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NASDAQ (New York) Market Overview

Year: 2012 Week: 13

Week 13 turned out to be pretty volatile which should have caused headache to investors. The week started

with all three major indexes growing steadily and robustly, reaching their peaks at the end of Tuesday with

NASDAQ Composite (IXIC) growing most rapidly. However, indexes growth slowed down on Wednesday

and Dow Jones Industrial Average Index (DJI) reached the negative growth territory in the second part of the day, while S&P 500 (INX) was pretty close as well. Only at the end of the day indexes rebounded

modestly. Thursday started with U.S. labor market news and Ben Bernanke‟s speech about weak economic

growth in U.S., which undercut optimism in the stock market.

However, at the end of the day investors‟ mood changed after jobs data revision and indexes started

growing. Stock prices were maintained throughout Friday with the help of U.S. economic data which

showed U.S. consumer spending and sentiment rising. Week ended with all three indexes indicating growth:

Dow Jones Industrial Average Index (DJI) grew by 1.00%, S&P 500 (INX) grew by 0.81% and even

though NASDAQ Composite (IXIC) was growing most rapidly during the whole week, the index finished

the week growing by only 0.77%.

NASDAQ Composite index (IXIC), Dow Jones Industrial Average index (DJI) and S&P 500 index (INX) change during week 13. Source:

google.com/finance 

NASDAQ Composite (IXIC) started the week with 3,067.92 points and finished with 3,091.57 points. The

index started week 13 growing robustly and above other 2 major indexes, but slowed down and finished the

week with slowest growth, although there is a minor difference in the growth rates among all mentioned

indexes. Weekly volume in NASDAQ Composite (IXIC) was 277,001,988,851 USD.

The biggest winner of this week is Princeton National Bancorp (PNBC) with its outstanding performance,

which resulted in 126.38% growth. Tennessee Commerce Bancorp Inc. (TNCC) and Amylin

Pharmaceuticals, Inc. (AMLN) showed impressive results as well resulting in 100.00% and 60.82% 

growth respectively.

This week was very unfortunate for Princeton Review Inc. (REVU), Dialogic Inc. (DLGC) and GLG Life

Tech Corp (GLGL) that saw their share price decrease by 48.29%, 36.02% and 31.19% respectively.

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The largest 126.38% price change during the week was achieved by Princeton National Bancorp Inc.

(PNBC) a single-bank holding company which provides commercial banking and trust services. No

significant price fluctuations were observed until Thursday morning when sudden trading activity took over

the trend. Presumably, the hearsay about unaudited first quarter results (Q1) was one of the main reasons

that induced a greater interest in the stock, which was considered to be undervalued for the last three months.

Speculations quickly drove the price upwards, making a huge 2.09 USD leap in two days and closing at 3.69

USD on Friday. On the same day after the official market hours have ended Princeton National Bancorp

released its 2011 results. Unfortunately, the performance was worse in comparison with the year 2010,

making a slight net loss. Having said this, a correction in stock price is expected to occur in the nearest

future.

Princeton National Bancorp Inc. (PNBC) index change during week 13; Source: google.com/finance 

The second largest winner of the week  Tennessee Commerce Bancorp Inc. (TNCC) reached a 100%

growth in share price, although the explanation for it is a bit tricky. A 1000 shares transaction occurred at the

very end of Friday„s trading session which increased the price from 0.005 to 0.020 USD. Seemingly, such an

action was driven by speculative motives; therefore, future„s projections are very obscure and indefinite.  

Third outstanding winner of the weak is Amylin Pharmaceuticals Inc. (AMLN), a biopharmaceutical

company discovering, developing and commercializing medicines, such as diabetes and other metabolic

diseases. During the week 13 company„s share price has grown significantly from 15.52USD to 24.96USD,

which is an increase of 60.82%. AMLN share price had been gradually declining for few weeks in the row.

The same thing had been happening on Monday and Tuesday till the breaking news pop-up. On 28 March

Amylin Pharmaceuticals rejected 3.5USD billion offer of selling the company to Bristol-Myers Squibb Co.

(BMY). Afterwards, the Deutsche Bank analysts also notified that the share price could be worth even

31USD. So, confidence of the company and positive forecast of analysts engaged investors to buy stocks and

the price suddenly increased by 62% on the same day. It is highly possible that in the future trend will be

supported by the last 3 days growth and knowing predictions of analysts‟ will e ven strengthen this rise.

Thus, investors should think of acquiring AMLN stocks.

Amylin Pharmaceuticals Inc. (AMLN) index change during week 13; Source: google.com/finance 

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The worst performer of the week is Princeton Review Inc. (REVU) with a 48.29% decrease in the share

price. The provider of in-person, online and print education products and services has announced that

company entered into an Asset Purchase Agreement with an affiliate of Charlesbank Capital Partners on the

29th

of March. Substantially all of the assets of the Company's Higher Education Readiness Division (the

"HER Division"), including the name and brand of The Princeton Review, is being sold for a buyer.

Furthermore, Princeton Review Inc. received a notification from The NASDAQ Stock Market LLC

("NASDAQ") stating that the company's common stock would be delisted from The NASDAQ Capital

Market effective at the open of the market on April 3, 2012, unless the Company appeals NASDAQ's

determination. Since the latter option in not very realistic, investors were rushing to dispose of Princeton

Review Inc. shares. To conclude, projections of the future performance are not necessary anymore, so all

what is left is to say “farewell”. 

The second worst performer of the week is Dialogic Inc. (DLGC) with a 36.02% decrease in share price.

Funny enough, last week the same company was the first largest winner (86.30 % increase in the share

price). Apparently, successful performance of the company (announcement of 2011 financial reports where

total revenues increased significantly, achieving the highest non-GAAP Gross Margins and EBITDA in the

company‟s history) was outweighed by investors‟ willingness to take the profits; therefore, gradual

correction followed by relatively small volumes occurred in the market. It is very likely that company„s  

share price will be fluctuating around the current 0.87USD level (as in the last two trading days) in the

nearest future, since market itself developed a new support line which is not likely to change until new

product launches or financial announcements.

Princeton Review Inc. (REVU) index change during week 13; Source: google.com/finance 

Dialogic Inc. (DLGC) index change during week 13; Source: google.com/finance 

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Week 13 finished with stock market growing modestly. While the growth might cheer investors up, the

volatility in the market creates uncertainty about whether the market will grow or turn downwards next

week. Swings in share prices could well be explained by fundamental factors, such as U.S. labor market data

and other economic indicators. It is uncertain whether stock market will maintain its momentum, but it is

sure that the trend of the market will strongly depend on economic data not only in U.S. but in other parts of 

the World as well.