shares of Overland Park, Kansas based transportation service provider plunged 14.86% or $6.73 to new 52 weeks low of $38.56 per share after the company lowered its earning forecast for the first quarter after the market closed Wednesday. The stock was the second leading decliner on Nasdaq today with 13 million shares traded, about 11 times average volumn.
• King Pharmaceuticals Inc. (KG): shares of Bristol, TN based pharmaceutical company dropped 8.78% or $1.67 to $17.36 per share after the company announced new convertable notes offering worth $400 million on Wednesday. The stock was the second most percentage loser on NYSE today with 8.1 million shares traded.

Stock On The Move - March 22

Stocks Rise on Heavy Volumn:

• TransMontaigne Inc. (TMG): shares of Denver, Colorado based petroleum products distributor and supplier soared 24.26% or $1.8 to $9.22 per share on buyout offer from Morgan Stanley(MS) worth $379 million or $8.5 per share. The stock was the biggest percentage gainer on NYSE today with 6.5 million shares traded.
• Nabi Biopharmaceuticals (NABI): shares of Boca Raton, Florida based hepatitis and kidney disease drug maker surged 15.83% or 76 cents to $5.56 as the company continues development of drugs targeting gram-positive bacterial infections. The stock was the fifth leading advancer on Nasdaq with 16 million shares traded, about eight times average volumn.

Stocks Drop on Heavy Volumn:

• Generex Biotechnology Corp. (GNBT): shares of Toronto, Canada based drug delivery system maker plunged 23.77% on profit taking after the stock jumped 27% in the previous trading session on bird flu fear. The stock was the leading decliner on Nasdaq today with 85 million shares exchanged hands, the third heaviest traded on Nasdaq.
• Sigma Designs Inc. (SIGM): shares of Milpitas, CA based digital media processor maker lost 14.62% or $2.32 to $13.55 per share on decling in gross margin due to competition. The stock was the second leading decliner on Nasdaq today with 5.3 million shares traded.

Stock On The Move - March 21

Stocks Rise on Heavy Volumn:

• Generex Biotechnology Corp. (GNBT): shares of Toronto, Canada based bird flu vaccine maker soared 27.03% or 90 cents to new 52 weeks high of $4.23 per share as heavy buying continues on bird flu related stocks. The stock was the biggest winner on Nasdaq today with 41 million shares, the tenth most active stock on Nasdaq.
• Mindspeed Technologies. (MSPD): shares of Newport Beach, California semidonductor solutions company for communications applications surged 14.24% or 47 cents to $3.77 on buy recommendation from Jim Cramer on his Mad Money show. The stock was the fourth leading advancer on Nasdaq with 30.7 million shares traded, about 15 times average volumn.

Stocks Drop on Heavy Volumn:

• PainCare Holdings Inc. (PRZ): shares of Orlando, FL, based spine surgery and pain management company plunged 24.6% to new 52 weeks low of $1.41 on new class-action lawsuit filed by Shalov Stone & Bonner LLP on company's misrepresentation of material which artificiallly inflated the stock price. The stock was the second leading decliner on AMEX with 5.8 million shares exchanged hands, about 10 times average volumn.
• Valeant Pharmaceuticals International. (VRX): shares of Costa Mesa, CA based pharmaceutical company dropped 14.19% to 52 weeks low on disappointing trial data on its hepatitis C treatment. The stock was the biggest loser on NYSE today with 14.9 million shares traded.

Stock on the Move - March 20

Stocks Rise on Heavy Volumn:

• Nymox Pharmaceutical Corp. (NYMX): shares of St Laurent, Canada based Alzheimer's disease treatment company soared 23.94% tor 91 cents to new 52 weeks high of $4.17 on strong financial results for 2005 and analyst's recommendation. The stock finished the day at the fourth place of the Nasdaq's percentage gainer of the day with 6.4 million shares traded.
• Broadwing orporation. (BWNG): shares of Austin, Texas based broadband service provider surged 16.38% to new 52 weeks high of $14.78 on merger rumor with Global Crossing(GLBC). The stock was the tenth leading advancer on Nasdaq with 7.8 million shares traded.

Stocks Drop on Heavy Volumn:

• Evergreen Solar Inc. (ESLR): shares of Marlboro, MA, based solar power company lost 8.73% or $1.34 to $14.01 on analysts downgrade after the company lost a contract with MEMC Electronic Materials Inc.(WFR), its main silicon supplier. The stock has dropped more than a dolloar for the second consecutive session from as high as $17 per share yesterday.
• Mills Corp. (MLS): shares of Arlington, VA based real estate investment trust(REIT) dropped 11.79% or $4.33 to new 52 weeks low of $32.4 as analyst warned the real estate investment trust may have overstated operating income. The stock was the leading decliner on NYSE today with 5.9 million shares exchanged hands.

