Pre Market Gap Up and Down

Gapping up:

VG +6.6%, TWTI +6.5%, GLD +2.3%, TUP +1.3%...

Gapping down:

BSC -88.7%, LEH -33.7%, WM -14.6%, MER -12.7%, SI -12.3%, C -11.9%, GS -10.7%, WB -9.5%, UBS -7.4%, MS -6.4%, CVTX -6.3%, AMTD -5.5%, ETFC -5.0%, DB -4.7%, BAC -4.7%, CS -4.6%, ASTI -2.4%.

Gapping up in reaction to strong earnings/guidance: HNR +3.8%, RAMR +3.5%, PMI +1.8%... M&A news: DMX +22.1% (receives tender offer to be acquired for $5.40/share by Walgreen's), BLOG +14.4% (BMC Software to Purchase BladeLogic for $28/share in cash), JPM +1.5% (to acquire BSC for $2/share, also ratings affirmed by Moody's and S&P)... Select gold stocks showing strength on higher spot prices: AUY +4.2%, GFI +2.6%, KGC +2.5%, GLD +2.3%, ABX +1.1%... Other news: CRME +29.8% (announces positive interim Ph. 2b results for oral vernakalant and engages Merrill Lynch as strategic advisor), TWTI +6.5% (Third Wave's InPlex CF Molecular Test receives FDA clearance), TUP +1.3% (Cramer makes positive comments on MadMoney)... Analyst upgrades: NAT +1.9% (upgraded to Neutral at JPMorgan).