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ACORN is no Marxist organization. You've been watching FOX, the propaganda channel, way too much. They've been beating their chests and interviewing paid 'thinktank experts' about ACORN for months. ACORN helps poor people in cities all over America. They are a non profit group. They do help people register to vote, and many Republicans have a big problem with that. Do your homework before you spread half wit b.s. on IHub.
Democrats didn't force anybody to do anything. The Republicans got rid of the regulations that required banks to maintain fiscal responsibility. As for ACORN that is a Fox News ploy to create a distraction. There never was significant money from the bail out plan going to ACORN, a non profit organization that works on behalf of poor people all over America.
You've been FOXED.
Added to ESLR on LDK earnings. Methinks solar is going to surge yet again.
BBT a big regional bank that reported better than expected earnings. It's way oversold here. Watching it for a likely squeeze after the open.
Another factor will be earnings coming from some large regional banks and moneycenter banks too. BBT on Thursday, C on Friday and WB AND BAC and WM report next week. Could have quite an impact on the markets. I have BBT and WB on the watchlist. ESLR is one of my long term holds. Be very surprised if it does not turn out to be a ten-bagger in coming years.
Reuters) - U.S. solar panel maker Evergreen Solar Inc ESLR said on Tuesday it signed a sales contract worth about $1.2 billion with German-based IBC Solar AG, sending its shares up nearly 12 percent.
Evergreen said the contract extends through 2013 and brings its total contractual backlog to nearly $3 billion.
"This contract represents the single largest contract in the history of our company," said Chief Executive Richard Feldt, in a statement.
Shares of the Marlboro, Massachusetts, company were up 83 cents, or 9 percent, at $10 in midday trade after hitting a high of $10.22 earlier in the session.
The solar panels will be manufactured at Evergreen's new plant in Devens, Massachusetts, and at a new facility scheduled to open in 2010.
The company said that, to date, it has contracted about 70 percent of Devens expected capacity through 2010 and all of its capacity in 2011 through 2013.
The Devens plant has a manufacturing capacity of 160 megawatts. (REUTERS)
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This is their FOURTH huge sales contract this year.
Zeev! What a good guy! Rest in peace.
REDF dropped on a small revenue shortfall, but earnings were good. Apparently their new video service has huge potential. Makes them an even more likely buyout candidate, imho.
http://www.rediff.com/money/2008/jan/25guest1.htm
What do you base that bullish prediction on? Chart analysis? Something going on good in the economy? Earnings reports?
Inquiring minds want to know.
Anyone holding mutual fund QRAAX? The price took a sharp drop yesterday, out of proportion to its commodities holdings, so I am thinking it must have paid out a dividend and a capital gains distribution? Anyone seen anything on this. It hasn't showed up in my account yet, but ETrade is notoriously slow on mutual fund info.
Thanks
REDF nice move today. Looks to be coming off a bottom. We close that gap from July and a short squeeze will likely develop. Also hearing more buyout rumors..yet again. We'll see.
The annotated Jim Cramer melt-down. This is a must see:
That's a good story. Do you by chance have the link for that? I want to put it on Digg.
Thanks
EBAY ended up down a bit from the close, traded at 33.51. There was a fly in that earnings ointment. JNPR and IBM were up strong.
EBAY is on deck for earnings. If they are not boffo, I do believe the QID will be a real good holding for the next few weeks.
Picked up a little this morning, looking to add if we see the earnings emperor has no clothes. Subprime thing not exactly goosing these markets, either.
REDF- appears a short squeeze in progress. Another high volume day, stock now up another 3.5%.
The futures bounced briskly starting right at 8:30 eastern. Anyone see any particular news that came out then? There were no econ reports scheduled. Maybe just a bunch of big boys buying at the same time?
