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%
Wednesday, September 3, 2008
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
Saturday, August 30, 2008
Dow Jones analysis 9/02/08 - Dow Jones Average Technical Analysis
The Dow Jones closed at 11,543.55 on 8/29/08. It was a very low volume day and all of last week was very low on the volume due to the late summer months when most people go on vacation. The Dow opened just below 11,700 and sank all day.
Key Factors: McCain selecting Sarah Palin as the VP candidate, Dell Earnings, Hurricane Gustav and the impact it may have.
Dow Jones Technical Analysis:
The Dow has made a pretty nice base for itself around the 11,400 area over the past several weeks. Looking at the Dow Chart, we need to continue to hold the 10 day moving average on a closing basis which is currently at 11453. A close below this and more selling pressure will arrive. Technicians use this moving average to gauge overall market strength for the short term. Technicians use the 50 and 200 day moving averages for the long term.
Dow Support and Resistance: The Dow has support at 11,453 and 11,390. Resistance is 11715 and 11867. When we clear this you will not want to be caught short. A big move higher could follow for the Dow.
For the week of 9/2/08 - 9/05/08.....look for some bigger volume and watch these important levels described above. The volume will really come back 9/08/08 and beyond.
Key Factors: McCain selecting Sarah Palin as the VP candidate, Dell Earnings, Hurricane Gustav and the impact it may have.
Dow Jones Technical Analysis:
The Dow has made a pretty nice base for itself around the 11,400 area over the past several weeks. Looking at the Dow Chart, we need to continue to hold the 10 day moving average on a closing basis which is currently at 11453. A close below this and more selling pressure will arrive. Technicians use this moving average to gauge overall market strength for the short term. Technicians use the 50 and 200 day moving averages for the long term.
Dow Support and Resistance: The Dow has support at 11,453 and 11,390. Resistance is 11715 and 11867. When we clear this you will not want to be caught short. A big move higher could follow for the Dow.
For the week of 9/2/08 - 9/05/08.....look for some bigger volume and watch these important levels described above. The volume will really come back 9/08/08 and beyond.
Friday, August 29, 2008
BIDU - Baidu.com stock analysis 8/29/08 - BIDU technical analysis stock chart 8/29/08
BIDU has continued to report blow out earnings and the company expects baidu.jp to start recording revenue by the end of 2008. $300 is your major support level here...a close below this and I will be getting out and waiting. $330 is resistance from the high this week, followed by $343.97 and $353.37. Once $330 is closed above, I think $300 will hold going forward into the end of the year. Bidu has the potential to have a huge breakout period into 2009. Watch $330 and $300 closely!!
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