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| Wednesday Sep 13, 2006
Man of the PeopleTaipan Group's Dynamic Market AlertBy J. Christoph Amberger-- Man of the People ---------------------------- A Personal Message from J. Christoph Amberger: I'm about to ask you to do something crazy. But if you do, I guarantee it'll be one of the most rewarding decisions you'll ever make. In fact, what I'm about to ask of you will actually make you $14,227 richer this year alone! So if you're willing to hear me out, listen to all the facts, and want to grow your wealth faster than you could have ever dreamed, then please read on... -------------------------- Man of the Peopleby J. Christoph Amberger Whenever I saw him jog through Roland Park, a posh neighborhood in northern Baltimore City with multimillion-dollar homes, on my drive home, he looked the very picture of health. The way you'd picture the city's former public health commissioner. But every four years, a curious disease afflicts former top-level public servants. It forces them to trot out their children in front of television crews, dig deep among the discarded slogans and ideas of previous generations, and start campaign committees that would help them get elected to public office. And in the case of the jogging former public health commissioner, nothing under Congress is good enough. Accordingly, you now see "Vote Beilenson!" signs all over the front yards of those fancy mansions. And his posse of campaign helpers is clowning at intersections, waving hand-written "Universal Health Care" posters near the campuses with $40,000 annual tuition. A true man of the people! Interestingly, however, Dr. Beilenson really doesn't appear to have all that much to brag about regarding his efficiency as a public health commissioner. According to a recent study by the Harvard School of Public Health, Baltimore City dwellers have the lowest life expectancy in America. On average, they depart from the Land of Pleasant Livin' at around age 68.6 years. The only places in America where people's lives are even more nasty, brutish and short would be a handful of counties in South Dakota -- home to impoverished Indian reservations. An inopportune moment for this kind of news to come out if you're the former public health commissioner. But what better reason to trot out that old nag of Universal Healthcare again! -- Gold resumed yesterday's tailspin, plunging past $590 again. And as I'm writing this, the "bargain hunters" responsible for yesterday's minimalist uptick have yet to come back from their power lunches. More disconcerting than the price drops of the last couple of months is the increasing tendency for gold-bug commentators to latch on to arguments supported by either daily news or even technical analysis to lucidly explain these downward movements. If you've been promising gold hitting $1,000 for the past five years it’s almost as tough as explaining away Third World life expectancy in a city you've been the public health commissioner in. We at Taipan, however, are using the opportunity to close out our downside insurance policy on gold. Our options strategist, Bryan Bottarelli, writes today: “As we head into September expiration, it’s time to close out the last leg of our September Gold Hedge play. The idea behind this hedge position was driven by pure volatility in the shiny metal. Owning both the GOX September 130 Puts (GOX UF) and the GOX September 145 Calls (GOX II) offered you both upside and downside exposure in a highly volatile gold price environment. “On July 5, gold prices were moving higher, which prompted us to take half of our profits on the GOX September 145 Calls (GOX II) for $14.30, a 93.2% gain from your original $7.40 entry price. After that sale, the volatility in gold prices stabilized, which reduced the price premiums in your options. But just recently, gold has once again started a devastating fall, offering you one final opportunity to exit the GOX September 130 Puts (GOX UF). Let’s not miss this final chance to use gold’s down-move to get out of the puts before September expiration. “Sell your GOX September 130 Puts (GOX UF) at or above $1.30, good for the rest of the month.”
New blockbuster drug a hair away from FDA approvalby Ian L. Cooper In August of 1963, a pregnant Jacqueline Kennedy went into labor… five and a half weeks too soon. Unfortunately, because of lung disease brought on by preterm complications the child died just two days later, according to Patrick Bouvier’s obituary. In 2003, 28,000 babies died before their first birthday because of preterm labor complications, according to the National Center for Health Statistics. By the time 2005 rolled around, one out of every eight babies was born prematurely. By 2006, the reasons for preterm birth are still greatly shrouded in mystery, taxing the U.S. healthcare system and costing U.S. taxpayers up to $26.2 billion a year, or “$51,600 per infant,” according to Newsweek. And as of now there’s no reliable test to assist doctors in determining an accurate induction date, resulting in an increase of pre-term infants. But by October 20, 2006, that could all change… and fast, when a little-known drug company receives final FDA approval. All signs point to FDA approval. When it is, it could very well help save at least 350,000 babies a year… and that’s just in the U.S. We haven’t even mentioned the global appeal. Get in now. For more information, please read Special Report #1 at VixTrader.com. For more information on EVS, please click here now.
