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Monthly Archives: August 2011

2010’s Best Hedge Fund Manager: Bring on QE3

Don Brownstein: ”

Some Federal Reserve members and lawmakers, acting the part of “modern day ‘Know-Nothings,’” have been “raving about imaginary uncontrolled inflation and wringing their hands over government deficits.”

The Fed has room to use additional asset purchases to stimulate the economy and create moderate inflation to aid indebted consumers, as Bernanke signals he’s ready to spurn “inflation-obsessed fanatics.” Lawmakers shouldn’t “freak out” about deficits with the economy weak.”

Full article

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Today’s Short Squeezes

No. Ticker % Change Short as % of Float
1 AMSC 14.23 26.36
2 JKS 13.03 62.59
3 HEI 11.77 30.30
4 JASO 11.67 19.06
5 PANL 11.22 15.70
6 TPLM 10.78 40.00
7 YGE 10.77 18.75
8 WTSLA 10.53 18.47
9 LDK 10.38 58.07
10 VRA 9.70 40.90
11 ENER 9.52 26.90
12 LULU 9.24 16.90
13 LNN 8.79 21.80
14 BORN 8.64 21.12
15 CSIQ 8.60 16.60
16 PWER 8.41 43.80
17 ENOC 8.35 16.70
18 DGIT 8.33 17.00
19 ATPG 8.12 42.90
20 WGO 8.06 23.20
21 RBCN 8.05 53.50
22 DSW 7.96 27.00
23 FSLR 7.95 40.20
24 DDD 7.77 16.10
25 HNSN 7.72 19.30

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Today’s Top Performing ETF’s

No. Ticker % Change
1 YINN 10.29
2 TNA 9.37
3 SOXL 9.36
4 COWL 9.20
5 MATL 8.32
6 TAN 8.09
7 ERX 8.06
8 TQQQ 7.99
9 TYH 7.62
10 DZK 7.51
11 MWJ 6.94
12 ZSL 6.76
13 DUST 6.39
14 SAA 6.30
15 DZZ 6.23
16 UWM 6.15
17 BGU 6.05
18 ROM 6.03
19 XPP 5.95
20 UPRO 5.92
21 RUSL 5.39
22 QLD 5.29
23 DIG 5.28
24 FAS 5.26
25 DRN 5.22

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Today’s Biggest Winners

No. Ticker % Change
1 PMC 27.54
2 LMLP 21.86
3 KIPS 18.94
4 INVE 17.95
5 III 15.79
6 GLCH 15.65
7 VG 15.65
8 ANTH 15.43
9 INUV 14.97
10 IVN 14.96
11 AMSC 14.04
12 PWRD 13.56
13 JKS 13.31
14 FOSL 12.64
15 IDSY 12.37
16 REFR 12.33
17 KID 12.12
18 PANL 12.03
19 HEI 12.02
20 BID 11.82
21 MELA 11.64
22 HEV 11.51
23 IBCP 11.48
24 MTSN 11.45
25 ASTI 11.38

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Banc of America Strikes Back at Blodget

Following this mornings hit piece on BAC, Banc of America issued a scathing statement on Blodget.

Mr. Blodgett is making “exaggerated and unwarranted claims” which is what the SEC stated publicly when he was permanently banned from the securities industry in 2003. The sovereign exposure is off by a factor of 10. The commercial real estate figures are off by a factor of four. The mortgage analysis was provided by a hedge fund that has acknowledged it will benefit if our stock price declines. The recommendations on goodwill accounting would be prohibited by generally acceptable accounting practices. Traditional bank valuation relies upon tangible book value per share, which excludes by definition 100 percent of goodwill and other intangibles. As of June 30, our tangible book value per share was $12.65.

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