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Daily Archives: December 10, 2008

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California Out Of Cash

Posted: December 10, 2008 at 4:54 pm

It isn't even Michigan. At least with the car companies about to go under there would be some excuse.California says it will run out of money on Monday. (more...) ...
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Will Auto Co. Credit Default Swaps Get Swamped? (GM)(F)

Posted: December 10, 2008 at 4:40 pm

It may be old school but for every action their is an equal and opposite reaction.Take the auto bailout. It turns out that creating a car czar with special powers ...
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Is Another Shoe Dropping on Baidu.com? (BIDU)

Posted: December 10, 2008 at 4:36 pm

Baidu.com, Inc. (NASDAQ: BIDU) looks like a stock in trouble.  Again. The Chinese search leader was hitting new 52-week lows before the market recovered late in the day.  The exacerbated ...
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A 200% Buyout Premium From Private Equity (ANL)

Posted: December 10, 2008 at 2:13 pm

American Land Lease Inc. (NYSE: ANL) is perhaps one of the more unusual plays seen yet in private equity acquisitions.  Despite a 200% premium, the more odd part of "for ...
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AIG Tries To Address ‘$10 Billion Claim’ (AIG)

Posted: December 10, 2008 at 1:18 pm

American International Group, Inc. (NYSE: AIG) is trying to correct or refute the article that appeared today in The Wall Street Journal saying it still has some $10 billion in ...
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Autos: Bailout To Lock-Out? (GM, F)

Posted: December 10, 2008 at 12:46 pm

Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House.  In other words, in theory.  But now ...
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Short Sellers, No Direction in Biotech (AMGN, BIIB, CELG, GENZ, GILD)

Posted: December 10, 2008 at 11:04 am

It seems that short sellers have no real direction in the major NASDAQ biotech stocks from mid-November to late-November.  Generally you see a pattern.  This month the only pattern seems ...
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Short Seller Surprise, Alternative Energy Mixed Bag (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

Posted: December 10, 2008 at 10:35 am

With oil tanking, many alternative energy stocks and solar stocks have been paying for it.  They were the leveraged winners when oil was running up and now they are paying ...
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Encore: Change Partners and Dance (EAC, ENP)

Posted: December 10, 2008 at 10:23 am

Yesterday, we reported on a deal involving a master limited partnership buying a property from the owner of its general partner. Last night, Encore Energy Partners (NYSE:ENP) announced that it ...
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Wanted: Investors in Russian Energy (XOM, RDS.A, BP)

Posted: December 10, 2008 at 10:14 am

Falling crude oil prices have hit Russia particularly hard. The country needs a crude price of about $70/b to cover production costs and to fund the government. So, what ...
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Shorts Gang Up on Top NASDAQ 100 Tech Stocks (AMZN, AAPL, CSCO, DELL, GOOG, INTC, MSFT, ORCL, RIMM, YHOO)

Posted: December 10, 2008 at 9:49 am

As you will see, most of the top technology stocks from the NASDAQ 100 saw an increase in the number of shares being sold short from mid-November to late November.  ...
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If Bank Analyst Is Right About Bank Of America (BAC) And Wells Fargo (WFC) No One Seems To Care

Posted: December 10, 2008 at 9:46 am

A leading bank analyst is certain that Wells Fargo (WFC) and Bank of America (BAC) are going to have to raise more money. No one seems to be listening. Both ...
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Cowen Throws In The Towel on MasterCard (MA) and Visa (V)

Posted: December 10, 2008 at 9:21 am

Analysts at Cowen & Co are throwing in the towel on the recent high-flying credit card processors MasterCard (MA) and Visa (V), downgrading both from outperform to underperform, citing deteriorating ...
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Eastman Kodak Proves Silver Can Rust (EK)

Posted: December 10, 2008 at 9:14 am

Eastman Kodak Co. (NYSE: EK) has been trying to turn a corner for quite some time.  This morning the company turned a corner, and walked right into Thor's Hammer.  The ...
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Top Pre-Market Analyst Upgrades (ALU, ASR, BMY, DD, FORR, HE, QCOM)

Posted: December 10, 2008 at 8:50 am

There are few positive calls this morning from Wall Street analysts, but these are the ones we have caught this morning:Alcatel-Lucent (ALU) Raised to Sector Perform at RBC.ASUR (ASR) Raised ...
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