Friday, October 29, 2010

Today's Recorded "Essential Professional Intra Day Trading Class" FINAL Lesson 5

http://www.instantpresenter.com/JuggernautRoomB/E054DE8289

Final Live Day For JT's

Final Live Day For JT's

Today's IPO looks intresting - GAGA - Delayed open

Le Gaga's (GAGA) IPO Prices at High End of Expected Range
Oct 29 at 09:22
Profile hits: QU2

      Earlier this morning, GAGA's 10.9 mln share IPO priced at the high end of
its expected range, coming in at $9.50 vs. the $7.50-$9.50 expected range,
to raise total gross proceeds of $103 mln. The lead underwriters on the deal
were BofA Merrill Lynch and UBS... GAGA is one of the largest greenhouse
vegetable producers in China, selling over 100 varieties of vegetables, such as
cabbage, tomatoes, peppers, broccoli, potatoes, and cucumbers, to name a few.
The co markets to wholesalers (55.4% of sales), institutional customers (33.7%),
and supermarket chains (10.8%) in China and Hong Kong. Its top customers include
Wal-Mart, and the country's largest grocery chains, including Wellcome,
ParknShop, and Vanguard. GAGA operates 16 farms with an aggregate area of 1,257
hectares in the Chinese provinces of Fijian, Guangdong, and Hebei. Fourteen of
these farms are located near its target markets in southern China... For the
three months ended June 30, 2010, GAGA's revenue grew roughly 55% to RMB 83.3
mln. Unfortunately, the co's strong sales growth was undermined by a 81% surge
in the cost of inventories sold, to RMB 79.3 mln. This significant increase
was mostly driven by higher farmland operating expenses. Consequently, GAGA's
operating margins dove to 28.3% from 52.8%, and operating income slid 17%
year-over-year to RMB 23.6 mln... Based on the success of prior
consumer-oriented, China based IPOs (CCSC & MCOX), GAGA's strong pricing does
not come as a surprise. GAGA's story isn't completely "clean" due to its eroding
margins as it builds more greenhouses, but interest should remain high based on
its growth potential and investors' strong appetite for emerging market IPOs.

NG looks higher

ARGUMENTS - Tim Kelleher: technical fundamentals
Tim Kelleher: takeover chatter STRONG SECTOR - TRENDS - TRAPS - TRADEABILITY

10-29-10 - Pre Market Meeting

Bank of America reportedly pushed risky products on customers, NY Post says

  In the midst of the financial meltdown, a former Bank of America (BAC)
employee claims the firm "aggressively" pushed complex derivatives products on
customers without warning them of the risks associated with them. In a letter to
SEC chief Mary Schapiro, the former employee claims the bank told investors the
products were "extremely conservative," the New York Post reports. [Reference
Link]:[http://www.nypost.com/p/news/business/informer_bofa_hawked_risky_deals_9A
R9iRb1nf2ndz6F4nMO0O]

Today's Calendar

Friday, October 29, 2010
Economic
08:30 US Advance Q3 GDP/Price Index/Personal Consumption/Core PCE; Canada Aug GDP
09:45 US Oct Chicago Purchasing Manager Index
10:00 US Oct University of Michigan Confidence, Oct NAPM-Milwaukee
Events
Trades Ex-dividend: SEP $0.44.
Earnings
Before the Open: ALE, LNT, AEE, AXL, AGP, AON, AIV, ACI, B, BPO, CSE, CVX, CI, SUR, CMCO, CMC, CNX, CEG, D, UFS, DTE, EIX,EL, GHM, HSIC, HMSY, IPG, ITT, LPNT, MGLN, MDC, MRK, MEA, NDAQ, NWL, NI, POM, PNM, PGN, PFS, COL, RUTH, SHPGY, SNE, WBC.

Thursday, October 28, 2010

MSFT trades at its 200 day ma resitance of 27 post earnings


MSFT offered good short scalps at its 200 may resistance levels after the headline in the post market...

10/28 | 16:11 |     Q-MSFT | DJ | Microsoft Backs FY11 Oper Expenses $26.9B-$27.3B >MSFT
10/28 | 16:11 |     Q-MSFT | DJ | Microsoft 1Q EPS 62c >MSFT
10/28 | 16:11 |     Q-MSFT | DJ | Microsoft 1Q Rev $16.2B >MSFT

BP APC RIG in motion up - HAL lower

Commission says Halliburton cement may have contributed to blowout
Oct 28 at 13:41
Profile hits: NONE

Today's Trade - BAC Short

Short BAC on the gap up this AM at 11.64. Covered some here at 11.51. Looks lower.

