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Midday Report
January 6, 2011
After an early slip the stock market attempted to recover to the neutral line, but it was met with resistance there. The early gyrations have made for a rather choppy start.
The stock market's underlying action remains generally mixed, but materials stocks have made a nice move higher. The sector, which slipped to an early loss of 0.2%, has since swung to a 0.4% gain. Dow Chemical (DOW 35.12, +0.44) and Monsanto (MON 71.95, +2.82) are leaders in the group. Monsanto posted this morning better-than-expected earnings and reaffirmed its outlook for fiscal 2011.
IFXY - Trade Alert
Up 70.31% in morning trading to $.0109 with 35M shares traded
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Their products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform, incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers. INFRAX SYSTEMS, Inc. (OTC.BB:IFXY - News) announced yesterday afternoon that it has entered into an agreement to acquire Broadband Holdings, Inc., and affiliate companies including Broadband Specialists, Inc., a privately-held, full-service engineering, and design firm. BSI has recently been awarded contracts by The State of Texas, AT&T, and Time Warner Cable, as well as significant wind farm and rural fiber to the home (FTTH) initiatives.
To Read Full Story go to: http://www.pennytrader.com/quotes/IFXY.php
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SOPW - News Alert
Up 47.30% in morning trading to $.545 with 1M shares traded
Solar Power, Inc. is a vertically integrated solar developer; the Company manages its value chain from material sourcing, to manufacturing, through post-installation asset management of its systems, and manufactures its own line of world-class solar modules and balance-of-system products. The Company designs, manufactures and delivers world-class photovoltaic solar systems to its business, government and utility customers. LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers, high purity polysilicon and PV products, and Solar Power, Inc. (“SPI”) (OTCBB:SOPW.ob - News), announced today that LDK Solar agreed to acquire a 70% interest in SPI for approximately $33 million. LDK Solar’s investment provides strategic benefits to both parties. The transaction significantly strengthens SPI’s balance sheet, which will enable the acceleration of the development of its project pipeline, which primarily consists of utility-scale power plants and commercial/industrial distributed generation systems. SPI’s growing development portfolio and pipeline, in turn, should provide LDK Solar with enhanced downstream benefit to its vertical integration model through module supply for large scale projects.
To Read Full Story go to: http://www.pennytrader.com/quotes/SOPW.php
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SLMU - News Alert
Up 38.89% in morning trading to $.25 with 960K shares traded
Salamon Group Inc. is a publicly traded independent "green" energy company with headquarters in Las Vegas, Nevada, USA and research operations in Vancouver, BC, Canada. Salamon was founded with the specific aim to become a leader in the development of patents relating to electricity generation, capture and transmission. Their aim is to partner with existing industry stakeholders to exploit the patent potential through licensing agreements while serving a growing target market with integrity and honesty. Salamon Group Inc., (OTCBB:SLMU - News) yesterday afternoon became aware that beginning with the Company's filing of its annual report on Form 10-K for the fiscal year ended December 31, 2008 filed with the SEC on April 15, 2009 and in all subsequent filings of the Company's interim and year end financial reports to date ("Error Period") , the total authorized capital of the Company was erroneously reported as being Five Hundred (500) million shares of common stock, whereas the total authorized capital of the Company is Fifty (50) million shares of common stock. The correction will be made on all future filings of the Company's financial statements, commencing with the Company's filing of its annual report on Form 10-K for the fiscal year ended December 31, 2010.
To Read Full Story go to: http://www.pennytrader.com/quotes/SLMU.php
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