REDF launches Youtube/Myspace site for India
Another interesting move REDF today:
http://mangalorean.com/news.php?newstype=local&newsid=47702
Shanghai, interesting selloff last night. Chinese bubble intact, but now in question:
http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm
A middle class American who voted for Bush, is like a chicken who would vote for Colonel Sanders. That resolves any questions about how stupid the mouthbreathers who voted for Bush are. I could see it the first time maybe, out of sheer ignorance. But the second time? Best case for Neanderthal DNA continuing in our midst, end of discussion.
Large Hedge Fund Stops Redemptions
Interestingly enough, they didn't reveal this until one hour after the markets closed today...
United Capital Asset Management, a Key Biscayne, Fla.-based investment firm specializing in mortgage-backed securities, has stopped allowing investors to withdraw money from four funds, after receiving a deluge of withdrawal requests amid the growing worry over conditions in the subprime sector. Such troubles may increase as hedge funds begin to share recent results with investors. United Capital said it won't liquidate the funds, called the Horizon Fund L.P., Horizon ABS Fund L.P., Horizon ABS Fund Ltd. and Horizon ABS Master Fund Ltd. It is not clear how the firm's lenders will react to the troubles.
"We're going to see more problems at more firms; the unraveling process has started," said Alan Fournier, who runs Pennant Capital Management LLC, of Chatham, New Jersey, a hedge fund with $1 billion under management that has been betting on problems in the housing market.
Other traders were less dire in their outlook, though one acknowledged that there is a lot of "fear in the market."
http://online.wsj.com/article/SB118348498811956805.html?mod=djemTEW
(There will soon be plenty of fear in the markets, this fund is big. That is a LOT of money tied up and unavailable.)
The Murdoch Factor: Why So Many Americans Still Think Iraq was behind 911
Rupert Murdoch's fierce need to ingratiate himself to governments, no matter what their ideology, creates misinformed and ignorant citizens.
By Paul Krugman
In October 2003, the nonpartisan Program on International Policy Attitudes published a study titled “Misperceptions, the media and the Iraq war.” It found that 60 percent of Americans believed at least one of the following: clear evidence had been found of links between Iraq and Al Qaeda; W.M.D. had been found in Iraq; world public opinion favored the U.S. going to war with Iraq.
The prevalence of these misperceptions, however, depended crucially on where people got their news. Only 23 percent of those who got their information mainly from PBS or NPR believed any of these untrue things, but the number was 80 percent among those relying primarily on Fox News. In particular, two-thirds of Fox devotees believed that the U.S. had “found clear evidence in Iraq that Saddam Hussein was working closely with the Al Qaeda terrorist organization.”
So, does anyone think it’s O.K. if Rupert Murdoch’s News Corporation, which owns Fox News, buys The Wall Street Journal?
The problem with Mr. Murdoch isn’t that he’s a right-wing ideologue. If that were all he was, he’d be much less dangerous. What he is, rather, is an opportunist who exploits a rule-free media environment — one created, in part, by conservative political power — by slanting news coverage to favor whoever he thinks will serve his business interests.
In the United States, that strategy has mainly meant blatant bias in favor of the Bush administration and the Republican Party — but last year Mr. Murdoch covered his bases by hosting a fund-raiser for Hillary Clinton’s Senate re-election campaign.
In Britain, Mr. Murdoch endorsed Tony Blair in 1997 and gave his government favorable coverage, “ensuring,” reports The New York Times, “that the new government would allow him to keep intact his British holdings.”
And in China, Mr. Murdoch’s organizations have taken care not to offend the dictatorship.
Now, Mr. Murdoch’s people rarely make flatly false claims. Instead, they usually convey misinformation through innuendo. During the early months of the Iraq occupation, for example, Fox gave breathless coverage to each report of possible W.M.D.’s, with little or no coverage of the subsequent discovery that it was a false alarm. No wonder, then, that many Fox viewers got the impression that W.M.D.’s had been found.
When all else fails, Mr. Murdoch’s news organizations simply stop covering inconvenient subjects.
Last year, Fox relentlessly pushed claims that the “liberal media” were failing to report the “good news” from Iraq. Once that line became untenable — well, the Project for Excellence in Journalism found that in the first quarter of 2007 daytime programs on Fox News devoted only 6 percent of their time to the Iraq war, compared with 18 percent at MSNBC and 20 percent at CNN.
