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  • JPMorgan's (JPM) trading loss could reach $9B, say people briefed on the situation, with red ink piling up as JPM moves faster than expected to exit its money-losing positions. Jamie Dimon was way off when he warned in May that the initial $2B loss could double in coming quarters. JPM will disclose more details in its July 13 earnings report.  [View news story]
    I like to think about what other banks are in this same situation. I am very confident that most banks are likely in this same situation. Although until the losses are realized they don't have to disclose them. To be honest I say this is another big indication that the big banks are are staffed with terrible traders.
    Jun 28 11:33 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 385K consensus (prior week revised to 392K from 387K). Continuing claims -15K at 3.31M.  [View news story]
    I always find it funny how people say oh millions are gonna drop off the unemployment list. Ok then eventually the entire country will be living on the streets or dead. People are working jobs and not reporting the income or not reporting the job. I don't see an uptick in homeless folks and I'm in CA, so unless there's been some mass deaths then where are all the people going? Are they just vanishing into the woods?

    US will be fine. It's a simple business cycle. We had our recession and now time to expand. Europe on the other hand is a different story.
    Jun 28 11:26 AM | 1 Like Like |Link to Comment
  • Republican and Democratic leaders in both houses of Congress are discussing proposals that would put off having to worry about the "fiscal cliff" until after the election. They're considering a bill that would delay automatic spending cuts from January until March, Bloomberg reports, as well as extend the George Bush tax cuts and fund the government for the same period.  [View news story]
    Who wants to work anyways, its the Summer. Everyone should go out and vacation. Just tell your employer if Congress can do it why can't I? It's only fair right? How these lazy people get these jobs are beside me. I guess all it takes its cheating on your college exams to maintain a high GPA and then you are set.
    Jun 26 12:43 PM | 2 Likes Like |Link to Comment
  • More on Consumer Confidence: It's the 4th decline in a row for the index, which now stands at its lowest level since January (expectations at lowest level since November). "The failure of Bernanke's 'wealth effect,'" says Not Jim Cramer, noting the divergence since QE began between consumer confidence and stock prices.  [View news story]
    I don't think the average consumer knows or thinks any of that. They are just fearful from the last recession which saw massive lay offs and home losses. Nobody wants that to happen to them so they are preparing. That kind of thing won't be happening anytime soon, but at least they will be prepared...
    Jun 26 12:38 PM | Likes Like |Link to Comment
  • Paul Mueller Co. Is An Unknown Micro Cap That Could Triple In 2012 [View article]
    Interesting stock. I am curious if you have a time horizon or PT on your MUEL position?
    Jun 24 02:42 AM | Likes Like |Link to Comment
  • The selling pressure seen by Arena Pharmaceuticals (ARNA -16.4%) remains intense, as shares give back a healthy chunk of their recent gains. Possibly hurting Arena's cause is an article from SA's Shane Blackmon, who notes Arena's rally has been fueled by short-covering (22% of the float was shorted as of May 31), and argues "a bear raid seems inevitable" ahead of the FDA's expected June 27 decision on the company's Locaserin weight-loss drug.  [View news story]
    Not if Qnexa is approved within the next 12 months as well.
    Jun 22 04:17 PM | Likes Like |Link to Comment
  • The selling pressure seen by Arena Pharmaceuticals (ARNA -16.4%) remains intense, as shares give back a healthy chunk of their recent gains. Possibly hurting Arena's cause is an article from SA's Shane Blackmon, who notes Arena's rally has been fueled by short-covering (22% of the float was shorted as of May 31), and argues "a bear raid seems inevitable" ahead of the FDA's expected June 27 decision on the company's Locaserin weight-loss drug.  [View news story]
    People are concerned a delay is coming. It is a definite possibility. Nothing is a guaranteed grand slam.
    Jun 22 04:16 PM | 2 Likes Like |Link to Comment
  • The newly-released annual survey from J.D. Power on customer satisfaction in the auto industry shows Ford (F +0.8%) and Chrysler (FIATY.PK) slipping lower with their brands, while Toyota's (TM +0.4%) Lexus retains its top ranking. Foreign names largely dominated the list, with Jaguar (TTM +1.9%), Porsche (POAHY.PK), Cadillac (GM -1.9%), and Honda (HMC -0.1%) all showing strong. The poor result for Ford seems to emanate from its MyFord Touch entertainment system, which presented a myriad of issues for confused owners. [View news story]
    Which results and percentage are you looking at? According to the link the IQS chart shows Cadilllac had 80 problems/100 vehicles and Ford had 118 problems/100 vehicles.
    Jun 20 06:48 PM | Likes Like |Link to Comment
  • Facebook (FB) is adding a subscription billing option for games offered on its site. Thus far, Zynga (ZNGA) and other Facebook game developers have generally relied on virtual goods purchases to produce revenue. Subscriptions could prove crucial to Facebook's efforts to boost Payments revenue amidst signs growth is slowing, in part by expanding the use of Payments services for non-gaming transactions.  [View news story]
    Next step for FB... Create an online casino.
    Jun 19 04:57 PM | 1 Like Like |Link to Comment
  • France gets downgraded to BBB+ from A- by Egan-Jones. "Exempted" thus far from the rise in funding costs, "as the crisis evolves, we expect that France will be pressured ... Hollande will be under pressure to keep campaign promises which will ultimately hurt credit quality."  [View news story]
    Just like the last Egan-Jones downgrade, this one is very vague and useless.
    Jun 14 03:31 PM | Likes Like |Link to Comment
  • Facebook's new high-growth market: kids? Facebook (FB) is apparently developing technology that would let the under-13 set use the site with parental supervision, a move that could explode Facebook's user base while outraging some privacy advocates. It's unclear when or if FB will roll out the service.  [View news story]
    Sounds like Myspace to me. Good night FB, your time is nearing an end. I feel bad for the people who hoped to hold FB stock for their lifetime and become millionaires.

