| Sym | Name | Last | Change | Percent | High | Low | Volume | |
|---|---|---|---|---|---|---|---|---|
| PFE | Pfizer | 28.18 | +0.08 | +0.28% | 28.66 | 28.11 | 159,854,752 | |
| BAC | Bank Of America Corp | 13.01 | +0.25 | +1.96% | 13.03 | 12.78 | 124,394,850 | |
| SIRI | Sirius Xm Radio Inc. | 3.40 | +0.07 | +2.10% | 3.43 | 3.34 | 60,386,889 | |
| ORCL | Oracle Corp. | 30.45 | +0.31 | +1.03% | 31.14 | 30.29 | 44,771,704 | |
| MU | Micron Technology | 14.34 | +0.16 | +1.13% | 14.53 | 14.27 | 39,534,040 | |
| BBRY | Blackberry | 14.48 | -0.43 | -2.88% | 15.09 | 14.28 | 37,387,083 | |
| F | Ford Motor Company | 15.65 | +0.36 | +2.35% | 15.70 | 15.39 | 35,623,466 | |
| FB | Facebook Inc | 24.66 | +0.50 | +2.07% | 24.84 | 24.21 | 34,737,476 | |
| S | Sprint Nextel Corp. | 6.98 | +0.01 | +0.14% | 7.01 | 6.94 | 32,738,670 | |
| MSFT | Microsoft Corp. | 34.62 | +0.27 | +0.79% | 34.78 | 34.50 | 31,342,046 | |
| ABX | Barrick Gold Corp. | 14.87 | +0.09 | +0.61% | 15.30 | 14.78 | 30,869,684 | |
| GE | General Electric Com | 23.32 | +0.07 | +0.30% | 23.48 | 23.26 | 30,833,616 | |
| C | Citigroup Inc. | 48.28 | +0.67 | +1.41% | 48.69 | 47.81 | 29,284,362 | |
| CSCO | Cisco Systems | 24.63 | +0.24 | +0.98% | 24.71 | 24.46 | 27,446,478 | |
| INTC | Intel Corp. | 24.05 | +0.05 | +0.21% | 24.35 | 24.01 | 27,080,483 | |
| NWSA | News Corp. | 32.69 | +0.54 | +1.68% | 33.05 | 32.31 | 25,807,601 | |
| EMC | Emc Corp. | 23.57 | -0.32 | -1.34% | 24.04 | 23.57 | 24,310,820 | |
| NOK | Nokia Corp. | 3.81 | -0.10 | -2.56% | 3.92 | 3.78 | 24,044,537 | |
| NVDA | Nvidia Corp. | 14.01 | -0.13 | -0.92% | 14.20 | 13.86 | 20,489,853 | |
| RF | Regions Financing | 9.71 | +0.18 | +1.89% | 9.71 | 9.54 | 20,479,747 | |
| NBG | National Bank Of Gre | 3.14 | -0.94 | -23.04% | 3.39 | 2.94 | 20,438,109 |
Thursday, June 27, 2013
STOCK MARKET VOLUME LEADERS JUNE 27, 2013
FEDS BRING CHARGES AGAINST CORZINE
Federal regulators are accusing former New Jersey Governor Jon Corzine of failing to properly manage MF Global, which misused customer funds before its 2011 collapse.
A civil lawsuit by the Commodity Futures Trading Commission seeks to ban Corzine from trading in the futures market and demands he pay unspecified penalties.
The lawsuit said Corzine bore responsibility for MF Global’s unlawful acts because he directly or indirectly controlled the company and its holdings and “either did not act in good faith or knowingly induced these violations.”
“He also failed to supervise diligently the activities of MF Global’s officers, employees and agents.
Corzine has disputed the allegations by the CFTC, which regulated MF Global.
The regulator also filed civil charges against Edith O’Brien, the firm’s former assistant treasurer.
