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Daily Archives: October 6, 2008

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Dendreon’s Move Still Leaves Many Questions (DNDN)

Posted: October 6, 2008 at 5:52 pm

Dendreon Corp. (NASDAQ: DNDN) was an incredible performer today, and one which makes you wonder how well it would have done had the stock market not been so ugly.  Its ...
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Calgon Carbon Heads Into S&P Small Cap 600 Index (CCC, MDRX)

Posted: October 6, 2008 at 5:37 pm

S&P's Index Group has announced that  Calgon Carbon Corp. (NYSE: CCC) will replace Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) in the S&P Small Cap 600 after the close of trading ...
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B of A Earnings Outline Recession Impact on Credit (BAC)

Posted: October 6, 2008 at 3:32 pm

Bank of America Corporation (NYSE: BAC) issued earnings early and simultaneously announced new capital raising and preservation initiatives.  The banking giant said that quarterly net income was $1.18 billion, or ...
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Emergency G8 Meeting Or Rate Cuts Coming?

Posted: October 6, 2008 at 2:39 pm

Today's massive market selling abated at the end of the day.  This really depends on what you call "rumors" and what you call "hope", but the talk today in the ...
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American Express Outlines Lower Funding Needs (AXP)

Posted: October 6, 2008 at 2:14 pm

American Express (NYSE: AXP), whose stock is trading at 5-year lows, today tried to reassure Wall Street about its financial situation. It said that this year it has increased its ...
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Ford (F): Running Out Of Cash, Could Its Shareholders Be Wiped Out?

Posted: October 6, 2008 at 1:43 pm

Ford (F) may have cut costs to the point where the company cannot even operate properly anymore, the number of people in product development, management and marketing has gone so ...
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Learning From Lehman’s Fuld: How To Answer Oversight Questions On Compensation (LEH, LEHMQ)

Posted: October 6, 2008 at 12:57 pm

Richard Fuld, Chairman & CEO of what is left of Lehman Brothers Holdings (LEHMQ) is currently testifying before the House Oversight Committee.  Fuld's answers and demeanor today may offer some ...
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Citi’s Wachovia Suit & Stock Halt, Adding Mud To The Swamp (WB, C, WFC)

Posted: October 6, 2008 at 11:34 am

Wachovia Corp. (NYSE: WB) shares were halted for "NEWS PENDING" because of an announcement coming out of Citigroup (NYSE: C).  The Citi and Wells Fargo (NYSE: WFC) war may be ...
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As SAP (SAP) Warns On Earnings Enterprise Software Comes Under The Gun

Posted: October 6, 2008 at 10:49 am

If the segment of tech which markets to large businesses was supposed to be one of the last bastions of earnings safety, it has just fallen.SAP (SAP), the second largest ...
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Emerging Oil Giants Face Harder Times Than US Oil Giants (XOM, CVX, PBR, PTR, CEO)

Posted: October 6, 2008 at 10:37 am

It's no secret that share prices for big oil are down over the past 12 months. These oil giants have fallen sharply from highs when oil was in the $140's ...
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Safest Stocks As The Market Goes To Hell (PG)(WMT)(CL)(MSFT)(MO)(XOM)

Posted: October 6, 2008 at 9:33 am

It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession ...
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Fear & Loathing: VIX Soars Above 50 As DJIA Takes Out 10,000

Posted: October 6, 2008 at 9:33 am

For those who have been wondering what a full blown bear market looks like, welcome to the jungle.  This looks like another day where along with the bath water, they ...
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The 52-Week Low Club AM Edition 10/6/2008 (GE)(GOOG)(F)(AAPL)

Posted: October 6, 2008 at 8:44 am

As a sign of how difficult the markets are, a number of large companies hit 52-week lows, with a number of stocks down between 5% and 10% and bank shares ...
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Icahn Wins Blue Ribbon in ImClone Race (IMCL, LLY, BMY, MRK)

Posted: October 6, 2008 at 8:40 am

Carl Icahn appears to have won a blue ribbon for ImClone Systems (NASDAQ: IMCL) shareholders.  The biotech stock is trading up on a very weak trading day after what many ...
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Netflix Starting to Mature (NFLX)

Posted: October 6, 2008 at 8:05 am

Trading in shares of Netflix Inc. (NASDAQ: NFLX) gave an interesting pre-market alert at Volume Spike this morning.  The DVD rent-by-mail service is feeling pain early this morning after offering ...
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