Arguments - TRENDS TRAPS TRADEABILTY - CONTRA  on yesterdays upgrade. Removed from Merrill's best idea list. Relative weakness.

10-28-10 - Pre Market Meeting

Today's Calendar

Friday, October 29, 2010
Economic
08:30 US Advance Q3 GDP/Price Index/Personal Consumption/Core PCE; Canada Aug GDP
09:45 US Oct Chicago Purchasing Manager Index
10:00 US Oct University of Michigan Confidence, Oct NAPM-Milwaukee
Events
Trades Ex-dividend: SEP $0.44.
Earnings
Before the Open: ALE, LNT, AEE, AXL, AGP, AON, AIV, ACI, B, BPO, CSE, CVX, CI, SUR, CMCO, CMC, CNX, CEG, D, UFS, DTE, EIX,EL, GHM, HSIC, HMSY, IPG, ITT, LPNT, MGLN, MDC, MRK, MEA, NDAQ, NWL, NI, POM, PNM, PGN, PFS, COL, RUTH, SHPGY, SNE, WBC

Wednesday, October 27, 2010

PLD Prices at 12.30 Trading higher in the pre market at 12.80

Filings, Offerings, Pricings and IPOs
Oct 27 at 07:59
Profile hits: QU2

      Filings: -- JinkoSolar Holding (JKS) filed for a 3.5 mln share ADS
offering; 2 mln ADS are being offered by the co and 1.5 mln are being offered by
selling shareholders. -- RadiSys (RSYS) filed for a $100 mln mixed shelf
offering. -- GTX (GTXI) filed for a common stock offering for an indeterminate
amount. -- Senesco (SNT) filed for a $25 mln mixed shelf offering. -- Pacific
Ethanol (PEIX) filed for a ~99.12 mln share common stock offering by selling
shareholders. -- Tsakos Energy (TNP) filed for a ~6.72 mln share common stock
offering. Offerings: -- Broadcom (BRCM) announced a $600 mln sr notes
offering. Pricings: -- ProLogis (PLD 12.63) priced an 80 mln share common stock
offering at $12.30/share. IPOs: -- Pacific Biosciences (PACB), a developer,
manufacturer and marketer of integrated platforms for genetic analysis, priced
its 12.5 mln share IPO at $16.00/share, at the midpoint of the $15-$17/share
expected range.

10-27-10 - Pre-Market Meeting with Tim & Ben

Today's Calendar

Economic
06:00 Brazil Oct Consumer Confidence
08:30 US Sept Durable Goods Orders
10:00 US Sept New Home Sales
10:30 DoE Crude Oil/Gasoline/Distillate Inventories
13:00 US Treasury's 5-yr note auction
Events
07:00 MBA Mortgage Applications. Trades Ex-dividend: AOS $0.21, CAG $0.23, LNT $0.395, COP $0.55, COST $0.205, KMP $1.10, NI $0.23, PNR $0.19, TYC $0.21.
Earnings
Before the Open: ABD, ACXM, AYE, ARLP, ARGN, ARW, AUO, ADP, AVY, BWA, EAT, CP, CMCSA, COP, CFR, DPS, ELN, EEFT, FSRV, FBC, GD, HERO, HES, IACI, IP, LAZ, LM, LECO, LOJN, MKTX, MSO, MWV, NM, NOR, NOC, NYB, ODFL, OC, PTI, PFCB, PX, PG, PEG, RDWR, RES, SAP, SVVS, SCG, SEE, SSW, SXT, SLAB, SO, SPNC, S, TASR, JNY, MDCO, TMO, UMC, USAP, VPHM, VSI, WAB, WHR, WTFC, WNS. After the Close: ACE, AEA, AFFX, ATAC, AEM, AIQ, AB, ALL, ARII, AMP, ARRS, AHL, AIZ, AVB, BEZ, BYI, BEC, BDN, BKI, CACI, CDNS, CWT, CAVM, CHH, CINF, CYH, CCI, DRE, DRCO, WIRE, ENTR, EFX, EQR, ESRX, DAVE, FVE, FLEX, FLS, FMC, FTI, GMR, GG, GSIC, HBI, HGR, HLX, HRC, IDCC, IFSIA, ICO, IPCM, IRBT, ITRI, KAI, KEG, KEX, LAD, LOGI, LOGM, LOOP, LSI, MANT, MDAS, MTH, MERU, MORN, NEWP, NSC, OMCL, OTEX, ORLY, OFIX, OI, PLXS, POWI, QTM, QDEL, RA, RRC, O, RNR, RYL, SGMO, SIGI, SFN, SFLY, SKX, FIRE, SRCL, RGR, SUNH, SXL, SPN, SYMC, TER, TMK, CLUB, TRN, TQNT, TYL, UHS, V, VISN, WRE, WLL, WSH.

