Zacks Bull and Bear of the Day Highlights: Cirrus Logic, Whole Foods Market, HealthSouth and OSI PharmaceuticalsLast update: 5/14/2007 6:00:03 AM

Bear of the Day:
Our Bear of the Day recommendation is for Whole Foods Market, Inc. (WFMI). Whole Foods second quarter results fell short of our estimates. The shortfall was due to lower-than-expected sales growth. We are again lowering our EPS estimates for fiscal 2007 and 2008 to reflect the company's deteriorating fundamentals. In addition, the company reported the Federal Trade Commission is giving Whole Foods acquisition of Wild Oats more scrutiny. All told, we believe WFMI shares should trade at a multiple that more appropriately reflects a grocer with declining earnings growth. Our target price is $30, or about 20 times our fiscal year 2008 EPS estimate. We maintain our Sell rating.

About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

No Position (Yet!)

i know i am not the majority but i received a free copy of Vista with my recent thinkpad x60 purchase. and vista was slower performance wise vs xp; so its just sitting here on my desk under my morning coffee. i would guess that halo 3 would have more impact this yr than vista. they dont need hardware conversions to sell it.

ECONOMIC FORECASTING SURVEY / WSJ

a good tool from the wsj with lots of topics like inflation, housing, gdp, fed, cpi, stocks etc…..

http://immobilienblasen.blogspot.com/

Gold Should Continue To Gain vs. Paper Assets

http://seekingalpha.com/article/35351?source=i_email&u=7518

Question for the group. I am on TD Ameritrade. For my volume of trading this is suffice. but can someone please point me to a cost effective real time block trade streamer? Must show u.s based activity, not tsx. as well as historical.

NYUgrad, I use Scottrade and I fire up the stream just before the open to watch the market setup. One portfolio screen is comprised of the biggest hitters in the biggest sectors so when the first quotes hit, I can see who is betting where as the share amounts are dead giveaways.

Being a newcomer to trading still finds me in awe of the enormity of capital being swapped. Seeing hundreds of thousands of shares continuously trading in one symbol dispels any lingering notion that the Market is any sort of game.
------------------

A few may have read my prior notes on HD and while I don't have certifiable scoop today, do remain aware that the company is just beginning to structure itself for the near term. Recent cutbacks here at its home find 50% staff reductions and inventory drawdowns to near JIT levels. While I really doubt that the whole HD Supply division will be sold, I do see the sale of its institutional divisions on the horizon. My reasoning is based upon the fact that the focus areas for HD Supply are vested in the SunBelt States and new home building may have slowed in some areas but it is more that the market is simply catching its breath, helped out by the Economic tumult of the financing/credit contagion.
All one need do is survey a Census report of population migration over the last quarter century to see my point.

This AM, Jefferies lowers its numbers on LOW yet holds its' Buy rating....HD reports tomorrow.

I've got an order to buy WFMI at 40.10 for a 1/3 position to open. I just got the position as I write. Now I sit to average down. stk

Hi Bill,

TCK had a split last week. It is actually trading near its 52 week high.

-Jags

Hey NYUGrad, I just ordered a Thinkpad X60 tablet for my son as a H.S. grad present. It will have Vista on it.

It will have 2Gb of memory. I wonder if you have less in yours? Vista is a memory guzzler.

And what's up with Gold today? Looks like the shorts are determined to keep it down.

redclaydawg, I just watched the scottrade elite demo and the "Time & Sale" button is what i want. Might have to transfer over. thanks for the insight

number2son, I have the non tablet 1.66 ghz and 2gb or ram. I never installed vista since i read it was a memory hog. and i dont want to be a early adapter on an operating system when i run my business off this laptop. It never crashes. My previous thinkpad t22 never crashed either. your son will love it. make sure you get him a laptop cable lock so no one steals it.

MELCO PBL down almost 7%.

Hearing from Msg boards that CROWN opening had lesser crowd than WYNN opening.

