Many stocks are on the move this Friday morning.  Active traders and day traders are likely to be watching the moves seen in Capstead Mortgage Corp. (NYSE: CMO), GT Solar International Inc. (NASDAQ: SOLR), Lululemon Athletica Inc. (NASDAQ: LULU), MEMC Electronic Materials Inc. (NYSE: WFR), National Semiconductor Corporation (NYSE: NSM), Nokia Corporation (NYSE: NOK), The Bank of Ireland (NYSE: IRE), Allied Irish Banks plc (NYSE: AIB), and Smith & Wesson Holding Corporation (NASDAQ: SWHC).

Corinthian Colleges Inc. (NASDAQ: COCO) is up again, still on rumors that Pershing Square’s Ackman may have a very heightened interest.

Capstead Mortgage Corp. (NYSE: CMO) is lower by 5.6% at $11.15 on thin trading volume after its $0.26 dividend declaration yesterday represented another cut.

GT Solar International Inc. (NASDAQ: SOLR) is actually higher after pricing its secondary offering of 11 million shares at $7.39 per share.  Shares are up 1% at $7.47 on more than 1 million shares.  This stock was above $8.70 before the deal became known this week.

Lululemon Athletica Inc. (NASDAQ: LULU) is surging after strong earnings this morning; shares are up9.3% at $39.20 on over 70,000 shares.

MEMC Electronic Materials Inc. (NYSE: WFR) is trading up on thin volume after its subsidiary signed a memorandum of understanding for 400MW of solar plants in a Korean province.  Shares are indicated up 2.9% at $11.00.

National Semiconductor Corporation (NYSE: NSM) is trading lower after earnings and after seeing little growth ahead. Shares are down 5.8% at $12.15 on over 60,000 shares.

Nokia Corporation (NYSE: NOK) is trading higher after naming a new CEO, which the company has been trying to reluctantly fight for weeks or months.  Shares (ADRs) are indicated up 4.4% at $10.19 on more than 2 million shares.

Irish banks are getting hit, partly on new capital raise concerns from larger healthier banks: The Bank of Ireland (NYSE: IRE) is down 3% at $3.53 and Allied Irish Banks plc (NYSE: AIB) is down 1.5% at $1.92.

Smith & Wesson Holding Corporation (NASDAQ: SWHC) is soft this morning after lower gun sales in the latest period were reported.  Shares are down 8.6% at $3.62, although trading volume is muted and barely 10,000 shares pre-market.

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JON C. OGG

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