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Monthly Archives: November 2011

Lunch Break: Can You Stomach The Accusation ?

Accusations turn into something more concrete when you do research.

The more you research; the deeper you find the rabbit hole goes.

The lifting of the veil is in full swing!

[youtube://http://www.youtube.com/watch?v=6cqZffMZ_w8 450 300]

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Today’s Money Flows, Heat Map, and A/D Line

Heat Map

A/D Line

Money Flows

ISSUE GAINERS                 SYMBOL   EXCH   LAST PRICE   MONEY FLOW    RATIO 
                                                          (in millions) 
Microsoft                      MSFT    NASD       26.38       +99.1       5.76 
Apple                          AAPL    NASD      389.79       +39.8       1.14 
CenturyLink                    CTL     NYSE       37.52       +22.7       4.39 
JPMorgan Chase                 JPM     NYSE       32.27       +11.1       1.82 
AT&T                           T       NYSE       29.06       +10.7       2.14 
Citigroup                      C       NYSE       27.52       +10.5       1.48 
IBM                            IBM     NYSE      187.80       +10.4       1.41 
Transocean                     RIG     NYSE       49.12        +9.7       1.46 
Marathon Petroleum             MPC     NYSE       34.78        +9.0       1.32 
Halliburton                    HAL     NYSE       39.06        +7.1       1.56 
Philip Morris Intl             PM      NYSE       71.30        +7.1       2.24 
Verizon Communications         VZ      NYSE       36.96        +7.1       2.23 
InvenSense                     INVN    NYSE        8.61        +7.0       2.86 
Procter & Gamble               PG      NYSE       63.20        +6.6       1.70 
Hewlett-Packard                HPQ     NYSE       27.94        +6.5       1.85 
Texas Instruments              TXN     NYSE       31.72        +6.4       2.13 
Wal-Mart Stores                WMT     NYSE       56.88        +6.2       1.35 
Green Mountain Coffee          GMCR    NASD       50.69        +6.1       1.08 
Target Corp                    TGT     NYSE       54.11        +5.5       1.27 
Medtronic Inc                  MDT     NYSE       34.58        +5.4       4.10 

ISSUE DECLINERS               SYMBOL   EXCH   LAST PRICE   MONEY FLOW    RATIO 
                                                          (in millions) 
iShrs Russell 2000             IWM     ARCA       73.91       -49.5       0.56 
iShrs Tr MSCI EAFE             EFA     ARCA       50.33       -25.8       0.23 
Amgen                          AMGN    NASD       55.95       -22.6       0.17 
Intel                          INTC    NASD       25.43       -19.6       0.52 
Vanguard Short-Term Bond       BSV     ARCA       81.39       -14.5       0.03 
SPDR Barclays Cap Hi Yld       JNK     ARCA       37.93       -13.9       0.09 
Google                         GOOG    NASD      616.12       -12.1       0.83 
ExxonMobil                     XOM     NYSE       78.57        -9.1       0.74 
BHP Billiton                   BHP     NYSE       74.84        -8.4       0.40 
Abercrombie & Fitch            ANF     NYSE       48.62        -8.3       0.87 
Johnson & Johnson              JNJ     NYSE       64.52        -8.1       0.51 
Pfizer                         PFE     NYSE       19.68        -7.6       0.40 
Coca-Cola                      KO      NYSE       67.42        -7.0       0.49 
McDonald's                     MCD     NYSE       93.75        -6.7       0.62 
United Technologies            UTX     NYSE       77.84        -5.9       0.70 
ConocoPhillips                 COP     NYSE       71.33        -5.5       0.69 
MineFndrs                      MFN     AMEX       12.50        -5.4       0.42 
Disney                         DIS     NYSE       35.99        -5.3       0.56 
PwrShrs QQQ Tr Series 1        QQQ     NASD       57.87        -5.3       0.90 
Abbott Labs                    ABT     NYSE       54.08        -5.3       0.53

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52 Week Highs and Lows This Morning