Tuesday, October 26, 2010

Today's Recorded "Essential Professional Intra Day TradingClass" Lesson 2

http://www.instantpresenter.com/JuggernautRoomB/E053D98386

IBM Board Approves Quarterly Cash Dividend

ben: IBM snuck a buyback in their dividend story
Steven from North JErsey: circuit breaker haly
ben: way late now



IBM Board Approves Quarterly Cash Dividend
Oct 26 at 10:24
Profile hits: QU1

      Authorizes $10.0 Billion for Stock Repurchase
      ARMONK, N.Y.--(BUSINESS WIRE)-- The IBM (NYSE: IBM) board of directors
today declared a regular quarterly cash dividend of $0.65 per common share,
payable December 10, 2010 to stockholders of record November 10, 2010.
      With the payment of the December 10 dividend, IBM will have paid
consecutive quarterly dividends every year since 1916.
      The board today also authorized $10 billion in additional funds for use
in the company's stock repurchase program. IBM said it will repurchase shares on
the open market or in private transactions from time to time, depending on
market conditions.
      This amount is in addition to approximately $2.3 billion remaining at
the end of September 2010 from a prior authorization. With this new
authorization, IBM will have approximately $12.3 billion for its stock
repurchase program. IBM expects to request additional share repurchase
authorization at the April 2011 board meeting.
      Samuel J. Palmisano, IBM chairman, president and chief executive officer
said "IBM's higher value, higher margin business strategy has enabled the return
of $91 billion since 2003 to our shareholders through share repurchases and
dividends. We've done this while investing to bring new products and services to
market, and expanding IBM's business into new, emerging markets."

Live Morning Squawk Call - SP Futures off 6 points coming into the open via #constantcontact

Live Morning Squawk Call - SP Futures off 6 points coming into the open via #constantcontact

Saturday, October 23, 2010

Barrons Exposes Massive PUT Exposure in BAC!

Please refer to our earlier post on Friday Oct 22 were Ben and I exposed options activity..We have been short the stock since early last week from above 12....

Barron's(10/25) Could BofA Shares Fall To $2.50?
Oct 23 at 00:03
Profile hits: NONE
By Steven M. Sears

