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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 20
Monday, December 21, 2009 - 9:42am | 2711Year 3, Week 20 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 78.4% (v 80.7% last week)23 long bias: 18.9% (v 17.0% last week) 3 short bias: 2.7% (v 2.3% last week) [includes 1 option position]26...
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Bookkeeping: Stopped Out of Most EnerNOC (ENOC), Closing Discover Financial Services (DFS)
Friday, December 18, 2009 - 2:05pm | 549The market action remains akin to scraping fingernails across a chalkboard. Impossible to make any progress with a diversified portfolio, unless you are flying in and our of trades with under 24 hour duration. EnerNOC (ENOC) encountered a failed breakout after 3 days of teasing- we added a big...
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Anadys Drug Meets Key Study Goals - Analyst Blog
Friday, December 18, 2009 - 12:56pm | 438Anadys Pharmaceuticals Inc. (ANDS) announced that its lead candidate, ANA598, which is being developed for treating patients with hepatitis C virus (HCV) infections has met its key goals in a mid-stage study. The study saw HCV patients being treated with ANA598 in combination with pegylated...
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Stock Market News for December 17, 2009 - Market News
Thursday, December 17, 2009 - 9:59am | 398The US Federal Reserve’s extraordinary intervention in the credit markets that began almost two years ago is likely to continue – at least in the near future. Yesterday, at the end of the two-day meeting of the Federal Open Market Committee, the Fed repeated its commitment to keep interest rates “...
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Benzinga's Earnings Preview (ORCL, ACN, DFS, RAD, RIMM, NKE)
Thursday, December 17, 2009 - 6:53am | 274Oracle Corporation (NASDAQ: ORCL)(FREE stock trend analysis) is expected to report fiscal second-quarter earnings of 36 cents a share on revenue of $5.69 billion. Wednesday, ORCL closed at $23.11. Accenture Plc (NYSE: ACN)(FREE stock trend analysis) is projected to report fiscal first-quarter...
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Pawn Shops Breaking Out - EZCORP (EZPW) and First Cash Financial Services (FCFS)
Wednesday, December 16, 2009 - 5:01pm | 1046We had a few unsucessful forays into pawn shops in latter 2008 and earlier in 2009 as I tried to think of sectors that would benefit from the bad economy. Unfortunately, legislation running through government [Mar 1, 2009: Payday Lenders get Obama'd] against the cash advance side of the business (...
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DFS To Post Solid Results For Q4
Wednesday, December 16, 2009 - 2:36pm | 138Analysts at Jefferies & Co maintain their "buy" rating on Discover Financial Services (NYSE: DFS)(FREE stock trend analysis), while raising their estimates for the company. The target price for DFS is set to $20. Discover Financial Services is scheduled to report its F4Q09 results on December...
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Backed By The Economic Recovery, Capital One (COF) Can Significantly Grow Its Earnings
Tuesday, December 15, 2009 - 5:19pm | 77Barclays has given a 12-month price target of $50 and an overweight rating for Capital One Financial Corp. (NYSE: COF)(FREE stock trend analysis). It believes that with the economy showing signs of recovery, peak in credit costs should soon follow, allowing Capital One to significantly grow...
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Barclays Capital Update On SLM Corp. (SLM)
Tuesday, December 15, 2009 - 4:00pm | 86Barclays Capital has given a 2-Equal Weight to SLM Corp. (NYSE: SLM) after the recent iiBIG Student Loans Financing conference and the legislative developments, including Senator Casey's bill. The analyst has significant doubts about the future of FFELP among the student loan industry. The report...
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COF’s Charge Offs Increase In November Due To Seasonal Pressure
Tuesday, December 15, 2009 - 2:58pm | 125Analysts at Bank of America Merrill Lynch maintain their "neutral" rating on Capital One Financial Corp (NYSE: COF). The target price for COF is set to $41. Capital One Financial has reported higher-than-expected credit losses for November. Although November is a seasonally weak month, the...
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Did Goldman Sachs OverPay The Treasury?
Monday, December 14, 2009 - 4:52pm | 181Goldman Sachs (NYSE: GS) may have just paid through its nose to the Treasury. Richard Beales and Robert Cyran of the NY Post (NYSE: NWS) argue that Goldman Sachs bought back 10 year old warrants from the Treasury at a much higher price than some of its peers like JPMorgan Chase (NYSE: JPM) ,...
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Bankers to be warned on bonuses by President Obama
Monday, December 14, 2009 - 1:19pm | 290White House officials say that in a meeting later today, President Obama will have some tough words for bank executives. The expected participants include Summers, Geithner - senior White House adviser Valerie Jarrett, chair of the Council of Economic Advisers Dr Christina Romer and the following...
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Treasury Sells JPMorgan Warrants - Analyst Blog
Monday, December 14, 2009 - 11:00am | 492JPMorgan Chase (JPM) warrants held by U.S. government’s bank bailout program were sold for $936.1 million on Dec11. The Treasury Department’s second auction of warrants held by the Troubled Asset Relief Program (TARP) drew $10.75 each for 88.4 million of the securities. These warrants were...
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Capital One Positioned Well To Weather The Storm
Wednesday, December 9, 2009 - 2:38pm | 41Capital One (NYSE: COF) says it is positioned well to weather the storm. Additionally, Capital One said that the new laws will have a minimal effect on COF. Capital One is trading up 1.3% in today's trading.
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Fox Catches Tiger Woods Hiding In A Private Island
Wednesday, December 9, 2009 - 12:46pm | 81Fox news reported that Tiger Woods and wife Elin Nordegren are planning to move temporarily to a private island near Sweden to escape from media glare. Companies with whom he has endorsement deals: Accenture Plc (NYSE: ACN), NIKE Inc. (NYSE: NKE), American Express Company (NYSE: AXP) and...