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Up for a little pre-market watching. Rackable Systems Inc., (RACK) has a few leading indicators moving sideways. There were four different insiders selling last week, more than three million shares. The shares didn't come out of the float; there was an over-allottment exercise last week. I imagine that there are around thirty million shares outstanding, as of that exercise. It's anyone's guess what the float is; with an IPO like this probably very close to the outs.

That means that more than ten percent of the shares got dumped onto the market. The stock rose over the course of the week, but on Thursday and Friday the volume was considerably off. Somehow the market was able to absorb the extra shares, but the stock looks like it is out of gas. Rackable has a very short leash now, even though I don't really like selling on Mondays.

There is positive action in ARTG and VICL this morning. VICL released positive results of a Sanofi-Aventis angiogenises trial using their DNA method. Haven't really looked at what's driving ARTG. Don't usually need to; it's trading on momentum, at least until four bucks short term.

Newfield Exploration, Inc. (NFX), got noticed by TradingMarkets.com on Friday, for some heavy put buying relative to calls. I don't see any news about the company to report, but then again, I wasn't the one selling all last month.

Buon Fortunados...