Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

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Monday, October 16, 2006

Most Actives Review of the Under $5 Stocks (Oct. 16, 2006)

In an up to mixed market today, the horsemen stocks are still leading the most actives compared to the low priced most active names. This is the lull before the earnings storm, and you can expect the actives of the Horsemen to lead interest as they report earnings. When we see earnings from the second tier and lower priced shares, they will likely lead the volume. The lower priced more actives are not even 10% of NASDAQ volume.

Sun Micro (SUNW) was lucky enough to avoid mayhem today after Credit Suisse assigned an Underweight rating and a $3.75 target.

Sirius (SIRI) has also been quiet considering that they are giving away Stern for free for two days next week.

PMC-Sierra (PMCS) is also up big on light volume.

Intel (INTC) had been up even more after positive market share comments came out of some Intel engineers in Asia.

Microsoft (MSFT) had also been higher after delivering Windows Vista source code to web security firms and after Merrill Lynch raised its price target to $33 based on strong Windows Vista demand.

We may also be seeing a slight shift away from some of the sun-$5.00 names as companies liek CMGI (CMGI) have started getting more and more interest all of a sudden. We'll review this list of names in the coming days and next week and make adjustments as necessary.

Ticker Price Change Volume
FNSR $ 3.99 $ 0.21 16,335,735
JDSU $ 2.11 $ (0.02) 16,515,770
LVLT $ 5.27 $ 0.02 9,626,873
SIRI $ 3.86 $ (0.02) 10,773,135
SUNW $ 5.23 $ 0.05 29,465,554
PMCS $ 6.94 $ 0.28 5,109,008
CNXT $ 2.02 $ 0.09 11,545,440
CHTR $ 1.71 $ (0.01) 1,640,645
Total

101,012,160




NASDAQ 2,361.93 4.64 1,196,735,000




Ticker Price Change Volume
INTC $ 21.70 $ 0.10 52,375,024
MSFT $ 28.35 $ (0.02) 26,423,616
CSCO $ 24.64 $ 0.11 20,905,480
AAPL $ 75.30 $ 0.28 9,760,270
ORCL $ 19.04 $ (0.03) 14,699,231
Total

124,163,621


Jon C. Ogg
October 16, 2006
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