Monthly Archives: October 2011
Greece Has Activated a Rescue Fund to Nationalize Proton Bank
Today’s Top 50 Winners
No. Ticker % Change
1 CXM 138.38
2 GMR 47.06
3 WH 39.47
4 AMCF 37.92
5 CPX 35.72
6 BIOF 31.58
7 CHLN 25.00
8 ZA 21.25
9 AXAS 20.23
10 GRNB 17.88
11 CVV 17.46
12 TNCC 17.33
13 MAG 17.05
14 EMAN 16.90
15 YOKU 15.46
16 HAUP 15.35
17 PDC 15.25
18 CXZ 14.89
19 FREE 14.47
20 MHR 14.37
21 DVR 14.29
22 CETV 14.06
23 HNR 13.30
24 NBR 13.04
25 VVTV 13.03
26 FRO 12.73
27 ARTW 12.71
28 OSG 12.53
29 CIE 12.10
30 PVA 11.94
31 CWEI 11.78
32 RITT 11.52
33 HLX 11.39
34 CTCM 11.28
35 GEOI 11.28
36 BAS 11.16
37 MTG 11.16
38 MTL 11.11
39 GNOM 11.09
40 JVA 11.06
41 SGY 10.93
42 RIC 10.90
43 DYN 10.79
44 EGY 10.61
45 EXM 10.58
46 ANDS 10.53
47 DBLE 10.50
48 CTC 10.47
49 TITN 10.46
50 GNK 10.43
FLASH: S&P Puts Sprint, S, on Negative Watch
S&P cites a lack of liquidity for their acquisition puts them into a negative credit watch scenario. Stock down 7%
Comments »Early Lunch Break: Never Walk the Plank While in Motion
Occupy Wall Street denies Representative talking time at assembly
This is the craziest thing I’ve ever heard of. This group is completely insane. Guess what, clowns?
Some people are more important than others. Using their rules, I wonder how they would have a real debate about anything useful?
Comments »Rep. John Lewis is one of 435 members of the House interminably frustrated by the arcane ways of the Senate. At an Occupy Atlanta protest, he encountered a process arguably worse.
A lengthy video posted online over the weekend showed what happened when the Democratic congressman tried to address an “assembly” of protesters in his home state. Instead of giving the floor to a man who is not just a longtime U.S. representative but a revered civil rights icon, the protesters employed a tangle of parliamentary procedures to ultimately prevent him from speaking.
A stunned Lewis could be seen watching the whole thing unfold before ambling away.
Asked about the incident Monday, a Lewis spokeswoman told FoxNews.com “the only comment that we’re going to give is the comments already made.” In a prior interview about the matter with the Atlanta Journal Constitution, Lewis said, “It’s okay,” and that “they didn’t really deny me.”
The end result, though, was that Lewis did not get to speak to the protesters.
The procedures they used — rather, invented — would make the Senate blush. Imagine some combination of Model U.N., Lord of the Flies and a Phish concert.
The central premise, it appeared, was that no one person is inherently more valuable than anyone else. So when the group’s leader, a bespectacled man with a bullhorn, said anything, he spoke in clipped fragments so the rest of the crowd could repeat what he was saying back to him. Another rule — no clapping, because “clapping can prevent someone else who is addressing the assembly from being heard.”
Instead, the leader urged everyone to use effusive hand signals to show approval.
With these fundamentals in place, the assembly spent 10 minutes debating whether Lewis should be allowed to speak before the crowd, which had gathered as one of many offshoots of the Occupy Wall Street protests in New York.
When the leader put the question to the group, he asked if there were any “blocks.”
Indeed there were. Another demonstrator spoke out to say that while he respects Lewis’ contribution to society, the protesters were trying to start “a democratic process in which no singular human being is inherently more valuable than any other human being.”
Lewis nodded his head in approval, then appeared to display the makings of a hand signal before giving up and keeping his hands loosely clasped while the debate mounted.
After more commentary from the assembly, the leader took a “temperature check” — which is not quite a vote. It was evident the group was divided about letting Lewis speak.
So the leader called for a “straw poll.” More hand signals followed, and from this the leader was able to infer “the group is very divided about this issue.”
Warning that consensus would be elusive on the matter, he proposed continuing “with the agenda.”
At this point, Lewis began to make his way out of the crowd. Some started shouting, “Let him speak.”
But it was not to be. Another person shouted: “John Lewis is not better than anyone! Democracy won!”
The leader closed by restating the rules. “This group makes its decisions by consensus. We do not have a consensus,” he said.
