Archive

Archive for May, 2011

FA Notes May 31, 2011

May 31st, 2011 No comments

NOK – Nokia warns Q2 earnings will be “substantially below” guidance. Link

CCJ – Germany decides to shut down all its nuclear power plants by 2022. Link

GS – Goldman lost 98% of Libya’s sovereign wealth fund’s investment. Link
”early 2008, Libya’s sovereign-wealth fund controlled by Col. Moammar Gadhafi gave $1.3 billion to Goldman Sachs Group to sink into a currency bet and other complicated trades. The investments lost 98% of their value, internal Goldman documents show.”

Euro – Germany considering backing down on demand to reschedule Greek bonds. Link WSJLink2

ATVI – Activision will launch a premium pay service for Call of Duty called Elite. Link

NVDA – CEO says Tegra will surpass its GPU business in the future. Link

Corriente Advisors’ Mark Hart bets against China. Link

NYTimes reports China’s economy is slowing. Link
”Our business is down 30 to 40 percent, we’re losing money every day,” said Li Chuanlian, the manager of a store that sells stoves.”

Hedge funds use FXI options to bet for and against China. Link

Jeffrey Gundlach of DoubleLine is bearish on the economy. Link

Robert Rodriguez of FPA Capital says we will have another crisis. Link

Today’s POMO $1.5-2.5 billion
EB- NOK

Categories: News

CNBC’s 1 Hour Tribute to Mark Haines. Rest in Peace My Friend

May 28th, 2011 No comments


Categories: News

FA Notes May 27, 2011

May 27th, 2011 No comments

EBAY GOOG – eBay sues Google for stealing mobile payment trade secrets. Link

Blackjack player wins $15 million from casinos. Link

Tennis star Stefan Edberg finds success trading bonds. Link

NYTimes on the audacity of the billion dollar Longtop Financial fraud. Link

NYTimes on David Einhorn’s bet on the Mets. Link

Today’s POMO 0

Categories: News

FA Notes May 26, 2011

May 26th, 2011 No comments

Jobless claims 424K vs. 404k est.
Q1 GDP 1.8% vs. 2.1% est., price index 1.9% vs. 1.9% est.

ECB may have more leeway on Greece restructuring than rhetoric says. Link

Euro – “Euro gained ground against most other currencies after European Financial Stability Facility Chief Executive Klaus Regling reportedly said that China and other Asian central banks are interested in buying EFSF bonds, which are expected to be issued in June” Link

F-35 fleet will cost $1 trillion over 50 years. Link

Today’s POMO $5-7 billion

EB+ TIF
EB- BIG

Categories: News

FA Notes May 25, 2011

May 25th, 2011 No comments

EBAY – WSJ reports Bank of America, Wells Fargo, and JP Morgan to launch online payment service to compete with PayPal. Link

SNE – Sony may cut LCD TV targets by 20-30%. Link

Zynga is about to file for IPO soon. Link

Interview with Jim Chanos on his China shorts. Link

2010 Ira Sohn stock picking performance. Link

Today’s POMO $4-6 billion
WSJ Burkle out-gunned by Liberty on BKS bid? Link

Categories: News

FA Notes May 24, 2011

May 24th, 2011 No comments

Tepco admits fuel rods in reactor 2 and 3 had meltdowns. Link

SJM – J.M. Smucker raises coffee product prices by 11%. Link

Euro – Moody’s says a Greek debt restructuring would affect the credit ratings of other European countries. Link

Yandex, Russia’s leading search engine, will sell 52.2M shares to raise $1.3 billion. Link

Goldman is once again bullish on commodities and oil after saying sell last month. Link Link2

Euro – ECB governing council member rules out restructuring of Greece debt. Link

Tiger Asia is down 16% as of mid-May due to its short exposure. Link

Fusion-io wants to go public at a $1.2 billion valuation. Link

Mutual fund cash balances are at record lows. Link

Today’s POMO $5-7 billion

Categories: News

FA Notes May 23, 2011

May 23rd, 2011 No comments

New York Times article on the euro-zone crisis. Link

Michael Jordan stories. Link

Fusion-io IPO filing. Link

SPY – Barton Biggs is still bullish. Link

AAPL – Foxconn “explosion” Chengdu plant made 25-30% of iPad 2 devices shipped in April. Link

AAPL – Report that iPhone 5 will use curved glass. Link

Euro – Greece readies crisis-fighting steps. Link

Euro – Spain’s ruling Socialist party gets routed. Link
”45% of young people are out of work”

Today’s POMO $6-8 billion
WSJ negative on AAPL for not doing better on cash returns. Link
WSJ Congressional investigators look at SAC options trades. Link

Categories: News

FA Notes May 20, 2011

May 20th, 2011 No comments

ECB threatens to stop lending if Greece changes terms on debt. Link

WSJ says new Spanish government will likely find tons of “secret” debt. Link

FrontPoint to shut down most of its funds. Link

MU SNDK – Demand for flash and memory continues to be weak. Link

Larry Summers worries about a technology stock bubble. Link

BKS – Liberty Media bids $17 in cash for Barnes & Noble. Link

LNKD – SecondMarket LinkedIn price history. Link

LNKD – Whisper estimates for LinkedIn during IPO roadshow. Link

Today’s POMO $6-8 billion
WSJ negative article on LNKD Link

EB- ARO GPS

Categories: News

FA Notes May 19, 2011

May 19th, 2011 No comments

Jobless claims 409K vs. 425K est., 434K prior

BIG – WSJ says the company decides not to sell itself due to bid not being high enough. Link

AAPL – Report that Apple signs music deals for cloud service with major labels. Link

MCP – China announces to export quotas. Link

Facebook COO commencement speech. Link

CSCO – Report that Cisco might sell off Linksys and WebEx. Link

AMZN – Amazon trade-in now accepts consumer electronics. Link

Red Herring 2011 top 200 most innovative company finalists. Link

SNDK – May NAND flash memory prices down 2-10%. Link

Today’s POMO $1.5-2.5 billion
Today’s Sell-side Goldman downgrades INTC to Sell Link
WSJ negative article on SPLS Link

Categories: News

FA Notes May 18, 2011

May 18th, 2011 1 comment

CCME – Fantastic investor letter from hedge-fund that killed it shorting Chinese frauds. Link

BIDU SINA – CLSA is bullish on Chinese internet stocks like Baidu, Tencent, and Sina. Link

AAPL – No LTE iPhone in 2011. Link

AAPL – Apple lowers iPhone 4 shipment volume due to anticipation of iPhone 4S launch in September. Link

NYTimes on the consumer PC slowdown. Link

NVDA – Nvidia CEO says there are at least 10 major design wins for Kai-El chip. Link

Vanity Fair profile on Zynga founder Mark Pincus. Link

More insider detail on the Bin Laden raid. Link

MSFT – Bill Gates supported the Skype acquisition. Link

Today’s POMO $1.5-2.5 billion
WSJ Negative article on HPQ Link

EB+ SODA
EB- SPLS
Dell revenue miss, but great gross margins and full year operating income growth guidance.

Categories: News