Stock Online TraderBulls & Bears Make Money, Pigs Get Slaughtered…Let Us Not Be That Pig…

Radian Group Inc. (RDN, $5.31, +$1.64, +44.68%) reported Wednesday that lower claims and hedging gains pushed the mortgage insurer to a second-quarter profit. Shares surged and pulled up other mortgage insurers as Radian said it expects mortgage insurance claims for the year to be lower than expected.

MGIC Investment Corp. (MTG, $7.86, +$0.71, +9.93%) and Triad Guaranty Inc. (TGIC, $1.18, +$0.17, +16.82%) also traded higher.

Shares of Inovio Biomedical Corp. (INO, $2.69, +$0.54, +25.12%) surged after the biomedical company announced data overnight showing the effectiveness of its DNA vaccine through electroporation. Inovio uses electroporation in its oncology research to target and kill cancer cells and remove solid tumors while preserving healthy tissue.

American Axle & Manufacturing Holdings Inc.’s (AXL, $2.35, -$0.26, -9.96%) second-quarter loss narrowed sharply despite plunging sales caused by plant shutdowns at General Motors Co., its biggest customer, and Chrysler Group LLC. Shares declined as the company’s results fell short of analysts’ expectations.

ATM operator Cardtronics Inc. (CATM, $5.80, +$1.25, +27.47%) reported second-quarter results that topped analysts’ estimates and significantly boosted its guidance for the year.

Fortress Investment Group LLC’s (FIG, $4.40, +$0.10, +2.33%) second-quarter loss narrowed despite declines in assets under management and management fees as revenue beat analysts’ views.

Georgia Gulf Corp. (GGC, $37.89, +$5.69, +17.67%) shares continued their recent sharp gains as the company reported it swung to a second-quarter loss. The company said it has $112 million of liquidity at the end of the quarter.

Idenix Pharmaceuticals Inc. (IDIX, $3.16, -$0.53, -14.36%) priced its offering of 7.25 million shares at a 15% discount to Tuesday’s closing price.

Orbitz Worldwide Inc. (OWW, $4.54, +$0.81, +21.72%) swung to an unexpected second-quarter profit amid lower restructuring-related charges and customer-service, marketing and overhead costs.

SciClone Pharmaceuticals Inc. (SCLN, $4.41, +$1.00, +29.33%) reported second-quarter results that easily topped Street estimates. The company also boosted its guidance for the year.

US Airways Group Inc. (LCC, $3.20, +$0.19, +6.31%) said Wednesday its planes hit record capacity use again in July despite a continued slump in demand. But carriers are having to cut prices to fill their planes. The data marks the fourth straight month and the eighth time since last August that the company has posted record monthly load factor.

Vonage Holdings Corp. (VG, $0.46, -$0.02, -4.19%) swung to a second-quarter profit due to cost cuts, but the Internet phone service provider continues to struggle with keeping customers.

Suntech Power Holdings Co., Ltd. (STP) is a solar energy company that designs, develops, manufactures and markets a variety of photovoltaic cells and modules. It also provides PV system integration services in China. The Company’s products are used in a variety of residential, commercial, industrial and public utility applications in various markets. Suntech sells its products in various key solar energy markets worldwide.

As you see from the intra-day chart, $15.00 held weak support. $14.80 was the next key support from which the stock bounced back up. With this information in hand from the charts, trade STP on the short side once this support is taken out. As evident, with $14.80 support broken, the stock drops very quickly to $14.40 levels, providing easy profits.

Again the trade was predictable because buyers place their stop losses below critical supports. Once that support breaks, a series of stop losses get triggered putting additional pressure on the stock. This provides excellent shorting opportunity to profit from.

With the Dow putting up 379 points today we saw many stocks popping up higher. Massive short covering fueled the rally with Dow, SP500 and Nasdaq closing at 5.80%, 6.37% and 7.07% respectively.

Citibank (C) was the reason for markets to cheer after its Chief Executive Officer commented, the Company was profitable in the first two months of 2009 and is confident about its capital strength. The Company said revenue in January and February was $19 billion, excluding various writedowns, versus a quarterly average of $21 billion as adjusted in 2008.

Below is the list of top 20 pops for the day. I have filtered the list based on price being greater than $1.50 and volume higher than 150k.

A. M. Castle & Co. (CAS) a specialty metals and plastics distribution company, topped the list with a 52% pop.