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Periodicals Wrap-Up for Thursday, August 21
By: Wang's Happy Trading   Thursday, August 21, 2008 9:51 AM
Symbols: AAPL, ACI, AGU, AIG, AMLN, BNI, BTU, C, CELG, CME, COWN, CRM, CS, CSCO, EOG, EVR, FCL, FCX, FNM, FRE, GOOG, GYMB, INTC, LEH, MDS, MEE, MER, MON, MTU, NOV, NTDOY, NUE, NVDA, NYT, RIMM, SLB, TBHS, UBS, VLO, WLP, WMT, YHOO

for the treatment of patients with all five French American British subtypes of MDS. VIDAZA is also the first and only drug to show a statistically significant and clinically meaningful extension of survival in higher-risk MDS patients.

Wellpoint-WLP initiated with a Buy, target $60@BOFA
Banc of America expects shares to expand from near trough valuations

American Int’l-AIG: Believe capital raise concerns are overdone@SBSH
Citigroup believes with the stock around $20, the market is discounting a capital raise of more than $20B. They think AIG could find capital relief through an asset sale and that the bear case for Q3 results is more than priced into shares. The firm maintains a Buy rating.

Amylin Pharma-AMLN removed from Conviction Buy List; maintain Buy@GSCO

Massey Energy-MEE upgraded to Buy from Neutral@UBSW
UBS upgraded ACI, FCL, and MEE based on valuation. MEE price target $77.

Fast Money position recap- First Moves: Guy likes SLB, Joe likes VLO, Pete likes USB.
Macke Owns (CY), (MSFT), (WMT); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (AAPL) And Is Short (AAPL) Calls; Pete Najarian Owns (CSCO) Call Spread; Pete Najarian Owns (LEH) Put Spread; Pete Najarian Owns (MS) And Is Short (MS) Calls; Pete Najarian Owns (NVDA) Calls And (NVDA) Call Spread; Terranova Owns (AAPL), (BNI), (CME), (EOG), (FCX), (GS), (GOOG), (INTC), (KOL),  (NOV), (POT), (RIMM), (SA), (XLF), (SU), (X), (VLO), (YHOO); Terranova Owns (AIG) Puts; Terranova Is Short Crude Oil Time Spread (Short Dec. 2009, Long Dec. 2012); Terranova Is Long Crude Oil Futures (Dec. 2012).

(Important note on how to use this upgrade/downgrade list with analyst comments and news….you must parse out the factual data (Factual data is the most important) from the opinionated data and always take all analyst comments with a grain of salt. Do not follow blindly with their recommendations. Remember that technicals are the most powerful force in short term direction for stock prices due to the law of supply and demand.)

Think Fractally, patterns are present in the market and nature, both are run on formulas.

Sandbars flow into the Coral Sea at Whitsunday Island National Park in Queensland, Australia.


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