Wednesday, May 21, 2014

5/21/2014 Lunch Update

The sector is trading mostly flat in conjunction with the Russell 2000.  While the broader markets have been strong all morning it is not flowing down to the IP sector.

EONC is trading down 7.5% on lighter than recent volume, likely due to the trading groups slowing down.

PRKR continues to be weak after the recent seekingalpha article, but volume looks to have died down.

SPEX is trying to gain traction after the recent twitter trading group takeover.  I am hopeful a considerable amount of convertible note supply was taken out.  Shares are down 4% on close to 1M shares.

Everything else appears to be low volume fluctuations without much news flow.

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