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RollingStone<MattTaibbi>Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling'
POSTED: May 15, 5:39 PM ET
Read more: http://www.rollingstone.com/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515#ixzz1v2VzpE1y
At the open: Dow +0.26% to 12665. S&P +0.36% to 1335. Nasdaq +0.35% to 2904.
Treasurys: 30-year -0.35%. 10-yr -0.22%. 5-yr -0.11%.
Commodities: Crude -1.14% to $92.91. Gold -1.09% to $1540.05.
Currencies: Euro +0.07% vs. dollar. Yen +0.31%. Pound +0.3%.
$KTOS Insider Buy: $125K of stock bought by Eric Demarco on May 15, 2012 http://stks.co/3quG
$CP potential base breakout and 14K JUne 75 calls remain in OI (Pershing Square involved)
nice green start to Humpday
Cool....have a great day...
WE shall see, its a BEAR time day<, "he said"
U.S. Industrial Production Rose 1.1% In April
Have a grreat da, Stuffie .. !!
The BOJ asset purchase program stumbled last night when the bank failed to meet its goal of purchasing ¥600B in 1 and 2-year paper as just €480.5B was offered up to be sold. "There is nothing to invest in when (banks) sell short-term notes," says an analyst. Two-year Japanese paper yields 0.11% ... "nothing to invest in."
G/M, only here until right after open, then OFF for the day, things to do and places to go!
Downers> CLNT -29%. JCP -15%. TAXI -9%. NBG -8%. ANF -7%. ARNA -6%. WHX -5%. KERX -5%
A few UPPERS>OSUR +30%. COGO +15%. SINA +12%. ABMD +9%. VELT +8%. FTR +6%.
Esio Beverage Company Secures Kraft Foods Beverage Brands for Its Hot & Cold Beverage System
05/16 09:05 AM
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MESA, Ariz.--(BUSINESS WIRE)-- Esio Beverage Company has entered into a strategic agreement with select Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%) refreshment beverage brands for use in its Esio Beverage System.
The Kraft brands to be launched with the Esio Beverage System this fall will be Crystal Light (including the popular Mocktails -- low-calorie non-alcoholic beverages recently featured on NBC’s The Celebrity Apprentice) and Country Time Lemonade.
“Partnering with Esio is yet another way to ensure our beverage brands are where our consumers are looking,” said Doug Weekes, Vice President, Refreshment Beverages, Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%) .
“The technology embedded in the Esio Hot & Cold Beverage System is a game changer for the industry and fits well with our future focus on concentrates and innovative ways to reach the consumer,” Weekes said.
Walmart will serve as the premier launch retail partner for the Esio Beverage System, becoming available in stores this fall.
“The introduction of the Esio Hot & Cold Beverage System to the general public represents the first product designed to meet the need for hot and cold ready-to-drink beverages in a single convenient system,” said Frank Leonesio, founder and CEO of Esio Beverage Company.
“While we have been successful in the home and office markets, Esio is very excited to offer Kraft’s brands in this revolutionary beverage system at retail,” Leonesio said.
About Esio Beverage Company
Arizona-based Esio Holding Company, through its subsidiaries, is focused on the development, manufacturing and marketing of multi-serve beverage dispensing systems and beverage products for the home and office. Esio Beverage Company manages the company’s retail operational activities, Esio Franchising serves as the manager of franchise operational activities and Esio International oversees the technology licensing. The revolutionary Esio Hot & Cold Beverage System includes countertop and floor stand multi-serve beverage dispensers that conveniently offer any size (up to one gallon) hot and cold drinks at the touch of a button. Esio’s patented “drop ‘n drink” E-Paks deliver perfectly blended national brand and private label juices, sports drinks, vitamin fitness waters, teas and coffees. For more information, visit esiobev.com.
About Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%)
Kraft Foods Inc. (KFT:$38.82,00$-0.22,00-0.56%) is a global snacks powerhouse with an unrivaled portfolio of brands people love. Proudly marketing delicious biscuits, confectionery, beverages, cheese, grocery products and convenient meals in approximately 170 countries, Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%) had 2011 revenue of $54.4 billion. Twelve of the company's iconic brands – Cadbury, Jacobs, Kraft (KFT:$38.82,00$-0.22,00-0.56%) , LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer (KFT:$38.82,00$-0.22,00-0.56%) , Philadelphia, Tang and Trident – generate revenue of more than $1 billion annually. On Aug. 4, 2011, Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%) announced plans to divide and create two independent public companies: a high-growth global snacks business and a high-margin North American grocery business. The transaction is expected to be completed before the end of 2012. A leader in innovation, marketing, health & wellness and sustainability, Kraft Foods (KFT:$38.82,00$-0.22,00-0.56%) is a member of the Dow Jones Industrial Average, Standard & Poor's 500, Dow Jones Sustainability Index and Ethibel Sustainability Index. Visit kraftfoodscompany.com and facebook.com/kraftfoodscorporate.
Source: Esio Beverage Company
Pound Falls Most in Month Versus Dollar as Growth Forecasts Cut
P/M~ Out last-add( UVXY ) $17.56 FROM $16.88 ..
Not for me, not yet, not until some of the major dumping for cash stops
9:00 AM On the hour: S&P +0.43%. 10-yr -0.21%. Euro +0.09% vs. dollar. Crude -1.49% to $92.58. Gold -1.12% to $1539.65
as GB said - above the tunnel = Hold Long
Below = Hold Short
8:30 StockTiger<>Stocks gapping Up hhttp://stocktiger.net/imhost/images/stocktiger/rup1605.jpg and Down http://stks.co/3qlm with vol over 70k $$
May. 16 at 8:30 AM
StockTiger
Meant to post a tunnel chart with that! SORRY, and Excuse Me! But thanks for the replies this morning...
Germany will blink, and won’t let Greece exit euro
UPGRADE: Windstream (WIN) upgraded by Stifel Nicolaus from Hold to Buy.
05/16 08:15 AM
U.S. stock futures rise further after housing data
""Gold Enters Bear Market Territory" => excuse me ...
BUT LOL
too bad sayin that this late
told ya when we were below the Tunnel
thanks to GB from Bagman Board / who teached me the tunnel by the past
very accurate in commodity/forex LAlaLand
lôôK
Tunnel is in "Brown"
bounce support is freaking NEAR - 1500+ (1525+-)
GM to drop Facebook ads due to low consumer impact
05/15 11:41 PM
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* Seen as first highly visible crack in Facebook (FB:...) strategy
* GM to keep pages on social networking site
* GM spent $1.1 bln on US ads last year -research firm
* Facebook (FB:...) stock to debut Friday; IPO offering increased (Recasts and writes through with new comments)
By Ben Klayman and Alexei Oreskovic
DETROIT/SAN FRANCISCO, May 15 (Reuters) - General Motors Co (GM:$21.42,00$-0.21,00-0.97%) said on Tuesday it will stop advertising on Facebook (FB:...) , even as the social networking website prepares to go public, with a source familiar with the matter saying the automaker had decided Facebook's (FB:...) ads had little impact on consumers.
The decision by GM, the third-largest advertiser in the United States, marks the first highly visible crack in Facebook's (FB:...) strategy and underscores doubts about whether advertising on Facebook (FB:...) works better than traditional media.
"This does highlight what we are arguing is the riskiness of the overall Facebook (FB:...) business model," said Brian Wieser, Internet and media analyst at Pivotal Research Group.
"It is not a sure thing. It sure looks likely that it will be one of the most important ad-supported media properties, but it's not certain because there will be marketers who are challenged to prove the effectiveness of the marketing vehicle."
For now, these worries do not appear to be impeding strong investor demand, with Facebook Inc (FB:...) increasing the size of its offering by 25 percent to raise about $15 billion, a separate source told Reuters on Tuesday.
Facebook (FB:...) , founded eight years ago by Mark Zuckerberg in a Harvard dorm room, is expected to start trading on the Nasdaq on Friday.
