MEMC Electronic Materials Soars On Takeover Speculation

Last week, I noted heavy call activity in MEMC Electronic Materials (WFR) that was notable enough to lure me into buying. Today, WFR continued its impressive recovery from an earnings warning with an 8% one-day pop giving it a 17% run since the close following warning. Briefing.com attributed today’s trading to takeover speculation. Whatever the … Read more

Coventry Health Succumbs to Heavy Selling Pressure

Every now and then, high options volume does precede unique stock activity (my own analysis concluded that high options volume is at best a signal to trade with the prevailing trend). Yesterday, Coventry Health (CVH) (a managed healthcare company) succumbed to heavy selling pressure and dropped 7% one day after briefing.com reported unusual options activity … Read more

MEMC Electronic Materials Quickly Recovers from Earnings Warning

Two days ago, MEMC Electronic Materials (WFR) issued a late earnings warning stating that it “…experienced a disruption in production at its polysilicon facility in Pasadena, Texas due to an equipment failure on August 7, 2009, requiring a large portion of the facility to be shut-down…The lost production and related costs are expected to negatively … Read more