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Bookkeping: Stopped Out of E-House Holdings (EJ) Short
Monday, November 16, 2009 - 4:57pm | 778We continue to live in a student body left trading environment; the same since summer 2008. Trying to short anything is just about as fruitless now as going long anything for much of latter 2008 and early 2009. It's like stealing candy from a baby... except you are the baby. Long - short...
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Rogers Recommends Jones Lang LaSalle (JLL) and CBS, Says Barron's
Monday, November 16, 2009 - 12:36pm | 58John Rogers, of Chicago's Ariel Investment, recommended the shares of commercial-property manager and investor Jones Lang LaSalle (NYSE: JLL) and broadcaster CBS (NYSE: CBS), based on prospective earnings growth. However these are long term picks. JLL was trading at $54.25, a 3.33% rise, while CBS...
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Bookkeeping: Short E-House Holdings (EJ)
Tuesday, November 10, 2009 - 2:16pm | 386We have a very tiny long E-House Holdings (EJ) which we would add to on any breakout north of resistance but unlike many of our other names, this stock has been held back by some of its moving averages. Since we are so lacking of short exposure, I thought I'd give it the college try since we have...
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Fund Performance Period 11
Monday, November 9, 2009 - 5:05pm | 4249As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund...
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Grubb & Ellis Completes $90 Million Preferred Equity Transaction
Friday, November 6, 2009 - 5:01pm | 173Grubb & Ellis Company (NYSE: GBE) today announced the completion of its $90 million offering of 900,000 shares of a new issuance of a 12 percent cumulative participating perpetual convertible preferred stock. Grubb & Ellis estimates that the proceeds from the offering were approximately $85...
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CB Richard Ellis Group, Inc. (NYSE:CBG) Could Rebound Despite Broader Market Correction
Wednesday, November 4, 2009 - 10:55am | 72CB Richard Ellis Group, Inc. (NYSE: CBG) is trading just over $10 in today’s session, the stock has just recently finished its own downward correction, and is a favorite for a strong, sharp rebound. CB Richard Ellis Group Option trading activity is small but its volatility status will help short...
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Tom Gayner Portfolio Focus (MKL, BRK.A, MCD, KO, PG, CPB, ABT, MSFT,MSFT, MAR, SYY, CXMSF, CVA, COP, NYX, CBG, FR)
Friday, October 30, 2009 - 1:22pm | 331Tom Gayner is the CIO for Markel Corporation (NYSE: MKL). He is one of the finest minds in investing and was once said to be the best CIO to replace Warren Buffet in Berkshire Hathaways (NYSE: BRK.A). Gayner is considered a value investor that has simple rules in finding companies to invest in,...
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Real Estate Stocks To Stay Away From (MAS, SSD, STRS, DDR, TOL, BAC, FNFG)
Wednesday, October 28, 2009 - 3:50pm | 242With the sale of newly constructed homes dropping 3.6%, investors start to question investing in Real Estate Stocks. With the expiration of the New Homebuyers Tax Credit, Things could become more challenging for real estate related companies. In lieu of this, Benzinga Analysts looked at companies...
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Bookkeeping: Cutting Back E-House Holdings (EJ) Further
Monday, October 26, 2009 - 12:24pm | 556Fascinating session - I am enjoying this massive cash hoard as this action unfolds. Last Thursday, we cut back E-House Holdings (EJ) by 60% as it triggered a stop loss in the $20.30s and broke support, under the 50 day moving average. This took us down from a 1.6% exposure to 0.6%. The chart ...
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Grubb & Ellis (GBE) Announces $90 Million Preferred Equity Transaction
Friday, October 23, 2009 - 12:38pm | 74Grubb & Ellis Company (NYSE: GBE)announced that the company has entered into definitive agreements with qualified institutional buyers and accredited investors to effect the sale of 900,000 shares of a new issuance of a 12 percent cumulative participating perpetual convertible preferred stock...
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Trading Halted In Grubb & Ellis (GBE)-news pending
Friday, October 23, 2009 - 12:08pm | 13Trading halted in Grubb & Ellis (GBE)-news pending
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Bookkeeping: Stopped Out 60% of E-House Holdings (EJ)
Thursday, October 22, 2009 - 10:18am | 453Finally some names are beginning to show weakness; so few stocks below the 50 day moving average nowadays. We tend to get whipped around once stocks are near moving averages so we'll have a lot more transactions if a normal market actually returns where stocks go in 2 directions, rather than just...
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Bookkeeping: Restarting E-House Holdings (EJ) Post Spinoff
Friday, October 16, 2009 - 11:17am | 604I was busy writing a post and didn't see E-House Holdings (EJ) fall right to support; should of had a limit order waiting there near $20.50. Instead we will pay up a bit here around $21.10 and get the position we sold off earlier in the week back. The position size is similar to what we let go,...
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China Real Estate Information (CRIC) IPO's Today; Will Re-enter E-House Holdings (EJ)
Friday, October 16, 2009 - 8:00am | 912Thus far our "cautionary" sale of E-House Holdings (EJ) Wednesday has worked out as the stock has been weak since. I had thought the CRIC spin off it might be some sort of complicated structure but upon further research it just looks like a straight IPO. We were unsure when its spin off of China...
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Cognizant (CTSH) Acquires UBS India Service Center
Thursday, October 15, 2009 - 6:26am | 97Cognizant (NASDAQ: CTSH announced a definitive agreement to acquire UBS India Service Centre Private Limited (UBS ISC) UBS ISC Hyderabad, India-based captive service provider to the UBS Group. UBS currently employs approximately 2,000 associates. UBS have strong capabilities in wealth management,...