GM said it will still have Facebook (FB:...) pages, which cost nothing to create and for which it pays no fees, to market its vehicles and added that it is not unusual for it to move spending around various media outlets.
"In terms of Facebook (FB:...) specifically, while we currently do not plan to continue with advertising, we remain committed to an aggressive content strategy through all of our products and brands, as it continues to be a very effective tool for engaging with our customers," GM said.
Facebook (FB:...) declined to comment on GM's move.
SOME IN FAVOUR
Concerns about advertising on Facebook (FB:...) are not confined to GM, with an executive at another large consumer products company saying it was hard to know if it is worth the money spent.
"Is it just a shiny new object, or is it a real value proposition?" said the executive, who asked not to be identified.
But Ford Motor Co (F:$10.15,00$-0.17,00-1.65%) said it was committed to advertising on Facebook (FB:...) and is boosting its spending, including ad buys.
"You just can't buy your way into Facebook (FB:...) ," said Ford spokesman Scott Monty. "You need to have a credible presence and be doing innovative things."
More than 20 percent of Ford's marketing budget is spent on digital and social media, he said. The company launched its 2011 Explorer SUV on Facebook (FB:...) and other digital outlets for a fraction of the cost of a Super Bowl TV spot, which cost $3.5 million on average per 30 seconds this year.
Another fan of Facebook (FB:...) is Japanese automaker Subaru , which started using banner ads at the website in the past year in addition to its free content. "Advertising plus content equals more clicks to our website, which we like," Subaru spokesman Michael McHale said.
GETTING GLITZY
Facebook (FB:...) has ramped up its outreach to Madison Avenue in recent years. Last year Facebook (FB:...) hired Carolyn Everson, an ad industry veteran who worked at Microsoft Corp (MSFT:$30.21,00$-0.27,00-0.89%) , Viacom's MTV Networks and Walt Disney Co, and the company hosted a splashy event in New York in March to showcase its newest ad offerings.
John Battelle, chairman of the Internet advertising network Federated Media, said Facebook (FB:...) may need to invest more heavily in building relationships with major advertisers.
It may also need to develop richer, more customized advertising offerings, even though such efforts would likely be less profitable than traditional display or pay-per-click advertising.
"GM is a warning shot across the bow," said Battelle.
GM, which ranks behind Procter & Gamble Co (PG:$63.72,00$0.14,000.22%) and AT&T Inc (T:$33.35,00$-0.18,00-0.54%) in advertising spending, spent $1.1 billion on U.S. ads last year, according to ad-tracking firm Kantar Media.
It spent about $271 million on online display and search ads excluding Facebook (FB:...) advertising.
GM spends about $40 million on its Facebook (FB:...) presence, but only about $10 million of that is paid to Facebook (FB:...) for advertising, according to the Wall Street Journal, which first reported GM's plans to drop Facebook (FB:...) ads. The remaining budget covers the creation of content and the advertising and media agencies involved, the newspaper said. (Additional reporting by Deepa Seetharaman and Bernie Woodall in Detroit, Jim Finkle in Boston and Martinne Geller in New York; Editing by Leslie Gevirtz, Matthew Lewis, M.D. Golan and Edwina Gibbs)
Coming up: U.S. housing starts for April
05/16 08:00 AM
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WASHINGTON (MarketWatch) - The government will issue the latest data on U.S. housing starts at 8:30 a.m. Eastern. The Commerce Department is expected to report that new-home construction rose to an annual rate of 690,000 units in April from an original reading of 654,000 in March, according to economists surveyed by MarketWatch.
US Stock Futures Gain Ahead Of Housing, Industrial Production Data
05/16 07:56 AM
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--Stock futures edge up ahead of housing, industrial production data
--Europe down but off lows; Germany determined to keep Greece in euro zone
--Data on housing starts and industrial production, Fed minutes on tap
By Tomi Kilgore
DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--U.S. stock futures edged higher Wednesday morning, on the back of a bounce in European markets, but concerns about the outlook for Greece kept investors cautious ahead of housing market and industrial production data.
