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Daily Archives: December 14, 2006

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Some Sectors Trading Back in Range; SPY, Energy, Utilities Remain Overbought

Posted: December 14, 2006 at 10:21 am

As shown in our overbought/oversold charts below, technology, pharmas, and retailers are currently trading towards or at the bottom of their normal range while the S&P 500 ETF (SPY), energy, ...
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Dilution – Shareholders Worst Nightmare, or Is It?

Posted: December 14, 2006 at 10:17 am

Submitted by Saul Sterman / CrossProfit on stocks Evergreen Solar (ESLR) and Scottish Re (SCT) In a previous article we cautioned investors that the dilution in SCT was going to ...
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Ciena, Profitable Again

Posted: December 14, 2006 at 9:11 am

Ciena Corp (CIEN) is trading up over 7% pre-market at $26.75 on more than 700,000 shares.  The company has beat earnings expectations and guidance in the coming quarter looks in-line ...
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Obagi Medical Disappointing IPO Pricing

Posted: December 14, 2006 at 8:54 am

Obagi Medical (OMPI) priced its 5.35 million share IPO at $11.00, below the range $13 to $15 range originally indicated.  J.P.Morgan is the lead underwriter with co-managers listed as CIBC, ...
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Pre-Market Stock News (DEC 14, 2006)

Posted: December 14, 2006 at 8:30 am

by Jon C. OggDecember 14, 2006(ARES) Ares Capital has a 2.7M share secondary.(AVRX) Avalon Pharm announced positive interim results for AVN944 Phase I results. (BCS) Barclays "takeover" by B of ...
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Select Analyst Calls (DEC 14, 2006)

Posted: December 14, 2006 at 8:23 am

ADM cut to Underperform at Credit Suisse.AGU cut to Neutral at UBS.ABK raised to Overweight at Morgan Stanley.ANDE raised to Buy at B of A.BDK cut to Hold at Citigroup.BEAS ...
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Europe Markets December 14, 2006 DaimlerChrysler Up, Alcatel Down

Posted: December 14, 2006 at 6:02 am

Markets in Europe are up modestly at 5.55 AM New York time.The FTSE was up .3% to 6,209. Barclays was down .3% to 717. BP was down .4% to 577. ...
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Detroit: It WIll Get Worse (F)(GM)(TM)

Posted: December 14, 2006 at 5:43 am

CSM Worldwide, which tracks auto trends, says that US car sales will be the worst they have been in nine years for 2007. The firm also predicts that US makers ...
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Sharks Circle Sirius (SIRI)

Posted: December 14, 2006 at 5:32 am

After saying that it would miss year-end subscriber targets, Sirius took a big stock price hit. Over the last few days it has continued to drift down, and, at $3.79, ...
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Bank Of America Slaps Merrill (BAC) (BCS)

Posted: December 14, 2006 at 5:21 am

The CEO of Bank of America said that buying companies in Europe was not near the top of his list of priorities. It does not even appear to be near ...
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New Congress May Chase HP CEO (HPQ)

Posted: December 14, 2006 at 5:16 am

Some big wig members of Congress want to know why HP CEO Mark Hurd exercised and sold $1.37 million in stock options on August 25. This was before it was ...
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Microsoft and HP Go After World Domination

Posted: December 14, 2006 at 5:08 am

Stocks: (MSFT)(HPQ)(DELL)Microsoft and Hewlett-Packard have announced that the will start a large joint venture into which they will invest $300 million. The purpose of the program is to sell their ...
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Media Digest December 14, 2006 Reuters, NY Times, WSJ, FT

Posted: December 14, 2006 at 5:00 am

Stocks:  (GE)(MRK)(GOOG)(DCX)(SNE)(BP)(MNST)(COST)According to Reuters, Nestle bought Novantis's medical food unit for $1.5 billion.Reuters writes that Qantas is being bought by private equity interests for $8.7 billion.Reuters reports that Costco's quarterly ...
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Asia Market December 14, 2006 Yahoo Japan, Bridgestone China Unicom Up

Posted: December 14, 2006 at 4:44 am

Stocks:  (CAJ)(FUJ)(HMC)(NTT)(NIPNY)(SNE)(TM)(CHL)(CHU)(HBC)(PCW)Market in Asia were up sharply.The Nikkei rose .6% to 16,829. Bridgestone rose 2.6% to 2595.Canon rose 1.7% to 6650. Daiwa Securities rose 1.5% to 1317. Fuji Film rose ...
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Wednesday’s Top Biotech and Medical Stocks

Posted: December 14, 2006 at 4:26 am

From BioHealth InvestorBiotechnologyPROGEN INDS LTD [PGLA] +119.66% EXACT SCIENCES COR [EXAS] +12.89% ANADYS PHARMACEUTICA [ANDS] +7.29% ADVENTRX PHARMACTL [ANX] +6.36% SGX PHARMACEUTICALS [SGXP] +5.71% Diagnostic SubstancesIMMUNOMEDICS INC [IMMU] +3.63% SYNOVICS ...
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