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Wednesday, December 24
A handy way to remember the Threat Conditions. Currently on an Ernie Alert.
-- via geek and proud -- Posted at 5:22 PM, EST
Melvyn Weiss, a member of the plaintiff's bar, has this to say about Grant Thornton:
"It just blows my mind. How can you merely rely upon a letter confirmation on an account so suspect in the Cayman
Islands with about $5 billon in cash? It just doesn't make any sense to me."
Posted at 5:12 PM, EST
When China Life IPO'd in Hongkong it was 170 times oversubscribed. The frenzy wasn't quite as great for the US listing, but you can see that it has been a profitable play since it got above the IPO high established last week. It reminds me a little bit of tom.com (8001.HK), which was one of the most masterfully-timed dot com IPOs (March 1, 2000). We lived in Hongkong then and I remember the long queues of people clutching their subscription forms... yes, it rang an alarm bell, but I ignored it as usual. Blame Jeremy Siegel. ;-)
 China Life Insurance (LFC), 30-minute Chart Posted at 4:48 PM, EST
"ECHO" didn't trigger short on this shortened day. Posted at 4:26 PM, EST
Eyes on CAMP ORCH RIMM VITX, among others. Posted at 8:49 AM, EST
Krugman writes about the blurred line between news and propaganda and the people who use their media empires to promote a conservative political agenda. Posted at 8:27 AM, EST
AdAge posts 10 Ads Americans Won't See. I like the "G Spot." Posted at 8:15 AM, EST
FASB issued Statement No. 132, Employers' Disclosures about Pensions and Other Postretirement Benefits.
"For the first time, companies are required to provide financial statement users with a breakdown of plan assets by category,
such as equity, debt and real estate. A description of investment policies and strategies and target allocation percentages,
or target ranges, for these asset categories also are required in financial statements. Cash flows will include projections
of future benefit payments and an estimate of contributions to be made in the next year to fund pension and other postretirement
benefit plans."
There was a very tricky pension problem when I took the CPA exam, which I'm sure sunk many people. I of course breezed through it, lol. Download the full text of #132 for fun reading over the holiday. (PDF, 147 KB) Posted at 8:11 AM, EST
 "ECHO," Daily Chart "ECHO" is a SHORT play. NYSE-listed stock in the $10-$15 range. Around 29 cents of risk (2.46%). Email me for details. If you don't know what all this "ECHO" business is about, read this post. Posted at 7:45 AM, EST
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