Is this a buying opportunity?

http://finance.yahoo.com/q/bc?s=MPEL&t=3m

JogyP,
Melco PBL announces its quarterly earnings tomorrow morning. Also, MGM missed its quarterly estimates badly this morning. That's also probably playing into the decline.

Fred

GFI spiking down to 16.25?

ALOHA !!

Bill ... it seems that the FED and their Wall Street bank accomplices have a mandate from the US Treasury to keep gold down so long as the USDX is below 82!

With Goldman lightening their net shorts on the TOCOM to record lows I wonder how long this will last? Or is it that Paulson is allowing Goldman an escape hatch from future rising gold prices?

At any rate, any way you look at it the markets are rigged as much as "free" markets can be! Can they? HA!

Man I drove past some car dealer lots the other day in Hilo and they are jam packed with CARS!! Every one, even Toyota and Honda dealers! I'm seeing some real low prices on used cars also ... How can auto stocks stay so high when dealer lots are full? Or is this just an anomoly here in Hawaii, just in Hilo? Also who is this private entity that bought Chrysler and does Lee Iacocca or the US government own part of Cerberus?

Kaimu, I reported just the other i was on a test drive binge this weekend and can concur that in the nyc area and nj, dealer lots are at capacity! I would not want to own a car dealership and walk into work everyday with a mountain of cars to sell. Gas prices aren't helping any either.

Re: Reality in housing

For foreclosures i believe its more those families who bought too much home on the undeniable lure of providing for themselves and for their family. they prob took a home equity loan for a nice car too. now their mortgage has adjusted and can no longer pay. I believe the media is associating housing glut with flippers to confuse us. the real problem is much deeper and wide spread.

For flippers who are smart, i believe they can get out without too much loss. if a flipper gets in phase I of the expansion, they can usually at least break even or loss 5% if they cant afford the mortgage. When i was shopping for rental homes 2 yrs ago i was swimming amongst those buying 2-6 homes at a time to flip. worst case is they can get renters to pay the mortgage. Many who i have kept in contact with are fine.

Again i believe these foreclosures are more the families mis-managing debt living in a home they shouldn't have bought in the 1st place. and looking at how the American consumer prefers to use debt and not save, this is only the beginning.

and now GFI is at 17.40? guess it hit the AZ 13 minutes ago and everyone's buying..

ALOHA !!

I just had a thought about the Chrysler buyout! I'll bet SNOOP DOG is behind it!! With all the money he gets from their commercials he can afford them! HA!

Sad to say but usually job lay-offs happen after takeovers!

redclaydawg, or NYUgrad: does the scottrade time & sales allow for singling out the block trades, or do you simply have to stay glued to the thing for the whole day, in order to see or record the blocks? I have ETrade, which also offers time & sales, but from what I can tell, there's no way to set it to only report the trades about x amount. I, too, am looking for a service with block trade capability, so if anyone comes up with one, I'd be interested.

Maggie

Oops, "trades about x amount" should read "trades *above* x amount."

M.-

CTSH down 1.8% on fairly heavy volume and no fresh news. First time around SMA since October 2005. Building a position...

Just (from Portugal)

Bill, regarding housing -- it just keeps getting worse, imo. I've been bearish for a long time, and take no pleasure in watching this unfold.

This weekend, I checked Zillow for some recent sales in my neighborhood and was surprised to find what were probably 2 short sales in the last 3 mos. Both homes were sold in 2006 at the top of the market, and then sold in 2007 for $100-200K less. And my area has had no more than 3-5 sales per month this year. This is an awful situation.

Some nice homes are selling, but activity is way down from last year. FWIW, I live in a SF East Bay community that many say is so desirable that a correction will not happen. Indeed, it is happening.

Forget the home builders for a moment, right now it's the lenders that have been way overbought, especially the Alt-A lenders like CFC, DSL and IBM. I believe they will sell off considerably over the next year.

any ideas why ANV and VGZ getting pounded for the past week? why don't people like the spinoff?