What took Iraq’s place? Anna Nicole Smith, who received 17 percent of Fox’s daytime coverage.
Defenders of Mr. Murdoch’s bid for The Journal say that we should judge him not by Fox News but by his stewardship of the venerable Times of London, which he acquired in 1981. Indeed, the political bias of The Times is much less blatant than that of Fox News. But a number of former Times employees have said that there was pressure to slant coverage — and everyone I’ve seen quoted defending Mr. Murdoch’s management is still on his payroll.
In any case, do we want to see one of America’s two serious national newspapers in the hands of a man who has done so much to mislead so many? (The Washington Post, for all its influence, is basically a Beltway paper, not a national one. The McClatchy papers, though their Washington bureau’s reporting in the run-up to Iraq put more prestigious news organizations to shame, still don’t have The Journal’s ability to drive national discussion.)
There doesn’t seem to be any legal obstacle to the News Corporation’s bid for The Journal: F.C.C. rules on media ownership are mainly designed to prevent monopoly in local markets, not to safeguard precious national informational assets. Still, public pressure could help avert a Murdoch takeover. Maybe Congress should hold hearings.
If Mr. Murdoch does acquire The Journal, it will be a dark day for America’s news media — and American democracy. If there were any justice in the world, Mr. Murdoch, who did more than anyone in the news business to mislead this country into an unjustified, disastrous war, would be a discredited outcast. Instead, he’s expanding his empire.
http://tinyurl.com/3487f5
Final membership lists for the Russell 3000®, Russell 1000®, Russell 2000®, Russell Midcap® and Russell Microcap will be posted June 25.
http://www.russell.com/Indexes/membership/US/Reconstitution/Recon_Microcap_Additions.asp
FTSE is bouncing now after its dip. Long the YMs for now...
Asian markets down once again, Nikkei now down 324, it bounced overnight last night. It will be interesting to see what it does in the wee small hours once again. Holding some QID here, short term target is 54, we'll see...
Nikkei recovered overnight, closed green. Hang Seng closed down a little, Shanghai gained 114.
Most European exchanges are down as of now, FTSE is up slightly.
Will be watching wholesale inventories for intraday volatility either direction for the eminis.
Nikkei's turn now.. down 141 and Hang Seng down down 209.
Be interesting to see if we get the true follow through day on the downside tomorrow.
Russell and Nasdaq futures down as well. This could get quite interesting overnight.
Nikkei down 36 at this hour. Let's see what Shanghai does in a bit.
Will keep an extra eye on the Shanghai markets next few days.
New security tax goes into effect.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/279154/1/.html
ITWO nice move up today on decent volume. Really wasn't expecting ITWO to bounce back this soon, but I'll take it.
REDF beats on earnings, revenue, earnings and margins all up.
Let's see what it does in this market...
Nikkei and Shanghai are down at this hour.
AMAT dropped on guidance.
http://finance.yahoo.com/q/bc?s=%5EN225&t=5d&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=000001.SS&t=5d&l=on&z=m&q=l&c=
Nikkei down on some brisk volume. Corporate Capital investment report indicated economic slowdown.
http://www.marketwatch.com/news/story/japanese-stocks-fall-economic-slowdown/story.aspx?guid=%7BE018...
Nice REDF move today about five times average daily volume so far. Earnings are Wednesday.
WFMI dropped on earnings. But the numbers actually look pretty good. Watching for a bounce. May do a bargain basement buy tomorrow morning for longer term.
Thanks for posting those trades Lee. I've been watching the YMs. They are interesting :)
ITWO coming nice off that bottom here today. Decent volume too.
Bullish options article re: ITWO on the Street.com today. FYI
I added to ITWO small shares at the close yesterday. Should bounce a little from here. We'll see.
Bought some ITWO for oversold bounce. The conference call was fine, guidance remains good. Blue Agave deal should boost them quickly.