Vivus (VVUS): 4 pre market upgrades. VIVUS jumps after FDA panel vote, resistance at $21.61, last
seen in 1997 Sympathy Symbols: Orexigan (OREX), Arena (ARNA).
Arena Pharmaceuticals (ARNA) is on lows pre open .30c off highs. VVUS trading pre market in the middle of its range. Should have good intra day range and liquidity.
Hewlett-Packard (HPQ): Decent eps and revenues. Forward going guidance was disappointing. Good liquidity an tradeabilty. Watching to see if a trend forms. Trading on lows pre market during CNBC interview.
Gold (GLD), Silver (SLV): Gold off higher pre market levels, breaking through key resistance on its daily at the bell, watching for trade-able pullbacks
Cobalt International Energy (CIE): 47 million share secondary that I’m hearing is fairly subscribed. Hearing the pricing will be a $1 to $1.50 discount from this early am $30.00 level. Large daily gap comes into play just below the $30.00 level.
By Tim Kelleher
Disclosures: No relevant positions