Samson Oil & Gas Limited (SSN)] - Halted, News Pending - T-1 Halt which means material news is going to be released and the stock won't reopen until that news is released. As a long term investor, I hope it is some kind of capital raise or a joint venture. This could also be some kind of asset sale such as their Niobrara Formation assets. Capital Raises don't usually get a trading halt. This is why I am leaning more toward a buyout or an asset sale which would both be positive for the share price. A capital raise will put short term pressure on the stock but will be great for the long term.
Dendreon Corp (DNDN) - Shares of Dendreon Corp were halted after the company received FDA Approval for It's prostate cancer drug. Dendreon stock will be active over the next few days so keep an eye on it.
Dearborn Bancorp Inc. (DEAR) - Shares of Dearborn Bancorp Inc. continue to be very volatile and a stock worth watching. I plan to buy DEAR the next time it breaks up through It's high of the day.
RAIT Financial Trust (RAS) - Shares of RAIT Financial Trust hit a new 52 week high on heavy volume Thursday. Resistance is located at $4.18 and then $5.00.
Sirius XM Radio (SIRI) - Shares of Sirius XM Radio are starting to heat up again and are worth watching. As I have been saying, I think this stock can trade around $1.25-$1.30 during the next four weeks.
Huntington Bancshares Inc. (HBAN) - Shares of Huntington Bancshares Inc. have formed a short term double bottom located at $6.56. A close below this level would be bearish and I think you could see HBAN trade between $6.00-$6.20 which would be a buy. No resistance until $7.40 and then $8.00.
April 30, 2010, 10:01 a.m. EDT S&P downgrades Goldman Sachs to sell NEW YORK (MarketWatch) -- Analysts at Standard & Poor's on Friday downgraded shares of Goldman Sachs (GS 149.00, -11.24, -7.01%) to sell from hold and trimmed their price target for Wall Street's mostprofitable investment bank to $140 from $180. The rating agency cited aWall Street Journal report that said the company is now the target of afederal criminal probe into its mortgage dealings as the reason for thedowngrade.