About $1.2 billion in customer funds disappeared. Most of the money has been returned. MF Global has also agreed to pay a $100 million penalty as part of a settlement.
New York-based MF Global sought bankruptcy protection after a disastrous bet on European countries’ debt. Its $41 billion bankruptcy was eighth-largest in U.S. history.
The lawsuit said that when Corzine joined the firm as CEO in March 2010 he planned to convert the company into a major Wall Street investment bank that generated revenue from proprietary trading and other business lines.
It said Corzine tried to boost revenue by making significant investments in financial instruments such as the sovereign debt of certain European countries.The plan worked for a while. The investments became an important part of the firm’s revenue, though the investments grew increasingly risky, the lawsuit said.
By the second half of 2011, the investments and other factors put significant strains on the company’s capital and liquidity and by October 2011, sources of cash were drying up, the lawsuit said.
Corzine and other company employees communicated with one another, sometimes by email and sometimes on recorded telephone lines, concerning the firm’s “dire situation,” the lawsuit said.
By the last week of October 2011, MF Global violated U.S. commodity laws by using nearly $1 billion of customer segregated funds to supports its own proprietary operations, directly harming thousands of customers, the lawsuit said.
STOCK ANALYSTS UPGRADES AND DOWNGRADES JUNE 27, 2013
Coverage Initiated
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
| Mandalay Digital | MNDL | Ladenburg Thalmann | Buy | $11 |
| Macy's | M | Stifel | Buy | $55 |
| Regal Entertainment | RGC | Ascendiant Capital Markets | Buy | $21 |
| Fluidigm | FLDM | Maxim Group | Buy | $21 |
Coverage Reiterated/Price Target Changed *
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
| Cisco Systems | CSCO | Stifel | Buy | $25 >> $28 |
| CECO Environ. | CECE | FBR Capital | Outperform | $12.75 >> $14.5 |
| Mannkind | MNKD | MLV & Co | Buy | $6 >> $8 |
| Customers Bancorp | CUBI | FBR Capital | Outperform | $21 >> $19 |
| McKesson | MCK | Mizuho | Buy | $116 >> $126 |
WALL STREET IN A MINUTE JUNE 26, 2013
Everything you need to know about what happened on Wall Street today in one minute.
1.GOLD HITS 3 YEAR LOW
1.GOLD HITS 3 YEAR LOW
2. MACAU CASINO STOCKS GET BOOST
3. CSIQ LEADS SOLAR STOCKS HIGHER
4. APOLLO GROUP PROFIT HAIRCUT
5. SMITH & WESSSON FIRED UP
6. BAILING ON BONDS
7. BULLS IN THE HOUSE
8. E*TRADE 52 WEEK HIGH
9. EMERGING MARKETS CLIMB
10. MORTGAGE APPLICATIONS DOWN
Also, please check out the diary: STOCKMARKETDOUBLE DIARY
Wednesday, June 26, 2013
STOCKMARKETDOUBLE DIARY JUNE 26, 21013
Another trading day has come and gone and I still hold the same position, short 1622 shares of SUNE. I was down about 2%.
I guess if I had to put into broad terms the kind of trader I am-you could say that I am a swing trader. Maybe the one thing that I do differently than a lot of other swing traders is that I take fundamentals into account, just as much the technicals.
During the "swing period", there are almost always up and down days. As I think about it a little more-I guess I could call myself a "long term" swing trader; in that I will hold a position longer than most. Well, hopefully tomorrow things will go my way and SUNE will be down, rather than up. Until tomorrow, I hope you all have a nice evening. See the results of all my trades below:
Update for Wednesday, June 26, 2013:
Current position-short 1622 shares of SUNE at $8.45
Closed Trades:
5/17-short 942 shares of RDN at $13.69
6/17-covered position on RDN at $12.92 (6% gain)
4/18-shorted 262 shares of UNXL at $38.10
5/17-covered at $29.44 (29% gain)
Start Date: 4/18/13
Starting Balance: $10k
Current Balance: $14,211.00
Return: 42%
Annualized Return: 222%
I guess if I had to put into broad terms the kind of trader I am-you could say that I am a swing trader. Maybe the one thing that I do differently than a lot of other swing traders is that I take fundamentals into account, just as much the technicals.
