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Daily Archives: May 16, 2008

52-Week Low Club (GY, GSAT, LIOX, NCC, PLA, SWWC, WNR)

Posted: May 16, 2008 at 2:15 pm

Today didn't look like the normal 52-week low brigade.  Usually there is a massive implosion of some sort that took a stock under.  Most of these were just more selling ...
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Ascent Solar Bogged Down By Spot Offering (ASTI)

Posted: May 16, 2008 at 1:05 pm

Ascent Solar Technologies, Inc. (NASDAQ: ASTI) is seeing shares under pressure because of its secondary offering.  The company priced a secondary offering of 3,800,000 shares of common stock for $14.00 ...
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Del Monte Ready To Scrap StarKist (DLM)

Posted: May 16, 2008 at 12:31 pm

Del Monte Foods Company (NYSE: DLM) is responding to written reports and confirmed that the company is exploring strategic alternatives for its seafood business, which could include a potential sale ...
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Can Carl Icahn Fix Broken Biotechs? (ANX, BIIB, ENZN, IMCL, TELK, FOLD, AMLN, REGN)

Posted: May 16, 2008 at 10:43 am

Carl Icahn is a billionaire financier, activist, and investor.  Most think of Icahn as an activist investor that wants to get inside and drive value without having to acquire the ...
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Hypertension Results Drive Pharmacopeia (PCOP)

Posted: May 16, 2008 at 8:43 am

Pharmacopeia, Inc. (NASDAQ: PCOP) is seeing shares surge in pre-market and at the open of trading today.The company said that PS433540, its first-in-class Dual Acting Receptor Antagonist, showed statistically significant ...
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GE Confirms Appliances Soon To Be History (GE)

Posted: May 16, 2008 at 7:39 am

General Electric Co. (NYSE: GE) has confirmed that it is reviewing strategic options for its Appliances business operations.  Three possibilities were noted for the unit: a strategic partnership or joint ...
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Select Positive ASCO Data (ARRY, AZN, LLY, DNA, GSK, ONXX, PFE, ZGEN)

Posted: May 16, 2008 at 7:26 am

Last night was a novel release from the American Society of Clinical Oncology (or ASCO) as the society decided to publish all of the findings to the public at once.  ...
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Top 10 Pre-Market Analyst Calls (APC, FISV, IPCM, KR, RSH, RAI, SWY, SNDK, URBN, ZEP)

Posted: May 16, 2008 at 6:37 am

These are ten analyst calls we are focusing on in pre-market trading this Friday morning:Anadarko Petroleum (NYSE: APC) Raised to Overweight from Equal-weight at Lehman.Fiserv (NASDAQ: FISV) Raised to Market ...
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The Petroleum Price Problem: Guns For Oil

Posted: May 16, 2008 at 5:44 am

The balance of trade between the US and its Arab allies has taken several odd twists since the price oil began to move up sharply last year. The US buys ...
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Goldman Sachs Pushes Up 2008 Oil Forecast To $141

Posted: May 16, 2008 at 5:21 am

Goldman Sachs (GS), king of the oil bulls, has raised its forecast for oil prices in the second half of this year to $141 from a previous estimate of $107. ...
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The Oil Refiners’ New Ouija Board

Posted: May 16, 2008 at 5:03 am

Oil refiners have decided to produce more diesel and less gas. They believe that diesel is more profitable, which is true, and that demand for it will rise in developing ...
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Yahoo!: A New Ad Sales Model

Posted: May 16, 2008 at 4:47 am

Yahoo! (YHOO) and big global ad agency WPP will begin a marketing partnership aimed at better targeting of ads. Yahoo! will give WPP access to the thousand of independent sites ...
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American (AMR) Inspections: Gee, We Skipped Those Planes

Posted: May 16, 2008 at 4:30 am

AMR (AMR), parent of American Airlines, decided to skip inspections on certain of its airplanes due mostly to cost issues. The aircraft in question were suspected of being hit by ...
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Media Digest 5/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 16, 2008 at 3:01 am

According to Reuters, Carl Ichan will fight to get Yahoo! (YHOO) to accept Microsoft's (MSFT) bid.Reuters writes that the Senate has reached an agreement on a housing rescue.Reuters reports that ...
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Asia Markets 5/16/2008 (SNP)(PTR)

Posted: May 16, 2008 at 2:37 am

Markets in Asia were mixed.The Nikkei fell .2% to 14,219. Mitsubishi Corp rose 3.4% to 3690. NEC fell 2.4% to 538.The Hang Seng rose .3% to 25,598. China Petroleum (SNP) ...
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