Stock On The Move - March 17

Stocks Rise on Heavy Volumn:

• GlobeTel Communications Corp. (GTE): shares of Pembroke Pines, Florida, based Voice over Internet Protocol(VoIP) service provider jumped 21.46% to $2.83 as the company would be revising payment plan for installion broadband phone services in Russian cities. The stock is the fourth leading gainer on AMEX today with 5.2 million shares traded.
• Generex Biotechnology Corp. (GNBT): shares of Toronto, Canada based potential bird flu vaccine maker surged for the fourth consecutive day on bird flu breakout fear and new patent granted in Maxico. The stock was up 12.21% or 32 cents to $2.94 with 20.9 million shares exchanged hands, about three times average volumn. The stock was trading at $2.18 on Monday.

Stocks Drop on Heavy Volumn:

• ViroPharma Inc. (VPHM): shares of Exton, PA, based antibiotics drug maker plunged 33.16% to $10.855 as new FDA action could make the comany's big revenue driver Vancocin easier to make by competitors. The stock was the biggest loser on Nasdaq today with 49 million shares traded, the nineth heaviest on Nasdaq.
• ABX Air Inc. (ABXA): shares of Wilmington, Ohio based air cargo transport company lost 13.98% to 52 weeks low of $6.89 as the company reported disappointing fourth quarter result on Thursday with net income fell to $9 million from $18 million in the previous quarter.

Stock On The Move - March 16

Stocks Rise on Heavy Volumn:

• Solexa Inc. (SLXA): shares of Hayward, California based genetic analysis technology company soared 16.97% to $9.65 as Jim Cramer on his Mad Money show said the stock is a buy. The stock is the nineth leading gainer on Nasdaq today with 5.3 million shares traded.
• BioMarin Pharmaceutical Inc. (BMRN): shares of Novato, CA based biopharmaceutical company surged 11.81% to new 52 weeks high of following positive study results for the company's potential metabolic disorder treatment. About 15 times normal volumn of 11 million shares have exchanged hands.

Stocks Drop on Heavy Volumn:

• Kulicke & Soffa Industries Inc. (KLIC): shares of Willow Grove, PA, based packaging material manufacturer plunged 20.30% to $8.99 on outlook. The stock is the third leading decliner on Nasdaq today with 9.1 million shares traded.

Stock on the Move - March 15

Stocks Rise on Heavy Volumn:

• Avanex Corp. (AVNX): shares of Fremont, California based photonic solutions company soared for another 20.07% or to new 52 weeks high of $3.23 per share follwoing the announcement of new optical network product yesterday. The stock has surged for the second consecutive session with overall gain of 40% in just two days. The after hour trading today is still strong as the stock is pushed up for another 7.43% to $3.47 per share. The stock is the sixth leading gainer on Nasdaq today with 58 million shares traded, the seventh most traded on Nasdaq.
• Movie Gallery Inc. (MOVI): the troubling video rental company becomes the second leading percentage gainer on Nasdaq today as as it explores opportunities to sublease space that may boost traffic and revenue. The stock jumps 36.87% or 80 cents to $2.97 following the announcement. For the past 52 weeks the stock has lost more than 90% of its market cap as it went from $30 per share earlier last year to as low as $1.68 per share recently.

Stocks Drop on Heavy Volumn:

• Orthologic Corp. (OLGC): shares of Tempe, Arizona biopharmaceutical company focusing on issues healing technology plungs 49.08% to new 52 weeks low of $2.64 per share on negative trial data from its synthetic peptide drug. The stock is the leading decliner on Nasdaq today with 9.2 million shares traded.

Stock on the Move - March 14

Stocks Rise on Heavy Volumn:

• Avanex Corp. (AVNX): shares of Fremont, California based photonic solutions company soared 16.96% or 39 cents to new 52 weeks high of $2.69. The company today announced new optical network product which provides better performance which beats current industry standard. The stock was the fifth percentage gainer and volumn leader on Nasdaq today with 52 million shares traded.
• Medicis Pharmaceutical Corp. (MRX): shares of Scottsdale, Arizona based pharmaceutical company rose 9.89% to $32.01 after the company acquired right to develop and market a botulinum toxin product for cosmetic use by doctors. Before the session the stock was trading near 3 months low of $29.13 per share. Medicis was the fifth leading gainer on NYSE with 5.4 million shares.
  

Stocks Drop on Heavy Volumn:

• Human Genome Science Inc. (HGSI): the Rockville, MD based biopharmaceutical company tumbled as analysts disappointed with the mid-stage trail result of company's Hepatitis C drug. The stock plunged 20.34%, the second most on Nasdaq, to $10.89 with eight times normal volumn of 27.9 million shares exchanged hands.
• Comverse Technology Inc. (CMVT): shares of New York based communication equipment maker dropped 14.75% to $24.85 after the company annouced that it may have to restate past earnings after accounting review. The stock was trading at 52 weeks high of $29.15 at previous session.