Clowns & Harlots: Mencken, Thou Shouldst Be Living At This Hourby Christopher Corbett The critic and wit H.L. Mencken -- the avowed enemy of God and golf, chiropractors and congressmen, Rotarians and reformers, socialists and social workers -- died 50 years ago this year in the Baltimore row house where he had spent nearly all of his 75 years. Quite often in Baltimore (and elsewhere) when something deliciously stupid and ridiculous occurs -- the teaching of “intelligent design” in the nation’s schools, Ebonics, the introduction of “Freedom Fries,” the preposterous attention devoted to the revels of Mel Gibson, the never-ending adventures of the late Jon Benet Ramsey or Natalie Holloway -- the question is asked, What would Mencken say? Mencken had a sharp and exquisitely jaundiced eye for buncombe, as he called it, and he specialized in what he also called “stirring up the animals.” Newspapers no longer do this much. It’s bad for business. The mindless, rancid brayings of talk radio and television are not the same thing. Do not be fooled. No one will be reading the wisdom of Bill O’Reilly or Ann Coulter in one hundred years -- or even ten. There is not a single thing said on Larry King Live that has the shelf life of a Frito. And no few of the participants have the IQ of a Frito. Alas, and God damn, to use a Mencken phrase, the world we live in which so needs a voice like Mencken’s has no such voice. Consider this: Henry Louis Mencken, the preeminent journalist of his day and arguably the most important in the 20th century, made The Baltimore Sun famous. The Sun today is much diminished. It produced not only Mencken but the likes of Russell Baker and William Manchester and for years boasted a distinguished Washington bureau and offices around the world. No more. Owned by a corporate master, the Tribune Company, the Sun is now just a regional newspaper that is closing its foreign bureaus. Its staff is ever shrinking. Its circulation, which once edged half a million on Sunday, is plummeting. I tell you this because last Saturday was Mencken Day, the annual commemoration of the birth (he would have been 126) of the “sage of Baltimore.” But the newspaper that “the Attila of critics” made famous hardly wrote a single word about Mencken Day. (A one-line calendar item was all the attention lavished on the event. The Sun gave more space to the corn maze, goat walk and hay jump at Crumland Farm in Frederick, Maryland.) The shrewd and hilarious observations that the British writer Christopher Hitchens made to a standing-room-only audience celebrating the man The New York Times once called “the most important private citizen in America” were not reported in the Sun. Mencken remains ignored in his hometown, the victim of a head-on collision with political correctness in an age when irony and hyperbole are now controlled substances. The opening of his diaries more than a decade ago revealed him to be -- no real surprise -- a bigot, an anti-Semite on occasion and generally mean-spirited. (Christopher Hitchens preferred to call him a misanthrope last weekend.) But we read great writers in spite of their personal flaws not because of them. The celebration last weekend of Mencken reminded how much the country needs Mencken at this hour. At no time, to paraphrase Mencken, have “the forces of morondom” been so busy. Alas, Mencken’s legacy is in a bad way in his hometown and not just at the Sun. Baltimore is also a poor town and Mencken’s house, on the National Register of Historic Places and long operated as a museum, is now closed. The city could not afford it. Its contents were hauled off to the Smithsonian in Washington (which owned them). The house is literally falling down. But beyond Baltimore, Mencken, the most quoted American writer after Mark Twain, whom Mencken idolized, the writer who orchestrated the Scopes Monkey Trial, perpetrated the fabled Bath Tub Hoax and compiled The American Language remains popular and hugely influential. A quick check with the Internet shows that in the past few days Mencken was quoted by columnists and editorial writers from the Roanoke Times to the Nashua (New Hampshire) Telegraph from the Statesman Journal in Salem, Oregon to the pages of The New York Times, and at stops further afield in places like the Houston Chronicle and the Clarkesdale Press Register in Mississippi. In the course of a few days recently, newspapers from Australia, Malaysia, Nigeria and even in the wilds of Ocala, Florida, quoted Mencken. What other American writer can make that claim? Certainly no living American writer. Mencken lives as long as his work remains in print and most of his work -- his best work -- remains in print. He continues to surprise, appearing in the most unlikely of places. A couple of weeks ago even an Al-Jazeerah Web site quoted Mencken. The sage would have been amused. ---------------------------- Earnings Announcements for Wednesday, September 13, 2006 Aastrom Biosciences, Benetton Group, Brady Corporation, CHC Helicopter, OSI Systems Inc, Qualstar Corporation, and Xilinx Inc are releasing earnings. Brought to you by your FREE American Capitalist. Sign up here: Sign up here.
Unlock Dates for September 2006 9/20/06 – Clayton Holdings Inc is unlocking 7.5 million shares. Keep an eye on Tim Hortons Inc. and Himax Technologies for significant sell-offs. You may want to short shares or buy puts on these two positions. Brought to you by Extreme Volatility Speculator
Upgrades and Downgrades Albemarle downgraded by Jefferies & Company from Buy to Hold. Cooper Companies downgraded by Matrix Research from Buy to Hold. Frontier Oil downgraded by Lehman Brothers from Equal Weight to Underweight. MasterCard downgraded by Morgan Keegan from Outperform to Market Perform. Valero Energy downgraded by Lehman Brothers from Overweight to Equal Weight. Applied Materials upgraded by Credit Suisse from Neutral to Outperform. Genentech upgraded by Robert W. Baird from Neutral to Outperform. Brought to you by GRESSOR.com
Quote of the Day “The new president of Mexico says that he wants to work with the United States to let people in Mexico work jobs that they want to in the United States. As opposed to creating new jobs in Mexico.” - Jay Leno, Sept. 11, 2006
P.S. On June 30, 2006, at 11:41 a.m. EST, a one-page news release from a small Texas company announced the most dangerous partnerships in big oil since Exxon Mobil.
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