Stocks On The Move - November 7

Stocks Rise on Heavy Volumn:

• Siga Technologies Inc.(SIGA): shares of New York based biological warfare defense drug maker soared 27.46% to $4.27 per share. The technical chart shows the stock is in a very strong market with 50 day moving average rising above 200 day moving average. The stock was the third leading gainer on Nasdaq today with 6.7 million shares exchagned hands.

Stock Drop on Heavy Volumn:

• Technical Olympic USA Inc. (TOA): shares of Hollywood, Florida based residential houses builder plunged 35.13% to $7 per share on disputes with lender and delay of third quarter 10-Q filing. The stock was the worst performer on NYSE today with 13.19 million shares traded.
• Nortel Networks Corp. (NT): shares of Brampton, Canada based network equipments and solutions provider tumbled 10.88% or 26 cents to $2.13 per share after the company reported its third quarter earning and also annouced a 10 for 1 reverse stock split to consolidate outstanding shares. The stock was the fifth leading decliner and the heaviest traded on NYSE today with 83.48 million shares exchanged hands.