      (From BARRON'S)
      Bank of America's mortgage woes could continue to depress the banking
giant's stock for years to come. At least that's what some high-level investors
are telling us through their trading activity.
      Just a few weeks ago, Bank of America (ticker: BAC) seemed ready to emerge
from that special funk that holds back stocks with complicated investment
stories, but now the bank's future prospects are a center-stage concern amid
unease about the legality of many home foreclosures, as well as the asset
quality of its mortgages.
      "Bank of America is the market's whipping boy. It is the poster child for
the foreclosure mess," said a senior trader at a major firm, requesting
anonymity.
      In the options market, where sophisticated investors reveal their
thoughts, a dour picture is emerging.
      On Friday, an investor whose identity is unknown bought 160,000 November
$10 puts paying 12 cents a contract when the stock was at $11.48. The
order was shopped by GFI, an interdealer broker, according to a trader who was
called about the order. The massive put-purchase trade attracted attention
across the stock, options and bond markets, and set tongues wagging about why
someone would buy puts equivalent to 16 million shares that expire Nov. 19. The
trade was probably linked with stock, and serves to hedge a major position.
      According to trading patterns, some options traders are betting that
BofA's $ 11 stock could fall to $2.50 by 2013. Indeed, its $2.50 puts that
expire in January 2013 have been actively traded since Tuesday. Investors buy
put contracts if they think the stock will fall in value.
      In the current session, the action has extended to $2.50 puts that
expire in January 2012. These puts are probably little more than speculative
trades, but they are telltale signs of the depth of concern that many investors
have about BofA's stock.
      The story is also told by changes in the outstanding positions.
      Bank of America's November $12 puts, which increase in value as the
stock declines ever deeper below $12, remain unusually active. Open interest
on the November $12 puts increased Tuesday by almost 70,000 contracts,
bringing total open interest to about 360,000 contracts.
      Indeed, put options remain unusually active across all strikes and
expirations listed for Bank of America.
      In the latest round of allegations against the bank company, Pimco,
BlackRock (BLK), and the Federal Reserve Bank of New York have essentially
accused Bank of America of selling them $47 billion of mortgage-backed
securities laden with enough bad mortgages to diminish the profitability of the
investments. (For one analyst's take on this situation, see the second item in
this week's Market Watch sampling, page M11.)
      True or not, such accusations are taken seriously in the markets because
institutional investors always fear banks use their advantages as major dealers
who control the markets to unload bad financial products that they themselves do
not want to inventory. Even worse, this accusation against Bank of America
resurrects lingering investor fears that Bank of America's 2008 purchase of
Countrywide Financial for $4.1 billion has coupled the fortunes of the
Charlotte, N.C., bank to a hard-to-evaluate financial mess.
      While initial media reports indicate that BofA has been asked to buy back
up to $47 billion in mortgage securities, a person close to the money managers
said that was premature. "We want to know if improper loans were securitized,"
this person said. "At this point, it is just basic due diligence."
      So far, BofA has reportedly rebuffed requests that it repurchase the
securitized mortgages. But that counts for little in the markets. Until the
matter is settled, Bank of America will trade like a litigation stock. News
headlines will heavily influence options and stock trading. The next few weeks
could be tough even if the speculators playing for a snapback in the stock price
manage to make some money.
      In the parlance of trading, Bank of America has "headline risk." The stock
will make sharp moves in reaction to the headlines on news stories. And the
headlines will come. The banking industry is accused of relying on shoddy home-
foreclosure practices. Congress is planning hearings, which many in the markets
know -- often from personal experience -- are little more than populist witch-
hunts good for intraday trading volatility.
      Inquiries with much more impact could come in the form of investigations
by state attorneys general trying to determine if mortgage lenders violated
state laws.
      Already, many sophisticated investors have reached a guilty verdict on
Bank of America as evidenced by unusually robust trading in Bank of America's
bearish options. On Tuesday, when the bank reported disappointing earnings,
1.027 million options, or more than three times average daily volume, traded. On
Wednesday, trading volumes remained 1.6 times normal and investor pessimism was
still robust, suggesting that Mortgagegate still compels more investors and
traders to prepare for Bank of America's stock to continue to slide down the
proverbial slope of hope reserved for Wall Street's most troubled companies.
      Bank of America's stock has declined 22% this year, compared with a 9%
decline for JPMorgan Chase (JPM) and a 24% gain for Citigroup (C), the financial
sector's former problem child.
      With Bank of America's stock trading at a 52-week low, investors continue
to stockpile defensive put options that will increase in value if BofA's stock
falls further. The November $10 and $12 puts remain widely held, and in
demand. Investors are defraying the price of buying puts by selling bullish
calls. They are using money received from selling calls -- an indication the
stock is not expected to rise -- to buy bearish puts.
      ---

Tuesday, October 19, 2010

Shorting BAC here at 12, Looking for lower lows.

Short BAC at 12, looking foe lower lows.

Arguments:
-Weekly Chart is extremely compelling - relative Weakness
- Intra day weakness and compression
- UNCERTAINTY News -    Suit alleges failures by Countrywide to properly service loans. Pimco and
Black-rock are part of the consortium with the NY Fed. Unclear how much of this
has already been anticipated by
-Trends Traps Tradeable





Pimco, Blackrock And New York Fed Said To Seek Bank Of America Mortgage Putbacks | zero hedge

Pimco, Blackrock And New York Fed Said To Seek Bank Of America Mortgage Putbacks | zero hedge

10 19 10 pm meeting

Today's Earnings:

Earnings
Before the Open: AOS, AEP, ASTE, BAC, BK, KO, DPZ, EMC, FRX, GS, HOG, ITW, JNJ, LAB, LMT, MNI, MTG, MICC, NYT, OXY, OMC, PH, BTU, PII, STT, SVU, UNF,UNH, WFT. After the Close: ALTR, BMI, BBND, BSX, CREE, FSII, FULT, GILD, HBHC, HA, HUBG, ISRG, JNPR, MANH, MRTN, PNFP, RCRC, SLM, SONC, SYK, TPX, TUP, URI, WCN, WDC, YHOO.