Happy Monday,

Anyone got anyone on the inside at the NY hard assets conference? KRY is supposed to speak.

Chris

Someone doesn't like what's being said....

KRY down .53

Bill, quite to the contrary Richard Russell has been bearish for quite some time.

see article -

By Mark Hulbert, MarketWatch
Last Update: 10:38 AM ET May 8, 2007

ANNANDALE, Va. (MarketWatch) - Has Richard Russell finally thrown in the towel on his long-standing bearishness?

http://www.marketwatch.com/news/story/dow-theorist-sees-unprecedented-world/story.aspx?guid=%7B0F3873D5-A9E3-41B0-A600-79472399FD41%7D

Many times the stock simply does not move on a block trade. Does that mean the block trade was between institutional guys and gals. And there was no need to sell it in open market.

Is that a bullish, bearish or no sign for the stock ?
TIA

Dear Bill,

What did KRY say at the conference?

Chris

Maggie, check out the demo

http://tinyurl.com/2pfqk4

You can also see the data historically i believe.

Any idea what triggered the KRY fall to 4.29 in less than 1 minute? and then the recovery to the 4.65 range again? We were seeing 4.9s earlier in the day... but no news on the public wires yet.

craig,

did you get a chance to catch the BMD conference call?

Faz,

Kry spoke at a conference in nyc, and obviously said they didn't know when re the permit. I bought on the drop, by the way, not as low as I should have, though.

Chris

Price of gold appears to be falling for the moment. Perhaps this has something to do with KRY?

Maggie

NYUgrad: thanks for the link to Scotttrade Elite. Pretty spiffy demo. From what I can see, it is very similar to ETrade's T&S screen.

Maggie

2nd,
No, I had to be away for a bit but read the earnings reports this AM beforehand. I see heavy snow loads slowed ops but the price per unit was high and income from hauling. I expect the same sort of situation for farmers this year as the spring weather is cooler than normal. IOW road season and planting will be late.

Were you able to listen, and if so, any salient points? Price seems to be holding after a bit of a drop then a spike, then back again.

I'm not having a great day.... mpel buys well under H2O, PM's like UXG getting hammered.

WGDF looking statuesque though.

Under desk, trying to keep faith.......

RE: KRY: am seeing some similar selling action in other, recently run up stocks at around the same time this morning. Perhaps it is noon-time profit taking, safely ahead of options expiration. Long: KRY.

Maggie

COT
I'm trying to understand better the "commercials" COT. Do you have any experience about buy/sell signals from those data?
I found this site http://cotstimer.blogspot.com/
with some interesting comments about this little COT thing.
Hmmm... maybe I'm just looking for any crystal ball to tell me what my gold will do tomorrow ;-)

it is rare i catch block trades on kry but here is a 250,000 block on the uptick (AMEX).

http://i2.tinypic.com/4p4ykn5.jpg

Hi Guys,

All I found was a charming little anecdote about oil well nationalizations.

Venezuelan state oil company PDVSA will take over operations of 18 oil rigs currently run by foreign companies, the nation's oil minister said in comments published in local media on Monday.....In addition, I'm sure that something was said at the conference regarding the permit, or lack thereof. This break is unusual a bit in that there is no quick recovery, and my position is underwater. Anybody see my rubbers?

Chris

I went back to a list junior miners by Bill.
HMY's chart looked the best to me, among the ones not held. Picked up a partial position 15.63. In today's clobbering, good relative strength. ps in foxholes and underdesks faith is largely overestimated. i personally prefer a watering hole....or, swimming for stress reduction which is where I am going now.

Craig,
uxg is having a secondary offering...often that does not help.

Re: KRY

At this point GRZ at 6:36 looks like a better buy with limited downside.
I think people where bidding up KRY in anticipation of permit this morning.
KRY could easily go below 4 from here.

