Kerkorian Loads Up On DPTR
Kirk Kerkorian and his Tracinda Corp stepped up to the plate lately with a few purchases in Delta Petroleum ($DPTR). The stock is coming off of 5 year lows around…
Kirk Kerkorian and his Tracinda Corp stepped up to the plate lately with a few purchases in Delta Petroleum ($DPTR). The stock is coming off of 5 year lows around…
OK, we had the test and the grades are in; the support levels passed. The good news is that there is a lot of bad news, both earnings forecasts and…
The third trading day of the week brought the third day of losses to the major indices. From a technical standpoint it appears as though the markets will test the…
The biggest catalyst today was the announcement that the government, along with the mortgage industry, will be helping those hurting. The idea is that the “troubled loans” that some homeowners…
Not much good in the stock market today as the selling pretty much began as the bell rang. Take a look at the breadth and you can see the decline…
A second day of selling for the major indices and it looks like the markets are back and focused on the dismal data of late. I wish I could say…
The party is over for McCain and the bulls as Obama won and the markets sold off today. As mentioned in last night’s newsletter, it isn’t too surprising to see…
We’ve seen quite a bit of bad news from the economy and from corporate earnings lately as the past quarter was horrible. With the major indices as down as much…
The current debate going on is whether today’s rally was due to the presidential election or the belief in a year-end rally. I’ll add to the debate by throwing out…
Hexcel Corporation ($HXL) is in the defense/aerospace sector as they build composite material for the industry. What we noticed was a surge in put option activity today. Take a look…