Posts for Ticker ‘CRYP’

52-Week Low Club (December 28, 2007)

Some of these stocks hit 52-week lows and recovered off of lows so they won’t have a low close.  But these did all touch or breach the 52-week lows.  At the end we also broke out retail stocks, financial stocks, airlines & transports, and hotels.  A separate report could have been compiled for REIT’s as well, but many of those were left off because of room or volume. There were enough 52-week lows today that you might even wonder if there had been a mini-crash in the markets.  Here are the 52-week lows for December 28, 2007:

  • Advanced Micro Devices (NYSE: AMD)… imagine if the company got Hector Ruiz to leave.
  • American Greetings (NYSE: AM)…again.
  • AstraZeneca (NYSE:AZN)… new entrant.
  • Carmike Cinemas (NASDAQ:CKEC)
  • ChipMOS (NASDAQ:IMOS)
  • Corp. Office Property (NYSE: OFC)
  • Cryptologic (NASDAQ: CRYP)
  • Diebold (NYSE:DBD)
  • Fortune Brands (NYSE:FO)
  • Group 1 Auto (NYSE: GPI)
  • Infinera Corp. (NASDAQ: INFN)
  • Introgen (NASDAQ:INGN)
  • Japan Smaller Cap Fund (NYSE: JOF)
  • Lamar Advertising (NASDAQ: LAMR)
  • Legget & Platt (NYSE: LEG)
  • Martha Stewart (NYSE: MSO)
  • Marvell Tech (NASDAQ:MRVL)
  • Mattel (NYSE:MAT)
  • McClatchy (NYSE:MNI)
  • Micron Tech (NYSE:MU)
  • NGAS Resources (NASDAQ:NGAS)
  • Nortel Networks (NYSE:NT)
  • Owens Corning (NYSE:OC)
  • Omnicare (NYSE:OCR)
  • Prestige Brand (NYSE: PBH)
  • PC-Tel (NASDAQ:PCTI)
  • Ruth’s Chris (NASDAQ:RUTH)
  • SanDisk (NASDAQ: SNDK)
  • Theravance (NASDAQ:THRX)
  • Tractor Supply (NASDAQ:TSCO)
  • Wendy’s (NYSE: WEN)
  • World Fuel Services (NYSE:INT)
  • U-Store-It (NYSE:YSI)

Retail Stocks on 52-week lows: Ann Taylor (NYSE:ANN), Big Lots (NYSE:BIG), Borders Group (NYSE:BGP), Bon Ton Stores (NASDAQ:BONT), Chico’s FAS (NYSE:CHS), Finish Line (NASDAQ:FINL), Liz Claiborne (NYSE: LIZ), Macy’s (NYSE: M), Office Max (NYSE:OMX), Petsmart (NASDAQ:PETM), Stage Stores (NYSE:SSI)

Financial stocks on 52-week lows: Bear Stearns (NYSE: BSC), Citigroup (NYSE:C), Canseco (NYSE: CNO), Discover Financial (NYSE: DFS), Fifth Third Bancorp (NASDAQ:FITB), Fortress Investment (NYSE: FIG), MBIA Inc. (NYSE: MBI), Washington Mutual (NYSE:WM)… urgh!  When does it stop?

Airlines/Transports on 52-week lows:  Airtran Holdings (NYSE: AAI)…again.  Did they launch a Friends Die Free rewards plan?  Continental Airlines (NYSE:CAL), Fedex (NYSE:FDX), Mesa Air (NASDAQ:MESA), Northwest Airlines (NYSE: NWA)… near $100 oil is a real pain.

Hotels Hitting 52-week lows: Host Hotels (NYSE: HST), Lasalle Hotel (NYSE: LHO), Starwood Hotels (NYSE:HOT), Sunstone Hotel (NYSE: SHO), Wydham Worldwide (NYSE:WYN).  Maybe these all wish they could get the private equity buyers back in the sector.  If only they could still borrow.

These CEO’s new year’s resolutions are all the same: "In 2008 I want to keep my stock off the 52-week low lists."

Jon C. Ogg
December 28, 2007

Posted on: December 28, 2007 – 3:01 pm in HI/LOW, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Online Poker Protesting May Highlight Few Shares (CRYP, GIGM, UBET)

We have noted several stocks in the past for online gambling repeals that would benefit if online gambling bans for U.S. citizens were lifted.  Among these that trade in the U.S. are:

Cryptologic (NASDAQ:CRYP) is sort of the pure-play  stock that traders would look at that trades in the U.S., although the former Canadian company moved overseas closer to its European client-base.
Taiwan’s online gaming software company that traders look to is GigaMedia Ltd. (NASDAQ:GIGM).
YouBet.com (NASDAQ:UBET) is one such company, although it too has had issues in the past.

The Poker Players Alliance is petitioning Capitol Hill this week to repeal part of the ban on online gambling, or at least for online poker.  The alliance apparently represents 800,000 poker enthusiasts and is looking to get poker put in the same exemptions as online horse racing, lotteries, and fantasy sports.  This follows a move by Congressman Barney Frank which we covered earlier this year, and his efforts are apparently gathering more support.

Interestingly enough, playing poker online is still done regularly and legally.  But processing payments is the illegal part for U.S. citizens, and the laws currently allow the government to go after financial institutions that facilitate such payments if they process online gambling payments for U.S. citizens.

In the U.K., stocks like PartyGaming Plc and 888 Holdings Plc are two of the online gambling companies that would benefit from a repeal in online gambling for poker.

It is probably far too soon to make bets, no pun intended, on how this turns out.  Even if the puritanical ban ends up getting repealed, it is not something that will happen overnight.

Jon C. Ogg
October 23, 2007

Posted on: October 23, 2007 – 6:43 am in Casinos, Entertainment, Regulation, , ,

Pre-Market Stock News (August 20, 2007)

(AXP) American Express is selling its private banking unit.
(CFC) Countrywide is laying off loan originators and support staff as applications are down and to cut costs.
(CHINA) CDC Corp. announced a $225 million share stock offering.
(CLWR) Clearwire has insiders from debt conversion selling $369 million in stock.
(CRYP) Cryptologic gets a pact from World Poker Tour.
(EMC) EMC could be worth 20% more in a year according to Barron’s.
(GOOG) Google took a stake in Chinese community Web site Tianya.cn for social networking.
(KFN) KR Financial has shareholders selling 16 million shares; and will have a public rights offering up to $270 million; principals of Kohlberg Kravis Roberts will purchase up to approximately $100 million of common shares at $14.40 if not fully subscribed.
(KNSY) Kensey Nash $0.11 EPS vs $0.15 est.
(LLNW) Limelight Networks announced that MyVideo.de video delivery service in Germany has selected Limelight as its exclusive provider of CDN services.
(LOW) Lowe’s trading up 4% after $0.67 EPS vs. $0.61 estimates; same store sales fell 2.6% for the quarter.
(LYV) Live Nation may win Madonna from Warner Music in a $100 million deal.
(MHP) McGraw Hill down on JPMorgan downgrade.
(NDAQ) NASDAQ is reviewing alternatives to divest its stake in London Stock Exchange; says $1 Billion will be used to retire debt and buyback stock.

Jon C. Ogg
August 20, 2007

Posted on: August 20, 2007 – 7:03 am in Pre-Market Activity, , , , , , , , , , ,