Thank you Jasper, I saw that. Combined with a down day for gold it gets a little ugly for a while. Unless you're buying.

the action on KRY just underscores the advisability of chris' strategy of trading the spikes. anyone who is "all in" KRY on a day like this...how do you handle it?

MPEL was downgraded today due to a delay in opening some of their upper scale highroller rooms at the Crown Macao opening. Earnings Tuesday.

"GRZ at 6.36" - a falling knife. Now at 6.30. Better wait till it stabilizes, bases, and heads UP.

Curious though that GRZ (with permit) goes straight down, while KRY (without permit) bounces back from its suspicious fall of this morning.

In light of today's action I think that GRZ is going have a tough time raising the capital that they've proposed.

Fred

Anyone use financeyahoo.com? I'm finding that they are no longer remembering my stocks and they have dropped all techical indicators from there charts, so I can't look at RSI, etc. Is it just me or are others having the same experience?

Good afternoon, Bill.

There seems to be a bit of fear and loathing in regard to the PM stocks. I've noticed many Mondays are weak for the PM stocks and it could just be extra pressure due to the CPI announcemrnt tomorrow. I nibbled on some more SLW but really hoping it can stay above 11. GRS getting another beatdown.

Crunching on some more ICE. Bought some JBX as an earnings play.

Help me understand. How would one day's price action impede GRZ's ability to raise capital? A slightly better deal for buyers I'd think. And wouldn't loans be a function of the feasibility study plus regulatory situation?

Jock,

As I see it, GRZ is issuing 16 million shares and have based their estimated capital to be raised on approximately $7 US a share. I think that the shares will have to be issued at a slight discount to the market to clear them all. I'm long GRZ but, see the price volatility as creating a tough time to raise capital.

Fred

In SoCal it is just as much flippers (floppers) that are foreclosing as families upside down and in debt, if not more.

Many of these foreclosures were actually planned. A huge amount of fraud was going on, where a group of 5 people would each buy a house; then they would flip it to their designated "flopper", who, with the ridiculously easy lending available, would have no problem getting the $5 million in loans needed. The flopper would file for default almost immediately; he had no intention of ever making a payment. The group splits the proceeds from the 5 flips. 5 new foreclosures on the market.

I believe this was going on far more than people realize just yet.

Jock:

"GRZ at 6.36" - a falling knife. Now at 6.30"

I get in trouble often by trying to catch falling knifes. Can you plase explain techniques you use to idenitfy this.

KRY's lunchtime collapse from 4.80 to 4.30 represents a loss of -10.5% from the previous close, which means anyone with 5% and 10% stops would have been shaken out. If you weren't at the investors conference, you might think someone had said something catastrophic there, but remember, KRY management cannot reveal that kind of material information to a few people in a conference room. They must publically announce such things. Next, look at the timing. KRY trades lightly during lunch. If you want to offload millions of shares while maximizing your profit, you won't do it a few minutes after everyone has left for lunch or all at once. Indeed, the entire drop was created with only 800,000 shares. So why trigger the raid during lunch? If fewer people are at their desks, then you have less competition as you scoop up all the apples you shook from the tree.

JogyP:

The basic idea is not to buy something when it's still in a downtrend. You want to see it stop falling, "base" for a while (how long depends upon your timeframe) and then show signs of going up. Neither investors nor traders want to buy a stock whose price is going down ! - Traders, when they do buy, also want a nearby low under which they can place a "stop order" (which will sell them out if the price falls below this level). Do you recall Bill's having written recently that when a Cara 100 falls into the accumulation zone, you generally wait till it starts up and out of the zone to buy?

If you haven't read some basic material on how to do this (and how to establish risk controls via stops) I would do so before trading. In my view the best overall treatment of trading is Alex Elder's Come into my Trading Room from 2003. Others, no doubt, have their favorite sources, and lots of opinions on this are available on the web.

Alex'es books take some time to work through, but you will have a better chance of avoiding ruin, and of becoming a good trader with serious, somber materials like his, rather than "dream-weavers".