Dow Jones Industrial Average futures rose 31 points, or 0.2%, to 12636. The Dow fell 63 points, or 0.5%, on Tuesday to close at a four-month low.
Standard & Poor's 500-stock index futures gained 4 points, or 0.3%, to 1332 and Nasdaq 100 futures added 8 points, or 0.3%, to 2586. Changes in stock futures do not always accurately predict stock moves after the opening bell.
Data on housing starts and building permits in April are due out at 8:30 a.m. EDT. The median estimate of economists surveyed by Dow Jones Newswires is for starts to rise to 685,000 and for permits to decline to 730,000.
At 9:15 a.m. EDT, data is expected to show industrial production rising 0.6% in April and capacity utilization increasing to 79%.
The minutes of the Federal Reserve's monetary policy setting committee meeting in April will be released at 2 p.m. EDT.
European markets were well off their worst levels but remained mostly lower as concerns about Greece's future in the euro zone escalated following the country's failure to form a new coalition government. The Stoxx Europe 600 was down 0.5%, but had been down as much as 1.4% earlier in the session.
With Greece in political limbo until new elections next month, the country's future in the euro zone was becoming increasingly uncertain. In a sign of rising anxiety among Greeks, depositors withdrew EUR700 million from local banks on Monday.
Meanwhile, German Chancellor Angela Merkel tried to soothe investor fears by saying in an interview on CNBC that Germany was determined to keep Greece in the euro zone.
Asian markets were sharply lower on worries about Greece, with the China's Shanghai Composite sliding 1.2% and Japan's Nikkei Stock Average shedding 1.1%.
Crude oil futures gave up 0.8% to $92.66 a barrel, while gold futures fell 1.3% to $1,536.10 an ounce. The U.S. dollar rose against the euro and the yen.
In corporate news, shares of J.C. Penney slumped 13% in premarket trading after the department store chain reported a wider-than-expected first-quarter loss and revenue that missed estimates, according to FactSet Research, and said it will discontinue its quarterly dividend of 20 cents a share.
Target climbed 2% after the discount retailer reported better-than-expected fiscal first-quarter earnings, and provided a second-quarter earnings outlook that was above current projections.
Deere & Co. rose 1.2% after the maker of farm tractors and combines reported fiscal second-quarter earnings and revenue that exceeded forecasts and boosted its full-year net income outlook.
Abercrombie & Fitch declined 7.1% after the apparel retailer reported fiscal first-quarter revenue that missed estimates, citing challenging sales trends in Europe, and provided a downbeat sales outlook for the year.
Arena Pharmaceuticals slumped 7.9% after the biopharmaceutical company said it is planning a public offering of common stock.
OraSure Technologies surged 34% after the company said a U.S. Food and Drug Administration committee recommended approval of the company's in-home HIV test.
-By Tomi Kilgore, Dow Jones Newswires; 212-416-2470; tomi.kilgore@dowjones.com
(END) Dow Jones Newswires
05-16-120756ET
Copyright (c) 2012 Dow Jones & Company, Inc.
BBL...taking a break here
TGT<> Target Q1 EPS $1.11, consensus $1.01 Reports Q1 revenue $16.54B, consensus $16.83B
Wall Street Breakfast: Must-Know News
May 16, 2012 | includes: AAPL, BHP, BRK.A, CME, FB, GM, GOOG, ICE, JCP, MS, NYX, QQQ, SPY, VIAB, VOD, VZ, YHOO
http://seekingalpha.com/article/593191-wall-street-breakfast-must-know-news
<< right in "Timmy's backyard" ~~~ but, I'm sure he'll keep touting the GREEN BS!!