Sunday, October 17, 2010

Barron's(10/18) Dueling Views Of Florida's St. Joe

 Investing doesn't get more dramatic than it did Wednesday at the Value
Investing Congress in New York, where hedge-fund manager David Einhorn took
apart the St. Joe Company in 139 slides. Before his speech had even ended,
shares in the Florida real-estate developer (ticker: JOE) were down 10% from
their opening price of 24.71. They ended the week at 20.56, giving St. Joe a
market value of $1.9 billion -- $370 million less than when he started
talking.
      At a May 2008 conference, Einhorn famously made the bear case on Lehman
Brothers, which rose five bucks afterward. So, this time, he brought more
evidence, including photos and video showing the company's properties were "
ghost towns." The best stuff has been sold, he said, and any "further
development destroys value."
      Einhorn argued that St. Joe should write down the value of three
developments carried on the books at $280 million, but which his Greenlight
Capital values at less than $40 million. St. Joe shares aren't worth much more
than 10 bucks, at best, he asserts.
      Florida's real-estate calamity has dashed bullish dreams for St. Joe, as
well as Barron's positive stories written in 2004, 2008 and 2010. The last piece
(" Fairholme, Sweet Fairholme," Jan. 18, 2010), penned when the stock was at 30,
profiled Bruce Berkowitz, whose Fairholme Capital Management is St. Joe's
biggest investor. On the day of Einhorn's broadside, Berkowitz added 135,600
shares to his funds' holdings; they now own 29% of the stock. Berkowitz also
filed with regulators, signaling he wants to work with the company to increase
shareholder value. "We would love to own 100%, if possible," he told Barron's.
      On Friday, St. Joe declined to comment.
      Einhorn told his audience that he had tried to communicate with St. Joe
and Berkowitz, but was ignored. Berkowitz says a debate would be of no benefit
to his mutual funds' investors. Instead, he says St. Joe should host a meeting
for investors, showing them the attractive properties Einhorn left out. He plans
to review the slide show in detail, and thinks it should be brought to the
attention of Florida's governor and U.S. senators. "We must be talking about a
different place," he says.
      Berkowitz says observers might find Einhorn's reality is right in the
short term, , and Fairholme's is right in the long term. "We're not in a rush,"
he says. "It's real estate. It's not going anywhere."
      If only that were true of the stock.

Barron's(10/18) The Trader: Stocks Post Slight Gain As Bank Shares Tumble Oct 16 at 00:09

