Archive for April, 2007

  • Trend Trading to Win
    , April 2nd, 2007 at 2:22 pm

    Hey buddy, wanna learn how to make a FORTUNE in the market? Of course you do. Listen to this guy, he turned a measly $33,000 into a MASSIVE $7 million in less than two years.
    That’s not all:

    On May 13, 2006, I traded LIVE at the MGM Hotel in Las Vegas in front of 100+ clients. I made over $139,000 that day. That’s real money, not some simulated trading portfolio.

    Um…May 13, 2006 was a Saturday. The markets were closed.
    (H/T: Howard Wallstrip Lindzon.)

  • Amphenol Splits 2-for-1
    , April 2nd, 2007 at 9:56 am

    No, Amphenol (APH) is not way down this morning. The shares just split 2-for-1. This means you now have twice as many shares at half the price.
    For record-keeping purposes, I’m adjusting the our buy price for APH from $62.08 to $31.04, and the number of shares will double from 805.4124 to 1610.8248.
    One other thing to note. The stock exchange will be closed this Friday for Good Friday. This is the one day of the year where most of the world is open and Wall Street is closed.

  • First Data Gets Private Equity Offer
    , April 2nd, 2007 at 9:51 am

    Is there still a reason for a stock exchange? Another great stock, First Data (FDC), has recieved a $29 billion private equity offer. The shares are up about ten-fold since it was spun off from American Express in 1992.
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    A note to investors: Pay attention when a good company (or country) spins off a business. You can often find great deals. Here’s Moody’s stock since it was spun off from Dun & Bradstreet. Here’s Corporate Executive Board since it was spun off from the Advisory Board Company. Last year, First Data spun off Western Union.

  • Questioning Malcolm Gladwell
    , April 1st, 2007 at 2:23 pm

    This is a long time coming. Fred Gardner takes aim at Malcolm Gladwell:

    Malcolm Gladwell is an influential New Yorker writer, the author of two best-sellers, “The Tipping Point” and “Blink.” In January the NYer published a Gladwell piece called “Open Secrets,” a convoluted defense of Enron’s management. Joe Nocera of the New York Times expressed surprise that the renowned Gladwell could write something so inaccurate and slanted.
    “Already ‘Open Secrets’ has been embraced by those who argue that the Enron prosecutions were an effort to ‘criminalize’ what amounted to flawed business decisions,” wrote Nocera. “The efforts to weaken Sarbanes-Oxley are also rooted in the idea that the country overreacted to Enron and the other corporate scandals. In effect, the central defense argument -that Enron didn’t really do anything illegal- has been given new life by Mr. Gladwell. And it isn’t remotely true.”