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New 52-Week High Stocks – LXRX,CLFD,CVM,AAPL,CRUS
Tuesday, September 15, 2009 - 11:42am | 235Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) crossed its earlier 52-week high of $2.15 and touched a new 52-week high at $3.78 in today’s morning trade. Currently the stock is trading at $3.07, up 89% on 9.49 million shares – over 52X than the total daily average volume. At $3.03, the stock is up...
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AT&T (T) Announces Date to Complete Centennial Communications (CYCL) Acquisition
Tuesday, September 15, 2009 - 8:28am | 105AT&T (NYSE: T) and Centennial Communications Corp. (NASDAQ: CYCL) announced the plan to complete the merger process. The two companies were entered into an agreement on November 7, 2008 under which AT&T would acquire Centennial. The Centennial stockholders would receive $8.50 per share in...
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Fund Performance Period 9
Monday, September 14, 2009 - 3:49pm | 2767As 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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Hedge Fund ETFs, Worth A Look? (QAI, MCRO)
Monday, September 14, 2009 - 1:10pm | 247Within the past several months 2 new ETFs have emerged that try and replicate general Hedge Fund performance. For both ETFs, IQ Hedge Multi Strategy (NYSE: QAI) and IQ Hedge Macro Tracker (NYSE: MCRO) this performance is based on the IQ Hedge Multi-Strategy Index. QAI and the newer MCRO don’t...
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Today's Morning Top Gainers (BRNC,WXCO,S,HDY,IRSN)
Monday, September 14, 2009 - 12:14pm | 535Bronco Drilling Company, Inc. (NASDAQ: BRNC) is among the top percentage gainers in morning trade and surged 32.66% to $5.89 on huge volume of 1.12 million shares on no news. Since the last week the stock has been trading on high volume and surged up 53% till now in the last 5 trading sessions. WHX...
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US Stock Futures Point to Lower Open
Monday, September 14, 2009 - 8:47am | 96Stock futures are pointing to a lower open today. NASDAQ futures are down 12 points, S&P futures are down 9 points, and Dow futures are down 75 points. All indexes are indicating about a 1% decline at the open. In addition to US stock declines; Oil, Gold, and foreign markets are also all down...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 6
Sunday, September 13, 2009 - 9:15pm | 2093Year 3, Week 6 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 68.4% (v 72.5% last week)24 long bias: 16.7% (v 14.1% last week)9 short bias: 14.9% (v 13.5% last week) *includes long term puts 33...
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ETF Rewind - Week 37 (09/11/09)
Saturday, September 12, 2009 - 8:33pm | 477(Click Image to Enlarge/ Glossary) The markets moved back into bull mode last week with another one of those performances often not seen in a year, let alone four days. In fact, the S&P 500 (SPY) closed higher by another +4.1%. Among the tracked ETFs, only Agriculture (DBA), Twenty-Year...
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Bookkeeping: Closing PPG Industries (PPG) Short
Friday, September 11, 2009 - 3:48pm | 523It's 3:30 PM so it is time to wake up - both the Siesta Fund and the 29 Minute Fund are now back operational as we await the gifts from the stock market gods, i.e. our traditional post 3:30 PM ramp to the close. It doesn't happen every day but anything with a 80% win rate is great for mere mortals...
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Is This a "BS" Shaped Recovery? (SPY, IEI, TLT)
Friday, September 11, 2009 - 9:22am | 458Many economists are debating if this recovery will be a "U", "V", "L", or even a "square root" shaped recovery. These of course are all describing how a chart would look if looking at GDP Growth, stock performance, etc. through time. I feel like introducing one more shape into the mix, a "BS"...
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Best Performing S&P 500 Stocks Since March 2009 Bottom (and the Worst)
Friday, September 11, 2009 - 8:00am | 345Bespoke blog shows us the top performing stocks in the S&P 500 since March 9th. Note - while the intraday low of 666 was reached March 6th, the S&P 500 closed at 683 that Friday. The true "closing" low was actually that following Monday the 9th when the S&P 500 closed at 676 (lower...
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S&P 1040 Breached; In Come the Computers
Thursday, September 10, 2009 - 2:33pm | 589You know what time it is right? I've joined HAL9000 with some more SPY calls (you can hear the microchips whirring in NYC and Greenwich, CT from here).... will hold them unless the S&P breaks below 1038 or so. Every time we do this (break out of a double top) I say "in the old days something...
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09.10.09 - Slow to Gather Steam
Thursday, September 10, 2009 - 12:54pm | 159The S&P is making its second attempt to break R1 (say $104.20) on growing strength in the internals. At this point, I assume we break that resistance with everything aligned to the upside. However, as moderated at they are, I'm not looking for any kind of big move one way or the other even...
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Bookkeeping: Starting Atheros Communications (ATHR)
Thursday, September 10, 2009 - 12:36pm | 960A quick word on the overall market, we're still sitting at the "double top" condition that we peaked at yesterday and this morning. On a move over S&P 1040 I expect the computers to rush in like a tsunami of microchips. Every trader in the world is likewise waiting for this. In the old days...
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Senior Housing Property Trust (SNH) Looks like a Good Long Term Investment
Thursday, September 10, 2009 - 10:48am | 332Senior Housing Property Trust (NYSE: SNH) looks attractive as a long term investment and dividend play. It is a REIT focused on owning and operating health care facilities across the country. Health Care real estate and senior housing looks to be a promising area to be invested over the next...