      (From BARRON'S)
      Stock-market indexes rose modestly last week, as a rally in technology and
transportation stocks offset sharp declines in financials, particularly the
banks, which were dragged down by further worries about the housing bust.
      The Dow Jones Industrial Average added 56 points over the five trading
sessions to end at 11,062.78. The S&P 500 tacked on 11 points to end at 1176.19,
while the Nasdaq, the week's best performer, rose 66.86 points, to 2468.
      Technology shares enjoyed a banner day Friday after Google's strong
earnings report helped propel the Internet advertising company's stock (ticker:
GOOG) 11% in the session. Not far behind were Apple's shares (AAPL), which added
7% on the week.
      Federal Reserve Chairman Ben Bernanke confirmed in a speech Friday that
the central bank has every intention of trying to force down interest rates and
juice the economy by purchasing Treasuries for the Fed portfolio. Expectations
of such a move have helped propel industrial and other economically sensitive
shares.
      Offsetting the optimism were the financials, which can't seem to shake the
sins of years past. Fears that the banks will be forced to repurchase billions
of dollars of improperly documented loans that typically were sold through
securitizations hurt shares in the industry. In addition, the banks' improper
documentation of many loan foreclosures has attracted scrutiny from the state
attorneys general and the Office of the Comptroller of the Currency.
      Bank of America (BAC) shares dropped 11% to 11.98 on the week, while
JPMorgan Chase (JPM) and Citigroup (C) lost roughly 5% each. All told, the 25
largest banks lost roughly $57 billion of their market capitalization just in
the past three trading sessions, estimates Jason Goldberg an analyst at Barclays
Capital.
      While the headlines were dominated by scary tales of improper foreclosure
documentation, this problem, at least, seems manageable. The banks might have to
amend the documents and could face lawsuits, but the documents in question
generally involve customers who haven't been paying their mortgages. Loans that
were improperly originated and often sold into securitizations in years past
might prove a thornier and more expensive problem. If investors can prove that
the loans were improperly originated, they can force the banks to repurchase
them.
      JPMorgan disclosed last week in its quarterly earnings announcement that
it had boosted its mortgage-repurchase reserve by $1 billion, to a total of
$3 billion. It took $500 million in losses in the latest quarter due to the
repurchases, says Goldberg. Even so, the bank still made north of $4 billion
in the quarter and turned in $1.01 in earnings per share, above the 90-cent
consensus.
      The subject is sure to stay in the headlines this week as both Bank of
America and Citibank report earnings. Calculating how much the banks might have
to pay to repurchase improperly originated mortgages is anyone's guess, and
estimates vary widely. One hedge fund, Branch Hill Capital, has estimated that
Bank of America alone might have to repurchase $74 billion of loans. Barclays'
Goldberg, doing a back-of-the-envelope estimate, comes up with a potential $10
billion shortfall for the whole industry, after adjusting for the taxes and
existing reserves.
      In a recent interview with Bloomberg discussing both the foreclosure and
mortgage-repurchase issues, Barbara Desoer, head of Bank of America's home
lending, said, "The facts about the potential costs to the banks are grossly
distorted."
      Given the $57 billion in lost market share that the banks suffered last
week, the problem looks to be more than priced into the market.
      Transportation stocks are chugging along nicely this year, with the Dow
Jones Transportation Average up almost 15%, approaching its spring high. It got
a nice boost last week after CSX (CSX) reported that quarterly earnings rose 43%
from a year ago, beating analysts' expectations. CSX shares jumped 3.6% to 59.54
during the week, and Norfolk Southern (NSC) came along for the ride, rising
1.6%.
      Gains haven't been limited just to the railroad sector. FedEx (FDX) shares
are up 25% since bottoming in July and CH Robinson Worldwide (CHRW), a logistics
company, has enjoyed a 40% rally from its February lows.
      "These companies all do very well when the economy is growing," says Ed
Yardeni, president & chief investment strategist at Yardeni Research. They're
also benefitting from a boom in the transportation of agricultural products and
imports.
      Market bulls should take comfort from the transports' rally, as Dow Theory
posits that when stocks of the companies that make products (the industrials)
and stocks of the companies that move products (the transports) are both doing
well, it's a positive sign for the broader market, explains Louise Yamada of LY
Advisors. Yamada believes we're in a cyclical bull market.
      That said, Richard Russell, editor of the Dow Theory Letters, is bearish
despite the positive signals from the Dow transports. Stock valuations are
stretched and dividend yields are paltry, he says, noting "the valuation is
characteristic of a top." Russell is investing in gold.
      But it's hard to ignore CSX's experience in the trenches, where unit
volume grew 10%, and revenue 16% in the third quarter. While the company
acknowledged that shipments related to housing are dormant, shipments of coal,
agricultural and automotive products, and chemicals are strong.
      Executives see that strength continuing. CSX forecasts that U.S.
industrial production will rise 4.9% in the fourth quarter, and management sees
"good, slow steady growth" for the whole economy next year. Rick Paterson, an
analyst at UBS, has an above-consensus 2011 earnings estimate of $5 a share.
He rates CSX a Buy, with a 12-month price target of 80.
      If CSX is right, that's good news not just for the company's shareholders
but the stock market generally.
      Some of last week's best-performing stocks were targets of acquisitions.
King Pharmaceuticals (KG) agreed to be purchased by Pfizer (PFE) for $3.6
billion in cash. Its shares soared 37%.
      Yahoo! (YHOO) benefited from rumors it might get a bid from private-equity
outfits and AOL (AOL), which sent Yahoo! shares up 12% on the week. Western
Digital (WDC) rose 10% even though the company never even got a buyout offer.
But rival Seagate Technology (STX) soared on hopes that a private-equity firm
might make a deal.
      Deal activity is about 20% higher so far this year, at $584 billion,
than in the same stretch of 2009. Richard Peterson, a director at Standard &
Poor's, expects deal volume to finish the year at $800 billion, far below a
peak of $1.4 trillion in 2007, but sharply higher than last year's $692
billion.
      "The takeaway from the M&A [merger and acquisition] activity is that
stocks are too cheap," says Jerry Harris, president and market strategist at
Sterne Agee Asset Management in Birmingham, Ala.
      ---

                         VITAL SIGNS

                         Friday's      Week's        Week's
                            Close      Change        % Chg.

