Did anyone see the weird trading in Google today at the close? Google shot up to $480's on heavy volume....and then tanked to .01 ......
5 million shares changed hand in that whole event.....very strange...i'm sure all kinds of stop orders were taken out both ways....and i'm sure all trades after 3:58pm est today will be reversed.
Very weird stuff going on in the stock market this week!
Tuesday, September 30, 2008
Apple ( AAPL ) $112 Resistance Level - Day Trading AAPL 9/30
Today Apple ( AAPL ) is recovering along with the technology sector very nicely. We are back to yesterdays resistance level at $112....if we can somehow punch through that mark...it will be very bullish going forward. I'd like to see a close over this level in the next few days.
Apple intraday has had support at $106 and $108 for you day traders out there.
Apple intraday has had support at $106 and $108 for you day traders out there.
Apple AAPL Buy Upgrade 9/30
This morning, 9:05am EST Apple ( AAPL ) has been upgraded:
Apple Raised To Buy From Hold By Gabelli >AAPL
Apple Raised To Buy From Hold By Gabelli >AAPL
Stocks to Watch: 9/30 - AAPL, RIMM, FSLR
Today we are getting a bounce higher from yesterdays record plunge. Thursday looks like the earliest that they could start working on a new deal for the bailout plan. I honestly don't see this bill passing now because if you tweak the package, some of the No voters will turn to yes, but maybe some of the Yes voters will now turn to No.
Jim Cramer's new target for the Dow is 8200 if this deal doesn't get passed.
So what if we do get a deal? Well, I think you could see a 700 point up day if not more. Cramer said he's ready to tell people to buy when and if this thing passes.
Putting the above aside, stocks I will be watching and trading today are FSLR, AAPL, and RIMM. These three stocks are super volatile so and quick plunge should be bought, just remember to take profits quick. On Apple, $112 failed many times yesterday so if we break up through this level in the next couple days...you could see a nice move higher from that level.
Jim Cramer's new target for the Dow is 8200 if this deal doesn't get passed.
So what if we do get a deal? Well, I think you could see a 700 point up day if not more. Cramer said he's ready to tell people to buy when and if this thing passes.
Putting the above aside, stocks I will be watching and trading today are FSLR, AAPL, and RIMM. These three stocks are super volatile so and quick plunge should be bought, just remember to take profits quick. On Apple, $112 failed many times yesterday so if we break up through this level in the next couple days...you could see a nice move higher from that level.
Monday, September 29, 2008
AAPL - Apple Computer a Buy
Well, I never thought i'd see the day when Apple Computer was down 16% after being down so much the prior week. The stock market is so out of wack, nobody knows really whats going on. Why did the firms downgrading Apple wait so long to downgrade? At $110, Apple's Market Cap is $97 Billion when they have $20.77 Billion in cash just sitting in the bank. I can't remember the last time i've seen AAPL so cheap. Apple's products are in high demand and are mainly bought by higher end people.
So what did I do? I sold my Bidu at a minor loss at the chance to buy Apple under $110....less risk.....great upside.
Christmas come early! Thanks Santa Claus!
The Bailout plan is going to be voted on this afternoon....its going to be a close vote!
So what did I do? I sold my Bidu at a minor loss at the chance to buy Apple under $110....less risk.....great upside.
Christmas come early! Thanks Santa Claus!
The Bailout plan is going to be voted on this afternoon....its going to be a close vote!
Saturday, September 27, 2008
Bailout Plan: Congress Making Progress on Saturday 9/26
Today Congress appears to be making progress on the bailout/rescue plan for the financial markets. Hopefully we have a deal by tomorrow night 6pm EST when the Asian Markets open for trading.
If a bailout plan isn't agreed upon by that time....we could be looking at a serious down day on Monday. I think we have a few days grace period to get this done, as long as we don't hear the deal has stalled or looks unlikely.
When we get a deal, I think we will have a nice rally....but then people will focus back on the economy again. It's a vicious circle of pessimism!
Stay Tuned!
If a bailout plan isn't agreed upon by that time....we could be looking at a serious down day on Monday. I think we have a few days grace period to get this done, as long as we don't hear the deal has stalled or looks unlikely.
When we get a deal, I think we will have a nice rally....but then people will focus back on the economy again. It's a vicious circle of pessimism!
Stay Tuned!
Thursday, September 25, 2008
RIMM Earnings Miss - 9/25/08
Research in Motion ( RIMM ) came in with earnings of .86EPS vs .87EPS - so they missed by a penny.....stock is getting hammered down to $84....I think this is way overdone but given the environment we are in right now....you better not miss earnings! Also, they are giving really bad guidance!
$80.20 is next support which was the low back in March.
$80.20 is next support which was the low back in March.
( V ) Visa Technical Analysis 9/25/08 - Visa V Stock Chart
Visa Technical Analysis 9/25/08
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
Tuesday, September 23, 2008
Goldman Sachs ( GS ) catches Buffett & Berkshire
You know, I was watching the stock market close today like I do every day, and I noticed two things. At about 3:53pmEST the market was tanking and Goldman Sachs ( GS ) was starting to take off. GS went from $119 to $125 on heavy volume but I could not find any news.
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
( GM ) General Motors CEO turns to Google's Youtube.com
Today, General Motors is reaching out to investors in attempt to clarify where the company is headed going into the future. Rick Wagoner posted this Youtube video today.
Stocks to Watch 9/23 - ABK, DSL, RIMM, BIDU, V
This morning the stock market futures are up slightly as the Government scrambles to put together a bailout plan for our financials markets. Yesterday Oil shot up $25 a barrel at one point due to buyers having to buy before contract options expiration. Oil is hovering around $108 right now in pre market.
Stock to Watch today: I am watching Research in Motion ( RIMM ) as I think there could be a nice trade here. RIMM has been all over the place over the past few weeks...with resistance being at that $110-$112 level. I can count several times where you could have bought under $100 and sold at $110 over the past few weeks. Even last week, you could have bought under $90 and sold at $107. So with RIMM today, i'd like to buy it under $95.
Ambac ( ABK ) is moving higher in pre market....this stock has gotten killed over the past few days due to fears that Moodys will cut their rating. The business is still sound, but if their rating gets cut, i'd assume they'd lose business. Day Trade ABK when it clears the high of the day. I could see it running back to $4.50-$5 in a few weeks. I would not hold it over night due to the Moodys problem.
DSL - They hired a new CEO....finally!
I'm looking to trade BIDU, Visa ( V ) and watching for the Gphone from Google ( GOOG ) to come out. The Google phone can do many things the Iphone can't such as..... Copy and Paste text into email and around the web like your normal computer can do. The iphone can't do this! The Gphone supports the open network and most of the Apps are free....where the Iphone you must pay for them. I think people will like the Gphone because of the freeness of the network....rather then Steve Jobs choosing what can go on your phone and what can't.
I will have another update later...don't forget about RIMM Earning 9/25/08
http://www.blackberrystocks.com/
Stock to Watch today: I am watching Research in Motion ( RIMM ) as I think there could be a nice trade here. RIMM has been all over the place over the past few weeks...with resistance being at that $110-$112 level. I can count several times where you could have bought under $100 and sold at $110 over the past few weeks. Even last week, you could have bought under $90 and sold at $107. So with RIMM today, i'd like to buy it under $95.
Ambac ( ABK ) is moving higher in pre market....this stock has gotten killed over the past few days due to fears that Moodys will cut their rating. The business is still sound, but if their rating gets cut, i'd assume they'd lose business. Day Trade ABK when it clears the high of the day. I could see it running back to $4.50-$5 in a few weeks. I would not hold it over night due to the Moodys problem.
DSL - They hired a new CEO....finally!
I'm looking to trade BIDU, Visa ( V ) and watching for the Gphone from Google ( GOOG ) to come out. The Google phone can do many things the Iphone can't such as..... Copy and Paste text into email and around the web like your normal computer can do. The iphone can't do this! The Gphone supports the open network and most of the Apps are free....where the Iphone you must pay for them. I think people will like the Gphone because of the freeness of the network....rather then Steve Jobs choosing what can go on your phone and what can't.
I will have another update later...don't forget about RIMM Earning 9/25/08
http://www.blackberrystocks.com/
Monday, September 22, 2008
ABK Ambac Stock 9/22/08 - Moody's threatens to Downgrade
Shares of Ambac Financial Group ( ABK ) plunged 42 percent in heavy volume Friday, a day after Moody's said it might downgrade the bond insurer's ratings. This morning in pre market trading, ABK is set to $3.30...or another 10%
After markets closed on Friday, Ambac put out a statement saying it would suspend its $50 million stock buyback plan and postpone an $850 million contribution to Connie Lee, its new financial-guarantee subsidiary. Ambac also said any potential downgrade would pressure its business in the near term.
Keep this stock on your radars.......
