Jon Najarian’s Gutsy MF Global Trade

Oct 26, 2011
J. Webster
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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

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Why Whitney Tilson Is Now Long Shares of Netflix

Oct 26, 2011
J. Webster
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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.

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The Short Squeeze Is On In Shares of Quidel

Oct 26, 2011
J. Webster
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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

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Brian Moynihan Stands Up For Bank of America Employees

Oct 26, 2011
J. Webster
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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,

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College Humor’s “We Are the 1%”

Oct 25, 2011
J. Webster
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"I'm sick of these poor people mooching off my success."

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Yahoo Finance Comment of the Day: “This Company Produces Nothing”

Oct 25, 2011
J. Webster
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This Yahoo Finance message board comment comes from the boards for the once all mighty Netflix, whose stock has falling hard and fast, going from upwards of $300 a share in July to a lowly $77 a share today. Of course stock holders are upset. This commenter very succinctly nails down the problems of owning shares of Netflix: This Company Produces Nothing: It has warehouses full of a soon-to-be-outdated product. It provides a generic service other companies could and do provide. Its streaming content is incredibly lacking. Postal rates are going up January 1st. Still want to

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Amy Goodman on Occupy Wall Street

Oct 25, 2011
J. Webster
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A discussion about Occupy Wall Street with journalist Chris Hedges and Amy Goodman of Democracy Now! Why are they protesting? It is the collapse of globalization - turning into feudalism. Just look at the slave labor type of environment many workers live in. The race to the bottom. Prison labor in China. See full interview at

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Kim Kardashian, Money Manager, Stock Broker

Oct 25, 2011
J. Webster
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Would you let Kim Kardashian make trades for you and manage your money? A while back she posted this picture while doing some kind of charity event at Cantor Fitzgerald. I'm guessing she'd load your portfolio up with shares of Coach and Tiffany. And these aren't bad stocks to own. Hat tip to ZeroHedge for pointing me to the

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Should I Buy Shares of Mastercard or Visa?

Oct 25, 2011
J. Webster
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Should you buy shares of Mastercard (MA) or Visa (VO)? Well, on one hand you have Warren Buffet buying up shares of Mastercard. That's an impressive reason enough to buy Mastercard right there. This past March, based on his filing with the SEC, Buffett showed he owned 216,000 shares of MasterCard's stock. And Buffett isn't a fly by night stock trader, he is of course a very long term investor, almost to the point of building large positions and never selling shares stocks he likes. Visa though is no slouch. While it doesn't have a whale like Buffett buying up

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Reed Hastings Letter to Whitney Tilson: Don’t Go Long Our Stock

Oct 25, 2011
J. Webster
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Honestly, Whitney, you're my friend, right? I know, I know, I know I was wrong to tell you NOT to short our stock a few months ago, but now I want to come clean and not let you lose money going long our stock this time. Yeah, it's getting a bit confusing isn't it. But Whitney, you are a wonderful human being and I want to save you from more pain with our stock. It's just that, we are freaking out over here at Netflix. Sure, the Qwikster fiasco and raising prices have put us in a bind, but things weren't

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