Pre Market Trading Indications

Gapping down in reaction to strong earnings/guidance: ATSI +23.3%, ANGO +12.6%, XIN +8.3%, TMWD +6.9%, SCHN +4.7%, RBN +4.1%, MU +4.1% (upgraded to Neutral at tier 1 firm), , RPM +3.7%, SYT +3.7%, RIMM +3.3%, STZ +2.8%...

Other news: CBLI +11.6% (says DoD awards it a contract to develop Protectan CBLB502; shall not exceed $8.9 mln in development funding), LDK +7.4% (signs a ten-year wafer supply agreement with Moser Baer Photo Voltaic), DNDN +7.3% (announces $47 mln registered direct offering), CVP +7.2% (modestly rebounding after yesterday's 50%+drop), VCGH +5.7% (Donald Prosser has been named interim Chief Financial and Accounting Officer), MEDX +4.8% (announces Ipilimumab program continues to move forward; previously-stated guidance remains unchanged), CCU +4.5% (Federal judge orders CCU case back to state court - Bloomberg), BLX +3.5% (still checking), MRVL +2.8% (up in sympathy with RIMM and MU), CPST +2.5% (announced that it received a $2.6 mln follow-on order from its Switzerland-based distributor for its C200 MicroTurbine systems), TASR +2.4% (Sports Authority to carry TASER C2 personal protectors), ACI +2.2% (Cramer makes positive comments on MadMoney), SGP +1.7% (announces productivity transformation program; looking to generate $1.5B of annual savings)...

Analyst upgrades: NCC +4.7% (upgraded to Outperform at Bear Sterns and upgraded to Equal Wt at Morgan Stanley), EBAY +3.0% (upgraded to Buy at Merrill), SPP +1.9% (upgraded to Outperform at Credit Suisse), PTEC +1.3% (upgraded to Buy at Roth Capital), LULU +1.2% (upgraded to Overwt at Weisel), MGLN +1.2% (upgraded to Buy at tier 1 firm), MRO +1.1% (upgraded to Outperform at Oppenheimer).