Daily Block Trades of Note 06/08: QQQQ, LVLT, CDNS

NASDAQ 100 Trust Shares (NASDAQ: QQQQ): Block trades of 4 million shares, 4 million shares and 3 million shares at various times, among other large trades today. Today's volume is already at 259 million shares versus the three month average full-day volume of 107.7 million. Shares are trading at $38.53 (+0.18%) in afternoon action.

Level 3 Communications Inc. (NASDAQ: LVLT): Block trades of 2 million shares, 2 million shares, 1.5 million shares and 1.35 million shares at various times, among other large trades today. Today's volume is alread at 148 million shares versus the three month average full-day volume of 28.6 million. Shares are trading at $4.48 (-1.54%) in afternoon action.

Cadence Design Systems Inc. (NASDAQ: CDNS): A 1.245 million share block traded at 12:11PM ET at $16.93. Today's volume is already at 7.4 million shares versus the three month average full-day volume of 1.95 million. Shares are trading at $16.89 (-2.93%) in afternoon action.

Largest Net $ Movers of Note 06/06

UPWARD MOVERS:

Google Inc. (Nasdaq: GOOG) +$6.30; Wall Street Journal reports Google (Nasdaq: GOOG) plans to release a web-based spreadsheet application.

Evergreen Solar Inc. (NASDAQ: ESLR) +$1.25; The company announced the execution of a binding memorandum of understanding regarding new polysilicon supply agreements sufficient to allow its EverQ joint venture to increase its solar module production capacity.

Knot Inc. (NASDAQ: KNOT) +$1.13; Acquired WeddingChannel.com for approximately $57.9 million in cash and 1,150,000 shares of its common stock

Moody's Corporation (NYSE: MCO) +$1.04; Company says overall operating outlook for the full year 2006 is unchanged from its guidance provided on April 26, 2006. The company continues to project overall revenue growth in the high single-digit to double-digit percent range for the full year 2006.

Isolagen, Inc. (Amex: ILE) +$0.58; Company announced that the Board of Directors named Nicholas L. Teti, Jr. Chairman and Chief Executive Officer, effective immediately.

DOWNWARD MOVERS:Hansen Natural Corp. (Nasdaq: HANS) -$7.60; Down with no significant news, the stock has traded in the $170-190 range for the past few weeks

Home Solutions of America Inc. (AMEX: HOM) -$4.05; Stocklemon.com issued another negative piece on the company noting that the company HOM announced a contract with on May 23rd (American Renaissance Homes) was started just 5 days prior to the news release (05/18) and HOM owns 40% of the company. (Link: http://www.stocklemon.com/06_06_06.html)

Brightpoint Inc. (Nasdaq: CELL) -$3.31; Deutsche Bank downgrades Brightpoint from Buy to Hold

Eastman Chemical (NYSE: EMN) -$2.76; Banc of America downgrades EMN to Neutral

ImClone Systems (Nasdaq: IMCL) -$2.41; Friedman Billings downgraded IMCL to Market Perform