They continued with the agenda.
Refinery Stocks Soar
Buoyed by broad market rally and realization that crack spreads are wide for a reason, shares of refinery related companies are soaring.
DK +9.4%
HFC +8.3%
WNR +7.1%
ALJ +7%
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A Look at the Equity Markets and What May Be In Store During Q4
U.K. PM Gives The Euro Just a Few Weeks
Lumber Now the New Copper
Copper has always been a global growth indicator, but has now fallen into the correlation everything up or down category. Lumber is now being touted as the new global growth /health indicator.
Comments »Everything is Kosher With Economic Data Lately….Right ?
That is what the pundits have been saying. I feel things have been looking up and then i read this…
Comments »The Ill Effects of Bank Bailouts
Jim Rogers: Trade War Will Lead to Shooting War
Germany and France Risk AAA Rating; Downgrade Possible With New Bailout Plans
Not they have a conise plan yet, but the preliminary details show downgrade potential… especially after a U.S. downgrade.
Comments »Gold At a Crucial Technical Point
Full article on the technical battle ground
[youtube:http://www.youtube.com/watch?v=Yd60nI4sa9A 450 300] Comments »Apple Gets 1 Million iPhone 4s Orders In a Single Day
A Look Into the $125 Billion Bailout of Dexia
Netflix, NFLX, Retracts Decision to Separate Units
Upgrades and Downgrades This Morning
Upgrades
SIVB – SVB Financial Group initiated with Market Perform at Fig Partners
MU – Micron upgraded to Buy from Hold at Citigroup
STJ – St. Jude Medical upgraded to Equal Weight at Morgan Stanley
NFLX – Netflix upgraded to Neutral from Sell at Janney
POT – Potash upgraded to Buy at Ticonderoga
BYI – Bally Technologies upgraded to Buy from Neutral at Janney
PER – SandRidge Permanian Trust upgraded to Strong Buy from Outperform at Raymond James
GBCI – Glacier Bancorp upgraded to Strong Buy from Outperform at Raymond James
ABB – ABB Ltd upgraded to Buy from Hold at Berenberg
PXD – Pioneer Natural Resources downgraded to Equal Weight from Overweight at Barclays
SGY – Stone Energy upgraded to Overweight from Equal Weight at Barclays
Downgrades
CPHD – Cepheid downgraded to Market Perform from Outperform at Raymond James
DGX – Quest Diagnostics downgraded to Market Perform from Outperform at Raymond James
HAS – Hasbro target lowered to $42 at Needham; still sees upside from current levels
CVE – Cenovus Energy downgraded to Equal Weight from Overweight at Barclays
MHS – Medco Health Solutions tgt cut to $55 from $70 at BMO
BMC – BMC Software target lowered to $50 at Collins Stewart
DIOD – Diodes target lowered to $22 at Collins Stewart
LOGI – Logitech Intl SA downgraded to Underperform from Neutral at BofA/Merrill
LUV – Southwest Air downgraded to Hold from Buy at Deutsche Bank
THS – TreeHouse Foods downgraded to Neutral from Buy at BofA/Merrill
SINA – SINA target lowered to $115 at Stifel Nicolaus
IGT – Intl Game Tech remains Sell rating at Goldman on industry and company specific concerns
S – Sprint Nextel downgraded to Outperform from Strong Buy at Raymond James
DANG – Dangdang initiated with an Underweight at Barclays
Comments »Gapping Up and Down This Morning
Gapping up
BBL +4.4%, SLV +3.9%, BCS +3.8%, BHP +3.8%, RIO +3.7%, MT +3.5%, RCL +2.8%, ING +2.7%, RF +4.4%,
DB +2.6%, BAC +2.5%, DB +2.4%, UBS +2.1%, GLD +1.8%, PAAS +1.5%, AAPL +1.3%, ING +2.7%, TCK +7.9%,
RIO +4.9%, GOLD +4.4%, MT +3.9%, BHP +3.8%, HMY +3.8%, SLV +3.3%, GLD +1.8%, PAAS +1.5%,
STO +4.2%, YHOO +3.9%, NFLX +4.5%TOT +4.1%, OMEX +14.1% , CJES +14.2%, SNY +3.3%, NVS +3.1%,
ARMH +4.3%, AMZN +1.4%, ABB +4.5%, NOK +4.1%, MU +4%, POT +2.9%,
Gapping down
NBG -8.3% , SPN -9%, INSM -19.4%, SNP -2.3%, S -2.1%, bear positions, hopes, and dreams
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