BDR<>Blonder Tongue Posts Q1 Loss Per Share Of $0.24 Vs. Loss $0.05 Last Year
UTSI $1.16 UTStarcom Holdings Q1 Loss/Share Narrows To $0.03 From $0.07 Last Year
zh<>Overnight Sentiment:
Overnight: just more of the same, as markets collapsed, first in Asia, then in Europe, on ever more concerns what a Greek exit would do to Europe. The most important story of the night was a report in Dutch Dagblad claiming that ECB has turned off the tap for Greek bank liquidity: "At the end of January, Greek banks had received EUR73 billion in liquidity support from the ECB, but this amount has dropped by more than 50% now, according to the newspaper. The ECB is cutting back support because Greece has been holding off on recapitalizing its banking system, despite receiving EUR25 billion in funds for that purpose, the paper says." Whether this move is to force Greece to blink (even more) by making the previously reported bank run even more acute, or just general European stupidity, is unclear but it is certain to make the funding stresses across all of Europe far more acute. The news sent all peripheral bond yields soaring, and the EURUSD tumbling to under 1.27 briefly.
The two saving graces were a 5 Year French and 10 year German bond auctions which both priced at record low yield. From Reuters: "France sold its 5-year benchmark bond on Wednesday at a record low yield, Agence France Tresor said, in a sign of investors consider the country a safe haven amid renewed concerns about the euro zone's debt crisis... In the auction, France sold 3.651 billion euros of its February 2017 BTAN at a yield of 1.72 percent." and "Germany sold 4.1 billion euros of 10-year government bonds on Wednesday in an auction which met higher demand than at the bond's launch in April, when the sale was technically uncovered. Demand at the sale was above this year's average, with a bid/cover ratio of 1.5 compared with an average 1.36 at similar auctions so far this year. The Bundesbank retained 893 million euros of bonds. The average yield at the auction was 1.47 percent was the lowest on record for a sale of 10-year German bonds." So, as we noted, more of the same, with general fear and loathing in the periphery resulting in core strength for at least the time being, until the core itself tumbles under the tsunami of bad news. Finally, Europe will now have to operate in limbo for at least 1 month as Greece just announced the new elections will be held on June 17 with a temporary caretaker government ruling the country in the meantime. What can possibly go wrong.
Regarding bond internals, one country that is getting hit far worse than others is Portugal, whose bond yield have exploded, just as we predicted, the day after we realized that Dan Loeb is long and strong: the market has shifted away from IG9 being the pain trade, to forcing the HF consortium that bought up Portugese bonds on nothing but one big mechete catching operation, to puke blood until they are all forced to unwind their holdings.
As for the US: quiet session, which will likely see stocks ramp into the European close then tumble around 3 pm as the deja vu-ness extends to 9 days in a row.
Focusing on the good news, here is how strategists saw the record German 10 year bond issue.
MARC OSTWALD, RATE STRATEGIST, MONUMENT SECURITIES, LONDON
"The bid/cover is a lot better than we saw last time, all the more remarkable for the fact that it was being sold almost 30 basis points lower. There was a bit of a concession being built for the last hour to ensure that it went. It's a lot better than the last time but not fantastic but that's going to be a feature for quite some time.
"The sense that things are going to look pretty ugly in the euro zone for a sustained period and therefore you want to be as safe as possible inevitably helps Bunds. There's not a lot of natural enthusiasm for it."
PETER CHATWELL, RATE STRATEGIST, CREDIT AGRICOLE CIB, LONDON
"It's well covered, with a tight tail and more encouragingly for Bund bulls is that it shows that there is very good demand for the paper below 1.50 percent in yield terms. Given how peripherals have sold off over the past week, it's no surprise to see the Bund well bid and the fact the paper was well received should allow the rally to continue."
ACHILLEAS GEORGOLOPOULOS, RATE STRATEGIST, LLOYDS BANK, LONDON
"I don't think the market had expected such an auction - 6.2 billion of nominal bids is the highest amount since September 2011."
"There will be a strong tendency for lower yields until we get to the Greek elections in mid-June."
MICHAEL LEISTER, RATE STRATEGIST, DZ BANK, FRANKFURT
"In these days with sub-1.50 percent German yields the bid/cover ratio is pretty decent and the one cent tail is stronger than average. It all indicates a strong German auction and that the safety theme remains intact."