Stock on the Move - March 9

Stocks Rise on Heavy Volumn:

• SFBC International Inc. (SFCC): the Miami, Florida based drug development services company on Wednesday reported strong fourth quarter result and 2006 outlook. The news helped boost the stock price 23.57% or $4.25 to $22.28 as 7.2 million shares exchanged hands. The stock was the biggest winner on Nasdaq today.
• Coldwater Creek Inc. (CWTR): shares of Sandpoint, Idaho based retailer of women's apparel and jewelry surged 17.55% or $3.81 to new 52 weeks high of $25.52 as the company reported stronger than forecast fourth quarter result. The stock was the fourth leading gainer on Nasdaq today with 7.9 million shares traded.

Stocks Drop on Heavy Volumn:

• Wind River Systems Inc. (WIND): the Alamenda, California based software company on Wednesday reported fourth quarter earnings slightly below analysts's estimates. However it was the negative outlook of 2007 that hurt the stock as shares plunged 20.77% to $12.17 per share. The stock was the second leading decliner on Nasdaq today with 15 million shares exchanged hands.
• Movie Gallery Inc. (MOVI): shares of the No. 2 U.S. movie rental chain dropped for the second straight session as the stock lost another 17.41% to new 52 weeks low of $2.04 per share with 12 million shares. In the previous session the investors were worried that the company may file for bankruptcy after the company met with banks to renegotiate credit agreement.

Stock on the Move - March 8

Stocks Rise on Heavy Volumn:

• Lexar Media Inc. (LEXR): shares of Lexar Media, the Fremont, CA based flash memory card maker jumped 24.54% or $1.74 to $8.83 per share on buy-out offer from Micron Technology(MU) for $688 million worth of stock. About 72 million shares have exchanged hands making the stock the fourth heaviest traded and also the second leading gainer on Nasdaq today.
• Elan Corp. plc (ELN): the possible return of multiple slerosis drug Tysabri helped boosting shares Ireland based drug maker. The stock ended today up 24.49% or $3.11 to $15.81 with 20 million shares traded. The stock was the leading gainer on NYSE today.

Stocks Drop on Heavy Volumn:

• Distributed Energy Systems Corp. (DESC): shares of Wallingford, CT based fuel cell maker plunged 30.41% to $6.59 on weaker than expected first quarter outlook as well as analysts downgrade. The stock was the leading decliner on Nasdaq today with 8.5 million shares exchanged hands, close to ten times of average volumn.
• Movie Gallery Inc. (MOVI): shares of the No. 2 U.S. movie rental chain dipped 20.58% to new 52 weeks low of $2.39 as bankruptcy risk increased after the company met with banks to renegotiate credit agreement. The stock was the second leading decliner on Nasdaq today with 7 million shares traded.

Stock on the Move - March 7

Stocks Rise on Heavy Volumn:

• Krispy Kreme Doughnuts Inc. (KKD): shares of troubled doughnut maker soared 20.66% to $7.71 after hiring food industry veteran as new chief executive. For the past two years, the stock fall from $40 in December of 2003 to as low as $4 per share in October of last year before boucing bak to around $6 per share in the previous session. The stock was the leading gainer on NYSE today with 5.9 million shares traded.
• Penn National Gaming Inc. (PENN): shares of Wyomissing, PA based casino and horse racetrack operator surged 13.5% or $4.63 to 52 weeks high of $38.93 on favorable ruling and analysts positive comments. The stock was the third leading gainer on Nasdaq today with 5.1 million shares.

Stocks Drop on Heavy Volumn:

• Avanex Corp. (AVNX): shares of Fremont, California based fiber optic product manufacturer plunged 18.88% or 47 cents to $2.02 as the company announced to sell 24.1 million shares to certain investors worth $48.15 million. The stock was the second leading decliner on Nasdaq today with 34 million shares traded, the tenth heaviest traded.
• Myogen Inc. (MYOG): shares of Westminster, CO based biopharmaeutical company lost 14.72% to $35.23 per share as new partnership with GlaxoSmithKline makes takeover of the company less likely. The stock was the sixth leading decliner on Nasday with 6.5 million shares exchanged hands.

Stock on the Move - March 6

Stocks Rise on Heavy Volumn:

• Avanex Corp. (AVNX): shares of Fremont, California based fiber optic products maker soared 18.57% or 39 cents to new 52 weeks high of $2.49 per share following new product announcement last week. The stock was the fourth leading gainer on Nasdaq today with 25.6 million shares traded, about five times average volumn.
• Research In Motion Ltd. (RIMM): shares of BlackBerry maker surged $10.84 or 15.07% to $82.76 on company's decision to settle patent dispute with NTP Inc. The stock was the twelveth most traded on Nasdaq with 31 million shares.

