Cara's Commentary & Community Chat, Tues., Feb. 10, 2009

[7:43am ET] Interesting word, leadership. I have talked about it in the market; it’s been mentioned here a lot with respect to corporate CEO’s and politicians. Without leadership, all the work at planning, organizing, controlling and directing, go to waste. Wealth is lost. Spending serves one master, inflation.

But, insert a quality leader, and the army is able to march forward. Goals and objectives are accomplished. Wealth is built. Economic conditions stabilize.

Anyone who watched the one-hour first press conference of America’s new leader had to be impressed. The headlines today read,


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aucourant
Guest
aucourant

Interesting article and discussion on Seeking Alpha of this company and its CEO Dr. Economu. I realized how ignorant I am in general in reading both the article–which almost had me convinced–and the discussion afterwords, which was very dissuasive. I went away with the feeling that it is the jockey, not the horse, that one should focus on, paraphrasing Bill. The article kept arguing that we should trust Dr. Economu to do what is in his own interest, even if there is reason to distrust him based on prior treatment of shareholders. Red Flag, Red Flag! In any event, it’s… Read more »

Grym
Guest
Grym
vinod
Guest
vinod

yaba They announce yesterday Feb 10 (Reuters) – Dendreon Corp: * CEO says blinded new data from ongoing phase 3 study of provenge raise no red flags * CEO says blinded new data from ongoing phase 3 study appear on track to confirm positive results of earlier phase 3 study * CEO says pooled blinded survival data from placebo, provenge arms of new “impact” trial are similar to data seen at same 2-year mark in earlier “9901” study * CEO says trend boosts confidence that final data, to be unveiled in April, will replicate earlier positive results * CEO says… Read more »

Ron Sen
Guest
Ron Sen
swissrobinson
Guest
swissrobinson

Following remarks here vis-a-vis Geithner’s speech yesterday – took a look at it as well, thank you for the link. What I don’t fully understand is what unfreezing the credit markets will achieve? The US economy is consumption based and the consumer is tapped out. They cannot afford anymore borrowings. Combine that with enormous job losses, which will continue this year. Earnings will drop further or at best remain stagnant, because the consumer is not consuming. What, best case scenario is that people might be able to keep their houses – if they can pay the mortgage? (This suggests that… Read more »

jock
Guest
jock

Fransix –

I believe you are confusing Gold Resource (GORO) which explores with Mexico with Gold Reserve (GRZ) which has been developing in Venezuela.

Also, I doubt that Chavez would abandon Rusoro for GRZ in a fit of pique. Chavez has made major state-to-state commitments with Russia (indeed directly with Putin) jointly to develop resources in Venezuela including gold.

In Russian delegation to Venezuela, Polyus – Russia’s largest gold miner – was represented.

David
Guest
David

are steadily but slowly rising during the initial hours of trading, which in the past led to a positive open the next day (and often a positive close as well).

Placing a buy to cover limit order at $39.50 for the 40 FAZ shares I shorted today at $49.50.

NYUGrad
Guest
NYUGrad

Mark, copy the entire URL. got to http://www.tinyurl.com. paste the url into the box then click the button “Make tiny url” then use the url generated. Here is your Bloomberg article. http://tinyurl.com/blhvem There is even an easier way but a little more advanced. I don’t know your level of knowledge but you can also drag the tiny url application onto your favorites. So whenever you are on the webpage you want to make a tinyurl for, you click the favorite you dragged and it does it. that link & instructions can be found here: http://tinyurl.com/#toolbar Regarding that article; we should… Read more »

Mark Barry
Guest
Mark Barry

Hi NYU- I can’t figure out how to post web pages, but there was a curious piece in Bloomberg about China looking for “guarantees” from the US regarding treasures. I think the community would find it interesting.