Chart: Greek Bank Deposits Collapse
more http://www.creditwritedowns.com/2012/05/greek-bank-deposits-collapse.html
AAPL Premarket $555.50
CHS <> Chicos solid beat w/ $0.32 vs. $0.30; Sales $650.8M vs. $630.1M; Comp. Sales +9.6%
adamfeuerstein<>Hot #Biotech Stocks Traded by Hedge Funds in First Quarter --> http://t.co/o4BGU144 $ARNA $BCRX $AMLN $QCOR $HGSI $YMI $VVUS $ARRY
EDAP Posts Q1 Loss Per Share Of $.22 Vs. Profit $0.02 Prior Year
7:00 AM On the hour: S&P -0.02%. 10-yr -0.07%. Euro -0.15% vs. dollar. Crude -1.68% to $92.41. Gold -1.46% to $1534.35
MBA Mortgage Applications: +9.2% vs. +1.7% last week. Thirty-year fixed mortgage rate with conforming loan balances ($417,500 or less) decreased to 3.96% from 4.01%
ABIOMED (ABMD): Q1 EPS of $0.07 in-line. Revenue of $37.3M (+30.9% Y/Y) beats by $2.3M.
Abercrombie & Fitch (ANF): Q1 EPS of $0.03 beats by $0.02. Revenue of $921M (+10% Y/Y) beats by $30M.
DORM $48.99<>Dorman Products Declares A Two-for-One Stock Split
>>DE Q2 EPS $2.61, beats by 8c, sales $10.01B; raises FY12 profit guidance to $3.35B
Map Of The Day: 87% Of U.S. Federal Offshore Acreage Is Off Limits To Oil And Gas Development
By Mark Perry on May 16, 2012
http://www.dailymarkets.com/economy/2012/05/15/map-of-the-day-87-of-u-s-federal-offshore-acreage-is-off-limits-to-oil-and-gas-development/
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DISCLAIMER:
1. DO THE MATH!!! - Before placing any trade, do the math. Where is the trigger? Where is the proper stop based on the chart setup? How many shares should I buy? This is easy to figure out. You never want to lose more than 1% of your trading account balance on any given trade. So, if you have a $30,000 account, your maximum acceptable loss on any given trade should be $300. If the stop is .20 cents below the entry price (again, based on the chart setup), then you should not buy more than 1500 shares (for the purpose of this lesson I have left commissions out of the equation for simplicity).
2. PAY YOURSELF!!! - Once you have a small profit (I use a dime as a rough personal guideline) sell part of your position and move your stop to breakeven on the rest. You will have very few losing trades if you do this, and the losses you do have will be small.
3. STOP TRADING!!! - What do I mean by this? If you hit your daily goal (everyone should have one and make it realistic) stop trading. Afternoons are tougher to trade than mornings anyway, so take the money and run....tomorrow is another day.
4. STOP TRADING!!! - Didn't we go over this already? Well, this one has another meaning. If you lose 1/2 the amount of your daily goal, stop trading and come back tomorrow. For instance, if your goal is to make $500 a day, and you are down $250 on the day, quit for the day. This is the best way to avoid falling into a 'trading death spiral'.
DOW 30 HEATMAP
http://www.stockmarketdrama.com/dow30heatmap.php
http://finviz.com/futures_charts.ashx?p=m5
This is a great free site to get some good info about technical analysis.
www.informedtrades.com/trades.php
http://stockcharts.com/school/doku.php?id=chart_school
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
Charting tools
http://www.stockcharts.com
http://www.chartpatterns.com
http://stockcharts.com/education/IndicatorAnalysis/
http://www.investopedia.com/categories/technicalanalysis.asp
http://www.candlesticker.com/Default.asp
http://candlestickforum.com/PPF/Parameters/16_332_/candlestick.asp
http://www.incrediblecharts.com/technical/candlesticks.htm
http://www.chartpatterns.com/
http://www.investopedia.com/university/technical/techanalysis8.asp
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators
http://www.freestockcharts.com/
http://www.barchart.com/
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