When Bill's book comes out I intend to study it inside out, and recommend that you do the same.

Good Luck. And remember controlling risk (either through stops, or through constant attention) is CRITICAL to your survival as a trader! - Jock

"Indeed, the entire drop was created with only 800,000 shares. So why trigger the raid during lunch? If fewer people are at their desks, then you have less competition as you scoop up all the apples you shook from the tree."

It looks like quite a few trees in the miner orchard got shaken violently today. ;)

If GRZ goes much lower why doesn't Fung and Co simply buy the permit by raising money to buy GRZ?

Hi Bill,
Count me in on the squawk box feature. I *need* it.

Not too good a day for this trader.
Stopped out of MPEL as I'm not willing to go into earnings already down.

PM's all sucking except WGDF.
Down on UXG. Not too bad with GLD.
-------------------------------------------------
2nd:
Down on a small position in BMD. (now BFE!) but small enough to stand the current situation. I think it's early with limited downside and good upside. Comments? IOW, I'm staying long BMD.

Is it Friday yet?

JogyP:

Not that stoplosses are a panacea. Skrymir's entry above on KRY suggests how traders can "farm" holders' stops -- like mine by driving price down temporarily. But at least I made a little $$$ on this last trade of KRY.

Bill in response to your posts per P.M. prices, the correlation of fed. repo activity in monetizing demand OF EVERYTHING has atleast some validity. Also ECB and others selling are anticipating possible C.T. unwind via JCB meeting this week. This last or final run higher into June 13/15 (i.e. next wave up) sounds viable but noting how fundy's have been perfect while $ 700 continues to be the line in the sand assuming carry trade stays on perhaps we test
$ 630-$ 659 in S.T. with upper limit channel around $ 710-$ 715 (see Gnazzo latest piece in SafeHaven). Hence resistance would be around 1460 for S/P mid June!

Fascinating discussion on coal via bubblevision currently; coal actually getting alot more attention lately noting status quo. Hence will North Americans pay 3X as much per Kilowatt hour (as Germans do) to reduce carbon emmisions? Its rather sad all this opposition to coal noting the abundance of supply here at-home. Now that Bush's cronies got theirs per the pork barreling of ethynol who is next? Suppose one would need to see how many GOP's votes there are in coal states as compared to Texas. Rome is burning!
:)

Jock:
Thank you for your explanation. I plan to pick up the book today.
I try to follow those things, but I thought for stocks like UXG, KRY and GRZ rumour, news and POG have bigger impact on the price movement.

if you have more tips for me send it to minijogy@yahoo.com

"outlook drives price. Existing fundamentals support price. Technicals reflect the negative or positive sentiment of the moment. If outlook predicts a higher price and sentiment is negatively impacting price, you probably have a buy. If outlook suggests an overvalued security and the sentiment shows a very positive looking chart, you probably have a selling opportunity. Sometimes, outlook, technicals, and fundamentals are in harmony and you likely have a "hold" in that case"
--borrowed from hopeful200--

She wouldn't ever do it so I will. (As many know I am not the shy, retiring type) A visit to "Leisa"'s blog shows that she ended up in the top 3% of traders in the CNBC Million Dollar Portfolio Challenge. A nice tidy 29% return from start to finish. Way to go Leisa!

Coal = interesting stuff.

I have been long CNX since the double bottom in January. It has been a strong position for me this year. CNX's story is that it has the best vertical integration for coal gasification.

But coal is concentrated in 3 politically unimportant states, so we are going to get corn ethanol, no matter whether it starves the rest of the world or not.

Also long ANR since it broke out above 16. This one has been a nail-biter, chart has not shaped up all that well. Regretting this trade a bit.

I am told that whereas XOM is valued at $3.50 per million BTUs of energy of its proven and provable reserves, Peabody Energy (symbol: BTU - didn't want to confuse with the unit of measure) is valued at *7 cents*.

