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.
Monday, September 8, 2008
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.
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