DJ Industrials           11062.78     +56.30         +0.51
DJ Transportation         4694.78     +66.39         +1.43
DJ Utilities               406.23      +2.32         +0.57
DJ 65 Stocks              3841.33     +30.40         +0.80
DJ US Market               294.20      +2.95         +1.01
NYSE Comp.                7520.60     +42.18         +0.56
Amex Comp.                2100.63     +29.48         +1.42
S&P 500                   1176.19     +11.04         +0.95
S&P MidCap                 819.76      +8.39         +1.03
S&P SmallCap               373.82      +6.19         +1.68
Nasdaq                    2468.77     +66.86         +2.78
Value Line (arith.)       2593.15     +32.26         +1.26
Russell 2000               703.16      +9.34         +1.35
DJ US TSM                12326.75    +130.55         +1.07

                       Last Week   Week Earlier

NYSE

Advances                 1,821      2,202
Declines                 1,318        948
Unchanged                   55         46
New Highs                  634        518
New Lows                    22         24
Av Daily Vol (mil)       4,793.9    4,155.3
Dollar
(Finex spot index)          77.04      77.33
T-Bond
(CBT nearby futures)       126-08     127-10
Crude Oil
(NYM light sweet crude)     81.25      82.66
Inflation KR--CRB
(Futures Price Index)      296.06     295.11
Gold
(CMX nearby futures)      1371.10    1344.20

Thursday, October 14, 2010

GOOG looking for up $50 - Post Market. Floating up ALL NASDAQ stocks...

Check out the high ticker on on the right. Its all about NASDAQ high flyers GOOG - AAPL - BIDU - RIMM

GOOG reports - old school post market up move closing in on up 40 points

abbey c from nyc: goog is floating up ALL NASDAQ stocks in the post market!!!

10/14 | 16:05 |     Q-GOOG | MI | Google Bests Q3 Expectations - Advancing 6% in After-Hours
10/14 | 16:05 |     Q-GOOG | DJ | Google 3Q Net Cash From Operating Activities $2.89B >GOOG
10/14 | 16:04 |     Q-GOOG | DJ | Google 3Q Cost-Per-Click Increased 3% >GOOG
10/14 | 16:04 |     Q-GOOG | DJ | Google 3Q Paid Clicks Up 16% >GOOG
10/14 | 16:04 |     Q-GOOG | DJ | Google 3Q Capex $757M >GOOG
10/14 | 16:03 |     Q-GOOG | DJ | Google 3Q Non-GAAP Operating Income $2.93B >GOOG
10/14 | 16:03 |     Q-GOOG | DJ | Google Shares Jump 6% After 3Q Results >GOOG
10/14 | 16:03 |     Q-GOOG | DJ | Google 3Q Co.-Owned Sites Revenue $4.83B >GOOG
10/14 | 16:03 |     Q-GOOG | DJ | Google 3Q Traffic Acquisition Costs $1.81B >GOOG
10/14 | 16:03 |     Q-GOOG | DJ | GOOG 3Q Earnings Alert: Thomson Reuters $6.69
10/14 | 16:03 |     Q-GOOG | DJ | Google 3Q Network Rev $2.2B >GOOG
10/14 | 16:03 |     ------ | CE | Large cap tech (QQQQ, NQ) seeing positive initial response to GOOG Q3 earnings
10/14 | 16:02 |     Q-GOOG | DJ | Google 3Q Operating Income $2.55B >GOOG
10/14 | 16:02 |     Q-GOOG | DJ | Google 3Q Net $2.17B >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q Rev $7.29B >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q Rev $7.29B >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q EPS $6.72 >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q Adj EPS $7.64 >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q EPS $6.72 >GOOG
10/14 | 16:01 |     Q-GOOG | DJ | Google 3Q Rev $7.29B >GOOG

JuggernautTrading's webcam video October 14, 2010, 10:32 AM

Live Morning Squawk Call - Now featuring Ben's AM News Recap via #constantcontact

Live Morning Squawk Call - Now featuring Ben's AM News Recap via #constantcontact

