Lehman (LEH) Dead or alive. Off to $3.79 from 52-week high of $67.73.Washington Mutual (WM) Will the bank make it? Plunges to $1.75 from 52-week high of $39.25.Merrill Lynch (MER) ... Read Full Story »
With the trends seen lately in communications equipment and data providers because of telecom spending dropping, it is no huge surprise that the short selling has been increasing in some ... Read Full Story »
Many traders and short sellers have loved targeting solar power and other alternative energy stocks. What is interesting is that the bets against these companies did not show a larger ... Read Full Story »
There was a very mixed bag in short selling in the semiconductor sector. What was interesting was the huge increase in the bets against NVIDIA because it was so far ... Read Full Story »
Unfortunately there is no real clear trend in the Internet sector stocks in the short selling from mid-August to late August as you will see below.Internet ... Read Full Story »
The market's disdain for Big Band Networks (BBND) is long-standing and deep. The company went public nearly two years ago. Since then the maker of technology to improve the flow ... Read Full Story »
Bristol-Myers Squibb (NYSE: BMY) has sent a letter to Imclone Systems (NASDAQ: IMCL) in response to yesterday's rejection of its buyout offer. It said it is disappointed that the $60.00 ... Read Full Story »
In the next day or two, the financial markets could hit their tipping point. It is certainly not beyond the realm of the possible that Lehman (LEH) and Washington Mutual ... Read Full Story »
CSX Corp. (NYSE: CSX) is trading higher after the railroad operator increased its 2008 and long-term financial guidance. It sees Fiscal-2008 earnings of $3.65 to $3.75 per share, which is ... Read Full Story »
Today may well be the day that Lehman (LEH) fails. No one should be surprised if the company goes into Chapter 11 today or if the government steps in to ... Read Full Story »
Shares of Lululemon Athletica (NASDAQ: LULU) are being hit this morning on what seemed to be good earnings data on the surface. But when you dig down it seems that ... Read Full Story »
These are some of the early bird analyst upgrades and positive calls we are seeing this Thursday morning with more than two hours to the open:Auxilium Pharma (AUXL) Started as ... Read Full Story »
These are some of the early bird analyst downgrades and negative calls we are seeing this Thursday morning with more than two hours to the open:AudioCodes (AUDC) cut to neutral ... Read Full Story »
With Bear Stearns, Fannie Mae (FNM), and Freddie Mac (FNM) fundamentally gone as independent institutions, the Treasury and Fed have turned their attention to Lehman (LEH) and Washington Mutual (WM). ... Read Full Story »
Saudi Arabia walked out on OPEC yesterday. It said it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed ... Read Full Story »