There Are Still A Lot Of Tecnical Issues With The New Format
July 1, 2008
I am not sure what is going on with my computer but it has been impossible to get any work done with the constant errors. Thefore I am announcing that I am taking a 3 day vacation so that I my focus on the paid potion of the site. If anyone wants any updated info from the site you my go to th subscriber areas. Once I have everything fixed, things will be back to normal. But for now things are runned ragged. Aloha and I will see you Monday, unless you are a premium subscriber where you will see me every day.
There Are Still A Lot Of Tecnical Issues With The New Format
01 Jul 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
July 1, 2008
| Intraday Unusual Volume - Top 5 Up |
| Symbol | Volume % Change |
Price % Change |
News | |
| BCPC | 569% |  24.80% |
news | |
| MYGN | 553% | 51.39% |
news | |
| CELG | 353% | 69.26% |
news | |
| CRMT | 298% | 18.86% |
news | |
| GLNG | 268% | 17.21% |
news | |
|
||||
01 Jul 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
The VC Asset Class Crisis Thing
July 1, 2008
Paul Kedrosky submits:
So, the venture capital "asset class" is in crisis. Or at least that’s what the NVCA is saying today as it rings the alarm bell asking for politicians, regulators, venture capitalists, entrepreneurs, dogcatchers, presidential candidates, philatelists, etc., to do something — anything! — about it.
Of course, readers of this blog won’t be surprised at news that this is the first quarter in recent history in which there have been zero, zip, nada VC-backed IPOs. I wrote about that fact here last week, and the story was picked up over the weekend by the good folks at the NY Times. So, no surprise.
The VC Asset Class Crisis Thing
While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip
July 1, 2008
Grace Cheng submits:
Oil continues to trade near elevated levels (above $143 as at the time of writing) on Iranian verbal threats, and the Dow Jones Industrial Average is down more than 130 points. Iranian Deputy Oil Minister was reported as saying Iran is ready to repel any attack, and said that an attack would disrupt oil exports and disrupt the entire oil industry in the Middle East. Middle East tensions are at the forefront again. Meanwhile, OPEC president said that oil prices reflect war risk, and to keep oil prices down, the US needs to stabilise the US dollar.
For the dollar to be stabilized, that’s not an impossible task. Further dollar decline could be prevented if traders can see a commitment by the Fed to fight rising inflation, but alas, the Fed thinks that inflation is likely to moderate later this year.
While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip
Wall Street Says ‘Oops’
July 1, 2008
Wow…
On June 6th, I forecast a dramatic fall in the stock market. However, even I didn’t expect things would get as bad as they have this quickly. The S&P 500 has fallen nearly 9% since then.
Tuesday Options Outlook: XLE, AKS, COF, XLY, MAT, GD, RTN, HRB
July 1, 2008
Rebecca Engmann Darst co-authored this article.
Energy Select Sector SPDR (XLE) –US stocks atrophied today, oozing into
bear market ague after showing symptoms high and low for weeks. The culprits
are well-known – ongoing and hemorrhaging in the financials and what has
tended to feel like horizonless gains for oil. Yesterday’s break past
$143 for oil prices was met with a swift pullback on suggestion that the U.S.
dollar might be nearing the end of its catastrophic ebb against other
currencies, and lower U.S. demand materializing. The pullback was quickly
backtalked with troubling tensions between Israel and Iran, news out of OPEC of
a record high in the daily average oil price, and the near-ish advent of
hurricane season. So it’s against this manifold backdrop that we find the
Energy Select Sector SPDR flat-to-higher at $88.61 and trading on volume
of more than 125,700 lots to rank it handily among the top -10 most active
tickers on our platform. Early action showed traders looking for a new break of
the $91.16 52-week high by August 16, expressing this view via 90-strike calls
which traded for $3.26. Any substantial positions for a pullback in oil look to
have settled on the September contract, where we picked up a 20,000-lot put
spread between strikes 75 and 85. Here it looks as though the 85-strike puts
were bought for $4 while the lower strike was sold for $1.37, creating a $2.63
debit that breaks even for the trader with a 6% decline by mid-September.
Tuesday Options Outlook: XLE, AKS, COF, XLY, MAT, GD, RTN, HRB
The ‘Crisis’ in Venture Capital
July 1, 2008
Erick Schonfeld submits:
There were no venture-backed IPOs in the second quarter, and M&A deals are down. The last time there were no VC-backed IPOs in a quarter was in 1978. The liquidity drought for venture-backed startups is so bleak that the National Venture Capital Association is calling it a “crisis.” Last quarter there were only 5 IPOs that brought in a piddling $283 million. That compares to 43 IPOs during the first half of 2007 that brought in $6.3 billion.
(During the first half of 2008, 42 companies were in registration for an IPO, but they never pulled the trigger—versus 70 for the same period in 2007).
The ‘Crisis’ in Venture Capital
NIKE Inc (NKE) is a BUY
July 1, 2008
BUY
rating on NIKE Inc
(NKE)
Start Price: $59.0
Start Date: 07/01/2008
Set top box maker (NNDS, rated BUY)
July 1, 2008
Media moghul Rupert Murdoch-owned News Corp has announced plans to privatise its pay TV encryption technology company, NDS Group. Private equity company Permira Advisers stands to gain a $1.77 billion windfall from the deal.
NDS is a UK-based subsidiary which supplies encryption technology and smart cards to News Corp’s pay television investments, which include Foxtel, Australia; BSkyB in the UK; and Sky Italia. The encryption and smart cards ensure programs on the pay TV network can be viewed only by paying subscribers.
why are they doing it?
TV viewers all over the world are going digital and this company stands to benefit.
zero debt
high return on equity 18.40
Set top box maker (NNDS, rated BUY)
Buy US Steel Corp. (X) on Continuing Global Steel Demand Growth (X, rated BUY)
July 1, 2008
Risaburo Nezu, chairman of the OECD steel committee told, "Global steel demand growth continues to be led by emerging economies to meet the requirements of expanding industrial sectors and infrastructure growth. Demand in many mature economies has slowed in line with weaker economic activity".
The OECD’s steel committee consists of industry and government officials from countries that together account for 81% of the world’s steel exports.
And according to Nezu, steel use continues to grow most rapidly in the so-called “BRIC” economies of Brazil, Russia, India, and China. In 2007, steel use rose:
- 18.6% in Brazil
- 13.5% in Russia
- 11.3% in India
- 13% in China
For details analysis, please visit my blog at http://conquerthewallstreet.blogspot.com
Buy US Steel Corp. (X) on Continuing Global Steel Demand Growth (X, rated BUY)
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