After markets closed on Friday, Ambac put out a statement saying it would suspend its $50 million stock buyback plan and postpone an $850 million contribution to Connie Lee, its new financial-guarantee subsidiary. Ambac also said any potential downgrade would pressure its business in the near term.
Keep this stock on your radars.......
Thursday, September 18, 2008
Dow Jones Analysis 9/19/08 - Dow Jones Technical Analysis
Dow Jones - Technical Analysis - Today the dow will open at around 11280, or right between the 10 day and 50 day moving average. 11,400 is our first major level of resistance...if we can close above this level, most likely we will test 11867 which was the August high. If we break through this level, the bottom will be in at 10475. Jim Cramer, take note. Stop trying to call bottoms until they are made. Yesterdays close of 11019 acts as strong support given the gap up today. If this fails, back down we go!
Pre Market Stock Trading 9/19/08 - Short Selling, RTC Plan
Yesterdays explosive rally in the stock market was started by CNBC as they hinted at the possibility that the government was working on an RTC plan.
This morning we have news that short selling will be banned in most financial companies until Oct 2nd.
The SEC, which had convened a late-night commission meeting Thursday to consider several items, said in a statement early Friday morning it is halting short selling on 799 financial stocks. The ban, which is effective immediately, is set to last for 10 days, but could be extended for up to 30 days.
The Dow briefly dipped below 10,500 around 1pm yesterday ( MS stock $12 per share ) and it is set to open at 11,250 ( MS stock set to open a $30 per share )
I have been slacking on my Technical Analysis Stock Charts over the past few weeks because this market is so volatile....I will update them all this weekend!
This morning we have news that short selling will be banned in most financial companies until Oct 2nd.
The SEC, which had convened a late-night commission meeting Thursday to consider several items, said in a statement early Friday morning it is halting short selling on 799 financial stocks. The ban, which is effective immediately, is set to last for 10 days, but could be extended for up to 30 days.
The Dow briefly dipped below 10,500 around 1pm yesterday ( MS stock $12 per share ) and it is set to open at 11,250 ( MS stock set to open a $30 per share )
I have been slacking on my Technical Analysis Stock Charts over the past few weeks because this market is so volatile....I will update them all this weekend!
BIDU oh sweet BIDU - Shorts Covered!
Someone got caught very short in BIDU stock today.....BIDU was due to close around $278 and then right at the close a large position was bought from $280 to $305.
BIDU is now bidding $289 afterhours......a $49 move in a little over an hour!
Shorts, stop betting against great companies!
BIDU is now bidding $289 afterhours......a $49 move in a little over an hour!
Shorts, stop betting against great companies!
Wednesday, September 17, 2008
Morgan Stanley ( MS ) Merger Talks
Morgan Stanley is in further talks today in regards to a merger with Wachovia Bank. It has been reported that they ar advanced talks.
CNBC Charlie Gasparino 11:11am EST - Morgan Stanley is in advanced talks with Wachovia for a Merger.....not sure if it will happen...but this is real! MS is also looking to China for Capital
CNBC Charlie Gasparino 11:11am EST - Morgan Stanley is in advanced talks with Wachovia for a Merger.....not sure if it will happen...but this is real! MS is also looking to China for Capital
Google ( GOOG ) Guidance - CEO Eric Schmidt 9/18
As you know, Google ( GOOG ) doesn't give guidance but the CEO is out today saying they have not been effected by this credit crunch and the financial market turmoil.
Google Inc. (GOOG) Chief Executive Eric Schmidt said Wednesday he does not expect the ongoing financial crisis on Wall Street to affect the Internet search and advertising giant's business.
Schmidt said the company has a large amount of cash on hand. He acknowledged there could be some concern if the crisis hit Google's advertising customers, but said he was not aware of any issues at the moment. Google has long argued that its more accountable online text ads are increasingly attractive to advertisers seeking better returns during tough economic conditions.
"My guess is that the drama is in New York and not here," Schmidt said during a briefing with reporters at Google's Mountain View, Calif., headquarters. "It's business as usual at Google."
Schmidt also said Google still plans to implement its advertising pact with rival Yahoo Inc. (YHOO) on schedule despite growing signs the U.S. Department of Justice may try to block the agreement.
Google Inc. (GOOG) Chief Executive Eric Schmidt said Wednesday he does not expect the ongoing financial crisis on Wall Street to affect the Internet search and advertising giant's business.
Schmidt said the company has a large amount of cash on hand. He acknowledged there could be some concern if the crisis hit Google's advertising customers, but said he was not aware of any issues at the moment. Google has long argued that its more accountable online text ads are increasingly attractive to advertisers seeking better returns during tough economic conditions.
"My guess is that the drama is in New York and not here," Schmidt said during a briefing with reporters at Google's Mountain View, Calif., headquarters. "It's business as usual at Google."
Schmidt also said Google still plans to implement its advertising pact with rival Yahoo Inc. (YHOO) on schedule despite growing signs the U.S. Department of Justice may try to block the agreement.
SHO List - Naked Shorting List
Today was the last day for naked shorting.....stocks on the Sho list will be ones to keep an eye on as these stocks were shorted and failed to deliver these shares to short. The SEC made it very clear today...if you short a stock without being able to borrow it, you better find it before that transaction clears or you just committed Fraud....
ASTI - BCON - BIDZ - CALM - CBAK - CEGE - CHTR - CLNE - COIN - CPSL - CPST - DNDN - EMKR - FTEK - GRMN - HANS - HNSN - HOGS - HOKU - IRBT - JOSB - JRJC - LULU -
NILE - NTRI - NVEC - PEIX - PNRA - POZN - RATE - SHLD - SIGM - SOLF - SPWR - TRLG - WFMI -
Full List of Stock on the SHO list - Naked short
ASTI - BCON - BIDZ - CALM - CBAK - CEGE - CHTR - CLNE - COIN - CPSL - CPST - DNDN - EMKR - FTEK - GRMN - HANS - HNSN - HOGS - HOKU - IRBT - JOSB - JRJC - LULU -
NILE - NTRI - NVEC - PEIX - PNRA - POZN - RATE - SHLD - SIGM - SOLF - SPWR - TRLG - WFMI -
Full List of Stock on the SHO list - Naked short
MS, WB - Merger? Morgan Stanley & Wachovia in talk to Merge
CNBC is reporting that Morgan Stanley ( MS ) and Wachovia ( WB ) are in early talks in what could be a possible merger.....both stocks are rising afterhours and so are market futures.
Stay Tuned..........
Stay Tuned..........
GRMN Garmin Stock a Bright Spot Today!
Garmin ( GRMN ) was up 2% today while the Dow falls 450 points and the Nasdaq tanks 109 points! Is a buyout coming similar to the Sandisk ( SNDK ) offer?
Something is going on in GRMN Stock today!
Something is going on in GRMN Stock today!
BIDU, GOOG - comScore Releases Asia-Pacific Search Rankings for July 2008
Google.com ( GOOG ) & Baidu.com ( BIDU ) are the top two Asia- Pacific Search Engines in the world. comScore is out with the July 2008 data showing BIDU gaining huge momentum with search.
Total Internet Searches in Billions
27,059B
100.0%
Google Sites
9.07B
33.5%
Baidu.com Inc.
7.40B
27.4%
Yahoo! Sites5.34B
19.7%
NHN Corporation
1.23
4.6%
Alibaba.com Corporation0.82B
3.0%
TENCENT Inc.0.51B
1.9%
Microsoft Sites
0.46B
1.7%
Lycos Sites0.42B
1.5%
Sohu.com Inc.0.31B
1.1%
Total Internet Searches in Billions
27,059B
100.0%
Google Sites
9.07B
33.5%
Baidu.com Inc.
7.40B
27.4%
Yahoo! Sites5.34B
19.7%
NHN Corporation
1.23
4.6%
Alibaba.com Corporation0.82B
3.0%
TENCENT Inc.0.51B
1.9%
Microsoft Sites
0.46B
1.7%
Lycos Sites0.42B
1.5%
Sohu.com Inc.0.31B
1.1%
ABK Stock Breaking Out 9/17/08
I've noticed Ambac ABK stock breaking out hard to the upside.....keep this one on your radars
FSLR Stock has Bottomed - First Solar Analysis 9/17/08
Yes, First Solar ( FSLR ) has bottomed at $186 yesterday. I have been trading this stock for the past two weeks and this morning it is stronger then any morning since I started trading it again.
They ran FSLR down from $280 to $196 in a week....every time the futures were down in the morning, they would gap First Solar lower every single time by 5-10%. I played the same trend every day last week. They would open FSLR down 5%...crush it even more at the open, and then cover their shorts the rest of the day. It was common to get $10 moves up in this stock after about 11am.
This morning the futures are down pretty nicely...and FSLR is up $2. Haven't seen this strength for several weeks. The trend has changed! Yesterdays capitulation gap down to $186 ended up with a rally to close at $215....huge move! Short finally covered. That signifies a bear bottom in the stock. A close over $220 and FSLR is off to the races even higher.
