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Bookkeeping: Covering about 90% of Riverbed Technology (RVBD) Short
Tuesday, September 1, 2009 - 2:06pm | 625I am going to cover the majority of the Riverbed Technology (RVBD) short in the $18.70s, giving us a 8%ish gain. I know 8% in 3 weeks seems very stodgy when I should be buying AIG or Fannie Mae and making 8% in under 3 minutes, but I'm old school and if one can annualize 8% a month you can still...
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Dow Chemical (DOW) Divested TRN Refinery Ownership for $800M
Tuesday, September 1, 2009 - 7:03am | 98The Dow Chemical Company (NYSE: DOW) sold Total Raffinaderij Nederland N.V. (TRN) of its interests in Total S.A. for an enterprise value of approximately $800M, including inventory. Dow's divestiture of TRN is consistent with the company's plan to increase its financial flexibility, improve its...
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Starbucks (SBUX) Enters Agreement with Starbucks Coffee France SAS
Tuesday, September 1, 2009 - 7:00am | 133Starbucks Coffee Company (NASDAQ: SBUX) has entered into an agreement with joint-venture partner, Sigla, S.A. of Spain, through its subsidiaries Starbucks Coffee EMEA and Starbucks Coffee International. As part of the transaction, which is expected to close on Sept. 30, 2009, Grupo Vips will be a...
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Seachange (SEAC) acquires eventIS Group B.V
Tuesday, September 1, 2009 - 6:59am | 60SeaChange International, Inc. (NASDAQ: SEAC) acquired share capital of eventIS Group B.V. eventIS is a privately owned Eindhoven, Netherlands-based company that provides VOD and linear broadcast software and related services to cable television and telecommunication companies primarily in Europe....
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Bookkeeping: Covering ValueClick (VCLK) Short
Monday, August 31, 2009 - 1:32pm | 358This is our second successful round trip in shorting ValueClick (VCLK) in the month of August; first time around we got a quick 9%, and this time about 6%. Not too shabby considering the market has been up the majority of August. We're going to cover the short restarted on August 19th at $10.75 at...
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U.S. Futures Indicates Weaker Open as China Index Falls Again
Monday, August 31, 2009 - 6:57am | 38U.S. stock futures fell on Monday. The weakening of China stocks is expected to weigh on the market sentiment. The Shanghai index fell more than 6% overnight.
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 4
Monday, August 31, 2009 - 12:28am | 1838Year 3, Week 4 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 65.8% (vs 58.6% last week)22 long bias: 12.2% (vs 17.4% last week)10 short bias: 22.0% (vs 24.0% last week) *includes long term puts 32...
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ETF Rewind - Week 35 (08/28/09)
Saturday, August 29, 2009 - 11:36pm | 482(Click Image to Enlarge/ Glossary) US Equities spent the week going sideways with the S&P 500 (SPY) finishing higher by +0.4%. The largest gainer for the week was Agriculture (DBA +3.2%), while Liquid Fuels suffered a small decline (DBE -1.2%). Speaking of which, DBA, DBP, XLK and IYR...
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March 6, 2009: Generational Bottom? What Was 'Fund My Mutual Fund' Saying
Saturday, August 29, 2009 - 4:12pm | 2935I 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...
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Sampling of News Stories Today;FDIC Troubled Bank List (Yawn), Apple (AAPL) iPhone into China, Detroit & Whirpool Cut Workers,Steel Production Rebound
Friday, August 28, 2009 - 4:13pm | 2390There is a smattering of interesting stuff on Bloomberg today, but nothing large enough to put into 1 separate entry so let me combine them. (1) First let me say I normally post the FDIC troubled bank list (every quarter) with some analysis and warnings.... [May 27, 2009: FDIC Troubled Bank List...
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4 Intraday Selloffs this Week, Yet Market is Flat
Friday, August 28, 2009 - 2:03pm | 491A 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...
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FDIC has Only $10.4B to Prevent Future Losses
Friday, August 28, 2009 - 10:53am | 68According to a Q2 reports, the FDIC has a mere $10.4 billion left in its coffers to backstop future losses which is the lowest level of funding the agency has seen since 1992, when it was battling the S&L crisis. The New York Post reports that many analysts expect the FDIC to need almost $70B...
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Perry Ellis (PERY) Signs Deal with S.A.R.L. De Gestion to Distribute Pierre Cardin Sportswear in US Department Stores
Friday, August 28, 2009 - 7:33am | 104Apparel maker, Perry Ellis International, Inc. (NASDAQ: PERY) announced that it inked a five-year licensing deal with S.A.R.L. de Gestion Pierre Cardin to find materials to sell and distribute the Pierre Cardin brand for men's sportswear. The deal does not include woven shirts. It includes the U.S...
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81 Bank Failures So Far in 2009: It's All Relative
Thursday, August 27, 2009 - 7:49pm | 365So far this year, there have been SOBSummaryRpt.asp?BegYear=2009&EndYear=2009&State=1">81 bank failures out of 8,195 FDIC-insured institutions, or slightly fewer than 1% of all banks. How does that compare to previous periods of financial stress and episodes of bank failures? This first...
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A Very Subjective Apple Experience and Long Term Heads Up
Thursday, August 27, 2009 - 2:58pm | 804Currently being absolutely devastated that a friend spilled his orange juice a week ago on my MacBookPro, blogging will remain rather light until I get a replacement which may take up to 6 weeks for the new matt screens on the 15-inch Mac laptop.As I only have a HP 9000 with next to no software on...