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ICRD is really exploding today. Yesterdays volume on ICRD was a scant 55K while by 11:30 today it’s closing in on 3 million shares and it’s holding nicely up 70%.

Here’s International Card Establishment, Inc. latest press release:

CAMARILLO, CA–(MARKET WIRE)–Apr 1, 2009 — International Card Establishment, Inc. (I.C.E) (OTC BB:ICRD.OB – News) today announced that it was profitable in 2008 in reporting its fourth quarter and year end financial results for the period ended December 31, 2008.

For the year ended December 31, 2008, I.C.E. had net income of $ 64,323 ($ 0.00 per share) on net revenue of $ 7,599,557, versus a loss of $(3,764,850) ($ 0.11 per share) on revenues of $ 9,222,659 for 2007. The 18 % decline in revenues, attributable to a difficult economic climate and merchant account attrition, was also caused in part by I.C.E. concentrating its resources on higher margin Gift and Loyalty business segments, whose revenues are lower than the traditional credit card processing business. The company is embarking on a number of new marketing and operating initiatives, to be announced shortly, that will focus the company on these higher margin business segments and provide merchants with a vast array of marketing and promotional tools. Read full release here: http://finance.yahoo.com/news/International-Card-iw-14810830.html

ICRD is on a hot run up 70% mid day.

IMGR jumping 50% on small volume.

PGYC is slowly climbing up 8% today but has had a nice run up over the past week or so.

Tons of volume on SPNG but it’s still showing strength. Up 20%.

Only a matter of time…

CHICAGO, Illinois (CNN) — The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy.

The Sun-Times Media Group, Inc. said it would continue to operate its newspapers and Web sites as usual while it improves its cost structure and stabilizes operations.

Tuesday’s announcement comes amid a raft of newspaper closings and cuts that has seen the end of The Rocky Mountain News in Denver, Colorado; The Seattle Post-Intelligencer, and The Christian Science Monitor.

The chain that owns the Los Angeles Times and the Chicago Tribune is in bankruptcy and other papers are on the brink. And two industry giants, The Washington Post and The New York Times, announced last week they are cutting costs and staff amid tumbling revenue and continued economic decline.

The Sun-Times said similar cost-cutting measures failed to turn around the company’s fortunes.

“The significant downturn in the print advertising environment that has affected newspapers across the country has continued to severely impact us,” said Jeremy Halbreich, chairman and interim chief executive of the Sun-Times Media Group. “Unfortunately, this deteriorating economic climate, coupled with a significant, pending IRS tax liability dating back to previous management, has led us to today’s difficult action.”

Read the full story here: http://cnnwire.blogs.cnn.com/2009/03/31/chicago-sun-times-files-for-bankruptcy/

Valerie Scruggs started trading stock options after being laid off from her job as an IT manager two years ago.

Scruggs, who lives on Manhattan’s Upper West Side, says at first it was a way to make ends meet. But then she started thinking about it for a primary income.

“It seemed like a good way to make money no matter which way the market went,” Scruggs says.

Financial Shorts Are Returning
More investors like Scruggs are fed up with losing money in the markets and are starting to take control over their own finances. And with many portfolios down 50 percent over the past year, they feel they can’t do any worse than their broker or financial adviser.

“There’s a broader trend of people feeling disenfranchised with the way the financial-services industry works,” says Kurt Oeler, a spokesman for optionMonster, a web site for investors to trade options. “They think: ‘I’ve got to be more active in managing my finances.’ ”

For some, that means do-it-yourself investing. While not exactly day traders—those who seek short-term gains with rapid trading in stocks—these investors feel confident enough to manage their own portfolios.

Read the story here: http://www.cnbc.com/id/29913183

There are a few hot small cap stock making moves today. TGRW is up 30% on solid volume. CTYX is up 18% on strong volume. INTK up 20% on 8mil traded.