Posted in SimpleTrader_News on November 6, 2009 | Leave a Comment »
Wet Seal reports Oct same store sales -1.3% vs -7.3% Briefing.com consensus; guides above consensus for Q3 (3.28 ) :
Co issues upside guidance for Q3 (Oct), sees:
EPS of $0.04 vs. $0.03 First Call consensus;
Q3 (Oct) revs of $141.5 vs. $138.87 mln consensus
Earnings will be reported on Nov 19.
Source
Posted in SimpleTrader_News on November 6, 2009 | Leave a Comment »
DivX upgraded to Buy at Maxim Group; tgt $8.50 (5.20 ) : Maxim Group upgrades DIVX to Buy from Hold and sets target price at $8.50 to reflect limited downside risk, industry data points which suggest better-than-expected 4Q09-1Q10 results, CE manufacturers, particularly TV, becoming more interested in connectivity to stream Internet video and the improving [...]
Posted in SimpleTrader_News on November 5, 2009 | Leave a Comment »
iPass has already executed on its commitment to distribute $20 million of capital to stockholders through a special $0.32 per share cash dividend that was paid in September 2009; this second $20 million distribution will be comprised of two parts:
a special cash dividend of $10 million or $0.16 per share, and
the launching of a [...]
Posted in SimpleTrader_News on November 3, 2009 | Leave a Comment »
Lord Steinberg passes away.
Details on Lord Steinberg.
Major share holder in EGMI.
Roth defends today’s weakness in EGMI.
Electronic Game Card weakness a buying opportunity, says Roth Capital
Roth Capital attributes the weakness in Electronic Game Card shares to reports that the company’s executive Chairman, Lord Steinberg, passed away last night. The firm does not seem meaningful risk [...]
Posted in SimpleTrader_News on November 3, 2009 | Leave a Comment »
Semiconductor sector downgraded to Cautious from Attractive at Morgan Stanley.
Morgan Stanley downgraded the Semiconductor sector based on peaking fundamentals and said the group is “in the final innings of the semi cycle.” The analyst downgraded Altera (ALTR), Intel (INTC), Micron (MU) and Xilinx (XLNX) to Equal Weight from Overweight and cut ARM Holdings (ARMH), Nvidia [...]
Posted in SimpleTrader_News on October 30, 2009 | Leave a Comment »
Bloomberg reports George Soros says the global recovery is ‘liable to run out of steam’ says ‘double dip’ may follow in 2010 or 2011, says US to ‘lose the most’ in financial crisis.
Things to keep in mind/Caution:
One needs to be extra cautious heading into the next few quarters.
Stimulus has aided the recent recovery in 2009 [...]
Posted in SimpleTrader_News on October 27, 2009 | Leave a Comment »
The Securities and Exchange Commission today charged a securities broker from Merrick, N.Y., with securities fraud for repeatedly creating and then distributing fake press releases to manipulate the stock prices of multiple publicly traded companies.
The next day, Ballas issued another press release falsely claiming that IMAX Corporation had been acquired by Disney. Once again, he [...]
Posted in SimpleTrader_News on October 27, 2009 | Leave a Comment »
Galleon Group LLC, the hedge-fund firm that’s liquidating after billionaire founder Raj Rajaratnam was charged with insider trading, sold more than 90 percent of its investments, according to a person familiar with the matter. The holdings were sold over three days, said the person, who asked not to be identified because the information is private. [...]
