Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Gold, Oil, Silver and Dollar summary (from Briefing):
Dollar is stronger against the Yen today. Euro is weaker. Gold is steady ($411.30). Silver peaked at 7.44 yesterday. (Technical analysis looking for 7.90 as next resistance.) Crude is trading near 37.75 a barrel.
SGP (and Merck) announce first approval of cholesterol treatment in Mexico.
Will MRK move up a bit? At least it's found a floor...
MRO (Marathon Oil) to buy Ashland stake in refining venture
http://biz.yahoo.com/rc/040319/energy_marathon_ashland_1.html
MRO is up 6 cents in pre-market.
Nikkei is down 0.6%, Hang Seng down 0.2%. If any of you are interested in Taiwan, remember that their stocks closed for the weekend before the attack on the country's President occured.
Good morning to you. Snow in Connecticut? Hard to imagine this late in the Season. The Bay Area is warm this week, with a cooling sea breeze.
CEO closed up 2.27% in Hong Kong; PTR closed up 1.87%. Expect higher prices in NY Trading.
Joe Dancy discusses Leeb's book, "How Oil Controls the Economy" on his weekly Silicon Investor column:
http://www.siliconinvestor.com/insight/editorial.gsp?id=76269
Shell Cuts Proved Reserves Again...
http://biz.yahoo.com/djus/040318/0938000682_2.html
Once let me buy back at a discount; twice is too much. I'll join the lawsuit.
Chinese oil stocks closed down today. CEO lost 42 cents, PTR lost 1.33 points.
PBR closed at 33.89 (+5.22%). Best of the oil stocks in my port today.
PBR leads the oil stocks higher. Up 5.84% to 34.09, short of a record high by 70 cents.
CELG down more than 1.00 from it's 1-yr high posted earlier today. (Missed it again...)
CELG hit a 1-yr high at 48.92 10 minutes ago.
CELG holding above 48. Will try to exit at 49.20.
CELG north of 48, MRK stopped falling, news on CNN must be good for biotechs and drug companies.
Yup! (Green Oil and Gas stocks just turned "greener" on the news.)
AVN_u.TO at another New High, after paying the March dividend.
http://finance.yahoo.com/q?s=avn_u.to
(Pays about 15% in monthly installments of roughly 1.3%)
7 of 12 oil stocks in my port are up. Here's one of 7 that wll go higher - Burlington Resources (BR):
http://finance.yahoo.com/q?s=br
(Upgraded by four firms in the last week)
Meisler says that if MSFT breaks 25, watch out! Five minutes ago, MSFT was at 24.91.
PTR is down a dollar.
NVEC "downgrade" posted on Briefing at 0847 ET. Think I'll step aside for a while.
SNP and SC down today. Don't own SNP but have 300 shares of SC. (Not every Oil stock is up...ouch!)
Nikkei added 0.4%, Hang Seng dropped 1.2%. Dollar is weaker against the Yen...
SC sold off its interest in SNP; PTR is weaker as well. Details later.
Stronger Renybi is what Bush (and friends) wants, not what the Chinese are willing to give. Whether China is in a "bubble" is another matter.
CELG and MRK - Now I'm worried that they'll both go down tomorrow.
Zeev - Give it time. (You don't think the high today is the top...)
Chinese Oils and HNP close up. HNP was the star today, up 6.57 points to 78.95. CEO up 91 cents (43.26). PTR up 76 cents (53.43)
Zeev - Wrong again! When will I ever learn about NVEC...
Monthy dividend on AVN_u.TO received: $1219 on 7000 units.
http://finance.yahoo.com/q?s=avn_u.to
Reached a new high at C$18.50. Dividend shown (as paid) in USD.
Chinese stocks close at their highs today. (Furnish prices later)
Zeev - Wait for the after-hours on NVEC.
HNP goes higher. (I'd buy it back but worry if it's gone too far in one day.)
HNP hits an all-time high, but didn't know this fact when I bought and sold it for a scalp.
http://finance.yahoo.com/q?s=hnp
TMA hits an all-time high too, although it's up only 1% today.
AVN_u.TO reaches an all-time high today.
http://finance.yahoo.com/q?s=avn_u.to
Zeev - Why didn't you recommend NVEC yesterday? Up 10 points from yesterday's low...
"Mapping the Flow of Crude Prices"
http://www.thestreet.com/p/pf/rmoney/christopheredmondsrm/10149295.html
Article by Chris Edmonds discusses the impact of oil prices on many areas, including future prices of energy names.
(Will try to find a readable version.)
Oil may go higher, but Oil stocks still trapped below the record highs set earlier this month.
Rumor du jour - MRK buying CELG. CELG is up about 4.5%, MRK is down
50 cents. I own 200 shares of each. Think I'll earn 2-3 dollars net.
Must explain why BP is now up. Other holdings are stronger.