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NBF @.09 52wk low- Nova Biosource Fuels......
On Bounce Watch............
http://www.novaenergyholding.com/
RAME @ .84 Oil & Gas Looks Interesting...........
RAME @ .84 Oil & Gas Looks Interesting...........
RAME,CFW- Cheap Oil Co's...............
IHR + 40% Today................
@.75---@.64-"IHR- @.52-Mkt Cap 16.5-P/E 3.21-EPS.16 - Worth Watching for a Bounce"
@.64- "IHR- @.52-Mkt Cap 16.5-P/E 3.21-EPS.16 - Worth Watching for a Bounce"
CABL @ .74 Looks Interesting................
@ .54- "EBHI @ .41 Eddie Bauer worth watching- insiders purchased over $150,000 of stock in November ( ranging from .99 to 2.04 ). Market cap 15 million dollars- 391 stores- founded 1920"
http://www.insidercow.com/history/SICharts.jsp?sector=ALL&industry=Textile+-+Apparel+Clothing&monthYear=11%2F08
http://www.secform4.com/insider-trading/1345968.htm
http://www.eddiebauer.com/home.jsp
@.72 - "GOLF @ .59 52wk Low- Insider Buying- Sm Float"..........
http://www.golfsmith.com/
VVTV UP early...........
Bio's off to slow start........
GM All...
Good Luck Dave..........
BLDP @.96-2.48 pe-.38eps- On Bounce Watch................
GOLF @ .59 52wk Low- Insider Buying- Sm Float..........
http://www.golfsmith.com/
JMBA @.45- Worth a Look.....................
http://www.jambajuice.com/#/home/
Private firms to buy out Indymac Bancorp- 12-30-2008
Tuesday December 30 2008
IndyMac Bancorp, which failed in July after a run on its deposits, is to be sold by the US government to private equity and hedge fund firms, according to US reports.
The buyers are JC Flowers & Co and Dune Capital Management, New York-based private equity firms, and the hedge- fund firm Paulson.
The sale by the Federal Deposit Insurance Corporation (FDIC) would be among the first involving an unregulated firm buying a bank-holding company.
The group would buy all of Pasadena, California-based IndyMac, including 33 branches, its reverse-mortgage unit and a $176bn loan-servicing portfolio.
"We have not made an announcement on a buyer outside of saying that we expect to make one by year's end," FDIC spokesman David Barr said in an email yesterday.
The FDIC seized the lender in July and had managed a successor called IndyMac Federal Bank FSB while seeking a buyer.
Unpaid mortgages left the lender short of cash, triggering a run on deposits that drained $1.3bn in 11 days, ending with the US seizure on July 11. The bank was among 25 to collapse this year amid losses from mortgages.
IndyMac's failure will cost the FDIC's deposit insurance fund about $8.9bn, the agency has said.
FDIC in November made it easier for investors, including private equity and hedge funds, to bid for deposits and assets of failing lenders.
JC Flowers had raised $2.5bn this year for a buyout fund that targets banks and other financial firms. In August, J Christopher Flowers, the firm's founder, won approval to buy First National Bank of Cainesville in rural Missouri. (Bloomberg)
- banking
Fed aims to buy $500 billion in MBS–Tue Dec 30, 6:56 pm
WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday moved forward aggressively with an effort to drive down mortgage costs, setting a goal of buying $500 billion in mortgage-backed securities by mid-2009.
The central bank said it would start buying the securities in early January under a program announced last month. When it announced the program, mortgage rates dropped in anticipation of the purchases.
Still, some analysts on Tuesday expressed surprise with how vigorously the Fed was pledging to act and the news propped up prices for MBS in very thin trade.
"When they are buying along the lines of $80 billion to $100 billion a month, if they're going to do it in six months, they have to buy everything they can get their hands on," said Kevin Cavin, a mortgage strategist at FTN Financial in Chicago.
"It will push up prices and tighten spreads and push down primary mortgage rates," he said.
The Fed selected investment managers BlackRock Inc (BLK.N), Goldman Sachs Asset Management (GS.N), PIMCO, and Wellington Management Co to implement the program.
The mortgage-buying program is part of a sustained government effort to help the United States withstand a severe credit crunch and deep housing downturn that have tipped the economy into recession and damaged activity around the globe.
