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Stock Updates: Global Payments--Not Much Payoff

Here's our look at the stocks making the most "noise" with traders. Some new names are making the lists. Global payments, as you will see below, turned out to be NOT such a great buy. The most active and widely held are pretty much the same stocks, as they were last week.

The best performing trades by % gain from Thursday's close to Friday's close:
Checkpoint: If you bought on Thursday at $19.92 and held/sold on Friday with a close of $23.66, the contestant gained 18.78% on the trade. Checkpoint reported a 93% increase in quarterly earnings.
Vonage: If you bought on Thursday at $3.06 and held/sold on Friday with a close of $3.45, the contestant gained 12.75% on the trade. Vonage is a low priced volatile tech stock.
Medarex: If you bought on Thursday at $11.49 and held/sold on Friday with a close of $12.94, the contestant gained 12.62% on the trade. Positive news on Valortim a potential antibody against anthrax.
PMC Sierra: If you bought on Thursday at $6.30 and held/sold on Friday with a close of $7.01, the contestant gained 11.27% on the trade. News on corporate restructuring and the company will hit its quarterly sales target.
Impac Mortgage: If you bought on Thursday at $4.54 and held/sold on Friday with a close of $5, the contestant gained 10.13% on the trade. Impac completed two securitizations Friday demonstrating that they can attract bond investors despite the volatile mortgage market.

Worst Performing Trades By % Gain from Thursday's close to Friday's close:
Global Payments : If you bought on Thursday at $39.17 and held/sold on Friday with a close of $34.06, the contestant lost 13.05% on the trade. Global Payments reported earnings, raising its 2007 EPS estimate, but came in with lower-than-expected revenues and trimmed revenue guidance concerning analysts in the competitive financial services market that GPN plays in. (A gamble on GPN pulled Joe Zheng out of the running for the Weekly Winner spot that he held Tues - Thurs).
W.P. Stewart : If you bought on Thursday at $11 and held/sold on Friday with a close of $10.07, the contestant lost 8.45% on the trade. Goldman Sachs reiterates a sell rating on the stock.

Most Actives as of the close on 3/30:
CMGI
Vonage
Crystallex International
Revlon
Conexant
Solectron Corp
Oilsands Quest
Technical Olympics USA
Fremont General
Rio Narcea Gold Mines

Widely Helds as of the close on 3/30:
CMGI
Revlon
Conexant
Sirius
Crystallex International
Vonage

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