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Daily Archives: October 7, 2008

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Growing List of Damaged Post-IPO’s (SB, NM, RSOL, RAX, IPI, WES, PSE)

Posted: October 7, 2008 at 4:17 pm

We would be reporting the economic numbers from the government's Department of Redundancy Department if we said it is an ugly bear market and if we told you that the ...
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Northern Technologies Raising Cash (NTIC)

Posted: October 7, 2008 at 3:49 pm

Northern Technologies International Corp. (NASDAQ: NTIC) has filed a shelf offering to sell stock, warrants, and units in an amount of up to $50 million.   The company has said it ...
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Alcoa Earnings, A Sideshow Compared To Forward Expectations (AA)

Posted: October 7, 2008 at 3:33 pm

If you care about earnings in the commodity and metals sector, Alcoa Inc. (NYSE: AA) has just missed its earnings and given cautious guidance.  It posted earnings of $0.33 per ...
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The 52-Week Low Club (TSL)(RBS)(GGP)(SANM)

Posted: October 7, 2008 at 2:58 pm

General Growth Properties (CGP) Trouble re-financing. Down to $3,51 from 52-week $57.84,Trina Solar (TSL) Solar stocks downgraded on oversupply. Falls to $12.43 from 52-week high of $68.25.Royal Bk Scotland Group ...
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Consumer Credit Evaporates

Posted: October 7, 2008 at 2:11 pm

If our calendar and math are correct, the data from the Fed just released on consumer credit in August shows that the rate of borrowing has come down to levels ...
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Strategic Hotels & Resorts: Bill Gates Vs. Goldman Sachs (BEE)

Posted: October 7, 2008 at 1:11 pm

Following billionaires, activist investors, and even opportunists has been a difficult job in recent weeks.  Activists can blame poor management decisions, but they cannot blame management over stock prices in ...
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Bernanke Leaning Toward Rate Cuts & More Actions

Posted: October 7, 2008 at 12:26 pm

If you were looking for a strong tone from Ben Bernanke, he may have given you what you wanted to hear.  Today's speech  to the National Association for Business Economics ...
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Watch Google (GOOG) Go To $250

Posted: October 7, 2008 at 11:46 am

Google (GOOG) hit another 52-week low today bottoming at $348.23. So far this year, shares in the big search company are off 45%. By contrast, Time Warner (TWX) is down ...
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Interim Reports Mixed for Oil Companies (APC, MMR, CVX)

Posted: October 7, 2008 at 9:58 am

Energy companies are focusing on just a couple of things as they head into earnings season. First is debt and financing; second is production, especially for those companies who suffered ...
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Department Of Energy Predicts Large Increase In Oil Prices

Posted: October 7, 2008 at 9:51 am

It is hard to believe that crude prices would drop from $147 this summer to under $90.The Department of Energy believes prices will move back up. The agency now predicts ...
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The Witch Burning At Yahoo! (YHOO) Turns Ugly

Posted: October 7, 2008 at 9:12 am

Yahoo! (YHOO) seems to have several options to revive its moribund business, but the market is not buying them based on the portal company's share price. The stock trades just ...
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A Costless Bank-Rescue Proposal

Posted: October 7, 2008 at 8:32 am

By John Tamny  RealClearMarketsAmid much fanfare, Treasury Secretary Paulson's $700 billion plan to allegedly save the banking system passed last Friday. The Dow Jones Industrial Average was up 250 points ...
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Corning Outlines Slower Growth Expectations (GLW)

Posted: October 7, 2008 at 8:25 am

Corning Inc. (NYSE: GLW) is addressing the slowing economies and supplies and how these will impact the company.   Vice Chairman and CFO James Flaws is presenting some longer-term projection data ...
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More ETF’s Bite The Dust, Including Wal-Mart ETF (SAW, PUF, MYP, WSI, WMT)

Posted: October 7, 2008 at 7:56 am

Another ETF group with esoteric index funds is closing down and liquidating several ETF programs.  FocusShares, LLC has announced that its board and its advisors plan to discontinue and liquidate ...
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Fed’s Term Auction Facilities Lack Meat For Hungry Market

Posted: October 7, 2008 at 7:41 am

A procedural announcement from the Federal Reserve is being blamed for the stocks going from positive by about 9 points to being down by 2 points this morning.  The market ...
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