I would hold off for a bit.... MEE got hit with a multibillion pollution lawsuit today, not sure if others will be affected or not. The market seems to be saying it's company-specific because they all closed up.

Another interesting note is, if you listened to the replay of the MDR con-call last week, the extent to which new coal-fired plants are being built here and abroad is pretty incredible.

Almost all coal is moved by rail. NSC is bound at the hip to east coast coal. BNI is Powder River Basin coal, which is low-sulfur and "greener," if you will.

If I had new money to put to work in this sector, ACI is a pretty constructive chart that isn't too far above a base.

Zack -

The downside of coal: CO2 and lung-wrecking sub-5micron particles.

Fared Zhakaria wrote in Newsweek that China and India will build soon 800 coal-fired electric plants which will emit 5 TIMES the C02 that Kyoto is supposed to reduce!

AND, small soot particles are BAD for our lungs. A big run in BTU stock would be small consolation !

PS: This article said clean-coal technology is not even ready! - Why not? What could be more important to complete, and GIVE to the Indians and Chinese ...

cough, cough ...

Bill-

My apologies for my Sept 27th comments.

riskarb

I was hoping Bill or one of the regulars could give me some detailed thoughts on a couple of tactics. I have been a reader of the blog for several years and want to expand into option trades as Bill has described and I feel a bit embarrassed to ask the following questions:
1. I can not seem to grasp the concept of income and premium from using an option strategy to accumulate stock in the AZ and distribute in the DZ.
2. Could someone describe strategy in choosing strike price (I'm assuming this would be based on historical price trends and the stock price a person would like to enter the "trade") and how to choose the optimal option expiration date.
3. I would love to hear thoughts on money management and how it relates to percentage of capital in full positions, tactics on scaling in and out of positions etc.

I am not a day trader or even much of a swing trader as I am working 80-100 hours a week.

I would like any thoughts you all have
Thanks
Jim

gold ang gold miners beginning to scare me.
Where is g034?

Dear Bill,

RE: KRY.....Last trade I see tonite in KRY went off at $4.94 up .40, which should give longs cause for encouragement.

Chris

“Had Bernanke not turned on the printing presses to goose the US equity market last July, I believe inflation could have been beaten.”

M2 certainly took off last July, but that wasn’t Bernanke. The Fed controls the monetary base, the growth of which has actually decelerated year-over-year, from 4.9% last July to 2.0% in April.

http://tinyurl.com/3dqbsb

A little humor for all your KRY folk .

http://www.stockhouse.com/bullboards/viewmessage.asp?no=14807938&tableid=0

http://www.energywatchgroup.org/files/Coalreport.pdf

interesting coal report - not for short term, though.

WFMI last trade 39.35. I am playing with the thought of Jan 09 40 strike and then writing short term calls, as well as selling Jan 09 40 puts to offset the cost of the calls.

Craig- BMD conference call was pretty dry, hard to stay with it, but learned a few things.

New President/COO has been a shareholder for about 2 years. His initial impressions during his first two weeks on the job include the loyalty (against the backdrop of a "fast" job market in Calgary) and integrity of the employees, as well as the the high quality of the product ("becomes obvious when you see it and walk on it")--well, what else is he going to say.

Proximity of the quarry to the end market ("location, location, location") allows for higher margins.

In the Industrial Materials Division, they have so far only been selling mainly Aggregate for construction. Expect to be selling Manufactured limestone products (quicklime, cement) by the end of '07. Environmental Remediation Division in the regulatory approval process.

The higher revenue figure (8.02/tonne in 1Q07 vs 3.24/tonne in '06) mainly due to improved sales of higher margin products.

Number of employees now 32 versus 15 in '06. Number of quarry operators now 14 versus 2. Operation has gone from 12 hours to 24 hours per day. Jarding impressed with seeing fully loaded trucks driving onto the scales every few minutes.

