The Short Squeeze Is On In Shares of BankAtlantic

Nov 1, 2011
J. Webster
Comments Off on The Short Squeeze Is On In Shares of BankAtlantic
There was a rush to the exits for all the shorts in BankAtlantic after BB&T agreed to pay $301 million to acquire roughly $2.1 billion in loans and $3.3 billion in deposits from BankAtlantic. And it was a huge short squeeze as nearly 90% of the float was short BankAtlantic's stock. At one point shares of BankAtlantic (BBX) shot up to $7 a share this morning, as the shorts were forced to buy back shares if they wanted to get out. The stock is now trading around $4.85 a share, just under an 85% increase from yesterday. Here are the

Continue reading...

60 Minutes: Ruth Madoff Describes Hearing Bernard Confess

Oct 30, 2011
J. Webster
Comments Off on 60 Minutes: Ruth Madoff Describes Hearing Bernard Confess
As crazy as it may seem, I have to say I believe Ruth and Andrew Madoff when they say they had no idea that Bernie Madoff was running a Ponzi scheme. They certainly should have known, and it's amazing that they didn't ever ask any questions or dig deeper, especially when there were people who suspected that Madoff was running a scheme, but they seem like they are telling the truth. Ruth Madoff tells Morley Safer that after her husband confessed to running a massive Ponzi scheme the couple attended the company Christmas party.

Continue reading...

Peter Schiff Speaks for the 1% at Occupy Wall Street

Oct 30, 2011
J. Webster
Comments Off on Peter Schiff Speaks for the 1% at Occupy Wall Street
Schiff doesn't think Wall Street is to blame, rather he blames Washington. However, Wall Street is to blame when they're paying out excessive bonuses during a recession. See The Reformed Broker's Call to Action.
The problem is that many of these people are under the mistaken impression that Wall Street banks are to blame for this state of affairs. That's like blaming the dogs for getting into the trashcan. Sure, it's bad behavior, but the ultimate responsibility lies with the authority figures - in this case, Washington. (Business Insider)

Continue reading...

Arch Coal Misses Earnings But Stock Soars Higher

Oct 28, 2011
J. Webster
Comments Off on Arch Coal Misses Earnings But Stock Soars Higher
The stock market is a funny thing sometimes. When stocks seems like they should go up they go down. And when stocks seems like they should go down they go up. The later was the case for Arch Coal's stock (ACI) today. And, for those not used to the market's sometimes maddening logic, it was frustrating, confounding and confusing. Over on the Yahoo Finance message board for Arch Coal, one board member was in utter disbelief as to why the stock soared nearly 10% after it missed earnings:
Complete and Total Earnings Miss Will someone please explain to me WTF is

Continue reading...

Quote: Bernie Madoff Feels Safer in Prison

Oct 27, 2011
J. Webster
Comments Off on Quote: Bernie Madoff Feels Safer in Prison
"I feel safer here (in prison) than outside. I have people to talk to, no decisions to make. I know I will die in prison. I lived the last 20 years of my life in fear. Now, I have no fear because I'm no longer in control." (

Continue reading...

Steve Cortes Wants to Short Apple, Says It’s a Highflier

Oct 26, 2011
J. Webster
Comments Off on Steve Cortes Wants to Short Apple, Says It’s a Highflier
Yesterday, on the Fast Money Halftime report on CNBC, Steve Cortes again talked about his desire to short shares of Apple. It was all in the context of the momentum and high growth stocks getting chopped down recently when they missed on earnings or had other internal problems. The highfliers like Green Mountain, Netflix, First Solar and even Amazon. What's absurd though is for Cortes to lump Apple in with these other momentum or high growth stocks. Apple is in a world unto itself. The company has nearly the biggest market capitalization in the whole stock market. It has piles of

Continue reading...

Jon Najarian’s Gutsy MF Global Trade

Oct 26, 2011
J. Webster
Comments Off on Jon Najarian’s Gutsy MF Global Trade
CNBC's Fast Money regular and co-founder of OptionMonster.com, Jon Najarian, made a very gutsy trade in MF Global today. The stock was said to be on the verge of complete collapse when he stepped in to make the trade. Talk about buying stocks when there's blood on the streets, this was one of those cases. After a poor earnings release due to weaker-than-expected trading revenue and fears about the company's exposure to European debt (rumored to be upwards of $6 billion), the stock plummeted. Yes, the entire market cap for the company wasn't even worth $1 billion a few days

Continue reading...

Why Whitney Tilson Is Now Long Shares of Netflix

Oct 26, 2011
J. Webster
Comments Off on Why Whitney Tilson Is Now Long Shares of Netflix
You have to give the man some credit: he doesn't shy away from his mistakes and he isn't afraid to reverse course when he thinks the valuations change in a stock. Whitney Tilson went on CNBC's Fast Money Halftime report to discuss why he is now going long shares of Netflix, which he once famously shorted. "Today, we see a company with $4 billion market cap, down from $16 billion about 3 months ago. And on number of metrics we think that’s very cheap,” he says.

Continue reading...

The Short Squeeze Is On In Shares of Quidel

Oct 26, 2011
J. Webster
Comments Off on The Short Squeeze Is On In Shares of Quidel
The big short squeeze is on shares of Quidel Corporation (QDEL), a leading provider of rapid diagnostic testing solutions and cellular-based virology assays, after a positive earnings release and new regulatory approvals, the stock is up over 10%. The stock was sitting at around $15 a share yesterday and now is close to $18 a share this morning.
For the third quarter of 2011, total revenues increased to $33.1 million from $28.2 million in the third quarter of 2010, an increase of 17%. The increase in revenues was driven by growth of infectious disease products. Net loss for the third quarter of

Continue reading...

Brian Moynihan Stands Up For Bank of America Employees

Oct 26, 2011
J. Webster
Comments Off on Brian Moynihan Stands Up For Bank of America Employees
Nothing like supporting your employees. That's all they want from their leader. Perhaps Bank of America have the right man in CEO Brian Moynihan, after all, it must be hard some days working at the one of the most hated banks in the world. Smoke was coming out of Moynihan's ears when he addressed employees via a town hall meeting. You can understand why he's such a fighter for BofA though, all his net worth is wrapped up in the stock.
“I, like you, get a little incensed when you think about how much good all of you do,

Continue reading...

Pages:«1...76777879808182...116»