NYSE

New Highs 13 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Amer Campus Communities       ACC         41.29               77,290 
Chesapeake Granite Wash       CHKR        19.25              285,752 
Colfax                        CFX         30.73              266,979 
Digital Realty Trust          DLR         65.22              209,260 
Fusion-io                     FIO         41.59              802,496 
GNC Holdings A                GNC         27.74              247,817 
Invesco Van Kampen Mun Tr     VKQ         13.79               15,658 
Kodiak Oil & Gas              KOG         8.42             3,310,813 
MarkWest                      MWE         51.95               25,811 
PNC Cap Tr D 6.125%           PNU         25.60                1,235 
Pacific Drilling              PACD        8.66                 6,632 
Putnam Tr                     PMM         7.65                 5,326 
Wstrn Asset Muni Hi Inco      MHF         7.81                10,127 

New Lows 11 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
AlcatelLucent ADS             ALU         1.89             1,728,270 
Bank Of Ireland               IRE         4.53               105,589 
Bitauto Holdings ADS          BITA        4.12                48,212 
CPI Corp                      CPY         5.59                 1,350 
Chemed                        CHE         48.10              467,041 
China Mng Yng Wnd Pwr ADS     MY          2.09                 7,287 
Lloyds Banking Grp            LYG         1.68               698,980 
Skechers                      SKX         12.71               88,649 
Sun Life Fincl                SLF         20.22               88,761 
Unifi Inc                     UFI         7.34                 7,315 
Xerium Tech                   XRM         8.14                 5,601 

NASDAQ
New Highs 11 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Altisource Ptfl Sol SA        ASPS        45.13               16,125 
Astronics                     ATRO        33.62                5,164 
CalAmp                        CAMP        4.49               131,783 
DXP Enterprises               DXPE        28.00                8,467 
Intel                         INTC        25.50            9,520,198 
Natural Alternatives Intl     NAII        8.20                 6,910 
PC Connection                 PCCC        11.30                5,451 
Sourcefire                    FIRE        34.60              128,015 
Spirit Airlines               SAVE        17.35               39,986 
Spreadtrum Comm               SPRD        29.90              231,855 
Tractor Supply Co             TSCO        78.22              263,861 

New Lows 34 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
A123 Sys Inc                  AONE        2.36               381,437 
Alimera Sciences              ALIM        1.35               173,408 
Anchor Bancorp Wisconsin      ABCW        0.47                 3,100 
BancTr Fincl Grp              BTFG        1.40                 6,100 
Bon-Ton Stores                BONT        3.17                55,035 
Canadian Solar                CSIQ        2.51               107,921 
Cereplast                     CERP        1.13                11,166 
Ctripcom Intl                 CTRP        26.84              784,032 
eDiets.com                    DIET        0.63                 2,680 
FNB United                    FNBND       13.51                1,787 
FiberTower                    FTWR        0.36             1,610,954 
Forward Indus NY              FORD        1.75                 4,833 
Friendfinder Networks         FFN         1.41                10,730 
Glbl X Social Media Index     SOCL        14.65                2,069 
Hampton Roads Bankshares      HMPR        3.24                 1,640 
Hanwha SolarOne Co Ltd        HSOL        1.48               165,740 
Human Genome Sciences         HGSI        8.81               619,662 
Kratos Defense & Sec Sols     KTOS        5.40                18,413 
Lakeland Industries           LAKE        6.57                13,900 
Marchex   (Cl B)              MCHX        6.06                37,364 
Microvision                   MVIS        0.47               136,993 
Myrexis                       MYRX        2.53                28,922 
NTELOS Hldgs                  NTLSD       20.58               15,333 
Nektar Therapeutics           NKTR        4.25               102,314 
Ossen Innovation Co ADS       OSN         0.84                47,200 
Perion Network                PERI        3.52                23,535 
Rosetta Genomics              ROSG        0.43                 4,847 
Siga Technologies             SIGA        2.51                62,183 
SRS Labs                      SRSL        5.62                   901 
SmartHeat                     HEAT        0.47                18,650 
TBS Intl  Cl A                TBSI        0.55                 5,070 
Tii Network Tech              TIII        1.51                 2,500 
ValueVision Media  (Cl A)     VVTV        1.66               104,935 
Washington Federal Wt         WFSLW       4.00                 2,400

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Detroit to run out of money by April

I cannot wait for the entire span of city officials to be replaced with an emergency financial manager. Bring on Caesar! Democracy cannot survive when your people are this stupid.