Stocks Drop on Heavy Volumn:

• Redback Networks Inc. (RBAK): shares of the San Jose, California based telecommunications equipment maker plunged 15.4% or $3.35 per share to $18.4 on speculation that the AT&T's acquisition of BellSouth may hurt the company as AT&T uses network equipment from Alcatel. The stock was the third leading decliner on Nasdaq today with 10.5 million shares traded.
• Tellabs Inc. (TLAB): the AT&T - BellSouth deal also hurt one other BellSouth's equipment supplier beside Redback Networks as shares of Tellabs tumbled 13.19% to $13.03 with 22 million shares exchanged hands.

Stock on the Move - March 3

Stocks Rise on Heavy Volumn:

• Vodafone Group plc. (VOD): shares of British cell phone company rallied 6.71% to $21 as it plans to sell its Japanese unit, to Softbank, a technology investment company who also invests in Internet giant such as Yahoo. The stock was the eighth heaviest traded on NYSE with 21.8 million shares.
• Bookham Inc. (BKHM): shares of San Jose, CA based optical network component maker soared 12.95% or 97 cents to new 52 weeks high of $8.46 following positive comments from Jim Cramer and his TheStreet.com. 7.6 million shares, almost 5 times average volumn, have exchanged hands.

Stocks Drop on Heavy Volumn:

• Novell Inc. (NOVL): the Waltham, MA based software company posted on Thursday posted disappointing first quarter result and second quarter warning which send the stock down 17% to $7.9 per share. The stock was the eleventh most heaviest traded on Nasdaq with 36.8 million shares.
• SFB International Inc. (SFCC): shares of Miami, Florida based drug development service provider plunged 16.06% or $3.58 to $18.71 per share as the company delayed earning result and withdrew 2006 outlook. The stock was the third leading loser on Nasdaq with 9 million shares.

Stock on the Move - March 2

Stocks Rise on Heavy Volumn:

• Matrixone Inc. (MONE): shares of Westford, MA based product lifecycle management solution and service provider soared 18.8% or $1.13 to new 52 weeks high of $7.14 per share as the company is to be acquired by Dassault System(DASTY) for $408 million. More than 30 times average volumn of 8.7 million shares have traded after the announcement.
• JDS Uniphase (JDSU): the San Jose, CA based JDS Uniphase bacame the heaviest traded on Nasdaq today with 141.8 million shares traded. Shares of the fiber optic network equipment maker surged 10.09% or 32 cents to $3.49 as another network equipment maker Ciena(CIEN) rose 6.67% after posting narrower first quarter loss.

Stocks Drop on Heavy Volumn:

• Quanta Capital Holdings Ltd. (QNTA): massive selling of the Hamilton, HM based Quanta Capital Holding send shares down 40.17% or to new 52 weeks low of $2.83. The insurance company is expecting net loss for the fourth quarter to be in the range of $40 million to $45 million on soaring expenses from Hurricanes Katrina, Rita and Wilma. About 13 times average volumn of 6.7 million shares have traded.
• Nastech Pharmaceutical Co. Inc. (NSTK): shares of Bothell, Washington based pharmaceutical company plunged 37.32% or $8.59 to $14.43 per share as the company's nasal spray was rejected by Merck(MRK) on disappointing test result. The stock is the second biggest loser on Nasdaq while Quanta Capital is the leading loser with 40% loss

Stock on the Move - March 1

Stocks Rise on Heavy Volumn:

• Joy Global Inc. (JOY): the stock of the Milwaukee, WI based mining equipment manufacturer is on a joy ride today surging $7.42 or 14.39% to new 52 weeks high of $58.98 per shares today as the company's first quarter profit soared to 48 cents per share versus 18 cents per share in the same quarter of previous year. About four times average volumn of 6.6 million shares have exchanged hands.
• American Eagle Outfitters Inc. (AEOS): shares of Warrendale, PA based casual clothing retailer rose 13.51% to $28.91 per share as the company reported strong fourth quarter result as the profit rose 7% on higher sales. The stock is the tenth leading gainer on Nasdaq with 10.9 million shares traded.

Stocks Drop on Heavy Volumn:

• Cogent Inc. (COGT): shares of South Pasadena, CA based fingerprint biometrics solutions provider tumbled 16.77% or $3.9 to new 52 weeks low of $19.36 per share on negative outlook and analysts downgrade despite record fourth quarter profit. More than nine times average volumn of 6.7 million shares have exchanged hands as the stock became the third biggest loser on Nasdaq.
• Pacific Sunwear of California Inc. (PSUN): the Anaheim, California based casual apparel retailer today reported fourth quarter earning in line with analysts estimates. However the stock dropped 7.9% to $21.93 on analysts downgrades as the company also issued cautious guidance for the first quarter. 13 million shares have traded, almost 10 times average volumn.