Multi-line Insurance

Thanks to a reader for alerting me on this action Friday - the shell known as bankrupt Lehman Brothers (LEHMQ.PK) which now trades on the pink sheets rallied a solid 200% Friday. And why not - fundamentals no longer matter; even having a functioning business is just an afterthought. As long as you...

I caught a neat post from The Reformed Broker blog titled "What Your Favorite Blogs Were Saying at the Bottom". Despite not being one of the Reformed Broker's favorite blogs, if you are reading this I am sure I am *your* favorite blog and you are what matters. ;) The bottom in retrospect was March...

I always like to take a look to see what stocks are "working" - helps me see where the money is going and what trends I am missing. I generally like to follow stocks over $5 only but since there is a bevy of "hot money" being made in the dollar stock area I thought I'd list those too this time...

A week ago Monday the market had a horrific selloff (cough)... I believe it was over 1% (cover the children's eyes). Since that fateful day in our history, the market has finished positive each and every day. We are now in week 7 of this rally of about a 20% gain. Usually our rallies during this...

Figures. Was chasing Shanda Interactive (SNDA) with limit orders for the better part of a month; finally threw in the towel Tuesday and just went with a market order about $5 lower than I had my first limit order set at, and it has done nothing but rally since. My stop was $51.20 - offsetting...

Robert Benmosche, the new CEO of bailed-out insurer American International Group (NYSE: AIG), is in no rush to break apart what was once the world’s largest insurer.

Genworth Financial (NYSE: GNW) is recently up 65c to $10.25. GNW is presenting at the Keefe Bruyette Insurance Conference on September 9. GNW call option volume of 15,160 contracts compares to put volume of 9,387 contracts.

I guess "High Frequency Trading" is the official term for what I've called HAL9000 for the past few years... the Wall Street Journal has a nice story on Getco, one of the major players. It would best to familiarize yourselves with the actions of these few firms who now (depending on where you ask...

This came out of left field... somehow Blackstone Group (BX) has become the #1 player in fund of (hedge) funds. I guess not getting caught up with Bernie Madoff has its priveledges. Via NY Post Considering this is not their core business, it is just icing on the cake. But really why am I...

The surreal life in the subsidized stock market continues. I will say in the old market activities like we are seeing now would make me so contrarian... but it's a new paradigm. Government sponsored stocks is a whole different animal. Via the Wall Street Journal Since Aug. 5 — when we saw names...

Robert Benmosche, the new CEO of American International Group Inc (NYSE: AIG) said he contacted Maurice Greenberg, the man who built the company into what was the largest insurer in the world, as a sounding board when he was first approached about the job and after accepting it has turned to him...

Nymox Pharmaceutical Corporation (Nasdaq: NYMX) claimed that NX-1207,produces strongly positive results when given to animals with hepatocellular carcinoma (HCC). In the experimental studies, the cancers were significantly reduced in size after 2 local injections of NX-1207.

World market indexes closed higher after indexes in Asia, North America and Europe rebounded. Commodities prices edged higher but natural gas dipped below $3 mBTU. World steel production fell at a slower pace in July. AIG surges on tough talk by the newly appointed chief. Sears reports wider loss....

BASEL, SWITZERLAND--(Marketwire - August 18, 2009) - Basel, Switzerland, August 18, 2009 - Basilea Pharmaceutica Ltd. announces that the company was notified today that the U.S. Food and Drug Administration (FDA) issued to Johnson & Johnson Pharmaceutical Research and Development, L.L.C. (J...