Honor Roll Stocks: $GLOB, $CRXX and $LTS
February 1st, 2010 at 4:47 pm Posted by
Here are The Dean’s Honor Roll Stocks of the Day:
$GLOB
Global Med Technologies, Inc. (OTC: GLOB.OB) designs, develops, markets, and supports information management software products for blood banks, hospitals, centralized transfusion centers, and other health care related facilities. This morning, Haemonetics Corporation (NYSE: HAE) and $GLOB announced a definitive agreement under which Haemonetics will acquire Global Med for approximately $60 million in a cash tender offer. With this exciting news, $GLOB traded 13,044,472 shares—443 times its 3 month trading volume—for a generous gain of 62.16% on the day.
$CRXX
CombinatoRx, Incorporated (NASDAQ: CRXX) is a biopharmaceutical company focused on discovering, developing, and outlicensing synergistic combination pharmaceuticals. On December 22nd, $CRXX completed a merger with Neuromed Pharmaceuticals. Sources such as InvestorSoup.com and PicksThatMove.com have alerted $CRXX because the New Drug Application for Neuromed’s Exalgo, a pain management drug, is currently being reviewed by the FDA, with the company expecting an answer on February 22nd. Seemingly as a result of this press release issued around midday, $CRXX traded more than 3.2 million shares and closed up 26.17% today.
$LTS
Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) provides investment banking, equity research, institutional sales and trading, independent brokerage, advisory, and asset management services in the United States. Late last week, Worldwide Energy and Manufacturing USA, Inc. (OTC: WEMU.OB) entered into definitive agreements with institutional and accredited investors to raise funds in a private placement of restricted common stock and warrants, which will generate gross proceeds of approximately $8 million and $LTS “acted as the exclusive placement agent for the transaction.” This morning, Liberty Analytics Co. initiated independent research on $LTS and the stock traded nearly 16 times its 3 month average volume. With this excitement, $LTS moved as high as $1.08, before closing at $1.03, 21.19% in the green.
And although this Dunce may have made shareholders sick to their stomachs, they certainly weren’t seeing any green today:
$TADF
Tactical Air Defense Services, Inc. (OTC: TADF.OB) provides air combat training, mid-air refueling, ground-threat support, aerial fire-fighting, and specialty aerial services to the United States and foreign militaries, and other federal and state agencies. Although $TADF holds a license with the United States Bureau of Alcohol, Tobacco, and Firearms (ATF), The Dean thinks the company’s progress is very much like it’s website, “under construction.”
you taking credit for GLOB now?
come on Dean, give it a rest.
that stock’s been held down by
VC’s and insiders for the buyout.
few made money trading it here.