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Daily Archives: March 7, 2008

The $200 Oil Call… Outrageous or Circumspect? (GS, EP, UPL, FST, EAC, KWK)

Posted: March 7, 2008 at 4:58 pm

If you thought oil prices of today are high with oil prices north of $105/barrel, imagine what a $120/barrel, or $150/barrel, or even $200/barrel oil would do.A firm called United ...
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The 52-Week Low Club (WM)(NT)(BX)

Posted: March 7, 2008 at 4:01 pm

Reddy Ice (NYSE: FRZ) Offices raided by Feds. Drops to $12 from 52-week high of $32.21.Washington Mutual (NYSE:WM) One of the largest mortgage brokers. Falls to $9.91 from 52-week high ...
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Goldman Sees Possible $200 Oil

Posted: March 7, 2008 at 3:46 pm

Goldman Sachs says that several factors could cause oil to spike to $200."As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic ...
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NYSE Amendment To Allow For SPAC IPO’s (NYX, NDAQ)

Posted: March 7, 2008 at 2:24 pm

The NYSE Euronext (NYSE: NYX) has made proposed rule changes this week that would allow the listing of Acquisition Companies (ACs) on the NYSE.  They are describing special purpose acquisition ...
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How Does GE (GE) Hit A 52-Week Low?

Posted: March 7, 2008 at 11:53 am

On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. ...
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AbitibiBowater Financing Bonanza (ABH)

Posted: March 7, 2008 at 9:54 am

AbitibiBowater Inc. (NYSE: ABH) is seeing shares surge after the open this morning.  The paper and wood products company secured a financing pact that it had made a filing for ...
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Ciena, Maintains Strength in Weak Climate (CIEN)

Posted: March 7, 2008 at 9:01 am

Ciena Corp. (NASDAQ: CIEN) is one of the few bright spots out there in the market this morning.  The company beat earnings expectations by posting $0.47 EPS and revenues were ...
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Short Sellers Take Long Knives To Newspaper Stocks (MNI)(JRC)

Posted: March 7, 2008 at 8:49 am

Short sellers went after newspaper chains with a vengeance based on data from the NYSE as of February 29. The coverage ratio for Journal Register (NYSE: JRC) hit 52 days. ...
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Top Upgrades & Downgrades (AA, RDY, FCX, GLBL, LIFC, MKTX, MDT, PRTS)

Posted: March 7, 2008 at 8:39 am

These are some of the top analyst calls this morning:Alcoa (NYSE: AA) cut to Market Perform at FBR.Dr. Reddy's (NYSE: RDY) cut to Hold at Citigroup.Freeport-McMoRan (NYSE: FCX) cut to ...
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Fed Opens The Term Auction Facility To $100 Billion

Posted: March 7, 2008 at 8:27 am

The Fed announced this morning that the amounts outstanding in the Term Auction Facility (TAF) will be increased to $100 billion.  The auctions on March 10 and March 24 each ...
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Europe Markets 3/7/2008 (RTP) (SI) (AXA)

Posted: March 7, 2008 at 6:46 am

Markets in Europe were down sharply at 6.40 AM New York time.The FTSE fell 1.2% to 5,697. BHP Billiton (BHP) dropped 4.4% to 1606. Rio Tinto (RTP) fell 3.3% to ...
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As Blackstone (BX) Shares Fall, Analysts Cut Ratings

Posted: March 7, 2008 at 6:33 am

Analyst Michael Hecht of Bank of America has cut his earnings estimate for Blackstone Group (NYSE: BX) by half for the next quarter from $.25 to $.11. Blackstone's stock now ...
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Microsoft (MSFT) And Google (GOOG) Bidding For Digg?

Posted: March 7, 2008 at 6:24 am

Digg, the huge user-contributed content site, is up for sale, according to TechCrunch. The likely bidders are, of course, Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG), who seem to be ...
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As Boeing (BA) Pushes Congress, It Risks Business In Europe

Posted: March 7, 2008 at 6:15 am

The management of EADS sits in Europe watching pork-eating members of Congress talk about the hearings they will hold in an attempt to change the Air Force's decision to buy ...
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Microsoft (MSFT) Talks Trash About Google (GOOG)

Posted: March 7, 2008 at 5:56 am

Microsoft (NASDAQ: MSFT) is going to take significant market share from Google (NASDAQ: GOOG) and cut the search company's lead as the most successful internet company in the world, with ...
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