Wednesday, October 15, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: LLTC -15.8%, DAL -4.8%, STT -4.7%, SCHW -4.6%, ASML -4.3%, JNY -4.1%, JPM -1.8%, WFC -1.2%… Select financial related stocks trading lower: KEY -11.9%, ING -9.4%, GS -6.8%, C -5.7% (Citi’s rally ignores data like losses - WSJ), MS -3.6%, AIG -3.6%, DB -3.3%, BAC -2.3%, CIT -1.8% (announces $0.10 quarterly dividend and intention to sell approx. $8 mln of common equity)… Select metals/mining names showing weakness: AAUK -12.4%, RTP -8.9% (says long term outlook for co remains positive despite the upheavals in global markets; Chinese economy is pausing for breath), BBL -8.8%, BHP -7.8%, FCX -7.2%, RIO -6.5%, MT -5.0%… Select drybulk shippers trading lower: EXM -10.3%, FRO -6.3%, DRYS -6.2%, DSX -2.8%… Other news: UN -4.7% and UL -3.3% (still checking for anything specific), NOK -3.3% (still checking)… Analyst comments: EBAY (downgraded to Underperform at Merrill), STM (downgraded to Underperform at Merrill), DELL (downgraded to Neutral at JPMorgan)

Gapping Up

In reaction to strong earnings/guidance: TSL +7.1%, KO +6.8%, ALTR +5.8%, DNA +3.9% (also upgraded to Buy at Piper and upgraded to Buy from Hold at Citigroup), INTC +3.0%… Other news: LYG +7.4% (checking for anything specific)… Analyst comments: LVS +7.2% (upgraded to Overweight at Weisel), BYD +4.2% (upgraded to Overweight at Weisel), AAPL +2.0% (upgraded to Overweight at JPMorgan), WYNN +1.4% (upgraded to Overweight at Weisel), CRM +1.1% (upgraded to Buy at Soleil).

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Get your weimar wheel barrels ready for bread

Excellent exposure of the hyper inflationary problems we are facing in the united states. Peter Shiff and Glenn Beck discuss the similarities of the present U.S. economy to the german weimar republic that resulted in the collapse of germany's currency. Also covered for the first time on main stream media: MARTIAL LAW!

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