Preview July 2

• The interest rate on a 30-year-fixed mortgage loan hit a new record low this week. 
•  U.S. bonds in favor as inflation fears subside.
• U.S. stocks finished Thursday's volatile session well off earlier lows but still in the red after reports on joblessness, manufacturing, and housing fueled concern about the economy ahead of the key monthly employment report Friday.

1. Wilshire Bancorp (WIBC:$8.55,00$-0.20,00-2.29%) was down sharply in after-hours trade after the company said it expects to record a Q2 loss primarily related to an elevated provision for loan losses and an increase in net loan charge-offs. The company approved the temporary suspension of its quarterly dividend as well.
• 8.55 to 6.70 ah's range.
2. Dell (DELL:$12.03,00$-0.03,00-0.25%) closed the regular session down 0.3%, reversing a 1.6% gain recorded in pre-market trade after UBS raised the stock to Neutral.
• 12.02 to 12.08, pretty flat ah's range.
3. Frontier Communications Corporation (FTR:$7.69,00$0.58,008.16%) today announced that it has completed its acquisition of Verizon Communications’ (VZ:...) local wireline operations in 14 states.
• up 3.5% in After-Hours, Adding to 8% Regular Session Gain    
• 7.28 to 8.11 ah's range  
4. Expedia (EXPE:$18.98,00$0.20,001.06%) was one of several potential buyers rumored to be interested in buying ITA. Down 4% in After-Hours in Wake of Google Deal to Buy ITA Software.
• 18.98 to 18.05
5. Molecular diagnostics company Cepheid (CPHD:$15.56,00$-0.46,00-2.87%) said it issued a warning that its blood culture testing product, Xpert MRSA/SA BC, should not be relied upon in ruling out the presence of a type of hard-to-fight bacteria and is initiating a recall of all lots of Xpert MRSA/SA BC (blood culture) product.
• 15.56 to 14.99
6. Novell Inc. (NOVL:$5.82,00$0.14,002.46%), had a hell of a day longing this stock with 3k shares and then shorting it with 3k shares, pulled in maybe $600+ off of it and I could of got more, but was just taking small gains, as they add up. 
• 5.82 to 5.68, this stock dropped again after hours lower than the LOD, not many shares filled at that price.
7.  Blockbuster (BBI:$0.2313,00-$0.0068,00-2.68%) announced that it has entered into a Forbearance Agreement with certain of its senior secured noteholders.
• Stock has been halted after hours. I own this stock for voting purposes because I live in Dallas, Texas where the company is headquartered. I own 100 shares @ $0.30cents a share. 
• Shares will be suspended and delisted by the New York Stock Exchange next Wednesday, after the troubled video-rental chain failed to address its lack of compliance with NYSE listing standards.
8. A U.S. House panel on Thursday voted to remove a cap on damages that BP PLC (BP:$29.39,00$0.51,001.77%) and other oil companies must pay for spills like the one in the Gulf of Mexico, as part of the first broad legislative effort to respond to the ongoing disaster.
• Seems like this is bad news, they removed a cap meaning that 75mil isn't going to be the largest amount they have to pay, which, imo, would drag this stock lower.
9.  Amazon (AMZN:$110.96,00$1.70,001.56%), Barnes & Noble (BKS:$13.29,00$0.39,003.02%), and (AAPL:$248.48) are in a battle for the E-Reader universe. Amazon has the Kindle, B&N has the Nook and Apple the IPad, they are in a fight for this section of the world as many other start up companies are now never seeing the light of day when it comes to these devices.
10. Spanish banks Banco Bilbao Vizcaya Argentaria (BBVA:$10.81,00$0.52,005.05%) and Banco Santander S.A. (STD:$11.07,00$0.57,005.43%) led the sector, finishing up 5.1% to $10.81 and 5.4% to $11.07, respectively
• European banking stocks rebounded after falling early in response to warnings of a downgrade to Spain's credit rating. Moody's Investors Service late Wednesday said it might cut the country's maximum "Aaa" credit rating.
11.  Orient Paper Inc (ONP:$5.0900,$-1.5900,-23.80%) closed down a ton, but in after hours it hit 6.09, a whole dollar up from its close.
12. Lions Gate Entertainment Corp (LGF:$7.15,00-$0.17,002.44%) rose to $7.14 at 3:03 PM ET on July 01, 2010 in heavy volume of 5,383,466 shares.
• Anytime this stock drops below $7, which is where Carl Icahn bot 16 million shares at, I'd recommend buying it and waiting till it pops through. 
13. Uranium Resources, Inc. (URRE:$0.388,0$-0.009,0-2.27%) (“URI”) announced today The NASDAQ Stock Market, LLC has approved URI’s application to transfer its stock listing to The NASDAQ Capital Market. The transfer will be effective at the opening of the market on Friday, July 2, 2010. The Company’s stock symbol “URRE” will not change as a result of the transfer and it has no impact on the ability of investors to trade the stock. The NASDAQ Capital Market is a continuous trading market that operates in the same manner as The NASDAQ Global Market, and it includes the securities of approximately 450 companies. All companies listed on The NASDAQ Capital Market must meet certain financial requirements and adhere to NASDAQ’s corporate governance standards.
14.  Las Vegas Sands Corp. (LVS) as I said last night in scan… I was anticipating and hoping for a washout to buy the dip… followed by a bullish candle… well it ended just short of a bullish candle but the idea and profits were there. My first trade this morning was the washout on it for $800+ first trade of the day. It’s on watch tomorrow for the same thing $22 will be a pivot point. Brought to you by Investors Underground
    
    
15. Origin Agritech Limited (SEED) just another congrats to everyone who knows I’ve called this for the short swing trade for the past month literally every day… it panned out PERFECTLY. I’m all cash on it like I said but .. continues to march downward. I covered it yesterday - It’s nearing a double bottom if the market spikes this will too, it tends to bounce with it - that’s why its on my radar still… and still a piece of sh*t