Honor Roll Stocks: $PIII, $MHJ and $RAS
February 19th, 2010 at 4:58 pm Posted by
Here are The Dean’s Honor Roll Stocks of the Day:
$PIII
PECO II, Inc. (NASDAQ: PIII) designs, manufactures, and markets communications power systems and equipment for the communications industry primarily in North America. After market close Thursday, $PIII announced the signing of a definitive agreement with Lineage Power Holdings, Inc., where Lineage will acquire all of the outstanding shares of $PIII for $5.86 per share in cash. As a result, $PIII moved up 45.3% in pre-market trading, and closed the day strong up 43.86% in the green.
$MHJ
Man Sang International Limited (AMEX: MHJ), through its subsidiaries, engages in the purchase, process, assembly, merchandise, and wholesale distribution of pearls, pearl jewelry products, and jewelry products primarily in Hong Kong. Early this morning, $MHJ announced that the company and its wholly owned subsidiary, Creative Gains Limited, have entered into a definitive merger with China Metro. Today, $MHJ traded 68 times its 3 month average volume, moving into green territory by as much as 88.5%, before simmering down to a cool 37.5% gain.
$RAS
RAIT Financial Trust (NYSE: RAS) operates as a self-managed and self-advised real estate investment trust (REIT) in the United States and Europe. This morning, $RAS announced $15.6 million in net income for Q4 2009. Today, $RAS traded over 8 million shares and closed up 36.36% in the green.
And let’s not forget about The Dean’s Dunce of the Day:
$CCON
As many penny stocks that claim the unfortunate Dunce title, CoConnect, Inc. (OTC: CCON.OB) has no significant operations. $CCON‘s daily and 3 month average volumes are so low that neither Yahoo or Google Finance list them. Today, trading a mere 100 shares, $CCON plummeted 70.30%.
