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Daily Archives: September 19, 2008

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Clearwire CFO Not Part of NewCo (CLWR, S)

Posted: September 19, 2008 at 3:31 pm

After Clearwire Corporation (NASDAQ: CLWR) closes its venture with Sprint Nextel Corporation (NYSE: S), the company CEO Benjamin Wolff has made several recommended appointments.  It is also losing its CFO.  ...
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The 52-Week Low Club 9/19/2008 (IHS)(DM)(OTTR)

Posted: September 19, 2008 at 2:49 pm

Bad day for the 52-week low club.IHS (IHS) Decision to buy Global Insight for $200 million drives shares down. Bottom at $45.66 from 52-week high of $72.19.Dolan Media (DM) No ...
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Companies Not On SEC Short Sale Ban, But Should Be

Posted: September 19, 2008 at 1:07 pm

Frankly, we think the ban on short sales is not the right way to run a free market.  But it doesn't matter what we think.  These are the new ...
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Autos Next In Government Handouts? (GM, F)

Posted: September 19, 2008 at 11:49 am

If you look at the auto stocks today, you might deduce that they are next in line for the government corporate bread lines and farm camp jobs.  Ford Motor Co. ...
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Why The Paulson Program Doesn’t Work

Posted: September 19, 2008 at 10:11 am

One senior banker described the new Paulson, Bernanke & Co. plan as "the privatization of profits and socialization of losses." There are a number of reasons why the government's plan ...
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OfficeMax Destroyed On Lehman Exposure & Late Downgrade (OMX)

Posted: September 19, 2008 at 9:31 am

OfficeMax Inc. (NYSE: OMX) somehow managed to not notice the major stock market rally.  Its shares plunged 29% to $9.38 on 1.5-times an entire day's average trading volume.  Friedman Billings ...
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Online Brokers Catch A Bid (SCHW, AMTD, ETFC, IBKR)

Posted: September 19, 2008 at 8:24 am

This is the new official 48-hour period to be known in the future as GOVERNMENT BACKSTOP DAYS.  While financial stocks are a big beneficiary of this, the moves being seen ...
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Day Trader Alert: Yahoo! (YHOO)

Posted: September 19, 2008 at 8:07 am

Yahoo! Inc. (NASDAQ: YHOO) is seeing what some might believe unthinkable.  The number two and troubled search engine stock is trading lower this morning.  Many might argue that the lower ...
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Otter Tail Secondary Comes To Roost (OTTR)

Posted: September 19, 2008 at 7:40 am

Otter Tail Corp. (NASDAQ: OTTR) is trading lower this morning after pricing its secondary offering.  The proposed 5 million share offering came in at 4.5 million shares. It also priced ...
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Financial Stocks Set To Rocket (AIG)(WM)(GS)(MS)

Posted: September 19, 2008 at 6:59 am

Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market.Washington Mutual's (WM) stock is up more than 40% and ...
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Treasury To Insure Money Market Funds

Posted: September 19, 2008 at 6:44 am

According to MarketWatch, The U.S. Treasury said it's established a temporary guaranty program for U.S. money market funds. For the next year, the U.S. Treasury will insure holdings of any ...
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Top Pre-Market Analyst Upgrades (AEP, CREE, DRI, GPS, KEY, MFE, ORCL, SONC, YUM)

Posted: September 19, 2008 at 6:43 am

These are some of the upgrades and positive calls from analysts we have seen affecting shares this Friday morning:American Electric Power (AEP) Raised to Buy at Piper Jaffray.Cree (CREE) Raised ...
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Top Pre-Market Analyst Downgrades (ACN, ARO, ASCA, CTSH, ROCK, INFY, ISLE, MSCC, STN, TRIN)

Posted: September 19, 2008 at 6:41 am

These are some of the downgrades and negative analyst calls we have seen affecting shares this Friday morning:Accenture (ACN) Cut to Market Perform at Wachovia.Aeropostale (ARO) Cut to Neutral at ...
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Oracle (ORCL): Tech Prospers (NT)(MSFT)(GOOG)(JAVA)

Posted: September 19, 2008 at 5:41 am

Shares in some tech companies are down as far as the banks and brokerage firms. Sun (JAVA) and Nortel (NT) are in that group, but they are hardly alone. Firms ...
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The Socialists Killed The Short Sellers

Posted: September 19, 2008 at 5:16 am

There was a perverse honor in being a short-seller. It was an honor among thieves, but the group usually made lots of money by taking significant risks.Short-selling was based on ...
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