    FB seems to be missing the bigger picture. A big user base isn't the problem. Turning that user base into a revenue and income stream is the problem. You can theoretically have every person on the planet signed up for FB and still bring in zero dollars. Eventually companies will realize that paying for ads on FB is not returning anything.
    Jun 4 07:06 PM | Likes Like |Link to Comment
  • Apple's (AAPL) Siri - loved by some, loathed by others - will be making its way to the iPad with the release of iOS 6, 9to5 Mac reports. It's added Apple is beta-testing Siri on both the latest iPad and the iPad 2, though it will likely only be available on the former. Nuance (NUAN) and Yelp (YELP) would benefit (I, II) from Siri's iPad debut.  [View news story]
    P already has that covered very well. Siri is late to the party and nobody will be home.
    Jun 4 04:29 PM | 1 Like Like |Link to Comment
  • Buying Nokia Below $3 Is Like Buying Ford Below $2 [View article]
    I think somebody mentioned this, but it is important to note that it is very difficult to compare F of 2009 and NOK of 2012. F of 2009 was at the tail end of a market collapse so of course the share price will be beyond oversold. In fact dozens of blue chip stock should have bought up hand over fist in 2009.

    NOK of 2012 is, well, below its 2009 low and at the tail end of a 3 year rally. But while most stocks have been soaring for 3 years, NOK has been on a nice slow downward trend with no end in sight. I also do not take comfort in a company with 130 thousand employees and $40 billion in revenues. Employees can easily be fired in droves. I don't know what NOK's income statement and balance sheet look like since I will not be buying or even thinking about buying NOK, but I imagine it looks something like this: shrinking margins across the board, choppy income, and worsening liquidity ratios.
    May 25 04:01 PM | 1 Like Like |Link to Comment
  • Hewlett-Packard (HPQ): FQ2 EPS of $0.98 beats by $0.07. Revenue of $30.69B (-3% Y/Y) beats by $770M. Expects FQ3 EPS of $0.94-$0.97, below $1.02 consensus. Expects FY12 EPS of $4.05-$4.10, above $4.03 consensus. Shares +7.1% AH. (PR)  [View news story]
    Dell's situation is isolated. Not too surprising.
    May 23 04:18 PM | Likes Like |Link to Comment
  • More on the class-action suit against Facebook and Morgan Stanley: The firm handling the suit previously won $7B from Enron. Its complaint alleges remarks made in Facebook's S-1 about its ad outlook were "untrue statements" in light of reports an exec told analysts to lower their forecasts. Particularly incriminating, if true, are reports institutional demand fell due to the disclosure. That would make Facebook's situation the polar opposite of what may have recently happened with Groupon.  [View news story]
    Sounds like the S-1 gave proper warnings to me. FB warns of all the possible dangers of investing in the company. My question is do analysts have to publicly disclose changes in their outlook for private companies? Since FB was technically still a private firm up until the IPO. And analyst's recommendations are based on their own research; which can be correct but also could be flawed. It seems like the lawsuit doesn't have too much substance. I hope the judge does his job.
    May 23 03:14 PM | Likes Like |Link to Comment