During the "swing period", there are almost always up and down days. As I think about it a little more-I guess I could call myself a "long term" swing trader; in that I will hold a position longer than most. Well, hopefully tomorrow things will go my way and SUNE will be down, rather than up. Until tomorrow, I hope you all have a nice evening. See the results of all my trades below:
Update for Wednesday, June 26, 2013:
Current position-short 1622 shares of SUNE at $8.45
Closed Trades:
5/17-short 942 shares of RDN at $13.69
6/17-covered position on RDN at $12.92 (6% gain)
4/18-shorted 262 shares of UNXL at $38.10
5/17-covered at $29.44 (29% gain)
Start Date: 4/18/13
Starting Balance: $10k
Current Balance: $14,211.00
Return: 42%
Annualized Return: 222%
STOCK MARKET VOLUME LEADERS JUNE 26, 2013
| Sym | Name | Last | Change | Percent | High | Low | Volume | |
|---|---|---|---|---|---|---|---|---|
| S | Sprint Nextel Corp. | 6.97 | +0.09 | +1.31% | 6.99 | 6.87 | 121,038,766 | |
| RAD | Rite Aid Corp. | 2.76 | -0.05 | -1.78% | 2.86 | 2.71 | 112,503,311 | |
| BAC | Bank Of America Corp | 12.76 | +0.09 | +0.71% | 12.85 | 12.68 | 105,222,450 | |
| PFE | Pfizer | 28.10 | +0.11 | +0.39% | 28.36 | 27.85 | 85,893,518 | |
| SIRI | Sirius Xm Radio Inc. | 3.33 | +0.13 | +4.06% | 3.34 | 3.21 | 60,211,699 | |
| ORCL | Oracle Corp. | 30.14 | +0.18 | +0.60% | 30.23 | 29.86 | 56,010,745 | |
| MSFT | Microsoft Corp. | 34.35 | +0.68 | +2.02% | 34.48 | 33.89 | 48,666,264 | |
| MU | Micron Technology | 14.18 | +0.43 | +3.13% | 14.31 | 13.87 | 45,016,485 | |
| F | Ford Motor Company | 15.29 | +0.32 | +2.14% | 15.31 | 15.10 | 39,601,039 | |
| ABX | Barrick Gold Corp. | 14.78 | -1.33 | -8.26% | 15.52 | 14.75 | 35,434,197 | |
| CSCO | Cisco Systems | 24.39 | +0.39 | +1.63% | 24.45 | 24.18 | 35,048,506 | |
| INTC | Intel Corp. | 24.00 | +0.12 | +0.50% | 24.24 | 23.89 | 34,072,376 | |
| GE | General Electric Com | 23.25 | +0.14 | +0.61% | 23.44 | 23.02 | 32,545,753 | |
| C | Citigroup Inc. | 47.61 | +0.61 | +1.30% | 47.82 | 47.05 | 30,625,885 | |
| FB | Facebook Inc | 24.16 | -0.09 | -0.37% | 24.65 | 23.99 | 30,415,028 | |
| BSX | Boston Scientific | 9.25 | +0.22 | +2.44% | 9.36 | 9.11 | 27,822,051 | |
| CX | Cemex S.A.B. De C.V. | 10.43 | +0.42 | +4.20% | 10.46 | 10.09 | 24,475,742 | |
| ZTS | Zoetis Inc. Class | 30.97 | -0.52 | -1.65% | 31.90 | 30.92 | 23,987,408 | |
| AA | Alcoa Inc. | 7.75 | -0.17 | -2.15% | 7.96 | 7.72 | 23,751,007 | |
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