Wall Street News Alert: Hot Stock Alert Issued on POSC! October 18, 2007
Market Wire, October, 2007
Wall Street News Alert's "stocks to watch" this morning are: Positron Corporation (OTCBB: POSC), Suntech Power Holdings Co., Ltd. (NYSE: STP), Manpower Inc. (NYSE: MAN) and Composite Technology Corporation (OTCBB: CPTC).
Positron Corporation (OTCBB: POSC) is a new stock to watch as Wall Street News Alert initiates coverage of the company. This morning, the company, which designs, manufactures, markets and supports advanced cardiac molecular imaging devices utilizing single photon emission computed tomography (SPECT) and positron emission tomography (PET), issued a press release announcing that the Centers for Medicare and Medicaid Services (CMS) has released an advance copy of CMS-1392-P Proposed Changes to the Hospital Outpatient Prospective Payment System and Calendar Year 2008 Payment Rates. The proposed rule is expected to be published in the Federal Register later this month.
This could be additional great news for POSC! Positron's President Mr. Joseph Oliverio stated, "This proposed increase in the reimbursement will provide us with a great opportunity to quickly disseminate Cardiac PET. This will help cardiologists seriously look at adding PET to their practice. Positron is ideally positioned to offer them as an economical compliment to SPECT."
CMS proposes to reassign the PET/CT codes from APC 1511 -- New Technology-Level XI to APC 0308 -- Non-Myocardial Positron Emission Tomography (PET) imaging. Therefore all the non-cardiac PET CPT codes would be assigned to a single APC 0308, with a new payment rate of $1,107.22.
The proposed rule maintains the assignment of all cardiac PET CPT codes to APC 0307 -- Myocardial Positron Emission Tomography (PET) imaging, with a new payment rate of $2,711.25.
CMS-1392-P; Proposed Changes to the Hospital Outpatient Prospective Payment System and Calendar Year 2008 Payment Rates can be found at: http://www.cms.hhs.gov/hospitaloutpatientpps/hord/list.asp .
Reimbursement information is provided by Positron Corporation as general coding and payment information. Note: This is a PROPOSED rule, not a final rule, and there will be a public comment period that closed on September 14, 2007. The final rule is expected to be published in early November and the changes will be effective January 1, 2008. Instructions on how to submit comments are listed at the end of this update.
Wall Street News Alert is alerting aggressive investors to watch Positron Corporation closely! Positron Corporation designs, manufactures, markets and supports advanced cardiac molecular imaging devices utilizing single photon emission computed tomography (SPECT) and positron emission tomography (PET). The company's molecular imaging systems incorporate patented and proprietary software and hardware technology for the diagnosis and treatment of patients with heart disease. Positron Corporation offers unique combination of low cost technology and disease specific software solutions differentiating themselves from all other medical device manufacturers.
The stock closed Wednesday at Five cents a share.
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com , where you may also sign up to receive free email alerts in advance of our press releases being issued.
Suntech Power Holdings Co., Ltd. (NYSE: STP) up 6.1% on 8.2 million shares traded. Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors.
Manpower Inc. (NYSE: MAN) up 6.7% on 2.4 million shares traded. Manpower Inc. is a world leader in the employment services industry; creating and delivering services that enable its clients to win in the changing world of work.
Composite Technology Corporation (OTCBB: CPTC) up 2.7% on 1.9 million shares traded. Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries: Dewind, Inc. & CTC Cable Corp.
Market Commentary:
"Fed Chief Ben Bernanke at a speech at the New York Economic Club earlier this week commented about the housing market, the possible effects of a slowing economy, and had analysts hinting at another rate cut soon," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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