Tuesday:
Thursday:
- Cypress Semiconductor CY
- Google GOOG
- Harley-Davidson HOG
- Intuitive Surgical ISRG
- JPMorgan Chase & Co. JPM
- Nokia NOK
- Titan Machinery Inc. TITN
Funny Friday:
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Joined Jan 27, 2008
7,405 Blog Posts
Earnings will be good for the banks, and they will promptly sell off. Classic pump and dump coming.
agree w/scumbucket… Bears are set for giving the Bulls a bukkake buffet….
JPM has doubled off ’09 lows. They don’t need no steenking earnings, they know the secret handshake.
Gotta love TITN… Sleeper pick for this week.
Jamie better make good on this one…
http://market-ticker.denninger.net/archives/953-Goldman-and-other-banks-Hedges.html
WFC, Q1 wonder:
Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts’ estimates and providing an encouraging sign for the banking industry…
Revenue at Wells Fargo, which has been one of the strongest banks during the ongoing credit crisis and recession, was bolstered by strong mortgage banking and capital markets business, Atkins told The Associated Press. During the first quarter, Wells Fargo received about $190 billion in mortgage applications, a 64 percent jump from the previous quarter. More than 40 percent of that volume came in March.
Most of that business was refinance applications, but about 25 percent came from customers looking to purchase homes, Atkins said, noting the recent quarter’s mortgage activity has been among the strongest quarters since the housing market began to collapse in 2007.
The government has been implementing many new programs in an effort to cut interest rates, hoping to bolster the beleaguered housing market, and those programs have definitely helped, Atkins said…
http://finance.yahoo.com/news/Wells-Fargo-projects-record-3-apf-14890409.html
I have to assume that refis will peter out, I further assume that the fees generated were at the expense of banking sector future earnings as most people refi’ed to get a better rate. I also expect that they are hiding the salami as to losses by pawning off losers onto taxpayers.
RC and the rest of you twitterers.. do you guys know the site
http://wefollow.com ?
crazy twitter world. Just type in ‘stocks’ or whatever into the search bar. Unreal.
GE and C on option Friday? FUCK THAT NOISE
RC, good call on FEED. Moving well this morning.
FEED! YEAH BABY! Now we just need TSL to BTFO.
Hope everyone had a good weekend..
nothing exciting, but a couple of after the open bell morning things…
10:43 S&P Reits sell on shares OF MGM MIRAGE
SNDA is BTFO today
MEMC Electronic-WFR weakness a buying opportunity, says Kaufman The firm has a Buy rating on the stock with a $24 price target. (Yikes)
SINA The stock is up 3.79% on unconfirmed MSFT takeover chatter. The stock is headed for major topside resistance at the $30.
10:04 Union Pacific-UNP added to U.S. 1 List at BofA/Merrill
9:40 Citigroup adds GS to their Recommended List, removes BAC
Out of FEED @ 3.02
Hey RC,
I was thinking about holding FEED till 350. Do you think there is more risk to holding to that point? I guess that fact that you sold it answers the question.
Frog, why not take 1/4 off at 3.10, 1/4 off at 3.25, and the last 1/2 off at 3.50 if you want to play aggressively?
If you think this is a good idea, do it! Too many times have I seen iBC commentators say new idea X is a good idea, then stick to their original plan and later regret it.
if it helps, Fly is still holding. My original target was 3.35, but wanted to lock in the gain.
there she goes again, BTFO.
I was just asking if there was a specific reason for selling just above 3. I actually took half off at 3.15. Probably will hold the rest for a while with a stop around 3.
Just got into LDK with some of the winnings. TSL still needs to prove.