Monday, December 20
Stocks to Watch -- Monday, December 20
Posted on December 20, 2004 at 14:15, GMT
Chat Room Open from 8AM-9AM, Eastern Time
In last Friday's pre-open chat ... um, I have no idea what we talked about since it was three long days ago, but it was undoubtedly both fun and informative. Come join us today!
Posted on December 20, 2004 at 8:55, GMT
Chart of the Day -- KB Home, Monthly Chart
KB Home is a homebuilder based in the United States with operations in Arizona, California, Colorado,
Florida, Georgia, Illinois, Indiana, Nevada, New Mexico, North Carolina, South Carolina and Texas. In addition, Kaufman & Broad S.A., the
Company's majority-owned subsidiary, is a homebuilder with operations primarily in France.
KBH hit a new all-time high last Friday. People who like to pick tops are busy chattering about the homebuilders, but I try not to play that game.
KBH, Monthly Chart
Posted on December 20, 2004 at 8:45, GMT
Best and Worst Performing Large-Cap Stocks (last 4 weeks)
Best:
- Humana Inc (HUM)
Up ~28% {health insurance} - Veritas Software Corp (VRTS)
Up ~23% {Buyout by Symantec} - NVIDIA Corp (NVDA)
Up ~22% {graphic processing units} - Electronic Arts Inc (ERTS)
Up ~21% {software games} - NCR Corp (NCR)
Up ~21% {global technology company}
Worst:
- Dynegy Inc (DYN)
Down ~17% {power generation, natural gas liquids and regulated energy delivery} - Symantec Corp (SYMC)
Down ~16% {security software} - Altera Corp (ALTR)
Down ~15% {programmable logic devices} - Unisys Corp (UIS)
Down ~15% {information technology company} - Gap Inc (GPS)
Down ~11% {specialty retailer}
Posted on December 20, 2004 at 8:35, GMT
The Allure of 100:1 Leverage
So You Wanna Trade Currencies? by Jeff Opdyke:
"Novice traders with as little as $250 are opening so-called mini-accounts and controlling as much as $50,000 ... Several online-trading sites, such as Forex.com,
Hotspot FX and others, allow individual investors to trade currencies. Discount broker Charles Schwab recently partnered with one of them, RefcoFX, to offer Schwab
customers a chance to trade currencies."
Posted on December 20, 2004 at 8:25, GMT
Reuters Buys Telerate
Reuters to Buy Moneyline Telerate for $175 Million:
"Reuters Group Plc, the world's largest publicly traded provider of financial information, agreed to buy Moneyline Telerate for $175 million
in cash and stock to help it offer a bond trading system ... Reuters, where sales are falling for a third consecutive year, said last month
it will introduce bond trading to its information services. New York-based Telerate provides data on fixed-income securities, currencies and
derivatives to about 3,500 customers in 85 countries."
Posted on December 20, 2004 at 8:15, GMT
Daydreaming Makes a Comeback
Day Trading Makes a Comeback, by Michael Flaherty:
"'I knew guys who were pulling in $30 million a year as day traders,' said Erik Solomon, an HLV manager. 'But they didn't have a plan, and they paid
the price. The first thing we teach our traders is what not to do.'"
$30 million a year? I'm chuckling.
Posted on December 20, 2004 at 7:55, GMT
Behavioral Finance Link Site
Another great resource: Behavioural Finance has links to hundreds of papers on topics ranging from Attention Anomalies to Winner's Curse.
Posted on December 20, 2004 at 7:45, GMT
Where Stats Come Alive
NationMaster.com is a great site for data nerds and list junkies.
"NationMaster.com is a massive central data source and a handy way to graphically compare nations. NationMaster is a
vast compilation of data from such sources as the CIA World Factbook, United Nations, World Health Organization, World Bank,
World Resources Institute, UNESCO, UNICEF and OECD. Using the form above, you can generate maps and graphs on all kinds of
statistics with ease."
-- via BAD ATTITUDES --
Posted on December 20, 2004 at 7:35, GMT
Financial Calculators Galore
A fantastic set of java-based financial calculators.
Posted on December 20, 2004 at 7:25, GMT
Roundup of China Aviation Oil News IX
Investors Anxious Over China Aviation -- AP
"The company reported losses last month from betting on the future price of oil. It began losing money on oil trades in the first
quarter of 2004, but increased its purchases in the hope that prices would fall. Instead, the price of oil rose to all-time highs in late October.
In court documents, Chen said his firm's parent company, China's state-linked China Aviation Oil Holding Co., knew about mounting losses when it
sold a 15 percent stake in its Singapore-listed supplier on Oct. 20. Share buyers were not notified of the company's disastrous financial
situation, and the SIAS said the sale could constitute insider trading."
CAO owes US$125M in loans to six Chinese banks -- China Online
"... China Merchants Bank, to which CAO owes US$19 million, expects the lending will affect its asset quality and force it to increase provisions this year ...
Besides China Merchants Bank, Industrial and Commercial Bank of China (ICBC) - the country's largest lender - has US$39.9 million in outstanding loans to CAO, China
Everbright Bank US$25.65 million, Beijing Commercial Bank US$17.1 million, Shanghai Pudong Development Bank US$12.825 million, and Bank of Communication's Shanghai
branch US$10.45 million...."
Posted on December 20, 2004 at 7:15, GMT
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