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Dow back to 13000

Looks like markets are steadily marching upwards and should touch 13000 by end of May (could come as early as this week).

Most investors are feeling that worst may be over for financials and hence willing to make small investments. There could be few bumps along the way (similar to Jan or Mar) but in general, markets are heading higher for few months now.

Fed would be having their last rate cut this week (by 25 basis points) before it takes a pause.

Microsoft and Yahoo entering into final end-game but I was surprised to find no action on Monday morning. If Microsoft starts proxy battle with $31, they are likely to lose it. If Steve Balmer wants to win this, he should offer $35 as final offer and start a proxy battle - there are very high chances (close to 80%) that with $35, he would win the proxy.

What's the reco for this week:

MGI (moneygram) - This stock is still trading around 1.5 to 1.6 and could be a good long-term value since I see moneygram booths in Lucky, Walmart and other places. Could give nice return of upto 50% within 12 months

Good luck

/Shyam

Comments

Anonymous said…
HEY go read DEN OF THIEVES

should be required reading for all MBA fuckes anyway... esp at UCB

they walk from yahoo and that POS instantly hits 22 flat

they can then make open market purchases

this is old school corporate stuff but i wouldn't put it past mr softy

PS now is great time to get short market

short spy stop at 141

this thing has pinged the 1400 line so many times and been unable to break

get ready son

PS got an gum
Anonymous said…
PPS

Why do you even bother to write this turd anymore???

ABK and MBI were terrible and anyone who took your advice got chopped in half

NCC again very very bad

WM... well that POS has yet to see the day of reckoning but give it time, maybe 1-2 q's

you smarter than my man Warren or what

sell that UYG today

PS i think your man Dennis Kneale has been shit canned from CNBC

ppppssss dont like the direct short

write a front month bear call spread 141-142

juicy shorts also on jewlery stores and perhaps SHLD

but hey what do i know im just a CS student and am not even an MBA student

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