NYUGrad
Guest
NYUGrad

I really wished he made it all the way. I would have voted Ron. Or at least as Treasury Secretary.

http://tinyurl.com/dfjtqe

FranSix
Guest
FranSix

I wish the morons at the CBC would do some investigative journalism on the market corner in oil. If anything affects the Canadian economy it will be sluggish oil prices. But Canada is still in the very beginning of the collapse of its housing bubble, so they have no meat on the bones of the story unless Canadians are out on the street.

A monthly chart of Toronto housing prices is available at Getting Technical.com. Its probably the only source:

http://www.gettingtechnical.com/01_home/index.shtml

Just getting started.

Chickenpookie
Guest
Chickenpookie

Damn, no details whatsoever, and to think I was expecting him to announce something progressive, like the abolition of the Fed….

tango6
Guest
tango6

This is an emotional CBC news broadcast but, despite the dramatic music (producer gone nuts) the story is well researched and explains part of the male bovine excreta — concerning the wall street scandal and insufferable Canadian smugness about being immune from the crisis.

http://www.cbc.ca/sunday/2009/01/010409_1.html

Mark Barry
Guest
Mark Barry

“Patience, Mark,..” Yep, you got me pegged! If I can over come this (life long) issue through trading discipline, my whole family will have to buy the community a beer. I’m just learning and value the input. I thought today was my best trading day overall. I let things come to me and although I got clipped for 2%, I feel I am in better position than this morning. BTW, no patience=high beta.

Vadym Graifer
Guest
Vadym Graifer

That spike was news-caused:

03:31pm [DNDN] CEO: Data from continuing Phase III study raised no red flags for Provenge, blinded new data seem to be on track to confirm results of earlier Phase III study

I got my quick 30 cents out of it, that’s how I know 🙂

Illini
Guest
Illini

“I know this isn’t a board for mutual fund investors, but I’ll have you know, a close personal relative of mine is 2nd in command at a huge U.S. mutual, and all I can say is, people would be awestruck at the way their 401-k money and pension money is being mismanaged by these ego-monkeys. The dumbest person on here can out-think the average mutual fund manager.”

Posted by: shark_attack [TypeKey Profile Page] at August 1, 2007 10:15 AM [link]

Thanks Shark for the insight. I been crusin for pithy past posts and this is a good one.

Keep it up.

Mackinaw
Guest
Mackinaw

“However, this seems like a game plan that could have been worked out a couple of months ago and the details should have been presented today.”

Let’s not forget that the Treasury, like any investor, does not want to be too early to make their move. How would it look if they took a huge position now and the market had a sudden sharp drawdown, say, on some unexpected news or data? A (short-term) failure of their “trade” might be an especially horrible blow to investor confidence. Patience, Mark, …

FranSix
Guest
FranSix

I would say that Rusoro offered shares instead of cash. This scuttled the deal from the outset. Its very possible that the Chavez regime will take umbrage that Rusoro can’t live up to its aggressive claims and turn around to offer a sweetheart deal to GORO.

Mackinaw
Guest
Mackinaw

“Today happened because the markets (you and I) sent a simple message to Washington: …..Namely……….. “WE DON’T BELIEVE YOU”!” (or some 8-letter profanity) Nah. Markets sold off today because we are in a trading range and are likely to remain so until some good economic news lifts us to a breakout which will probably signal the start of a new multi-year bull market. Economy is not yet signalling lift-off time so Geithner’s speech is as good as the next thing to – what was that cute phrase CP used the other day, “smack the mole”? After all, we were at… Read more »

shark_attack
Guest
shark_attack

Since it isn’t a question of stocks going up or down based on anything but mass psychology, I see today’s action as being just a good healthy selloff based on the idea that our main economic problem (homes cost too much, large percentage participation in the market, not enough new buyers with the means coming along to pick up the slack, not to mention no one in their right mind would lend in such an environment even if they had money TO lend) came nowhere near being addressed. When mass psychology improves stocks will rise. Today happened because the markets… Read more »