Aastrom Biosciences (ASTM) Pops on Black Friday

Aastrom Bioscience (ASTM) closed on Black Friday (02013.11.29) at $4.35, up 27.57% for the day. Intra-day high was $4.50. 52-week range: $3.16 - $86.00.

ASTM isn't a penny stock these days thanks to a 1:20 stock split on 02013.10.16. Almost four years ago ASTM split 1:8.

Amazon.com (AMZN) Nearing $400

Amazon.com (AMZN) made a new all-time high of $387.00 today (02013.11.27) before closing at $386.60. It will be interesting to see if AMZN hits $400 before 02013 comes to an end. At its current price AMZN's PSR (Price Sales Ratio) is at 2.49 and I consider that low.

[update::02013.12.04] AMZN hit $399.00 on 02013.12.02.

NASDAQ Hits 4,000

NASDAQ composite index opened yesterday (02013.11.25) at 4,004.37; hit an intra-day high of 4,007.09; and closed at 3,994.57. It was the first time the NASDAQ was above 4,000 since September 02000. Even at 4000, the NASDAQ is still well below its all-time high of 5,132.52 (intra-day high on 10 March 02000). I liked the following quote.

"It's taken 13 years to get back. It just shows the magnitude of that bubble we expanded back in 1999 and 2000." -- Jack Ablin of BMO Private Bank

Illumina (ILMN) Nearing 1-Hecto-Dollar ($100)

Illumina (ILMN) is nearing 1-hecto-dollar ($100). Yesterday (02013.11.21) ILMN hit a new 52-week high of $99.70 before closing at $98.85. For ILMN every new 52-week high is also a new all-time high.

[update::02013.11.23] ILMN's intra-day high yesterday was exactly 1-hecto-dollar ($100.00).

Spire (SPIR) Remains Open For Business

Spire (SPIR) reported 3Q'13 results after the market closed on 02013.11.19. SPIR closed on the 19th at $0.61. The day SPIR opened down a penny, but hit an intra-day high of $0.65 before closing down a penny at $0.60. Yesterday (02013.11.21), SPIR opened down four pennies (down 6.67%) and stayed there for the entire day.

Spire issued a press release yesterday having the following headline: Spire Installs Turn-key PV Module Line in Partnership with an Eastern European Company. According to Spire's CEO Roger Little: There is a great deal of demand for solar in this region... I hoping Roger isn't bullshitting us.

SPIR closed yesterday (02013.11.21) at $0.56. Volume was only 1,901 (vs. 12,588). 52-week range: $0.11 - $0.99.

Yahoo! (YHOO) Increases Share Buyback Program

Yahoo! (YHOO) announced it has increased its share buyback authorization by $5.0 billion. In addition, Yahoo! announced the issuance of $1 billion in convertible debt.

YHOO closed yesterday (02013.11.19) at $34.63. 52-week range: $18.20 - $36.19. In early morning trading today YHOO spiked to $35.82.

[update::02013.11.21] YHOO hit a new 52-week high yesterday (02013.11.20) of $36.22 before closing at $35.62. After the close Yahoo! announced "Pricing of Upsized Offering of $1.25 Billion Convertible Senior Notes Due 2018."

NeuroMetrix (NURO) Spikes Up Again on Heavy Volume--Why?

NeuroMetrix (NURO) continues to trade in a way that I don't understand. On 02013.11.07 (one week ago) I had a posting titled: "NeuroMetrix (NURO) Spikes Up on Heavy Volume--Why?".

Here is a summary of NURO's November prices. 02013.11.01 NURO closed at $1.53. 02013.11.06 NURO closed at $1.91. 02013.11.07 NURO close at $2.41 after hitting an intra-day high of $3.09 (volume was 9.55 million). 02013.11.08 NURO closed at $1.98. 02013.11.11 NURO closed at $1.83. 02013.11.12 NURO closed at $2.24.

Yesterday, 02013.11.13, NURO closed at $2.79. Volume was 4.42 million versus 0.33 million.

Today, 02013.11.14, pre-market (which means nothing to me), NURO is at $3.45 (up 16+%). 52-week range: $1.47 - $3.66.

[02013.11.14] NURO opened this morning at $3.04, spiked to an intra-day high of $3.09, and closed at $2.61 (down ~6.5%). Volume was 5.34 million vs. 0.33 million.