MaoXian.com -- Archive > December 9, 2004

Stocks to Watch -- Thursday, December 9

Posted on December 9, 2004 at 14:15, GMT

Chat Room May Be Delayed Today

I have an appointment that may run into the normal morning chat hour. Don't be surprised if the room is closed when you try to get in... but I should be back by the market open, so give it a shot around that time.

Posted on December 9, 2004 at 7:45, GMT

Chart of the Day -- Commercial Bankshares, Weekly Chart

Commercial Bankshares, Inc. is a bank holding company with a wholly owned subsidiary, The Commercial Bank of Florida (the Bank). The bank engages in commercial banking and related businesses from its 14 banking facilities: its main office and nine other offices located in Miami (Dade County), Florida, and four offices in Broward County, Florida. It is operated as a network of community bank branches, and primarily focuses on providing personalized banking services to small businesses and individuals within the market areas where its banking offices are located.

CLBK hit a new all-time high yesterday. It's not just Your Home Town Bank, it's also Your Home Town Ten-Bagger.

CLBK, Weekly Chart

Posted on December 9, 2004 at 7:35, GMT

Best and Worst Performing ETFs (last 52 weeks)

Best:

iShares MSCI Austria Index (EWO) - Up ~72%
iShares MSCI Belgium Index (EWK) - Up ~51%
iShares MSCI Mexico Index (EWW) - Up ~47%
Internet HOLDRs Trust (HHH) - Up ~47%
Energy Select Sector SPDR (XLE) - Up ~37%

Worst:

Semiconductor HOLDRs Trust (SMH) - Down ~19%
iShares Goldman Sachs Semiconductor (IGW) - Down ~13%
Pharmaceutical HOLDRs Trust (PPH) - Down ~8%
iShares Lehman 1-3 Year Treasury Bond (SHY) - Up ~1%
Health Care Select Sect SPDR (XLV) - Up ~1%

Posted on December 9, 2004 at 7:25, GMT

Roundup of China Aviation Oil News II

Arrested CAO chief is released on bail -- FT

"CAO also said it still had three 'back-to-back' options positions open and 35 swap derivatives contracts that it was seeking to terminate. It did not give further details but these are understood to have been accounted for in the $550m loss estimate."

Singapore Oil Company Chief Arrested in Trading Losses -- NYT

"Any trade that produced a loss of at least $200,000 had to be reported to a committee monitoring risk, and any position with an unrealized loss of $350,000 or more had to be closed, meaning in most cases that the trader would have to sell the unprofitable security before its value deteriorated any further - unless Mr. Chen gave his direct permission not to. Any trades producing $500,000 or more in losses had to be closed with no exceptions."

China Aviation Oil Losses Serve as 'Reminder' of Risks in China -- Bloomberg

"'In a bid to raise capital for the margin calls, CAOHC placed out 15 percent of its shares in the company,' Chen said in the affidavit, filed as part of the company's High Court application seeking protection from creditors. The filing was announced the following day. The company had trades totaling 52 million barrels of oil by October, according to Chen's affidavit. New York oil futures closed at a record $55.17 a barrel on Oct. 22, a day after Deutsche Bank said it had completed the stake sale. China Aviation Oil didn't disclose the reason for the sale to shareholders. John Casey, a company spokesman, said on Oct. 21 that the parent company 'had an investment they are making and they need to raise the cash.' He didn't give details. A prospectus wasn't issued because the Singapore Exchange doesn't require them for placements of existing shares."

Posted on December 9, 2004 at 7:15, GMT

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