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| Friday Sep 15, 2006
Forget about rate hikes next weekTaipan Group's Dynamic Market AlertBy J. Chrs toph Amberger-- Forget about rate hikes next week ---------------------------- Everybody’s talking about ethanol. But nobody’s talking about ETHANOL’S DIRTY LITTLE SECRET! A crisis is on the horizon. And one company could hold the solution that’s going to revolutionize the freight industry... play a key role in rescuing the ethanol industry... save a bundle for every other industry in between - in a BIG WAY... and give you an 857% gain in the next 12 months. -------------------------- Forget about rate hikes next weekby J. Christoph Amberger Yesterday, the best wife of ‘em all brought in a copy of Human Resources, a monthly newsletter by published by Johns Hopkins University. Apart from the congenial and human-interest tripe that this kind of publication typically contains, there was a “Diversity Calendar” she pointed out to me. It was an enlightening experience. I had been unaware that two days ago, I had callously ignored Gahambar Paitishahem, a Zoroastrian/Fasli holiday. Last week, my eurocentricity led me to overlook Izzat, a Baha’i day of celebration. But let me make amends. On September 30, please commemorate Durga Puja even if you’re not Hindu. You can easily remember that because it’s on the same day as San Geronimo Day. A multi-culti explanation offers the following: “San Geronimo Day (Aboriginal/Mexico): Named after St. Jerome (1829-1909), an Apache fighter, this day is celebrated by the Native Americans and Hispanics dwelling in the Pueblo. Activities include morning races and the pole climb.” Only that St. Jerome is said to have lived from AD 340-420. According to the Catholic Encyclopedia, “St. Jerome owes his place in the history of exegetical studies chiefly to his revisions and translations of the Bible.” They didn’t mention his stint in the Wild West. Geronimo, the famed Apache chieftain, on the other hand, was the leader of the last Indian fighting force formally to capitulate to the United States who was considered a bandit and murderer by his contemporaries until the veils of time spread rosy-colored hues over his life and deeds. Outside politically correct academia, his chances at sainthood are marginal at best. Neither case would explain the function of pole climbing during San Geronimo Day. Unless the author of this claptrap -- The Multicultural Calendar 2006 by the Toronto-based Creative Cultural Communications -- was referring to a Canadian tourist named Ostrowitzki, who was seen on a Stairmaster overlooking the hotel bar in Cancun... -- Is the Fed going to raise rates next week? I don’t think so. For two very good reasons. For one, the Fed is in the business of creating a perception of pro-active competence. By sitting out the last meeting without a rate hike, it has set the mood. Returning to raising rates would turn this perception from that of a proactive, forward-looking steering institution to a reactive short-term gaggle of talking heads whose assessments waver in the currents of the daily news. The other reason is that the U.S. real estate market is coming to the rescue of moderate inflation. Every new home that remains unbuilt due to market saturation and slow-moving inventories means 400 pounds less copper are being bought by home builders... not counting, lumber, cement, plastics, etc. Over the coming months, we will see global demand for these commodities shrink... reducing prices and, more importantly, taking a bite of the speculative premium that is still attached to them. The Dow appears to be expecting this, trading at just 200 points below its all-time highs. (Diligent Investor’sTodd Schoenberger, BreakAway Investor’s Andrew Mickey and I will have plenty to say about oil, commodities and interest rates in tomorrow’s Weekly Edition, our 15-minute Internet video magazine that will be posted on www.taipanfinancialnews.com.)
Surround vision buyoutsby Ian L. Cooper CNBC stock picker Thomas Ko announced he went long on IMAX yesterday. He says, “I am buying $15,000 worth of IMAX Corporation stock at the opening to add this potential buyout candidate to my portfolio.” IMAX, an entertainment company, has been on the buyout rumor block for months now. IMAX has publicly announced that it has gotten few buyout offers but the management did not like the buyout price a bit. A number of companies including Sony were interested for a lower price point instead of the $10 range it was trading at just recently. I believe management was seeking offers higher than what it was trading for at the time. I know what you think: Get real, Ian. You’re taking advice from a CNBC stock-picking champ? I wouldn’t bother -- if he didn’t have a recent history of positively influencing stocks. Shares of CYTR, for example, moved higher on August 31, 2006 after Ko cited “recent news that the company will get $24 million for just a 1% stake of drug candidate arimoclomol for the treatment of amyotrophic lateral sclerosis (ALS or Lou Gehrig’s disease).” His mention alone sent the stock up $1.59. The idea behind Ko: If he did so well as champion CNBC stock picker, who’s to say his advise won’t be as good? But I wouldn’t suggest following his advice. He may be good at helping bring attention to his stock given his CNBC stature, but take a look at what happened to the likes of CYTR after it ran up $1.59 on his advice. Pull up the chart on BigCharts.com and see what happened. It fell hard just days later. According to MSN Money, “Ko showed in the Squawk Box Portfolio Challenge competition he can find some spectacular stock plays; in particular, he bet his whole model portfolio on one battered stock that then blasted off, giving him a 400% gain in just six weeks. That contest called for some wild gambling, but he recognizes that running a portfolio over six months is a different challenge. He’ll still buying bargain stocks ready to bounce, but he may not be quite as ready to bet the farm now that readers know who he is.” ---------------------------- Earnings Announcements for Friday, September 15, 2006 Conn’s Inc and Frequency Electronics Inc are releasing earnings. Brought to you by your FREE American Capitalist. 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 Boeing downgraded by UBS from Buy to Reduce. Cumulus Media downgraded by Citigroup from Buy to Hold. General Electric downgraded by UBS from Buy to Neutral. Stanley Furniture downgraded by BB&T Capital Markets from Buy to Hold. Genentech upgraded by Stifel Nicolaus from Hold to Buy. Sanderson Farms upgraded by JP Morgan from Underweight to Neutral. XM Satellite upgraded by Credit Suisse from Neutral to Outperform. Brought to you by GRESSOR.com ---------------------------- TAIPAN TIDINGSA dream team of Big Oil’s top executives is fleeing the industry that made them multi-millionaires for the next generation of energy riches! These former top dogs from Exxon, Texaco, and even Haliburton are now running a tiny, $4.00 bio-fuel manufacturer and have managed to get their hands on millions of shares of the company at rock-bottom prices. Quote of the Day “The strain of, frankly, anti-American feeling in parts of European politics is madness when set against the long-term interests of the world we believe in.” - Tony Blair, Sept. 13, 2006 “I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” - James Madison
P.S. On June 30, 2006, at 11:41 AM 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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