Early Afternoon Biggest Percentage Gainers And Losers (BLTI, ABAT, SIMO, HILL, NLST, AMSC, SWKS, LNG, PUDA, MCZ)

Best

1) BioLase Technology (NASDAQ: BLTI): Trading up 21.7% to $5.89. Shares have steadily climbed throughout the day as the company announced that it expects its first-quarter forecast to come in better than estimates, changing its anticipated revenue forecast from $9.25 million to $10.4 million. The stock is at a three-year high.

2) Advanced Battery Technologies (NASDAQ: ABAT): After starting out the day in negative territory, shares have skyrocketed nearly 21% to $2.50. Earlier this morning the company refuted a negative report published by a short seller going by “Variant View Research.” The equity had traded as low as $1.51 in yesterday's session.

3) Silicon Motion Technology (NASDAQ: SIMO): Stock is surging 17.8% to $9.32 after being initiated with a buy at Craig-Hallum, setting a new 52-week high of $9.70. The price target is set at $12.

4) Dot Hill Systems (NASDAQ: HILL): The stock is currently trading up over 13.8% to $3.09 after the company reported that it will be launching a new video storage product. Shares had been up over 20% earlier in the day.

5) Netlist (NASDAQ: NLST): Last week's announcement of new patent approvals is rewarding shareholders with a 12% gain to $2.69 in today's action.

Worst

1) American Superconductor (NASDAQ: AMSC): After cutting its guidance for the fourth quarter, shares have plunged 45.52 % to $14.30.

2) Skyworks Solutions (NASDAQ: SWKS): A downgrade from market perform to market underperform by Charter Equity have shares in this company seeing red today, taking a 9.3% hit to $27.99 as selling pressure has accelerated throughout the day.

3) Cheniere Energy (NYSE: LNG): Stock is undergoing a 8.6% swan dive to $8.49 as heavy selling pressure started mounting at 10:35 a.m. EST.

4) Puda Coal (NYSE: PUDA): This stock also started the day out in positive territory but has sustained heavy losses trading down 8% to $9.90. Selling began to build at just before 10 a.m. EST. Shares have already traded nearly five times normal daily volume.

5) Mad Catz Interactive (NYSE: MCZ): Stock in this videogame peripheral manufacturer have been building losses throughout the day, currently down 7.3% to $2.16.