They ran FSLR down from $280 to $196 in a week....every time the futures were down in the morning, they would gap First Solar lower every single time by 5-10%. I played the same trend every day last week. They would open FSLR down 5%...crush it even more at the open, and then cover their shorts the rest of the day. It was common to get $10 moves up in this stock after about 11am.
This morning the futures are down pretty nicely...and FSLR is up $2. Haven't seen this strength for several weeks. The trend has changed! Yesterdays capitulation gap down to $186 ended up with a rally to close at $215....huge move! Short finally covered. That signifies a bear bottom in the stock. A close over $220 and FSLR is off to the races even higher.
Tuesday, September 16, 2008
( MS ) Morgan Stanley Earnings Suprise!! 9/16/08
Morgan Stanley ( MS ) preannounces earnings tonight and they look awesome!
MS reports $1.32 EPS on Revenue of 8 Billion beating Wall Street estimates by a mile!
MS stock afterhours is trading at $31.75 up 5% from the close.
Stock Market Futures are surging but as you know, this can all change in a second in this stock market!
MS reports $1.32 EPS on Revenue of 8 Billion beating Wall Street estimates by a mile!
MS stock afterhours is trading at $31.75 up 5% from the close.
Stock Market Futures are surging but as you know, this can all change in a second in this stock market!
No Rate Cut 9/16 - Fed Doesn't cut Interest Rates 9/16/08
Today the Fed left interest rates at 2.0% by not cutting rates. The Market is going down because of this news. The Dow has fallen 100 points because of this news as many people expected a rate cut today. The Dow is 10,819 - Nasdaq 2157 - S&P 1178
AIG - Private Sector Deal DEAD - Goverment now?
CNBC is reporting that the Government is looking at AIG again for a bailout.....and David Faber just received a phone call from a source saying a private sector bailout out is DEAD. This would mean if the above it true, AIG goes bankrupt...or the Government bails AIG out.
Internet Stocks are very strong today.....GOOG and AMZN to name a few.
Internet Stocks are very strong today.....GOOG and AMZN to name a few.
AIG- Government Bailout 9/16 - AIG Bailout News
CNBC Charlie Gasparino is reporting that Government money is now back on the table for a bailout of AIG. Nothing is official yet but this news has rallied AIG stock and the markets...the Dow was down 55 now up 77.
AIG could get bailed out now by Government.
AIG could get bailed out now by Government.
ESLR Evergreen Solar & LEH Lehman Brothers - ESLR down because of loan to LEH 9/16/08
Over the past week, links to Lehman Brothers will surface and companies will be forced to take hits because of it. This is what happens when a well established investment firm goes down the tubes like Lehman Brothers ( LEH ). This time, its effecting Evergreen Solar ( ESLR ).
Lehman underwrote a deal for Evergreen in July pricing $325 million of 4 percent senior notes due 2013. As part of the transaction, Evergreen agreed to lend Lehman 30.9 million shares for hedging transactions for up to five years.
Investor doubts about the fate of the loan sent Evergreen shares down $1.74 to $4.56 in Monday trading. The stock is now down 64 percent since the start of 2008. ESLR is down another .60 cents in pre market today 9/16 to $3.96 per share.
Lehman underwrote a deal for Evergreen in July pricing $325 million of 4 percent senior notes due 2013. As part of the transaction, Evergreen agreed to lend Lehman 30.9 million shares for hedging transactions for up to five years.
Investor doubts about the fate of the loan sent Evergreen shares down $1.74 to $4.56 in Monday trading. The stock is now down 64 percent since the start of 2008. ESLR is down another .60 cents in pre market today 9/16 to $3.96 per share.
AIG Stock Down in Pre Market - CNBC 9/16/08
Governor Patterson was on CNBC this morning and he said " I think AIG has only a day." AIG hit a low in Pre Market this morning of $2.81 per share. It is now bouncing to around $3.45 as stock market futures improve a bit.
All eyes are on the Fed decision at 2:15pm this afternoon....and just as I right this, the FED has just injected 90 Billion of liquidity into the market.
AIG was scheduled to again have meetings at the New York Fed....so all eyes will be glued to this situation.
All eyes are on the Fed decision at 2:15pm this afternoon....and just as I right this, the FED has just injected 90 Billion of liquidity into the market.
AIG was scheduled to again have meetings at the New York Fed....so all eyes will be glued to this situation.
Monday, September 15, 2008
Fed Meeting 9/16/08 2:15pm EST - Federal Reserve Meeting
Tommorrow we have a big Federal Reserve meeting at 2:15 Eastern Time in which we will find out if Ben Bernanke will cut interest rates.
A rate cut would be fine.....but the Fed will have to provide capital if they want to stop this stock market slide. Personally, I'd like the Capital Markets to sort this out themselves, but with that everything get sucked down with it.
If JPM and GS don't provide AIG 70-75 Billion in lending.....AIG could go down Bankruptcy Road this week. That is a alot of money! Where will it come from?
How about the Internet Stocks today - Amazon.com and Google.com holding up well today! GOOG and AMZN showed major strength!
A rate cut would be fine.....but the Fed will have to provide capital if they want to stop this stock market slide. Personally, I'd like the Capital Markets to sort this out themselves, but with that everything get sucked down with it.
If JPM and GS don't provide AIG 70-75 Billion in lending.....AIG could go down Bankruptcy Road this week. That is a alot of money! Where will it come from?
How about the Internet Stocks today - Amazon.com and Google.com holding up well today! GOOG and AMZN showed major strength!
AIG - JPM and GS to the rescue! The Government asks Goldman Sachs and JPM Morgan for Help!
CNBC is reporting that the Goverment is out asking Goldman Sachs and JP Morgan to lead a lending facility of $70-$75 billion for AIG.
The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.
The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.
CHK Chesapeake Energy 9/15/08 Technical Analysis
Technical Analysis for Chesapeake Energy ( CHK ) - Support and Resistance Levels
CHK has been a stock that has gotten hammered with lower energy prices. Chesapeake appears to have made a new low last week at $38.10. This low is support for now and it appears as though a reverse head and shoulders pattern is forming with $38.10 being the top of the head. This formation signifies a bear trend bottom and when the last shoulder is formed, the stock forms a bullish breakout and starts a new uptrend.
It is a bit early to tell this but the ingredients are coming together as the winter heating season is upon us. I am looking to get long on a close over $42.50 in which you could easily see a run back to the $48-$50 level.
Chesapeake Energy ( CHK ) has great fundamentals and at below $40 per share, you are getting the biggest shale play, The Haynesville Shale, for free!
CHK has been a stock that has gotten hammered with lower energy prices. Chesapeake appears to have made a new low last week at $38.10. This low is support for now and it appears as though a reverse head and shoulders pattern is forming with $38.10 being the top of the head. This formation signifies a bear trend bottom and when the last shoulder is formed, the stock forms a bullish breakout and starts a new uptrend.
It is a bit early to tell this but the ingredients are coming together as the winter heating season is upon us. I am looking to get long on a close over $42.50 in which you could easily see a run back to the $48-$50 level.
Chesapeake Energy ( CHK ) has great fundamentals and at below $40 per share, you are getting the biggest shale play, The Haynesville Shale, for free!
RIMM Technical Analysis 9/15/08, 9/16/08 Research in Motion
RIMM Technical Analysis - Support and Resistance Levels for Research in Motion
RIMM has been getting hammered over the past several weeks but appears to have found short term support at $97.72 last week, went up to test the 10 day moving average at $110, and then failed. This would give RIMM strong resistance at $110. When RIMM closes back over $110 I think you can get long and ride it for a retest of the 200 day moving average at $115. Right above the 200 day is the 50 day at $118. These areas will be lined with sellers so be cautious up there. If $97.72 fails, you could be looking at RIMM going to $90 per share.
RIMM has been getting hammered over the past several weeks but appears to have found short term support at $97.72 last week, went up to test the 10 day moving average at $110, and then failed. This would give RIMM strong resistance at $110. When RIMM closes back over $110 I think you can get long and ride it for a retest of the 200 day moving average at $115. Right above the 200 day is the 50 day at $118. These areas will be lined with sellers so be cautious up there. If $97.72 fails, you could be looking at RIMM going to $90 per share.
USO Technical Analysis 9/15/08
On the day of the Lehman bankruptcy, the USO has crashed below previous support of the low $79's and hit $77.13 today 9/15/08. Looking at the USO Chart, we have some nice support around $75-$79. This is a big range but if the USO holds $75 and then shoots back up to close over $80....$75 could be your bottom. I would personally wait for the USO to close over the 10 day moving average as it has not done this since mid August. USO closed over $93 and then shot to $98.54....so using the 10 day moving average could result in a nice upside trade.
