Pre Market Trading Indications

Gapping down in reaction to disappointing earnings/guidance: SNCR -46.0% (also downgraded to Market Weight at Weisel and downgraded to Hold at Needham), PRXI -12.2%, ASYT -9.1%, JKHY -9.1%, PRA -8.6%, THQI -6.6%, PNM -6.5% (also downgraded to Underperform at Wachovia), HK -6.4% (also announces $500 million offering of senior notes and announces public offering of 21,000,000 shares of common stock ), UTI -5.7%, CTSH -5.2%, MFB -5.1%, EXP -4.9%, OSUR -4.9%, CELL -4.9%, RFMD -4.3% (also announces strategic restructuring), HAR -4.0%, BIDZ -3.8%, CUTR -3.6%, GSX -3.2%, POL -3.0%, SAM -2.9%, AEG -2.5%, UPL -2.3%, TOT -2.1%, VCLK -2.1%, NILE -2.0%...

Select Chinese names trading lower following weakness in overseas trading (Hang Seng closed -2.5%; Shanghai Composite closed -4.1%): SNP -4.0%, LFC -3.7%, ACH -3.7%, CHL -3.1%, CN -1.2%...

Other news: PAA -2.4% (announces offering of common units), ITRI -2.1% (announces sale of 3.4 million shares of common stock at $94.47), BZH -2.1% (discloses in 8-k that it received a default notice from The Bank of New York Trust Company National Association), UBS -1.8% (still checking), CEPH -1.7% (announces FDA advisory committee recommendation against approval of an expanded label for FENTORA), BHP -1.5% (still checking)...


Analyst downgrades: GGC -10.9% (downgraded to Sell at Citigroup), PTR -5.6% (downgraded to Underweight at JPMorgan), IPHS -4.7% (downgraded to Neutral from Outperform at Credit Suisse), BYD -3.5% (initiated with Sell at BofA), CTRP -3.2% (downgraded to Neutral at Piper), SOHU -2.7% (downgraded to Hold at Deutsche Bank), IAR -2.5% (downgraded to Equal Weight at Lehman), NITE -2.4% (downgraded to Equal Weight at Lehman), FTEK -1.3% (downgraded to Equal Weight at Morgan Stanley), KOF -1.1% (downgraded to Equal Weight at Morgan Stanley).

Gapping up:

UTSI +19.0%, MFLX +17.9%, CLWR +14.8%, SVR +13.7%, OPTV +11.6%, ONNN +10.4%, KOPN +10.0%, CHRD +7.9%, S +7.7%, GMXR +6.1%, AFN +4.2%, LXU +3.7%, EP +3.7%, DIS +2.8%, MBI +2.8%, XTO +1.8%, APC +1.3%...

Gapping down:

SNCR -43.2%, CTSH -7.4%, THQI -6.6%, CELL -6.4%, HK -6.1%, BZH -5.4%, EXP -4.9%, OSUR -4.9%, RFMD -4.3%, HAR -4.0%, BIDZ -3.8%, CUTR -3.6%, PAA -2.7%, ITRI -2.4%, VCLK -2.1%, NILE -2.0%, CEPH -1.7%.