Total revenue for 1Q07 approximately equal to revenue for the entire year '06.

Employees and officers exercised 1.5m in stock options @ average price of 0.30/share.

Starting a very busy summer construction period. Peak season from July to late October. Difficult to estimate peak demand, but Abercrombie commented that they should see in excess of 20,000 tonnes per day over the next few weeks, and it should go up from there.

So no revelations. I think it will pay off to stay with the stock. Not adding at this point, but still positive on the potential. Try Googling Davenport (one of the covering analysts) over the next week or two for possible target price.

Here's a link from September '06 that may bolster your confidence: http://www.investorideas.com/insiderscorner/Articles/092806.asp

Good luck.

Bill as you know I have mentioned MRB here for many months now, again I believe it is a worthy candidate for your Micro 100 list. Please see the action in the stock last few hours of trading Monday-this is going MUCH higher!

Also Bill I realize the HW (850 mil. mkt. cap.)chart has the uglies, however note there is your typical arb. action via a convert. note floated in January combined with the "rhetorical: vice of a possible tax credit loss next year. The following is from Jeff Saut per the technology under the hood at HW (IMO this is more of a long suitable for IRA's, etc...I.E. this is what VLO looked like 10 years ago):

The following article was written by Raymond James Chief Investment Strategist, Jeff Saut. It has been reproduced with permission for the benefit of the Minyanville community.

I spent last week in New York City attending conferences and seeing accounts. This week I am in Toronto doing the same thing. Nevertheless, last week began with Raymond James’ “Canadian Oil Sands Conference.” My firm has embraced the Oil Sands theme for more than five years due to our belief that we are approaching the point of peak production whereby the world will begin to consume more crude than can be found. The logic of this view is not rocket science, but the simple assumption that all that has to happen is for the “Chinas” of the world to go from one barrel per capita of consumption to two barrels (America’s per capita consumption is north of 20 barrels). While hybrid cars, solar, wind, ethanol and other alternative fuels will help at the margin, they cannot possibly ramp fast enough to offset the demand from five billion new entrants into the 21st century.

The implications of this are significant and will cause a sharp reallocation of crude oil supplies. For example, since there is no near-term, readily available alternative to gasoline, electric utility companies will need to switch from burning crude oil to other fuels to divert their oil for the world’s burgeoning gasoline needs. We think this has very positive ramifications for coal, clean coal technology, coal/natural gas to liquids technology, as well as nuclear energy.

Bill per my last post re: HW, see Jeff's last paragraph.

China down 4 %. Other Asian stocks markets also down. EU markets also open down.

Synchronized global growth. Oh Yeah !

Congress to press China over its undervalued currency

Legislators target nations that manipulate their money. Critics say it's the wrong approach.

The legislation would slap tariffs on countries whose industries benefit from currency manipulation and force the Bush administration to hold China accountable for violating past trade agreements that bar currency manipulation.

Although forcing the Chinese and other Asian governments to adjust their currencies would raise prices and interest rates for U.S. consumers in the short term, some economists said it would reduce the trade deficit and increase the market for U.S. goods in the long run, mitigating the initial costs.

http://www.latimes.com/business/la-fi-currency10may10,1,5859218.story?coll=la-headlines-business&....

-----

America- the most competitive country in the world. Well it does not work any more. Bring in the tariffs. Oh Yeah !

re: KRY

It looks like they reported financial results which were not particularly compelling.

MarkM thanks of the mention on my fantasy portfolio.

Dear Leisa,

Kudos are definitely in order for your awesome performance in the CNBC challenge. I thought about competing, but I determined that to do so would distract me from my appointed task of losing actual, real-world money. Tell us...What stocks were your major positions?

Chris

Congrats from N2S on your success with the CNBC contest, Leisa.

Re KRY, did you expect any different? After all, they aren't producing any gold yet.

Hi all. I kinda have a rant about Groopman and his "How Doctors Think" on my site today. Whatever. It sure won't make any of us any money.