USO Opinion - Oil Stocks 9/15/08
The USO, which is the United States Oil Fund, is getting crushed today as Oil nears $95 dollars a barrel. The current price of the USO is at $76.50. Having strong support around the $75-$77 level....this could be a great opportunity to step into the oil trade and buy some USO. The Fed looks like they will cut interest rates tomorrow as well.
Just something to think about.....
Just something to think about.....
Lehman ( LEH ) Bankruptcy Chapter 11 - Merrill Lynch Sold to Bank of America
Barclays and Bank of America dropped out yesterday in the effort to save Lehman Brothers ( LEH ). This led to only one thing. A Chapter 11 Bankruptcy Filing. Lehman Brothers ( LEH ) now will be wiped out on the equity side but is still trading in pre market at .46 cents per share.
AIG is very week this morning and they appear to need Capital or they could be next. AIG is trading at 7.03 down 42%.
MER Merrill Lynch is up 20% in pre market on the buyout news.
Who could be next? AIG, Washington Mutual ( WM ) all trading very low from a week ago.
AIG is very week this morning and they appear to need Capital or they could be next. AIG is trading at 7.03 down 42%.
MER Merrill Lynch is up 20% in pre market on the buyout news.
Who could be next? AIG, Washington Mutual ( WM ) all trading very low from a week ago.
Friday, September 12, 2008
( JPM ) ( WM ) JP Morgan - Washington Mutual - JP Morgan in advance talks to aquire WaMu
CNBC is reporting that JP Morgan ( JPM ) is in advance talks to aquire Washington Mutual ( WM ).....WM jumped 10% on this news to $3.22.
Apple ( AAPL ) Double Bottom, Triple Bottom - Long Position AAPL
Apple ( AAPL ) has had a really nice reversal today.....it is now safe to take a long position with a tight stop at $146.
Apple AAPL has hit lows of $146.38, $146, and today, $146.50......a break above the high of day at $150.90 with volume could give you a huge run over the next week.
Long AAPL, tight stop at $146
Apple AAPL has hit lows of $146.38, $146, and today, $146.50......a break above the high of day at $150.90 with volume could give you a huge run over the next week.
Long AAPL, tight stop at $146
Potash POT News 9/12 - Pot stock ripping higher Friday
This morning we have Potash ( POT ) ripping higher after a strong reversal yesterday. Potash has been an ugly stock over the past month or so. Looking at the Pot chart....we have that resistance at about $170 so you may want to try and short it there. Buying dips below $140 would be a good buy. CNBC Fast Money's Guy Adami pointed out that POT was trading like Potash prices were $400 a ton while they are really at $900 per ton. Could this be the bottom for the Ag stocks? I seem to think so! The key to making quick and huge gains in the stock market are buying stocks on the turn rather then catching a falling knife. Patience is the key! Buying stocks on the turn is one of the hardest things for stock market traders to do. The fear of " I'm going to miss the run if I don't get in " leaves most investors caught in a downward spiral lower, only to sell out break even when the stock actually starts " The Turn " higher.
There are price targets of $280 per share out there. Once POT closes back over $190, things will really get rolling again!
Don't try to catch falling knives! The stock market is always right and if a stock is going down, its going down for a reason! Catch the turn back up!
There are price targets of $280 per share out there. Once POT closes back over $190, things will really get rolling again!
Don't try to catch falling knives! The stock market is always right and if a stock is going down, its going down for a reason! Catch the turn back up!
LEH Lehman - No Government Bailout or Backing
The Government just came out with a statement saying there will be no Government money in in the resolution of the Lehman ( LEH ) situation.
Lehman shares are down another 16% in pre market trading to $3.56 per share. 9/12/08
Lehman shares are down another 16% in pre market trading to $3.56 per share. 9/12/08
( WM ) Washington Mutual 9/12/08 - WM Stock up Pre Market Trading
This morning WM Washington Mutual Shares are up about 6% to $3.00 per share in Pre Market trading. WAMU has been feared of going out of business along with LEH Lehman Brothers. There are talks that Lehman night get bought out by Monday and I think this will cause a spike in WM shares. High risk though, but keep an eye on this situation!
Shares of WM are also up because Goldman Sachs ( GS ) is coming out this morning and upgrading Washington Mutual from Sell to Neutral.
For more recent news....go to the home page or click the labels below
http://blackberrystocks.com
Shares of WM are also up because Goldman Sachs ( GS ) is coming out this morning and upgrading Washington Mutual from Sell to Neutral.
For more recent news....go to the home page or click the labels below
http://blackberrystocks.com
First Solar ( FSLR ) Upgraded 9/12 to Buy - Societe Generale
This morning 9/12/08, First Solar ( FSLR ) has been started with a buy from Societe Generale company. First Solar stock has been crushed over the past two weeks due to fears of prices falling in 2009. They seem to be over done however, and I have been trading this stock daily. Buying below $200 and selling above or at $210 has worked great. When FSLR breaks $219 it will be back in play. I could see it going to $235-$240 quickly.
CNBC's Jim Cramer blessed FSLR stock on lightening round last night 9/11 on Cramer's Mad Money.
CNBC's Jim Cramer blessed FSLR stock on lightening round last night 9/11 on Cramer's Mad Money.
( LEH ) Lehman Buyout 9/12 - BAC, KKR Mule Bid - Pre Market Stock Trading
The lastest news in the Lehman Brothers ( LEH ) saga has KKR and Bank of America ( BAC ) buying Lehman and splitting it up. Nothing has been confirmed as of yet....but a deal could get done by Monday. These bank deals usually take place over the weekends. Barclays and several other banks are also being talked as potential suitors. Nothing has been confirmed yet!!
LEH stock is up 18% on this news to $4.90 in early trading. It will be an interesting day to say the least!
http://blackberrystocks.com
LEH stock is up 18% on this news to $4.90 in early trading. It will be an interesting day to say the least!
http://blackberrystocks.com
Thursday, September 11, 2008
Lehman LEH Afterhours, Aftermarket 9/11/08
Lehman ( LEH ) is trading at around $4.20 in afterhours tonight....down slightly from the $4.33 close during regular stock market trading on 9/11/08.
CNBC has been reporting that Lehman Brothers ( LEH ) is being shopped around Wall Street for a potential buyer of the company. Names that have come up are, B of A Bank of America, HSBC, and even Goldman Sachs ( GS ). GS would only likely being interested if the government backed certain debt and assets of Lehman Brothers.
CNBC's Charlie Gasparino thinks there is a chance that Lehman Brothers ( LEH ) will be bought out in a matter of days. It is important to note that Lehman has not accessed the Federal Reserves Discount Window recently.
CNBC has been reporting that Lehman Brothers ( LEH ) is being shopped around Wall Street for a potential buyer of the company. Names that have come up are, B of A Bank of America, HSBC, and even Goldman Sachs ( GS ). GS would only likely being interested if the government backed certain debt and assets of Lehman Brothers.
CNBC's Charlie Gasparino thinks there is a chance that Lehman Brothers ( LEH ) will be bought out in a matter of days. It is important to note that Lehman has not accessed the Federal Reserves Discount Window recently.
Dow Jones Analysis 9/11 - Dow Jones Technical Analysis 9/11/08
The following is technical analysis for the Dow Jones Industrial Average:
The Dow Jones futures are at 11,165 so far this morning, down 120 points. Some key levels to watch are 11,125, 11037.85, and 10827. These are lows, and they should provide some support. If we close below any of these levels, they become resistance.
The point and figure chart has the Dow testing 10,350....so if we break all of the above levels, look for this to be hit.
The 10 day moving average is at 11,400 and that would be some resistance. When we close over 11,867, the lows will have been made, and we will go a lot higher! Mark that number down!
The Dow Jones futures are at 11,165 so far this morning, down 120 points. Some key levels to watch are 11,125, 11037.85, and 10827. These are lows, and they should provide some support. If we close below any of these levels, they become resistance.
The point and figure chart has the Dow testing 10,350....so if we break all of the above levels, look for this to be hit.
The 10 day moving average is at 11,400 and that would be some resistance. When we close over 11,867, the lows will have been made, and we will go a lot higher! Mark that number down!
9/11 Lehman ( LEH ) Downgraded by Citigroup ( C )
This morning Lehman Brothers ( LEH ) is getting pounded yet again. I can't wait until this thing goes to zero so we can stop talking about it. The company has been in denial since it went under $50. The have access to the discount window yet they are not using it. The claimed a month ago everything was fine yet they are selling off assets at the worst time.
Anway...to the Lehman ( LEH ) news of the day.....
Citigroup ( C ) is cutting Lehman to hold from buy.....price target $9. This is halarious....why didn't Citigroup do this on Monday went LEH stock was at $15? They would look like heros, but instead, C looks like idiots today...waiting so long to downgrade it.
What I can't understand is why financials are still downgrading other financials? The financials have been in freefall since early 2007..... don't you think they have been a sell this whole time?
Anway...to the Lehman ( LEH ) news of the day.....
