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Daily Archives: September 10, 2008

Clown

The 52-Week Low Club 9/10/2008 (WM)(LEH)(O)(SIRI)

Posted: September 10, 2008 at 3:03 pm

Washington Mutual (WM) Latest victim of credit debacle. Falls to $2.30 from 52-week high of $39.25.Lehman (LEH) Restructuring plan has few friends. Down to $6.93 from 52-week high of $67.73.Owens-Illinois ...
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R-I-M’s Flipping Design (RIMM)

Posted: September 10, 2008 at 1:14 pm

Research-in-Motion (NASDAQ: RIMM) is trading up today on the hopes for the new expanded BlackBerry flip-phone which allows for slightly more screen space and typing space.  The BlackBerry Pearl Flip ...
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Grim

The Grim Reaper Comes For Washington Mutual (WM)

Posted: September 10, 2008 at 11:54 am

Over the last year, shares in Washington Mutual (WM) are down more than Lehman (LEH). It is distinction that defiles the managements and boards of both companies.Washington Mutual's days as ...
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Oilfield Services Stocks Still Headed South? (FWLT, NOV, SLB, WFT, BHI)

Posted: September 10, 2008 at 9:42 am

Less than a month ago, we published a story on oilfield services companies and how their stocks had fallen along with the price of crude. Their stocks should be doing ...
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For Sirius (SIRI) A Trip To Penny Stock City

Posted: September 10, 2008 at 8:47 am

All sorts of bad things happen when a stock trades under $1. Some institutions can't hold the shares. If the stock stays below the threshold too long, the Nasdaq can ...
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Day Trader Alert: Shanda Interactive Entertainment Ltd. (SNDA)

Posted: September 10, 2008 at 8:47 am

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is seeing an exponential volume surge at the open.  The Chinese interactive gaming software company has now seen more than 3.4 million shares trade ...
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Day Trader Alert: ImClone Systems (IMCL, BMY)

Posted: September 10, 2008 at 8:21 am

ImClone Systems Inc. (NASDAQ: IMCL) is a biotech buyout bonanza stock that traders and investors have been watching closely.  The company has said that the proposed $60.00 per share cash ...
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Citigroup Outlines Fannie/Freddie Exposure (C, FNM, FRE)

Posted: September 10, 2008 at 7:52 am

Citigroup Inc. (NYSE: C) has just filed with the SEC information about its perceived total exposure to Fannie Mae and Freddie Mac securities in an effort to fend off any ...
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Lehman (LEH) Impresses No One

Posted: September 10, 2008 at 6:55 am

The press release was a mile long. Lehman "intends" to sell 55% of its money management unit.Lehman "intends" to spin off to its shareholders $25 billion to $30 billion of ...
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Lehman Earnings, Rewards For Bad Behavior (LEH)

Posted: September 10, 2008 at 6:52 am

Lehman Brothers (NYSE: LEH) has finally pre-announced its earnings at -$5.92 EPS.  First Call had estimates at worse -$3.00 but no one is using that estimate based upon the recent ...
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Top Pre-Market Analyst Upgrades (BNI, CERN, DECK, EV, HWAY, IPAR, NSC, RF)

Posted: September 10, 2008 at 6:38 am

There were other upgrades but these are the ones we are seeing having an impact on shares this morning:Burlington Northern (BNI) Raised to Buy at UBS.Cerner (CERN) Started as Outperform ...
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Top Pre-Market Analyst Downgrades (CPHD, DRIV, FDRY, MAN, MLM, MPEL, MPS, SMOD, VMC)

Posted: September 10, 2008 at 6:35 am

These are some of the top analyst downgrades we are seeing affecting shares of stock this morning:Cepheid (CPHD) Cut to Neutral at Piper Jaffray.Digital River (DRIV) Cut to Market Weight ...
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Financial Downgrades (BAC, BBT, CLMS, CMA, FITB, BEN, STI, VLY)

Posted: September 10, 2008 at 6:33 am

There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning:Bank of America (BAC) Cut to Underperform at ...
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As Chinese Slow Car Buying, Detroit Can Panic (GM)(F)(WMT)(DELL)

Posted: September 10, 2008 at 5:25 am

Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for salvation. That does not put them in a different class ...
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The US Economy: Sunny Days Ahead

Posted: September 10, 2008 at 5:11 am

"You are my sunshine, my only sunshine; you make me happy when skies are gray"Alan Greenspan went on CNBC late yesterday to flog the paperback version of his ancient book ...
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