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
Showing posts with label 9/16/08. Show all posts
Showing posts with label 9/16/08. Show all posts
Wednesday, September 17, 2008
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
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
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.
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