Citigroup ( C ) is cutting Lehman to hold from buy.....price target $9. This is halarious....why didn't Citigroup do this on Monday went LEH stock was at $15? They would look like heros, but instead, C looks like idiots today...waiting so long to downgrade it.
What I can't understand is why financials are still downgrading other financials? The financials have been in freefall since early 2007..... don't you think they have been a sell this whole time?
Wednesday, September 10, 2008
Lehman ( LEH ) Earnings: LEH Preannounces Earnings 9/10/08
Lehman Brothers ( LEH ) preannounced earnings today.
LEH stock is trading between $8.30 and $9.50 after this release.....very volatile!
Lehman LEH lost ( $5.92 ) vs ( $3.35 )
Lehman cuts dividend to .05 Cents from .65 cents....big dividend cut for LEH
LEH to spin off real estate assets into new company
LEH stock is trading between $8.30 and $9.50 after this release.....very volatile!
Lehman LEH lost ( $5.92 ) vs ( $3.35 )
Lehman cuts dividend to .05 Cents from .65 cents....big dividend cut for LEH
LEH to spin off real estate assets into new company
Tuesday, September 9, 2008
AAPL Steve Jobs Blames Hedge Fund
Steve Jobs has come out an blamed a Hedge Funds for spreading rumors about his health. He blames this fund or funds for bashing his health as a way to get Apple's ( AAPL ) stock price down.
Hedge Funds short Apple ( AAPL ) stock make money when the stock price falls vs when they go long a stock and make money when the the rises.
Hedge Funds short Apple ( AAPL ) stock make money when the stock price falls vs when they go long a stock and make money when the the rises.
Lehman ( LEH ) S&P Credit Watch Negative - S&P Puts Lehman LEH on Credit Watch Negative
S&P just came out and put Lehman Brothers on Credit Watch - Negative...... Lehman Brothers ( LEH ) stock price is now trading at $8.94 per share. Lehman earlier said they may preannounce earnings tonight.
Lehman ( LEH ) Earnings: LEH might preannounce earnings tonight 9/09
CNBC Charlie Gasparino is reporting that due to the plunge in stock price.....the company might come out and preannounce earnings tonight. LEH spiked about 10% on the news.....stay tuned!
Stock Market 9/09 Update - Stocks to Watch FSLR, LEH, AAPL
Today has been another interesting day....Lehman ( LEH ) is getting drilled, down 30%. I think this would be the last one to go and then the market can reverse for the long term. By last to go I mean, Bear Sterns ( BSC ) Fannie Mae ( FNM ) & Freddie Mac ( FRE ). If Lehman got taken over or bailed out.....the market can finally look forward instead of fearing the above companies and how it effects selling in the stocks they own. Look at GOOG, CHK, FSLR, ENER, AAPL.....these companies are getting sold off for no reason....and they do not bounce when the market goes up. These are good solid companies trade at fair valuations. Forced selling has the most to do with these stocks.
These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.
First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!
These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.
First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!
July 2008 Home Sales - Pending Home Sales for July 2008 - 9/09/08
This morning July 2008 Pending home sales are out.
Pending home sales were down 3.2% from June 2008 and down 6.8% from July 2007.
To look at upcoming economic events... visit http://blackberrystocks.com
Pending home sales were down 3.2% from June 2008 and down 6.8% from July 2007.
To look at upcoming economic events... visit http://blackberrystocks.com
Cardica ( CRDC ) FDA Approval for Surgical System 9/09/09 - CRDC Stock on Fire!
This morning Cardica ( CRDC ) has come out and announced they have received FDA approval for their Pas-Port surgical system:
Surgical systems maker Cardica Inc. said Tuesday the Food and Drug Administration approved its PAS-Port system for use in cardiac bypass surgery.
The system creates a secure connection between the body's main artery and vein grafts. Cardiac bypass surgeries are used to bypass part of a damaged or blocked artery in an attempt to restore blood flow.
The PAS-Port system is fully automated, the company said can complete a connection in about one minute.
CRDC stock is soaring to $10.80 up 35%......Note that ISRG uses some of their devices for surgery
Surgical systems maker Cardica Inc. said Tuesday the Food and Drug Administration approved its PAS-Port system for use in cardiac bypass surgery.
The system creates a secure connection between the body's main artery and vein grafts. Cardiac bypass surgeries are used to bypass part of a damaged or blocked artery in an attempt to restore blood flow.
The PAS-Port system is fully automated, the company said can complete a connection in about one minute.
CRDC stock is soaring to $10.80 up 35%......Note that ISRG uses some of their devices for surgery
UAUA UAL Stock 9/09/09 - Up in pre market stock trading
UAUA was down a lot yesterday even after the company came out and stated the bankruptcy rumors were false. UAUA ended the day down 12%.....today 9/09/09 in pre market, UAUA UAL is going back up to $11.53 or almost 6% in pre market trading.
UAUA could be a big winner today, especially with Oil going down yet again!
http://blackberrystocks.com/hotstocks.html
UAUA could be a big winner today, especially with Oil going down yet again!
http://blackberrystocks.com/hotstocks.html
Google ( GOOG ) News - Youtube on Sony Ericsson G705 Smartphone
Sony Ericsson is pleased to Tuesday announce a partnership with Google ( GOOG ) meaning that YouTube will be integrated into selected upcoming models from Sony Ericsson. This capability will allow users to instantly download and upload video directly from their phone to YouTube. The G705 will be YouTube compatible and further models will be announced at a later stage.
G705 for American markets will be available early Q1 2009.
Google ( GOOG ) also announced today that they will only keep a users search data for 9 months....down from 18 months.
G705 for American markets will be available early Q1 2009.
Google ( GOOG ) also announced today that they will only keep a users search data for 9 months....down from 18 months.
FNM FRE Stock 9/09/09 - Fannie Mae & Freddie Mac Trading Updates
This morning FNM and FRE up both up in pre market.....but thats not really saying much as they were sliced by 80% yesterday after the government bailed them out.
FNM is .88 up 21%
FRE is $1.00 up 14% in pre market trading
You buy these when they break their High of Day and you sell if they break their Low of Day. This is the only way i'd be trading these. Take profits quickly, don't be greedy!
FNM is .88 up 21%
FRE is $1.00 up 14% in pre market trading
You buy these when they break their High of Day and you sell if they break their Low of Day. This is the only way i'd be trading these. Take profits quickly, don't be greedy!
Monday, September 8, 2008
UAUA United Airlines bankruptcy FALSE! UAL Rumors False 9/08/08
Another day, under rumor in the stock market! Whats new? UAUA shares have crashed in early trading as a 4 year old news story somehow hit the wires.....and then got past along to other news outlets. The stock market is corrupt...yes another sign.
UAL UAUA went down nearly 60% until it was halted. CNBC David Faber reported the headlines are false, and the company plans to come out and say it is not going Bankrupt.
Unreal! 9/08/08
UAL UAUA went down nearly 60% until it was halted. CNBC David Faber reported the headlines are false, and the company plans to come out and say it is not going Bankrupt.
Unreal! 9/08/08
Google ( GOOG ) Patent: Offshore Data Centers - Google Files New Patent 9/08/08
Google is always up to something....and that is why I am long the stock with the average of $470 per share. Yes, I am down on my position but this is " long term " and one day we will look back on GOOG when they are earning $10 per quarter in profit and asking ourselves why we didn't buy the stock in the midst of this credit crisis, below $500 per share.
Anyway, Google ( GOOG ) has filed a patent that enables the company to build data centers in the ocean which this would prevent any property taxes. Great Idea!
In a startling new take on data center engineering, Google has filed a patent for a “water-based data center” that uses the ocean to provide power and cooling. The patent also confirms Google’s development of a container-based data center, describing “crane-removable modules” to power the computing platforms.
The floating data centers would be located 3 to 7 miles from shore, in 50 to 70 meters of water. If perfected, this approach could be used to build 40 megawatt data centers that don’t require real estate or property taxes.
The patent application, which was filed in Feb. 2007, was noticed by TheODP, who posted details to Slashdot. That suggests that Google’s plans for floating data centers may predate a similar proposal from San Francisco start up International Data Security (IDS) to build data centers on cargo ships.
The Google design incorporates the Pelamis Wave Energy Converter units, which use the motion of ocean surface waves to create electricity and can be combined to form “wave farms.” The largest existing project uses seven Pelamis units to generate about 5 megawatts of power. Diagrams included with Google’s patent application indicate the company plans to combine 40 or more Pelamis units to produce 40 megawatts of power.
Anyway, Google ( GOOG ) has filed a patent that enables the company to build data centers in the ocean which this would prevent any property taxes. Great Idea!
In a startling new take on data center engineering, Google has filed a patent for a “water-based data center” that uses the ocean to provide power and cooling. The patent also confirms Google’s development of a container-based data center, describing “crane-removable modules” to power the computing platforms.
