Attractive Values - Fast Money Recap (10/7/08)
October 7, 2008
Recap of CNBC’s Fast Money, Tuesday October 7.
Dylan Ratigan began a discussion of the sell off in the stock market that continued today, breaking through the lows of yesterday’s market bottom. He explained that the selling continued because of a lack of confidence among market participants to trade with each other, forced selling from hedge funds, concerns over the Fed’s efforts to restore short-term borrowing to the markets and the fundamental problem of a slowdown in the economy. Joe Terranova says the Fed has to step up to provide solvency for the buyers and sellers in the commercial paper market. Jeff Macke said the confidence problem persists because the Fed President keeps talking and nobody understands the rules. "I have no confidence at all going forward," he added. Guy Adami said it’s going to take time to get confidence back in the stock market. "Time will heal this, it’s just going to take a lot of it," he said. Pete Najarian says the market wants to see the elimination of the short-sale rule. He explained that volatility is high right now because of all the various rule changes that keep happening. "We traded 25 million options contracts yesterday, and the average for 2008 was 14 million per day. We need the uptick rule, but we don’t need the short-selling rule," he said.
Attractive Values - Fast Money Recap (10/7/08)
Chocolate Lover - Cramer’s Mad Money (10/7/08)
October 7, 2008
Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday, October 7.
Tech Sags - Cisco (CSCO), Intel (INTC), Microsoft (MSFT), Oracle (ORCL), Yahoo! (YHOO)
Chocolate Lover - Cramer’s Mad Money (10/7/08)
Yield is King - Cramer’s Lightning Round (10/7/08)
October 7, 2008
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, October 7.
Bullish Calls:
Yield is King - Cramer’s Lightning Round (10/7/08)
Goldman Disses Solar - Cramer’s Stop Trading ! (10/7/08)
October 7, 2008
Recap of Jim Cramer’s comments on Stop Trading! Tuesday October 7.
Solar No Good - Merrill Lynch (MER), First Solar (FSLR), NYSE Euronext (NYX)
Goldman Disses Solar - Cramer’s Stop Trading ! (10/7/08)
07 Oct 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
October 7, 2008
| Intraday Unusual Volume - Top 5 Up |
| Symbol | Volume % Change |
Price % Change |
News | |
| OSIP | 136% |  39.96% |
news | |
| TSCO | 107% | 38.43% |
news | |
| MNRO | 74% | 20.40% |
news | |
| CSGP | 73% | 42.11% |
news | |
| IMKTA | 70% | 19.26% |
news | |
|
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07 Oct 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
DMND (DMND, rated BUY)
October 7, 2008
SAN FRANCISCO (AP) - Snack maker Diamond Foods Inc. said Thursday that its fourth-quarter profit more than tripled as the company reported better-than-expected results.
For the three months ending July 31, the maker of nuts and other snack foods, said it earned $2.6 million, or 16 cents per share. That’s compares to a profit of $774,000, or 5 cents per share, during the same period last year.
Revenue grew 1 percent, to $113.15 million, up year-ago sales of $112.44 million.
07 Oct 2008 11:30:00 - Top 5 Stocks up on Unusual Volume
October 7, 2008
| Intraday Unusual Volume - Top 5 Up |
| Symbol | Volume % Change |
Price % Change |
News | |
| TESO | 180% |  13.37% |
news | |
| OSIP | 86% | 40.96% |
news | |
| PAAS | 80% | 18.27% |
news | |
| SBAC | 78% | 18.73% |
news | |
| CMED | 70% | 30.47% |
news | |
|
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07 Oct 2008 11:30:00 - Top 5 Stocks up on Unusual Volume
Liquidity Is In the Eye of the MBS Holder
October 7, 2008
Peter Schiff submits:
We are being told loudly and repeatedly that the gargantuan mortgage bail-out package is necessary because illiquid mortgage-backed securities are clogging our financial arteries, threatening the economic equivalent of cardiac arrest. The idea of the plan is to transfer these supposedly valuable, but currently unmarketable, assets to the government so that private institutions can freely lend once more. The monumental flaw in this argument is that the mortgage backed securities are in fact highly liquid, just not at the prices the owners would like to receive.
Mortgage bonds are just like houses. They won’t sell if the owners stubbornly refuse to drop the price. However, they can find buyers if they acknowledge reality, and lower their expectations accordingly.
Liquidity Is In the Eye of the MBS Holder
Tuesday Outlook: Capitulation? Not Yet
October 7, 2008
David Fry (ETF Digest) submits:
“It’s just a flesh wound!”
“Come back and fight you coward!!”
This market is oversold in a big way. Get ready for more bear market rallies coupled with a healthy dose of cheerleading and denial by the financial media.
Tuesday Outlook: Capitulation? Not Yet
Who Should We Trust?
October 7, 2008
Jeff Miller submits:
There is an argument making the rounds. The first incarnation was in opposition to the Paulson Plan. It has morphed into a question about whether the plan — and other measures — will work.
We did not take an advocacy position on the bailout — er –rescue plan. We have opinions about public policy, but that is not our job here. We tried, both here and in the series of RealMoney articles, to inform investors about the progress and prospects of the legislation. The market had already rendered a verdict on the need for some action.
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