Earlier this month, the Fed cut benchmark U.S. interest rates close to zero and signaled that it was turning more heavily to unconventional measures to spur the economy.
On Tuesday, it said it would increase the money supply to make the MBS purchases, effectively easing monetary policy further.
The program only covers securities issued by government-sponsored mortgage enterprises Fannie Mae and Freddie Mac and government loan financer Ginnie Mae.
When it announced the program on November 25, the Fed also said it would buy up to $100 billion in debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks, and after its meeting on interest rates on December 15-16 it said it could press even more heavily into mortgage markets.
"The goal of the program is to provide support to mortgage and housing markets and to foster improved conditions in the financial markets generally," the Fed said in a statement on Tuesday.
The central bank said it would adjust the pace of its purchases based on changing market conditions and the impact of the program. The initiative is aimed at reducing the cost of credit and increasing its availability, which authorities hope will support housing markets and foster improved financial conditions generally.
Investment managers are needed because of the size and complexity of the program, the Fed said.
Investor appetite for debt issued by Fannie Mae and Freddie Mac had dried up since the government seized control of both companies in September.
(Additional reporting by Lynn Adler in New York)
Nice Day-Good Calls- Have a Nice Evening All..........
CPWM @ .96 Has Dropped Into Range...Cost Plus Stores......
http://www.worldmarket.com/home.jsp
Nice Call Stock- CYTR Spiking..............
Thanks for the info. - In some..............
Have no idea what the do........LOL
NEOL - Another Bio w/interest...........
@.26- "COSI @ .20 0n Bottom Watch"...............
COSI Share Statistics
Average Volume (3 month)3: 244,312
Average Volume (10 day)3: 539,067
Shares Outstanding5: 40.78M
Float: 29.34M
% Held by Insiders1: 29.06%
% Held by Institutions1: 64.80%
Shares Short (as of 24-Nov-08)3: 1.25M
Short Ratio (as of 24-Nov-08)3: 17.2
Short % of Float (as of 24-Nov-08)3: 3.20%
Shares Short (prior month)3: 1.22M
tksobi
KERX- @.29- Has the Volume.........
News expected soon..........
Thanks- Watching NRGN for volume........
Looks Thick to me so far............
BPUR @ .36--- up 196%.......
out at .32 - +.14
@.26- "BPUR @ .18 Could Get Interesting off NFDL Movement........"
Anyone Get Any With Me ??
BPUR @ .18 Could Get Interesting off NFDL Movement........
VVTV- UP Some.....Nds Volume....
CMRG- Early Volume.........
GM rev and everyone........
ASTM- @ .45 Will move with Stem Cell News-- Follows STEM ( usually Lags ).......One to watch with the new Administration..
IHR- @ .52-Mkt Cap 16.5-P/E 3.21-EPS.16 - Worth Watching for a Bounce...........Waiting for Bottom--NOT there yet........
Interstate Hotels & Resorts, Inc., together with its subsidiaries, operates as a hotel real estate investor and operator. It operates in two segments, Hotel Ownership and Hotel Management. The Hotel Ownership segment includes wholly-owned hotels and joint venture investments in hotel properties. As of December 31, 2007, it owned 7 hotels with 2,045 rooms; and held non-controlling equity interests in 17 joint ventures, which owned or held ownership interests in 22 of its managed properties. The Hotel Management segment manages a portfolio of upscale, full-service and premium, and select-service hospitality properties. It also provides ancillary services in the hotel, resort, conference center, and golf markets, which include insurance and risk management placed through a licensed broker, purchasing and project management, information technology and telecommunications, and centralized accounting functions. As of December 31, 2007, Interstate Hotels & Resorts and its affiliates managed 191 hotel properties with 42,620 rooms, as well as a convention center, a conference center, a spa facility, and 2 laundry centers in 36 states, the District of Columbia, Russia, Mexico, Canada, Belgium, and Ireland. The company was founded in 1998 and is headquartered in Arlington, Virginia.
AERO @ .22 on Bottom Watch- AeroGarden 2.6 mil mkt cap....
http://www.aerogrow.com/
Watching DVD for $1.00 break-Dover Motor Sports- Monster Mile Nascar Track....
on the Bid @ .95................. Good Bouncer
CMRG- Starting Up......... .55 x .59
CMRG- Starting Up......... .55 x .59
VVTV @ .29.............
in for some .29...........