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Thursday Thrust – Just Buy the F'ing Dips!
Thursday, December 2, 2010 - 4:00pm | 2659By Phil of Phil's Stock World It's very sad when you can get your best financial advice from cartoon characters. I apologize for the language but this video pretty much says it all. As the man in green says: "Buy the f'ing dip, you f'ing idiot." That's...
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Momentum Names Falling Despite Strong Tape (NFLX, AKAM, CMG, CRM)
Thursday, December 2, 2010 - 3:06pm | 103Just wanted to point out that despite the strong tape during Thursday's trading session some closely watched momentum stocks appear to be fizzling out. Shares of Netflix (NASDAQ: NFLX), arguably the hottest stock on the planet, have lost 2.53% and are currently trading at $195.08. Akamai...
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Time Warner VP Is A Subscriber To Netflix
Thursday, December 2, 2010 - 12:59pm | 113Time Warner Olaf Olafsson said he's a subscriber to Netflix (Nasdaq: NFLX). Olafsson said it is early in this streaming media business and he likes what Netflix offers, but he doesn't know if the financial model makes sense. Time Warner's Olafsson say for $7.99 a month, "how much premium content...
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Bookkeeping: Selling Another 30% of the Acme Packet (APKT)
Thursday, December 2, 2010 - 10:51am | 479For reasons of "Egregious" I am selling another 30% exposure to Acme Packet (APKT) (using yesterday morning's position size as the guide) shrinking my exposure to 0.5%. I sold over $50 yesterday morning on a 4% move, but it kept running and ended up 8%ish for the day, after being up 10% the...
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Benzinga's Top Pre-Market NASDAQ Losers (SQNM, ITRI, SNPS, NFLX)
Thursday, December 2, 2010 - 10:03am | 112Sequenom Inc (NASDAQ: SQNM) dipped 7.05% to $6.33 in the pre-market session. SQNM announced its plans to launch underwritten public offering of its stock. Itron Inc (NASDAQ: ITRI) lost 2.80% to $54.75 in the pre-market session. ITRI's trailing-twelve-month ROE is 6.19%. Synopsys Inc (NASDAQ: SNPS)...
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Netflix Down 3% In Strong Tape (NFLX)
Wednesday, December 1, 2010 - 4:59pm | 62Netflix, Inc. (NASDAQ: NFLX) is down more than 3% today, despite a strong market. NFLX was seeing weakness early in pre-market trading, which could be a sign that the name is getting tired and traders are beginning to rotate out of the name. At last check, shares of NFLX were off $6.31, a loss of 3...
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Technical Analysis and the Iron Condor Strategy
Wednesday, December 1, 2010 - 4:36pm | 1543As one step of the trading process, some traders will take a meticulous deep dive into chart patterns (and accompanying technical indicators) before opening any new positions. Others dismiss all technical analysis as irrelevant or even nonexistent. What makes one intangible “line” (a moving...
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Top Narrow Based Indexes For December 1 (DIET, PRAA, ANSS)
Wednesday, December 1, 2010 - 12:28pm | 188By 11:18 am, the Dow Jones Industrial Average was up 193.83 points, or 1.76%, to 11,199.85, while the broader Standard & Poor's 500 index had gained 14.32 points, or 1.21%. The NASDAQ composite index rose 50.22 points, or 2.01%. Some of the narrow based indexes that are driving the markets are...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 10:30am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Wedbush Initiates Coverages (MED, NTRI, WTW)
Wednesday, December 1, 2010 - 10:29am | 53Wedbush initiates coverages on the following companies: Medifast (NYSE: MED) Outperform rating; price target $32 Nutrisystem (NASDAQ: NTRI) Neutral rating; price target $22 Weight Watchers (NYSE: WTW) Outperform rating; price target $42
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Cyber Monday: Biggest Ever
Wednesday, December 1, 2010 - 10:19am | 113COMSCORE, Inc. (NASDAQ: SCOR) said that Cyber Monday surpassed $1 billion in sales, making it the largest online shopping day in history. For the holiday season-to-date, $13.55 billion has been spent online, a 13% increase over the same time frame last year. A few of the prime beneficiaries of...
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Jefferies Has Positive Outlook on Expedia (EXPE)
Wednesday, December 1, 2010 - 10:18am | 78Jefferies initiates coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a $36 price target. In its report to investors, Jefferies writes, "Our Buy rating on Expedia reflects a) a robust distribution platform, which leverages strong brand portfolio and the largest audience WW, b) sizable growth...
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Jefferies Initiates Coverage on Orbitz Worldwide (NASDAQ: OWW)
Wednesday, December 1, 2010 - 8:50am | 24Jefferies initiates coverage on Orbitz Worldwide (NASDAQ: OWW) with a Hold rating and a $6.50 price target.
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Jefferies Initiates Coverage on Expedia (EXPE)
Wednesday, December 1, 2010 - 8:40am | 23Jefferies initiates coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a $36 price target.
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 5:07am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...