The floating data centers would be located 3 to 7 miles from shore, in 50 to 70 meters of water. If perfected, this approach could be used to build 40 megawatt data centers that don’t require real estate or property taxes.
The patent application, which was filed in Feb. 2007, was noticed by TheODP, who posted details to Slashdot. That suggests that Google’s plans for floating data centers may predate a similar proposal from San Francisco start up International Data Security (IDS) to build data centers on cargo ships.
The Google design incorporates the Pelamis Wave Energy Converter units, which use the motion of ocean surface waves to create electricity and can be combined to form “wave farms.” The largest existing project uses seven Pelamis units to generate about 5 megawatts of power. Diagrams included with Google’s patent application indicate the company plans to combine 40 or more Pelamis units to produce 40 megawatts of power.
Stock Market - 9/08/08 - Pre Market Stock Analysis
This morning 9/08/08 we have the government bailout of Freddie Mac ( FRE ) and Fannie Mae ( FNM ). Dow futures are pointing up 254 points....Nasdaq up 36 points....and S&P 500 up 35 points. This is more or less a short squeeze but a case could be made for a double bottom to have formed with all three of the above averages.
ABK Ambac has exploded this morning....it will open pre market over $10 per share.
In other News.....smartphone sales are up 16% this year even with the global slowdown we have seen.....Apple ( AAPL ) and Research in Motion ( RIMM ) are up on this news.
ABK Ambac has exploded this morning....it will open pre market over $10 per share.
In other News.....smartphone sales are up 16% this year even with the global slowdown we have seen.....Apple ( AAPL ) and Research in Motion ( RIMM ) are up on this news.
Saturday, September 6, 2008
Bidu Baidu.com technical analysis - BIDU Technical Stock Chart 9/08/08
Below is Technical Analysis for BIDU, Baidu.com. Click to see the stock chart for BIDU: 9/06/08.
BIDU Baidu.com has broken support at $300 and you see the end result. I do expect a quick recovery however as I think the general sell off in this stock and the markets were due to forced liqudation. The global slowdown is not affecting BIDU. These big dips are huge buying opportunies. BIDU seems to have found support at $270 with resistance at $300...which was previous support. I'm waiting for the low tag to come in before I buy the other half of my long position. I will update this stock chart next week!
BIDU Baidu.com has broken support at $300 and you see the end result. I do expect a quick recovery however as I think the general sell off in this stock and the markets were due to forced liqudation. The global slowdown is not affecting BIDU. These big dips are huge buying opportunies. BIDU seems to have found support at $270 with resistance at $300...which was previous support. I'm waiting for the low tag to come in before I buy the other half of my long position. I will update this stock chart next week!
AAPL Apple Technical Analysis 9/08/08 - Apple AAPL Stock Analysis - Technical Stock Chart
The following is technical analysis for AAPL Apple Stock: 9/06/08.... to view this chart go to :
Apple ( AAPL ) has continued the downtrend this week along with the overall stock market. AAPL is now below all three key moving averages and has hit an area of support at around $159.69 from April 2008. If this level is closed below, you could see $155 and then $152.91 be test which were the August 2008 lows. AAPL has very strong resistance in the low $180s and when these levels are taken out Apple will again start to break out. $180.45, $180.91, $182.34 are your key resistance levels for Apple stock.
Apple ( AAPL ) has continued the downtrend this week along with the overall stock market. AAPL is now below all three key moving averages and has hit an area of support at around $159.69 from April 2008. If this level is closed below, you could see $155 and then $152.91 be test which were the August 2008 lows. AAPL has very strong resistance in the low $180s and when these levels are taken out Apple will again start to break out. $180.45, $180.91, $182.34 are your key resistance levels for Apple stock.
SIRF stock 9/05/08 BRCM settlement
SIRF stock was up big on Friday due to the possible settlement with Broadcom ( BRCM )
Shares of SiRF Technology Holdings Inc. were up more than 22 percent Friday on reports that the company could be near a patent infringement settlement with Broadcom Corp.
San Jose-based SiRF (NASDAQ:SIRF) stock closed at $2.57, up 47 cents. The company has a market value of about $150 million. Shares of Irvine-based Broadcom (NASDAQ:BRCM) were flat on a market value of $11 billion.
Last month, an International Trade Commission judge ruled that SiRF infringed on six of Broadcom’s patents for global positioning in cell phones. A final decision is set to be made before the end of the year.
SiRF has seen executive changes and a big drop in its stock price in the past year as a result of the ruling.
A settlement likely would see SiRF pay royalties to Broadcom
Shares of SiRF Technology Holdings Inc. were up more than 22 percent Friday on reports that the company could be near a patent infringement settlement with Broadcom Corp.
San Jose-based SiRF (NASDAQ:SIRF) stock closed at $2.57, up 47 cents. The company has a market value of about $150 million. Shares of Irvine-based Broadcom (NASDAQ:BRCM) were flat on a market value of $11 billion.
Last month, an International Trade Commission judge ruled that SiRF infringed on six of Broadcom’s patents for global positioning in cell phones. A final decision is set to be made before the end of the year.
SiRF has seen executive changes and a big drop in its stock price in the past year as a result of the ruling.
A settlement likely would see SiRF pay royalties to Broadcom
Friday, September 5, 2008
FNM & FRE 9/5/08 - Fannie Mae ( FNM ) & Freddie Mac ( FRE ) Breaking out Afterhours
Fannie Mae ( FNM ) and Freddie Mac ( FRE ) are breaking out in afterhours tonight Friday 9/05/08. The stock market futures are surging on this news as well!
NEW YORK (Dow Jones)--The U.S. Treasury, while remaining tightlipped around details on its plans for Freddie Mac (FRE) and Fannie Mae (FNM), is quietly working behind the scenes to lend a helping hand to the struggling mortgage finance giants.
In recent weeks, Treasury officials have been reaching out to overseas buyers - including foreign central banks - of so-called agency securities, or debt sold by the two companies, to reassure them of the creditworthiness of these borrowings.
In one such conversation, at the end of August, the Treasury sought to reassure the Bank of Mexico, according to a person familiar with the matter, of the soundness of agency securities held by the bank. The discussion with the Treasury took place as Mexico's central bank, an investor in agency debt, met with Freddie officials to address concerns it had about these investments.
Treasury officials have also had similar conversations with Japanese investors who are buyers and holders of agency debt.
The moves are an effort to quell concerns of investors amid uncertainty around the fate of Freddie and Fannie. They are also aimed at bolstering demand for this type of financing by the two companies that is critical to their business. Many analysts and investors say that a government bailout is inevitable if Freddie and Fannie, which were chartered by the Congress to fuel home ownership, are unable to tap the debt market for funding.
The backdoor workings of the Treasury offer a window into how critical Freddie's and Fannie's access to the debt market is to their functioning. The two government-sponsored enterprises use the funds to finance their purchases of home loans from mortgage lenders.
"We are making progress on our work" with the companies' regulator and government officials, said Treasury spokeswoman Jennifer Zuccarelli.
For the Treasury, the ability of the pair to keep turning over their debt is paramount. Last month, Congress gave the Treasury Department the authority to lend money to the firms or take an equity stake. While Treasury officials have reiterated that they have no imminent plans to intervene, a deterioration in the housing sector could force their hand if either company can no longer fund itself.
It is widely expected that such an intervention will likely render worthless the holdings of existing shareholders. The government is expected to protect holders of the companies' senior debt and the mortgage-backed securities they guarantee to avoid a meltdown in financial markets.
NEW YORK (Dow Jones)--The U.S. Treasury, while remaining tightlipped around details on its plans for Freddie Mac (FRE) and Fannie Mae (FNM), is quietly working behind the scenes to lend a helping hand to the struggling mortgage finance giants.
In recent weeks, Treasury officials have been reaching out to overseas buyers - including foreign central banks - of so-called agency securities, or debt sold by the two companies, to reassure them of the creditworthiness of these borrowings.
In one such conversation, at the end of August, the Treasury sought to reassure the Bank of Mexico, according to a person familiar with the matter, of the soundness of agency securities held by the bank. The discussion with the Treasury took place as Mexico's central bank, an investor in agency debt, met with Freddie officials to address concerns it had about these investments.
Treasury officials have also had similar conversations with Japanese investors who are buyers and holders of agency debt.
The moves are an effort to quell concerns of investors amid uncertainty around the fate of Freddie and Fannie. They are also aimed at bolstering demand for this type of financing by the two companies that is critical to their business. Many analysts and investors say that a government bailout is inevitable if Freddie and Fannie, which were chartered by the Congress to fuel home ownership, are unable to tap the debt market for funding.
The backdoor workings of the Treasury offer a window into how critical Freddie's and Fannie's access to the debt market is to their functioning. The two government-sponsored enterprises use the funds to finance their purchases of home loans from mortgage lenders.
"We are making progress on our work" with the companies' regulator and government officials, said Treasury spokeswoman Jennifer Zuccarelli.
