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Daily Archives: October 24, 2008

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Chimera & Annaly, Venturing Further With Vulture Capital (CIM, NLY)

Posted: October 24, 2008 at 12:23 pm

Chimera Investment Corporation (NYSE: CIM) has raised cash via a secondary offering.  The mortgage and fixed income investment vehicle, which we have referred to as the first public vulture fund ...
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How The New York Times (NYT) Should Save Itself

Posted: October 24, 2008 at 11:59 am

The New York Times is now running on fumes. S&P has downgraded the company's debt to junk, and Moody's is about to do the same. The stock has fallen to ...
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What The NCC (NCC) Deal Says About Bank Balance Sheets

Posted: October 24, 2008 at 9:46 am

NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday.NCC's ...
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Can The VIX Hit 100?

Posted: October 24, 2008 at 9:10 am

The CBOE Volatility Index, or the VIX, has historically been used to measure extreme oversold levels.  Unfortunately, history books are about as useful as slapstick and pulp fiction for traders ...
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5 Friday Stock Winners Despite Market Carnage (CLS, COLM, INSU, IPCR, WDC)

Posted: October 24, 2008 at 8:53 am

The few winners out there on this ugly friday morning are few and far between, but here are some of the stocks that have managed to actually trade higher despite ...
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PNC and National City Banks Merge Despite Armageddon (PNC, NCC)

Posted: October 24, 2008 at 8:35 am

Today is one ugly day for financial stocks, and probably one of the crummiest days so far that you could pick to announce a merger.  Yet hold on to your ...
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Major Tech Stocks Challenging Recent Lows (MSFT, CSCO, AAPL, RIMM, INTC, AMZN, DELL)

Posted: October 24, 2008 at 8:02 am

Tech stocks are far from immune in the selling.  We put together a list of the major stocks trading sharply lower on active trading and we listed the previous 52-week ...
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Banks Tank, Yet Most Still Above 52-Week Lows (BAC, C, GS, JPM, MS, NTRS, USB, WFC)

Posted: October 24, 2008 at 7:44 am

This is obviously one of our ugliest mornings in years with futures trading limit down.  What is interesting is that the financial stocks are the most leveraged to this, yet ...
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Top Pre-Market Analyst Upgrades (ACC, CLS, CHS, EL, JBLU, SLGN, TRMB)

Posted: October 24, 2008 at 7:05 am

These are some of the top pre-market analyst upgrades we are seeing this Friday-crash morning:American Campus (ACC) Raised to Outperform at Baird.Celestica (CLS) Raised to Outperform at CIBC.Chico’s FAS (CHS) ...
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Top Pre-Market Analyst Downgrades (ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY)

Posted: October 24, 2008 at 7:03 am

These are some of the top pre-market analyst downgrades we are seeing this Friday-crash morning:Allegheny Tech (ATI) Cut to Hold at Deutsche Bank.Baidu.com (BIDU) Target Cut to $260 from $350 ...
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Quick Cheat Sheet On Circuit Breakers & Limit Down Futures

Posted: October 24, 2008 at 6:46 am

We wanted to give you a brief snapshot of how futures work in "limit down" mode pre-market and then give you a quick hit on how the actual stock market ...
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Angrybear

Does The Dow Drop 1,000 Points?

Posted: October 24, 2008 at 6:25 am

The DJIA could drop 1,000 points today. Japan was down 10%. The sell-off rolled across Asia and then hit Europe. Dow futures got down almost 600 points.There is some confusion ...
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An OPEC Cut That Doesn’t Count

Posted: October 24, 2008 at 6:13 am

OPEC said it would cut oil production by 1.5 million barrels a day. Its normal output is about 32 million, so in most cases since the embargo in 1973/74, that ...
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Msft

Another Break-Up Of Microsoft (MSFT)

Posted: October 24, 2008 at 5:33 am

It is not that long ago that The Justice Department suggested that Microsoft (MSFT) was so powerful that it needed to be broken into pieces. In 2000, Justice hired famous ...
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Bailout Moves Toward $2 Trillion

Posted: October 24, 2008 at 5:10 am

There is an “official” government bailout number. That is the $700 billion Congress gave to Henry Paulson to hand out as he pleases. Most of it will go into buying ...
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