Read here:

A closely guarded report on Detroit’s finances paints an alarming picture of a city that will run out of cash by April unless officials make immediate, painful reductions that will cut deeply in to public services.

The report, obtained by the Free Press, outlines some drastic scenarios that illustrate how steep those cuts must be for the city to stay afloat.

For example, if the city laid off 2,200 employees — a third of its workforce — the city still would run out of cash by July.

No one has said the city is considering that as an option, but it demonstrates the severity of the financial crisis.

Mayor Dave Bing and the City Council have said the solution lies in getting major concessions from reluctant labor unions and reducing the city’s skyrocketing costs for retirees.

Bing is planning a public address Wednesday regarding the financial crisis.

“Mayor Bing inherited a city in fiscal, operational and ethical crisis,” his spokesman Dan Lijana said Monday. “Rather than continuing business as usual and sweeping problems under the rug, Mayor Bing has taken on the tough issues and had an honest dialogue with Detroit about our fiscal challenges.”

The problems are so severe and immediate, restructuring experts said, that the state may have no choice but to appoint an emergency manager with the authority to gut union contracts, sell assets, restructure the government and end nonessential services.

“At the point where Detroit is, they need an emergency manager,” said Pontiac’s emergency manager Louis Schimmel, who also took over the shrinking budgets of Hamtramck and Ecorse years ago. “What are they going to do when they run out of cash?”

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Chair Professor of Finance at the Chinese University of Hong Kong Larry Lang : “Chinese regime is in a serious economic crisis—on the brink of bankruptcy”

“China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.

The restrictions Lang placed on the Oct. 22 speech in Shenyang City, in northern China’s Liaoning Province, included no audio or video recording, and no media. He can be heard saying that people should not post his speech online, or “everyone will look bad,” in the audio that is now on Youtube.”

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Upgrades and Downgrades This Morning

Upgrades

KEY – KeyCorp upgraded to Outperform from Market Perform at Raymond James

DKS – Dick’s Sporting Goods added to Conviction Buy List at Goldman

SNX – Synnex initiated with a Buy at Collins Stewart

RIMM – Research In Motion upgraded to Neutral from Sell at Goldman

DOW – Dow Chemical initiated with Equal Weight at Morgan Stanley

KITD – Akamai Tech initiated with an Outperform at JMP Securities

FBC – Flagstar Bancorp upgraded to Buy from Hold at Cantor Fitzgerald

CNQR – Concur Tech target raised to $62 at Needham

ARA – Arrow Elec initiated with a Neutral at Collins Stewart

AJG – Arthur J. Gallagher initiated with Hold at Deutsche Bank

LYB – LyondellBasell initiated with Overweight at Morgan Stanley

GNC – GNC Holdings initiated with an Outperform at Wedbush

HTHT – China Lodging initiated with a Buy at Deutsche Bank

TECD – Tech Data initiated with a Neutral at Collins Stewart

KITD – KIT digital initiated with an Outperform at JMP Securities

NBTB – NBT Bancorp downgraded to Neutral from Buy at Guggenheim

GLPW – Global Power Equipment downgraded to Hold at BB&T Capital Mkts

ULTA – Ulta Salon ests and target raised to $85 at Oppenheimer

STD – Banco Santander initiated with a Hold at ING Group

AKAM – Akamai Tech initiated with an Outperform at JMP Securities

BBVA – Banco Bilbao Vizcaya Argentaria initiated with a Buy at ING Group

Downgrades

DELL – Dell downgraded to Sector Perform from Outperform at FBN Securities

VSI – Vitamin Shoppe initiated with a Neutral at Wedbush

BTX – BioTime upgraded to Buy at WBB Securities

AVT – Avnet initiated with a Neutral at Collins Stewart

THC – Tenet Healthcare downgraded to Market Perform from Outperform at Leerink Swann

IM – Ingram Micro initiated with a Neutral at Collins Stewart

SLRC – Solar Capital downgraded to Market Perform from Outperform at Wells Fargo

COO – Cooper Cos downgraded to Market Perform from Outperform at BMO Capital

GLBL – Global Industries downgraded to Underperform from Market Perform at Raymond James

GERN – Geron downgraded to Speculative Buy at WBB Securities

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