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Daily Archives: January 8, 2009

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The Pain of Chasing Warren Buffett (BRK-A, GS, GE, WFC, AXP, BNI, COP, MCO, USB)

Posted: January 8, 2009 at 5:13 pm

Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to ...
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Chevron, Lower Prices, Lower Money (CVX, SLB)

Posted: January 8, 2009 at 5:10 pm

Chevron Corp. (NYSE: CVX) has just laid the second ground-breaking path in the oil sector today.  It lowered guidance "significantly."  We already noted pending layoffs at Schlumberger Limited (NYSE: LTD), ...
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Coach Continues To Be Economic Victim (COH)

Posted: January 8, 2009 at 4:44 pm

It has been long-removed since the belief that Coach, Inc. (NYSE: COH) was going to be immune from the consumer spending squeeze.  Tonight we are seeing this again with a ...
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The 52-Week Low Club (HELE)(ISRG)(VAR)

Posted: January 8, 2009 at 4:04 pm

Helen of Troy (HELE) Bad quarter. Sells off to $`12.01 from 52-week high of $24.70.Intuitive Surgical  (ISRG) Weak sales numbers. Drops to $99.75 from 52-week low of $357.98.Varian (VAR) Healthcare ...
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Hidden Cost Of Low Oil: Energy Sector Layoffs (SLB, HAL, BHI, XOM, CVX)

Posted: January 8, 2009 at 1:51 pm

If you have somehow managed to be out since last summer when the oil boom was still in full-speed, there is one issue you would not have guessed was coming ...
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Suncor Production Heads South (SU)

Posted: January 8, 2009 at 1:23 pm

Suncor Energy Inc. (NYSE:SU) reports today that production from its oil sands operations averaged 235,000 barrels/day for December. In October, production averaged 258,000 barrels/day. Third quarter production averaged 261,000 barrels/day. ...
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Norway Drills More, Finds Less

Posted: January 8, 2009 at 1:20 pm

Norway's Petroleum Directorate reported yesterday that the company had drilled 56 exploration wells in 2008, of which 25 resulted in new discoveries. That's the good news. The not-so-good news is ...
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Less Demand, Less Coal, Less Profit (BTU, ACI, CNX, MEE)

Posted: January 8, 2009 at 11:43 am

Peabody Energy Corporation (NYSE:BTU) yesterday reduced its production estimates for Wyoming's Powder River Basin and for its Australian coal mining. The company said it has produced "in excess of ...
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Retail Winners In Hard Times (ARO, APP, HOTT, BKE)

Posted: January 8, 2009 at 10:52 am

There are actually a few bright spots in retail despite an economy that is still getting worse and an environment where the consumer is getting poorer and less certain about ...
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More 3X Leverage ETF’s (MWJ, MWN)

Posted: January 8, 2009 at 10:05 am

If you wanted more access to leveraged ETF investing, your dreams are coming true.  Direxion announced the addition of two new Direxion Shares "3x ETFs" to its existing line- up ...
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Day Trader Alert (ANDS)(NAT)(DRYS)(ISRG)

Posted: January 8, 2009 at 9:43 am

Nordic American Tanker Shipping Ltd. (NYSE: NAT) is getting hammered this morning on very active trading. details...DryShips inc. (NASDAQ: DRYS) has little overlap in the sub-sector of shipping other than ...
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Could Palm (PALM) Bounce After Launching A New Product At CES?

Posted: January 8, 2009 at 9:18 am

A couple weeks ago, Palm (Nasdaq: PALM) Board Member, Roger McNamee, appeared on CNBC and hinted a revolutionary new product that will launch at the Consumer Electronics Show (CES).Crunchgear has ...
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Niche Trading Firm Mergers Not Dead (AMTD, SWIM, OXPS, TRAD)

Posted: January 8, 2009 at 9:18 am

It seems that the appetite for online brokerage firms to do selective M&A deals is not entirely dead.  TD Ameritrade (NASDAQ: AMTD) has announced this morning that it is acquiring ...
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Weekly Jobs Data: When Less-Bad Is Good

Posted: January 8, 2009 at 8:35 am

The Labor Department just released the Weekly Jobless Claims data for the week ended January 3.  While this number is arguably one that could have fluctuated wildly after the same ...
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The Misleading Nature of Government Statistics

Posted: January 8, 2009 at 8:31 am

By John Tamny  RealClearMarkets"Macroeconomics is a tautology and a myth, a dangerous one at that, sustaining the illusion that prosperity is necessarily linked with territory, national units, and government spending ...
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