NASDAQ Stocks Under $5 Posting Largest Gains: (CVBK, NLST, ZANE, RITT, BPHX)
July 7th, 2010 at 2:14 pm Posted by The Dean
The Dean wanted to share some information about these NASDAQ stocks under $5 posting large gains today:
CVBK $1.62 +60.40%
This morning, Central Virginia Bankshares, Inc. (NASDAQ: CVBK) received an upgrade from BB&T Capital Markets. As a result, this NASDAQ stock has traded more than 14 times its 3 month average volume today.
NLST $2.82 +22.60%
Netlist, Inc. (NASDAQ: NLST) designs and manufacturers high-performance, logic-based memory subsystems for the server, computing and communication markets. Today, Netlist, Inc. announced that Dell Inc. (NASDAQ: DELL) has qualified the Company’s 512 megabyte and 1 gigabyte flash memory-based, non-volatile subsytems, known as NetVault NV, to support RAID storage applications on PowerEdge servers and PowerVault Direct attached storage solutions.
ZANE $2.05 +19.19%
Zanett Inc. (NASDAQ: ZANE), a provider of customized information technology solutions, announced the signing of $20.6 million in new business during Q2 2010, making the company’s year-to-date contracts worth $37.7 million.
RITT $2.39 +14.90%
RiT Technologies Ltd. (NASDAQ: RITT) develops intelligent physical layer management solutions for the control, utilization, and maintenance of network infrastructure. A June 29th announcement from the company reported that its cabling system will be deployed together with the “Time To Know” teaching platform in the network of 10 computing classrooms throughout Israel. Additionally, this press release tells us that “hundreds of additional classrooms will be established,” and the SMARTen cabling solution will be deployed in 100 computing classrooms.
BPHX $1.35 +12.50%
BluePhoenix Solutions, Ltd. (NASDAQ: BPHX) is a leading provider of value-driven IT modernization solutions, with a portfolio consisting of a comprehensive suite of tolls and services, from global IT asset management and impact analysis to automated database and application migration, rehosting and renewal. announced it has secured new contracts with a large banking institution in Europe valued at approximately $6.2 million.
Too many borrowers may be unfairly blaming credit scores for their higher-than-expected loan rates or extra credit-card fees, according to a recent working paper.
The real culprit may be your own misunderstanding of how the lending process works, coupled with a failure to conduct adequate research before you apply, suggests the MIT Department of Economics working paper.
The paper, written by a team of Federal Reserve and university researchers led by Sumit Agarwal of the Federal Reserve Bank of Chicago, admits a FICO credit score may determine if you’re offered a loan. But other factors may contribute more heavily to your rate and fees.
More From MarketWatch.com:
Take a home-equity loan or home-equity credit line: The greatest impact on your annual percentage rate is based on the “loan-to-value ratio,” the report said. That’s the percentage of the home’s appraised value that you’re actually borrowing.
Lenders often issue tiered annual percentage rates, based on loan-to-value ratios of 80% or less, 80% to 90% and 90% or more. So if you’re shopping lenders, expect any rate you’re quoted to be based on your home’s loan-to-value ratio.
Too often, the paper indicates, potential borrowers misestimate their home value and find themselves asking lenders the rates for the wrong loan-to-value category. Meanwhile, once you apply for a loan at the higher rate you’re quoted, loan officers often have discretion to give it to you — despite the fact that they typically have access to appraisal information that could place you in the correct loan-to-value ratio category at a lower rate.
Read more in my blog
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