Thursday, August 19
Here's a snapshot of GOOG at birth... he's an active little rascal lighting up the all the scanners in my delivery room!
GOOG, 1-min. Chart
Posted at 17:02, GMT
The coil scanner picked up AGN. Allergan is another drug stock like yesterday's pick, Pfizer. (PFE put in a very sweet run after it broke out yesterday afternoon -- of course it had a strong broad market tailwind to help it along.)
AGN, 30-min. Chart
Posted at 9:38, GMT
Where the foreclosures are, by Sarah Max.
It looks like Foreclosures.com has a pretty good business model; I wonder if they have to collect their data manually?
Posted at 8:40, GMT
Breaking The Buck And Passing It, Too, by William Barrett:
"A money market fund is a specialized mutual fund that invests in low-risk, high-liquidity instruments such as Treasury bills and commercial paper. By law, 95% of the assets must carry the highest safety rating and the average maturities must be 90 days or less ... The 991 money market funds in the United States comprise 12% of all mutual funds but their $2 trillion in assets amount to 30% of all fund holdings."
Posted at 8:26, GMT
Posted at 8:22, GMT
"The sale values Google at 118 times its earnings for the past 12 months, compared with a price-to-earnings multiple of 114 for Yahoo! Inc., the second-most used search engine, and 78 for EBay Inc., the largest online auction site. The price values Google at 10 times the $2.3 billion in revenue it recorded in the past four quarters."
"... Google's IPO [is] the second-biggest by an Internet company after the $1.9 billion offering by Genuity Inc. in 2000. Genuity filed for bankruptcy in November 2002."
I like the juxtaposition. ;-)
Posted at 8:18, GMT
Couch-bound woman's death raises questions, by Jose Lambiet. You'd be hard-pressed to invent a horror story this awful.
Posted at 8:08, GMT
Mutual Funds Opt to Liquidate, by Riva Atlas:
"'There is no way we are going to close the fund unless we have to,' said Benno Thieme of Thieme Securities, an affiliate of the fund manager. 'It's a matter of pride.'"
Pride stayeth despite the fall, I guess. But life is always good for those engaged in the "World's Largest Skimming Operation."
Posted at 7:49, GMT
"Singh, 35, had run Goldman Sachs' $10 billion Principal Strategies Department, where he sold out of Internet stocks before their 2000 crash and was among the first traders to spot a Japanese economic recovery...."
Posted at 7:40, GMT
Tone: Positive 73%
Posted at 7:20, GMT
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