For the Treasury, the ability of the pair to keep turning over their debt is paramount. Last month, Congress gave the Treasury Department the authority to lend money to the firms or take an equity stake. While Treasury officials have reiterated that they have no imminent plans to intervene, a deterioration in the housing sector could force their hand if either company can no longer fund itself.
It is widely expected that such an intervention will likely render worthless the holdings of existing shareholders. The government is expected to protect holders of the companies' senior debt and the mortgage-backed securities they guarantee to avoid a meltdown in financial markets.
9/05/08 Biggest Stock Gainers: Fridays Largest Stock Market Gainers 2008
Here is a list of Friday's 9/05/08 Hot Stock Gainers, Nasdaq, NYSE, Amex combined. These stocks broke out today! http://blackberrystocks.com/hotstocks.html
9/05/08 Biggest Gainers
ENLV $.685 +37.00%
SNDK $17.65 +31.13%
DSL $3.00 +28.76%
UST $67.59 +25.17%
BBX $2.08 +22.35%
SIRF $2.56 +21.90%
BPUR $.37 +21.28%
DARA $1.41 +19.49%
SPNC $5.58 +17.97%
ACAD $2.82 +17.50%
NBF $.30 +15.35%
ZQK $8.27 +15.02%
ULTA $12.65 +14.38%
GTI $19.19 +14.02%
HOKU $6.32 +13.87%
9/05/08 Biggest Gainers
ENLV $.685 +37.00%
SNDK $17.65 +31.13%
DSL $3.00 +28.76%
UST $67.59 +25.17%
BBX $2.08 +22.35%
SIRF $2.56 +21.90%
BPUR $.37 +21.28%
DARA $1.41 +19.49%
SPNC $5.58 +17.97%
ACAD $2.82 +17.50%
NBF $.30 +15.35%
ZQK $8.27 +15.02%
ULTA $12.65 +14.38%
GTI $19.19 +14.02%
HOKU $6.32 +13.87%
August Jobs Report - August nonfarm Payrolls - Unemployment report
August Jobs - Nonfarm payrolls were down 84,000
August Unemployement Rate falls to 6.1%
August average hourly earnings $18.14
August Unemployement Rate falls to 6.1%
August average hourly earnings $18.14
Visa ( V ) Technical Analysis Stock Chart 9/05/08
The following is Technical Analysis for Visa ( V )...check out my Visa Stock Chart
Visa is closing to hitting support at around $70 but if $69.01 is closed below you could test $66.41 fast. All stocks are getting hammered lately so you can really have any stock you want at a bargin. If Visa went below $65, this would be attractive to me even though it would be broken. Resistance is $77.50 and $78.79. When these are closed above, Visa can get back on track again.
Visa is closing to hitting support at around $70 but if $69.01 is closed below you could test $66.41 fast. All stocks are getting hammered lately so you can really have any stock you want at a bargin. If Visa went below $65, this would be attractive to me even though it would be broken. Resistance is $77.50 and $78.79. When these are closed above, Visa can get back on track again.
SNDK - Sandisk: Samsung wants to buy Sandisk - 9/05/08
Samsung came out last night and stated that they mulling a way to buyout Sandisk ( SNDK ). I wonder how the shorts feel about this today as SNDK is up nearly 32% in pre market. This is what happens when stocks are dirt cheap!
South Korea's Samsung Electronics Co. (005930.SE) Friday said it is looking at various ways of tying up with SanDisk Corp. (SNDK), including a possible acquisition of the world's largest flash memory card maker by revenue.
Analysts said an acquisition, if it pushes through, could help Samsung cut the amount of royalties it pays to SanDisk, and could further tighten its control of the global flash memory market.
"We're looking at various tie-up plans with SanDisk, including an acquisition, but nothing has been decided for now," Samsung, the world's largest maker of memory chips by revenue and units, said in a regulatory filing.
Sandisk ( SNDK ) has come out this morning and say that they recieve a lot of offers but will not comment on rumors.
South Korea's Samsung Electronics Co. (005930.SE) Friday said it is looking at various ways of tying up with SanDisk Corp. (SNDK), including a possible acquisition of the world's largest flash memory card maker by revenue.
Analysts said an acquisition, if it pushes through, could help Samsung cut the amount of royalties it pays to SanDisk, and could further tighten its control of the global flash memory market.
"We're looking at various tie-up plans with SanDisk, including an acquisition, but nothing has been decided for now," Samsung, the world's largest maker of memory chips by revenue and units, said in a regulatory filing.
Sandisk ( SNDK ) has come out this morning and say that they recieve a lot of offers but will not comment on rumors.
Thursday, September 4, 2008
9-4-08 Biggest Stock Gainers - Largest Stock Gainers for Sep 4th, 2008
Todays Stock Gainers
9/05/08 Biggest Gainers
TGIC $3.12 +50.00%
PTN $.27 +50.00%
RAMR $2.72 +35.32%
GBE $4.46 +28.53%
CAPA $4.69 +25.40%
GNLB $.57 +23.91%
LTXC $2.15 +17.49%
CHNL $.42 +16.67%
GGC $4.26 +15.14%
HAYZ $2.95 +13.03%
CRTX $.25 +12.36%
PCYC $2.12 +11.58%
SCA $2.63 +11.44%
PSS $17.41 +11.39%
CHCI $.81 +10.96%
PARS $.265 +10.42%
9/05/08 Biggest Gainers
TGIC $3.12 +50.00%
PTN $.27 +50.00%
RAMR $2.72 +35.32%
GBE $4.46 +28.53%
CAPA $4.69 +25.40%
GNLB $.57 +23.91%
LTXC $2.15 +17.49%
CHNL $.42 +16.67%
GGC $4.26 +15.14%
HAYZ $2.95 +13.03%
CRTX $.25 +12.36%
PCYC $2.12 +11.58%
SCA $2.63 +11.44%
PSS $17.41 +11.39%
CHCI $.81 +10.96%
PARS $.265 +10.42%
Stock Gainers 9/04/08 - Hot Stocks for Thursday
The following stock ticker symbols are the biggest gainers in the stock market today and this afternoon on 9-4-08:
9/04/08 Afternoon Movers
PTN
CHCI
TGIC
CAPA
PCYC
HAYZ
CRXX
SCA
GGC
PSS
NAV
SEL
9/04/08 Afternoon Movers
PTN
CHCI
TGIC
CAPA
PCYC
HAYZ
CRXX
SCA
GGC
PSS
NAV
SEL
Dow Jones 11,291 Support Level Hit 9-4-08
Hey, look where we are, right at previous support 11,291. I just blogged about this level this morning. For traders....this could be a nice bounce off level. The selling has been plentiful this morning so its tough to say where we will close. But given we were just at 11,790 on Tuesday...we have fallen 500 points in days...this might be a good place to look for a bounce.
to be continued...........
to be continued...........
Stock Gainers 9/4/08 - Thursday's Hot Stocks - Stock on the Move
Here is a list of 9/04/08 Hot Stocks - Breakout Stocks this morning: Great for Trading!
9/04/08 Morning Movers
CHCI
TGIC
CAPA
HAYZ
SCA
NAV
TMA
PSS
PMI
http://blackberrystocks.com/hotstocks.html
9/04/08 Morning Movers
CHCI
TGIC
CAPA
HAYZ
SCA
NAV
TMA
PSS
PMI
http://blackberrystocks.com/hotstocks.html
Dow Jones Analysis 9-4-08 - Dow Jones Industrial Average Technical Analysis
Dow Technical Analysis 9-04-08:
The Dow Jones is trending right along with the 10 day moving average. Monday we put in a short term top at 11,790.17 and failed to break out past the August high of 11,867.11. These are two points for the Dow Jones that you will want to mark down. As soon as we close over 11,790, we will most likely test the next level of 11867. A close over this, and I strongly believe we will go back to test the Dows 200 day moving average which is currently at 12,346. This to me will be a sign that the July 15th lows have held and we will start to recover.
What longs do not want to see regarding the Dow Jones:
A break below 11,400 has always been concerning. I don't think another retest under 11,400 will have a good impact on the markets. A close below 11,290 and we will most likely retest 11,000 and below.
Dow Jones Resistance: 11,790 & 11867
Dow Jones Support: 11,400 & 11,290
For more on upcoming earnings: Visit http://blackberrystocks.com
For more information on Shale Drilling: http://oilshalegas.com/haynesvilleshale
The Dow Jones is trending right along with the 10 day moving average. Monday we put in a short term top at 11,790.17 and failed to break out past the August high of 11,867.11. These are two points for the Dow Jones that you will want to mark down. As soon as we close over 11,790, we will most likely test the next level of 11867. A close over this, and I strongly believe we will go back to test the Dows 200 day moving average which is currently at 12,346. This to me will be a sign that the July 15th lows have held and we will start to recover.
