'Cash for Clunkers' Law: At Most Boost Auto Sales 3% in 2009
Posted July 3rd, 2009 by theStockMasters...
The Car Allowance Rebate System (CARS) -- Uncle Sam will cut checks of $3,500 to $4,500 to dealers so they can buy old
cars that get 18 miles per gallon or less and then sell the owner a more fuel-efficient replacement. The probem is that the feds have approved only $1 billion for the program. That could help fund the purchase of just 250,000 cars—not much more than a week's worth at current sales levels—between August, when the program likely will start, and Nov. 1, when it ends.
Biggums Watch: Unemployment Is Really 10%, not 9.something %
Posted July 3rd, 2009 by theStockMasters...
Deep in the BLS unemployment report, you can find discouraged worker statistics in Table A-12. According to that table, the seasonally adjusted percentage of unemployed workers, including discouraged workers, is 10% for June. That's up from 9.8% in May. As you can see, those numbers are significantly worse -- a half percentage higher than reported unemployment in June. That increase of 0.2% also matches the market's expectation for the increase in unemployment. So much for that kind of good news.
Guerrilla Trading with Take-Two Interactive: 21% Gain in 15 Trading Days
Posted July 3rd, 2009 by theStockMasters...
On June 10th, I picked up 300 shares of Take Two-Interactive Software Inc. (NASDAQ:TTWO) at $8.13 shares as they were heading down, finally stopping at $7.52 on June 16th. I took a chance it could keep going, but my educated analysis lead me to believe this stock was due for a type of bounce I like to call the Guerrilla Bounce. The Guerrilla Bounce is mean and tough and its not fair to all that bailed out on the way down, scared they would never recover their losses -- welcome to stock trading in 2009.
AssetWealthDev.com: Investing using High Yield CDs - 3, 6, or 9 Months in 2009
Posted July 2nd, 2009 by theStockMasters...
Another financial blog for our readers to review, it was only a matter of time before one of our own Masters (Frank Lara Jr) started an investment holding company -- Asset Wealth Development, LLC. Watch their blog which will highlight future investments and trading strategies, enjoy the article - Investing using High Yield CDs - 3, 6, or 9 Months in 2009.
Boeing Dreamliner Problems bring Shares to $40
Posted July 2nd, 2009 by theStockMasters...
To follow the canceled and Hail Mary New Orders for Boeing's (NYSE:BA) Dreamliner requires an entire blog devoted to the subject. Boeing Company shares have been all over the place thanks to turbulent Dreamliner developments, since June 8th BA shares have lost 22% of their value. Have Boeing shares finally hit bottom?
TiVO vs. Dish: Both Stocks Lose in the Fight
Posted July 2nd, 2009 by Frank Lara Jr
The never ending saga of Dish Network Corp. (NASDAQ:DISH) versus TiVO Inc. (NASDAQ:TIVO) ends up hurting shareholders more while the two companies duke it out in court over technology patents. Today TIVO shares are the big loser down 14% while DISH shares are off 2%, but the battle is far from over.
Priceline (PCLN) nears a 52 week high: Time to short
Posted July 1st, 2009 by Eric Cheshier
Priceline.com Incorporated (NASDAQ:PCLN), which during the financial crisis had as much as 50% short interest, has had a massive short squeeze since February - this was due to a Q1 statmenet where they issued revenue guidance above analyst estimates.
McDonald's Gets Classy with new Angus High Price Burger
Posted July 1st, 2009 by theStockMasters...
McDonald's Corporation (NYSE:MCD) is adding the all new ANGUS THIRD POUNDERS and damn if they don't look tasty. These bad boys are about $4 a pop and one of the options is an ANGUS with hickory-smoked bacon. Fatties Rejoice because thanks to America's appetite MCD shares could break $60.
Revisiting EZCORP, Timing is Everything
Posted July 1st, 2009 by theStockMasters...
Back on June 12th the Masters wrote about EZCORP, Inc. (NASDAQ:EZPW) and told you to be patient after watching shares fall 15% that day. EZPW shares hit a bottom on June 15th and are now in the high $10 range but have yet to recover after disappointing the Street for cutting their forward guidance. So, now what, how long to you have to wait for EZPW shares to trend up?
George Soros May be Bullish - Caution Masters
Posted July 1st, 2009 by theStockMasters...
Minyanville.com has a good article on Soros' recent bullish comments but digs into why you should question his position and more important, how to play it and what to keep in mind with investing your own money. Our favorite idea "the importance of not losing money in the first place", enjoy the article.
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