Afternoon Trade: Top and Bottom Five Percentage Gainers (MSSR, AIB, HEAT, COOL, OREX, AMIE, JGBO, HRZ, DGW, RVSN)

The market was quiet for most of the morning but has just recently begun to come under some selling pressure. All three major indices are now sitting in negative territory. The current top 5% gainers and losers in the market are:   Best 1) McCormick & Schmick's Seafood Restaurants MSSR: Currently trading up 29% to $9.19 after Landry's Restaurants CEO Tilman Fertitta revealed plans to launch a hostile takeover of the high end seafood restaurant. 2) Allied Irish Banks AIB: On the heels of the publication of Ireland's bank-stress test results, shares of Allied are continuing to build on the day's gains, currently trading 19% to the upside at $3.43. 3) SmartHeat HEAT: After taking a 22% beating last week, shares of this PHE manufacturer are posting 19% gains to $3.18 on heavy trading volume. 4) Majesco Entertainment Company COOL:  Continuing to run off of Facebook hype, the stock is continuing to rise, enjoying an 18.3% climb to $3.88. 5) Orexigen Therapeutics OREX: Positive data emanating from phase three trials of its weight loss drug, Contrave, have pushed the stock up 17% to $3.39. Worst 1) Ambassadors International AMIE: The travel and cruise services company is undergoing a massive 71% hit to $0.80 this morning. The parent of Windstar Cruises filed for bankruptcy protection on Friday. 2) Jiangbo Pharmaceuticals JGBO: Shares started selling off at about 12:15 p.m. EST and have knocked the stock down 21.67% to $3.47. No news has surfaced today except for the fact that the company has retained a new independent accountant. 3) Horizon Lines HRZ: After recovering from an early morning selloff, stock of this shipping services company is continuing its downward move into the afternoon, taking a 19.56% loss to $1.07. 4) Duoyuan Global Water DGW: Shares are extending their early morning losses of 22.4% to $4.28, after a negative report from muddywaterresearch.com surfaced. 5) RADVision RVSN: Shares are down over 16% to $10.01 as the video conferencing equipment company cut its guidance for the first quarter.