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Daily Archives: March 25, 2009

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Government Signals It Will Help GM (GM) And Chrysler: Now The Hard Part

Posted: March 25, 2009 at 7:51 pm

According to The Wall Street Journal, the Administration's auto task force will recommend that the government give GM (GM) and Chrysler billions of dollars in more bailout capital rather than ...
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The Two Sides of the Sohu.com’s Changyou.com IPO (SOHU, CYOU)

Posted: March 25, 2009 at 3:51 pm

We may actually get an IPO as soon as early next week.  This recent filing from Sohu.com Inc. (NASDAQ: SOHU) for the proposed spin-off of Changyou.com is supposed to trade ...
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Will Wells Fargo Become Solar Lender of Choice? (WFC)

Posted: March 25, 2009 at 2:18 pm

There has been an interesting ride in the solar sector that was almost identical to what was seen in the tech bubble days in 1999 and 2000.  Just like the ...
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Does Victory’s Buy of TouchTunes Increase Viability of SPACs? (VRY)

Posted: March 25, 2009 at 1:49 pm

There was a reverse merger yesterday which is essentially a reverse IPO as well.  A special purpose acquisition company, or SPAC, called Victory Acquisition Corp. (AMEX: VRY) announced that it ...
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Going Concern Notes Keep Coming from Auditors (AIG, CTIC, COA, NYNY, TGIC)

Posted: March 25, 2009 at 11:12 am

We are still seeing many auditor notes containing a "going concern" doubt about companies and their ability to continue operations without added funding or business changes.  Last week,we outlined many ...
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Demanding a Resolution

Posted: March 25, 2009 at 10:18 am

Treasury wants more takeover power. Congress should make it happen. By Chadwick Matlin of The Big Money Tim Geithner is getting the hang of this Washington thing. A day after ...
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A Green Business Investing Conference (ASTI, DSTI, HEV, LDK, RSOL, STP, VLNC, VRNM)

Posted: March 25, 2009 at 9:39 am

A conference on clean and green technology sponsored by ThinkEquity LLC opened yesterday in San Francisco. It is billed as a gathering for industry executives, investors, influencers and policy makers ...
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Another Bad Day in the Sun (SOLF)

Posted: March 25, 2009 at 9:24 am

Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) reported fourth quarter 2008 and full-year results this morning. For the quarter, Solarfun posted a net loss of -$1.14/ADS. Revenue was $164.6 million, down ...
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Homebuilder ETF’s Hope This Is A Bottom (XHB, ITB)

Posted: March 25, 2009 at 9:20 am

There was another positive number on new home sales data for the month of February.  It looks like new home sales came in UP 4.7% at 337,000 annualized units.  The ...
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EPA Stutters on Mountaintop Removal Mining (MEE)

Posted: March 25, 2009 at 8:49 am

The US Environmental Protection Agency has sent a letter to two offices of the Army Corps of Engineers related to "potential harmful impacts on water quality" at two surface coal ...
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Short Sellers Lighten Up On Online Brokers (ETFC, AMTD, SCHW)

Posted: March 25, 2009 at 8:31 am

We noticed how short sellers had increased their bets against banks and financials, even if this was right at the time that the big short squeeze came via a huge ...
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Short Sellers Double Down Against Green & Alternative Energy (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

Posted: March 25, 2009 at 8:16 am

There was what appears to be a massive increase in short selling for the period report ending March 13, 2009.  The short selling increases in companies like First Solar, Inc. ...
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Citi (C) And Bank of America (BAC) Buying Distressed Mortgages

Posted: March 25, 2009 at 8:13 am

Secretary Tim Geithner designed a plan to assist the largest banks to rid themselves of toxic mortgage assets, but now Citigroup (NYSE: C) and Bank of America (NYSE: BAC) are ...
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Short Data Shows How Bad Bank Investors Were Bloodied

Posted: March 25, 2009 at 8:09 am

Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, ...
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Holy Smoke, The Durable Goods Game Continues

Posted: March 25, 2009 at 7:38 am

Durable Goods for the month of February has come in with a massive surprise this morning.  These might get washed over because of revisions, but these are much better on ...
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