What longs do not want to see regarding the Dow Jones:
A break below 11,400 has always been concerning. I don't think another retest under 11,400 will have a good impact on the markets. A close below 11,290 and we will most likely retest 11,000 and below.
Dow Jones Resistance: 11,790 & 11867
Dow Jones Support: 11,400 & 11,290
For more on upcoming earnings: Visit http://blackberrystocks.com
For more information on Shale Drilling: http://oilshalegas.com/haynesvilleshale
Wednesday, September 3, 2008
LEH Lehman Afterhours - Aftermarket 9/03/08 - Leh spiking afterhours
Lehman Brothers ( LEH ) stock is jumping afterhours tonight 9/03/08 as there is a report out of Japan that Tokyo Mitsubishi Poised To Bid For Stake In Lehman.
Up to a 5% stake....... Lehman ( LEH ) stock is at $17.50 afterhours tonight up 3.5%
Up to a 5% stake....... Lehman ( LEH ) stock is at $17.50 afterhours tonight up 3.5%
FNM Fannie Mae stock 9/03/08 - FNM Stock Breaking out
Fannie Mae ( FNM ) is breaking out to $7.65 early in trading today as the comapny has sold 2 billion dollars worth of bills, CNBC says this is a sign that things are no so bad with Fannie Mae FNM.
FNM the largest U.S. home funding source, said on Wednesday it sold $2 billion of short-term debt at lower interest rates compared with a week earlier.
The company sold $1 billion of three-month benchmark bills due Dec. 3, 2008 at a stop-out rate, or lowest accepted rate of 2.553 percent and $1 billion of six-month bills due March 4, 2009 at a 2.858 percent stop-out rate.
The three-month bills were priced at 99.355 and have a money market yield of 2.570 percent, and the six-month bills were priced at 98.555 and have a money market yield of 2.900 percent, according to Fannie Mae.
On Aug. 27, Fannie Mae sold $1 billion of three-month bills at a 2.580 percent stop-out rate and $1 billion of six-month bills at a 2.870 percent stop-out rate.
FNM the largest U.S. home funding source, said on Wednesday it sold $2 billion of short-term debt at lower interest rates compared with a week earlier.
The company sold $1 billion of three-month benchmark bills due Dec. 3, 2008 at a stop-out rate, or lowest accepted rate of 2.553 percent and $1 billion of six-month bills due March 4, 2009 at a 2.858 percent stop-out rate.
The three-month bills were priced at 99.355 and have a money market yield of 2.570 percent, and the six-month bills were priced at 98.555 and have a money market yield of 2.900 percent, according to Fannie Mae.
On Aug. 27, Fannie Mae sold $1 billion of three-month bills at a 2.580 percent stop-out rate and $1 billion of six-month bills at a 2.870 percent stop-out rate.
JRJC - China Finance Online - Stocks to Watch in China 9/03/08
JRJC - China Finance Online released earnings last week and they were pretty incredible. Here is a table of their growth q over q and y over y.
Second Quarter 2008 2007 Variance in %
Net revenues $14,679 $5,723 156%
GAAP net income 4,561 1,562 192%
Non-GAAP net income 6,528 2,159 202%
GAAP net income per ADS Basic $0.23 $0.08 188%
Diluted $0.20 $0.08 150%
Non-GAAP net income per ADS Basic $0.33 $0.11 200%
Diluted $0.28 $0.11 155%
Operating Data: Registered users 10,500,000 7,300,000 44%
Active paid individual subscribers 100,600 37,400 169%
The above is pretty amazing growth! JRJC is trading at just 11.5 times 2009 earnings. If JRJC can keep growing at this rate, it could be a huge stock in 2009. Keep an eye on China Finance Online!
Second Quarter 2008 2007 Variance in %
Net revenues $14,679 $5,723 156%
GAAP net income 4,561 1,562 192%
Non-GAAP net income 6,528 2,159 202%
GAAP net income per ADS Basic $0.23 $0.08 188%
Diluted $0.20 $0.08 150%
Non-GAAP net income per ADS Basic $0.33 $0.11 200%
Diluted $0.28 $0.11 155%
Operating Data: Registered users 10,500,000 7,300,000 44%
Active paid individual subscribers 100,600 37,400 169%
The above is pretty amazing growth! JRJC is trading at just 11.5 times 2009 earnings. If JRJC can keep growing at this rate, it could be a huge stock in 2009. Keep an eye on China Finance Online!
USO Analysis 9/03/08 - USO Technical Analysis Sep 3, 2008
USO Technical Analysis Stock Chart
POT - Potash Analysis 9/03/08 - Potash ( POT ) technical analysis Sep 3, 2008
Pot Potash Technical Analysis Stock Chart
Pot has broken down severly yesterday 9/02/08. Potash gapped below its 200 day moving average which is very bearish. I would expect the previous low to be tested at $157. If this holds, you could get a solid reversal and this could be a nice long term bottom.
ABK - Ambac news 9/03/08 - ABK hot in Pre market 9/03/08t
Last night, 9/02/08, Ambac ( ABK ) came out with the following news:
Ambac Financial Group, Inc. ( ABK ) Ambac Assurance Corporation (Ambac Assurance) today announced that it has received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and reactivate Connie Lee Insurance Company (“Connie Lee”), its financial guarantee subsidiary. Connie Lee will conduct business under a new name and will focus on the U.S. municipal and global public purpose financing markets. Ambac Assurance will inject $850 million into Connie Lee which will operate as a separate corporate and legal entity within Ambac Financial Group, Inc. (Ambac). Ambac is seeking to obtain stand-alone triple-A ratings for Connie Lee, and has worked extensively with Moody’s and Standard and Poor’s towards that goal. Connie Lee expects to write new insurance policies no later than the fourth quarter of 2008.
ABK is now trading above $8 in pre market and it bumping up at that $8.11 resistance level that I spoke about weeks ago when it was in the $5's.
So now what? Well, the next resistance level I see would be at $9.35 which is at the 200 day moving average. Keep in mind, this will move lower each day given that horrible past 200 days. This is your next point to watch. If ABK would close over $8.11, use a tight stop.
Tuesday, September 2, 2008
Google Chrome - New Browser from Google!
Google came out yesterday and said they will release a new web broswer today, Google Chrome.
Google Inc. plans to introduce an Internet browser today, challenging Microsoft Corp.'s dominant Internet Explorer and expanding the rivalry between the two Internet heavyweights.
The new browser, called Google Chrome, aims to reduce the frequency of crashed Web pages due to software errors, add extra protection against malicious sites that spread online viruses and be more compatible with the latest software used on Web pages, according to the company.
Google's browser is open source, meaning Internet users are invited to add to the underlying software code to improve its performance and expand its capabilities.
A test version of the free browser will be available for download sometime this afternoon at www.google.com/chrome.
Youtube like service for businesses
Google Inc. (GOOG) is launching a service that will allow its business software subscribers to view and share video clips in the same way that consumers use the company's popular YouTube site.
The Mountain View, Calif.-based Internet company said Google's video-for-business service will enable anyone to upload employee-generated videos, from executive communications to product training clips and trip reports, and share them securely with individuals or their entire company.
The new video service will be available to subscribers of Google Apps Premier Edition software - which includes online messaging, word processing, spreadsheet and security applications - and marks the company's latest attempt to woo customers away from Microsoft Corp.'s (MSFT) office software.
Google Inc. plans to introduce an Internet browser today, challenging Microsoft Corp.'s dominant Internet Explorer and expanding the rivalry between the two Internet heavyweights.
The new browser, called Google Chrome, aims to reduce the frequency of crashed Web pages due to software errors, add extra protection against malicious sites that spread online viruses and be more compatible with the latest software used on Web pages, according to the company.
Google's browser is open source, meaning Internet users are invited to add to the underlying software code to improve its performance and expand its capabilities.
A test version of the free browser will be available for download sometime this afternoon at www.google.com/chrome.
Youtube like service for businesses
Google Inc. (GOOG) is launching a service that will allow its business software subscribers to view and share video clips in the same way that consumers use the company's popular YouTube site.
The Mountain View, Calif.-based Internet company said Google's video-for-business service will enable anyone to upload employee-generated videos, from executive communications to product training clips and trip reports, and share them securely with individuals or their entire company.
The new video service will be available to subscribers of Google Apps Premier Edition software - which includes online messaging, word processing, spreadsheet and security applications - and marks the company's latest attempt to woo customers away from Microsoft Corp.'s (MSFT) office software.
9/02/08 Pre Market Gainers - Hot Stocks - Breakout stocks
This morning Oil is down at $108 breaking all support levels. As a result, the market futures are surging and airline stocks are flying.
Here is a list of stocks breaking out 9/02/08. These stocks will be hot today!
UAUA
DAL
LCC
CAL
FRE
LEH
ABK
FNM
Here is a list of stocks breaking out 9/02/08. These stocks will be hot today!
UAUA
DAL
LCC
CAL
FRE
LEH
ABK
FNM
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