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Daily Archives: February 22, 2008

The 52Week Low Club (CBEY)(BRLC)(BX)(DGX)(LTM)(AVR)

Posted: February 22, 2008 at 4:00 pm

Aventine Renewable Energy (NYSE: AVR) Bad earnings and liquidity issues. Down to $6.79 from 52-week high of $20.85.Life Time Fitness (NYSE: LTM) Bad outlook from 2008. Sells off to $30.40 ...
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JB Hunt Transport Chairman Unloads Shares (JBHT)

Posted: February 22, 2008 at 1:55 pm

Earl Wayne Garrison, Chairman of J B Hunt Transport Services, Inc. (NASADAQ: JBHT), just disclosed in an SEC filing that he made a sale of common stock in the company.  ...
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SIRIUS & XM Focus: Merger Or Earnings? (XMSR, SIRI)

Posted: February 22, 2008 at 1:09 pm

Next week we are getting dual earnings reports out of Sirius Satellite Radio (NASDAQ: SIRI) and from XM Satellite Radio (NASDAQ: XMSR).  We are also waiting for a Department of ...
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IPO Withdrawal: Transoma Medical (TSMA)

Posted: February 22, 2008 at 12:39 pm

Transoma Medical, Inc. withdrew its IPO filing this morning, citing “unfavorable market conditions.” The company originally filed its IPO paperwork on October 12, 2007 and had planned to trade on ...
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Siemens (SI) Sees No Business Slowdown

Posted: February 22, 2008 at 12:13 pm

Siemens (NYSE: SI) joins the short list of big companies which claim that they are seeing no weakness in their global businesses.``It's clear that we're entering a phase of slowdown ...
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Markets Looking To China Rail IPO

Posted: February 22, 2008 at 11:29 am

China Railway Construction Corp., the second largest Chinese railroad builder, intends to raise $3.6 billion from its IPO offering in Shanghai. Reuters has reported that the state-run company will offer ...
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Level 3 (LVLT) Near $2

Posted: February 22, 2008 at 10:18 am

Perhaps the prospect of Level 3 (NASDAQ: LVLT) COO Kevin O'Hara speaking at the Merrill Lynch Communications Services Forum next week drove investors out of the stock. Shares were at ...
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Cbeyond (CBEY) Get Ready For Stock Price Arctic Winter

Posted: February 22, 2008 at 10:04 am

Cbeyond (NASDAQ: CBEY) shares were hit with the Hammer of Thor today, trading off 33% to $15.58. That compares to a 52-week high of $46.51.The firm did post rough earnings. ...
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ETF/ETN Launch For Currency Trading (ERE, SZE, CUD, ADE, EGB)

Posted: February 22, 2008 at 9:50 am

The NYSE Euronext has commenced the launch of trading of an ETF, actually an ETN, that will allow traders to trade several currencies just like buying or selling a stock. ...
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Fannie Mae & Freddie Mac Slammed By Downgrades (FNM, FRE)

Posted: February 22, 2008 at 9:39 am

2007 and 2008 aren't turning out to be the best years for GSE's like Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  Things just got worse for these two ...
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Conexant Will Try The Reverse Stock Split Game (CNXT)

Posted: February 22, 2008 at 9:06 am

Conexant Systems Inc. (NASDAQ: CNXT) is going to try a reverse stock split to juice its shares.  As the stock trades 6 million shares per day and is at the ...
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Barclays Pushes Oil Price Forecast To $137

Posted: February 22, 2008 at 8:54 am

Barclays has upped its forecast for the price of oil in 2015 to $137 from a previous level of $93.According to Reuters "The remorseless move up in long-run prices has ...
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Melanoma Patients Have Another Hope With New Orphan Drug Designation (ADH, MEDX)

Posted: February 22, 2008 at 8:52 am

Adherex Technologies Inc. (AMEX: ADH) has announced that it has received an orphan drug designation for its ADH-1 from the FDA for the use of ADH-1 in conjunction with melphalan ...
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Boeing (BA) May Lose Japan Airlines Business

Posted: February 22, 2008 at 8:19 am

Japan Airlines management is so upset about delays in the Boeing (NYSE: BA) 787 that it may turn to Airbus for planes. According to Reuters "JAL, which had planned to ...
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Europe Markets 2/21/2008 (GSK)(SAP)(ALU)

Posted: February 22, 2008 at 7:43 am

Markets in Europe were down at 7.35 AM New York time.The FTSE fell .2% to 5,919. GlaxoSmithKline (GSK) was down 1.2% to 1121. Next was down 4.7% to 1293.The DAXX ...
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