Wednesday, October 13, 2010

Breaking News - YHOO in motion in the post market

YHOO Reportedly, AOL and private equity firms are mulling a deal for Yahoo - WSJ citing sources
- The private equity firms include Silver Lake and Blackstone Group.
- According to the report, ...
(15.25, +0.82, 5.68%) more... (related AOL GOOG MSFT DEALS )

APOL crushed after hours

APOL Reports Q4 $1.31 v $1.26e, R$1.26B v $1.3Be
- Company is withdrawing its prior preliminary business outlook for fiscal 2011. (2011 Rev in hig... (49.50, -0.48, -0.96%) more... (related ESI COCO CECO STRA EDMC SLVN LINC )

Art Cashin On The Coming Hyperinflation | zero hedge

Art Cashin On The Coming Hyperinflation | zero hedge

JuggernautTrading's webcam video October 13, 2010, 10:57 AM

Live Morning Squawk Call - Now featuring Ben's AM News Recap via #constantcontact

Live Morning Squawk Call - Now featuring Ben's AM News Recap via #constantcontact

Monday, October 11, 2010

JuggernautTrading's webcam video October 11, 2010, 10:07 AM

LDK looks higher

Long LDK 10.76 average

7 Arguments:

- Large Relative Strength all AM long. Both in the pre market and regular session.
-Trends Traps Tradeabilty
-Big White shoe firm giving it a significant upgrade (UBS) LDK Solar upgraded to Buy from Neutral at UBS
Oct 11 at 09:18
-Significant Earnings raise LDK Solar Raises Q3 Revenue Guidance to Above Street View -
up Nearly 10% in First Pre-Bell Matches
Oct 11 at 07:03
-Daily Breakout

Great job to all who called it out in the Juggernaut Room!

Live Morning Squawk Call - SP Futures up slightly via #constantcontact

Live Morning Squawk Call - SP Futures up slightly via #constantcontact

Friday, October 8, 2010

JuggernautTrading's webcam video October 08, 2010, 10:16 AM

Long RIMM trending thru the 50 day ma and new intra day highs - Strong R/S

As reported on yesterdays closing blog entry - J - C - P

 JCP said to stay long overnight judging by last night price and volume action...


JCP Ticks higher on Pershing Square disclosing 16.5% stake - filing
- The Reporting Persons expect to engage in discussions with management. (31.64, 0.00, 0.00%)

AAPL looks much higher

Long AAPL @ 290.60 in the room here on the upgrades in the pre market. OPCO analyst says 345. BAC says $400.


AAPL: Raising Target - JAGNote by Oppenheimer & Co. Inc.
Oct 8 at 07:56
Profile hits: NONE

      AAPL: Raising Target - Oppenheimer & Co. has an Outperform rating and
increased its price target on the shares from $330 to $345.

Live Morning Squawk Call - Unemployment Rate 9.6% vs 9.7% Equities Higher Dollar Lower via #constantcontact

Live Morning Squawk Call - Unemployment Rate 9.6% vs 9.7% Equities Higher Dollar Lower via #constantcontact

U.A.E. Goes Back on Blackberry Ban - WSJ.com

U.A.E. Goes Back on Blackberry Ban - WSJ.com

Tuesday, October 5, 2010

Today's Juggernaut Room Notable Trades

With a very strong market open, that broke away higher with out any fill to the downside, we were sitting on our hands mostly till 9:45. BIDU was relatively stronger than the market and presented a well rounded argument to enter long thru 99.60 on a higher intra day high. With partials that never got stopped out it provided a trend trade that continued for several points.

Ben continues to make trades for HUGE profits in the post. Tonight he hit EQIX for 2000 shares on  a warn at 4:01 at 101. Covers were at the 99 and 91 level. He pulled 10 points in a few minutes on a partial. Great Job Ben.....See charts below.

JuggernautTrading's webcam video October 05, 2010, 10:36 AM

Goldman contradicts itself

GS yesterday downgrades MSFT, a dow component to neutral and a 22 target. At the same time Abbey J Cohen comes on CNBC and says the SP will trade 1200 by year end .Either there stupid or lying. One or the other, and I don't think there stupid. Its a direct contradiction imo to say 1200 sp and lower prices on MSFT at 22. we will give a updated quarterly report on our opinion on GS at year end.

Live Morning Squawk Call - SP Futures up 5 with fair value via #constantcontact

Live Morning Squawk Call - SP Futures up 5 with fair value via #constantcontact