>>> US Gapping Down

Gapping down
In reaction to disappointing earnings/guidance
: RGSE -28.2%, SGMS -22.5%, LF -21.3%, XONE -20.9%, ETRM -17.3%, TXTR -17.1%, WYY -16.3%, KEYW -15.6%, OSTK -12.4%, GALE -11.6%, ONVO -8.7%, AEGR -8.5%, CALA -8.2%, OMER -8.1%, ZAYO -7.8%, MTEX -7.6%, PVA -7.5%, VTNR -7.4%, JAZZ -7.3%, LGF -6.6%, DTSI -6.4%, ISR -6.2%, HALO -5.2%, ROK -5%, BDE -4.6%, BEAT -4.1%, PRSC-3.8%, LGND -3.2%, HEAR -2.7%, CZR -2.2%, RMTI -2%, ACM -1.7%, MACK -1.6%, ELTP -1.3%, PINC -1.2%

M&A news: SWKS -3.3% (Microsemi was informed that its proposal to acquire PMC-Sierra (PMCS) constitutes a superior proposal, under the term's of PMSC's merger agreement with Skyworks Solutions (SWKS) ), EZCH -0.5% (Raging urges shareholders to vote against Mellanox (MLNX) merger)

Other news: MHR -36.5% (cont weakness), BBSI -33.7% ( receives letter from independent registered public accounting firm saying prior statements can no longer be relied upon that Moss Adams will not be in a position to complete its required review of BBSI's quarterly financial statements at September 30, 2015, by the filing due date), ACI -13.5% (cont weakness), FTK -13% (updates on the ongoing development and evolution of its FracMax data analytics and visualization software application), NBG -12.8% (cont weakness), PVA -7.5% (to be replaced in the S&P MidCap 400 by Genword Financial; to be added to the S&P SmallCap 600; co also reported earnings), MNKD -7.2% (entered into a series of stock purchase agreements to sell up to an aggregate of 50 mln shares of its common stock in a registered direct offering to selected investment funds in Israel), CPE -6.6% (stock offering; acquires additional working interests in the Carpe Diem and Casselman-Bohannon fields, in the Central Midland Basin for an ~$29.5 mln ), EQM -6.3% (commences an underwritten public offering of 5,650,000 common units representing limited partner interests), EQM -6.3% (commenced an underwritten public offering of 5,650,000 common units representing limited partner interests), ATML -4.8% (shareholder Elliot Management issued letter saying it will vote against the proposed transaction with Atmel and urges fellow Dialog shareholders to do the same), ERIC -4.8% (provides outlook at its Capital Mkt Day; outlook on growth for 2014-2018), RDY -3.5% (issues a statement regarding a temporary restraining order for Esomeprazole Capsules), SLCA -3.2% (cut quarterly dividend by 50% to $0.0625/share from $0.125/share), EROS -3% (cautious @alpha_exposure tweet; note that Alpha Exposure has been out negative before), FRC -2.9% (announces an underwritten public offering of 3 mln shares of common stock (), FRC -2.9% (announced an underwritten public offering of 3 mln shares of common stock),VRX -2.8% (co hosting conference call ), NOK -2.7% (likely in symp with ERIC), MNK -1.8% (co issued a statement saying it is confident in its business model; shares were down on cautious report from Citron research)

Analyst comments: AAPL -2.4% (cautious Credit Suisse note circulating related to iPhone Asian supply chain checks), ADSK -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley), CEVA -1.3% (downgraded to Hold at Wunderlich ), BHP -0.5% (downgraded to Equal Weight at Barclays)