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Seven Potential Short Candidates In Finance

Tue, 27 Oct 2009 13:55:00 GMT

The advent of High Frequency Trading (HFT) makes me believe that financial services sector stocks rank high in the list of stocks shorted regularly and that too in high volumes.[More...]

Seven Potential Short Candidates In Finance

Tue, 27 Oct 2009 13:55:00 GMT

The advent of High Frequency Trading (HFT) makes me believe that financial services sector stocks rank high in the list of stocks shorted regularly and that too in high volumes.[More...]

Best Performing Stock of 2008

Mon, 29 Dec 2008 13:58:00 GMT

I used to, and will one day return, to posting the best performing stocks of the week - but the wicked volatility and "student body left" trading of the past 4 months has made it a moot point. Everything must either be bought or sold, as stocks are either deemed "good" or "bad" that hour, day, or month. The herd piles in, or piles out - regardless of sector, style, fundamentals. It's been a market of asset allocation not individual stocks much of the back half of the year. I like to look for relative strength and ride sector/company trends for the longer term - this market is not for that sort of investor. This has been for many months a run and gun daytrader environment; not a place for theme investors. With that said, I am always curious to see what stocks held up over the long run... folks, no matter what happens (short of 8%+ rally here in the next 3 days) we are projecting the worst year in the markets at least since the[More...]

Oversold, But Be Ready For More

Fri, 03 Oct 2008 00:09:00 GMT

Looking at index charts, I am not sure whether the term "oversold" has much meaning in relation to our current market. Sure, we may get an oversold bounce, perhaps if we get an emergency rate cut. But lower interest rates will do nothing to solve the underlying problem. Moreover, the market may have already priced in the bailout. We are in a steep decline, and panic has yet to truly manifest itself. Considering the underlying fundamentals, the market is almost certainly overvalued here. We are losing large corporations and wealth at a rapid rate, unemployment is increasing, tent cities are springing up around the country, the taxpayer is under an enormous burden of government debt, and earnings season is on the way. Yet, many homebuilder, airline, and consumer sector stocks are well off of their yearly lows, presumably because lower oil prices[More...]

Post-Bailout Shorting Opportunities

Sun, 28 Sep 2008 22:26:00 GMT

The stock market is likely to get a temporary lift from the bailout. However, with earnings season on the way, expect some dismal forward guidance. Remember that stock prices reflect perceptions about future earnings. The S&P is only 20% off its highs, and many consumer related sectors are well above their lows for this year. Also, short selling restrictions only work for so long, and eventually the market reflects actual value. I have been telling friends and family to make sure assets are protected and hedged against inflation. I am gradually accumulating gold (via GLD and DGP) and Swiss francs (via FXF). As we enter what promises to be an eventful week, I will be lightly invested and watching the post-bailout action, with an eye toward shorting strength in damaged sectors.Airlines look like they are ready to give up much of their big move since July. There is no question businesses and individuals will be tightening their belts.[More...]

End of the Week Thoughts.

Fri, 09 May 2008 20:34:27 GMT

Regular readers know well how I feel about that 3 headed monster known as Cerberus. My last comment back on Dec 18 was as follows;[More...]

Observations and Stocks for Thursday - Mar 19 2008 5:00PM

Wed, 19 Mar 2008 20:55:22 GMT

It was another roller coaster day in the capital markets, with commodities taking it on chin pretty much according to script.[More...]

First Niagara seeks a new charter: Plans conversion into commercial bank from savings

Fri, 04 Dec 2009 11:45:00 GMT

Dec. 4--First Niagara Financial Group will ask federal regulators to convert its savings bank into a commercial bank, giving up a thrift charter that it has held for 140 years.
The Buffalo-based company said Thursday that it will request the new charter from the Office of the Comptroller of the Currency, the Treasury Department division that regulates commercial banks.
Converting First Niagara Bank from a savings into a commercial institution will give First Niagara more flexibility "to serve the diverse financial needs of its growing customer base," the bank said in a news release.

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Seven Potential Short Candidates In Finance

Seven Potential Short Candidates In Finance

Best Performing Stock of 2008

Oversold, But Be Ready For More

Post-Bailout Shorting Opportunities

End of the Week Thoughts.

Observations and Stocks for Thursday - Mar 19 2008 5:00PM

First Niagara seeks a new charter: Plans conversion into commercial bank from savings

First Niagara applying to become a commercial bank

First Niagara asks for change: Thrift company wants to own banks

National City branches becoming PNC this weekend

National City Brand to Disappear

First Niagara Optimistic

First Niagara Earnings Rise on Strong Deposit Growth

The Buffalo News, N.Y., David Robinson Column: Area Firms Lead Charge Back into the Market

First Niagara Financial Closes Common Stock Offering

Sovran Plans $98 Million Stock Sale

First Niagara Brands 95 ATMs in Sheetz throughout Western Pennsylvania

Harleysville National Corporation Reports Second Quarter Results

First Niagara to Acquire Harleysville National Corporation, With $5.6 Billion in Assets and 83 Branches in the Philadelphia & Lehigh Valley Areas

First Niagara Financial Group, Inc. Declares Quarterly Dividend

First Niagara Financial Group Reports 2009 Second Quarter Results

First Niagara Financial Group Reports 2009 Second Quarter Results

First Niagara Financial Group Sets New Date to Announce 2nd Quarter 2009 Results

First Niagara Financial Group to Announce 2nd Quarter 2009 Results on July 23, 2009

First Niagara Added to the Russell 1000 Index

First Niagara Repurchases TARP Warrant from U.S. Treasury

Form 4 FIRST NIAGARA FINANCIAL For: Dec 02 Filed by: JUDGE DANIEL W (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Dec 02 Filed by: BOWERS G THOMAS (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Dec 02 Filed by: Philip George M (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Dec 02 Filed by: Baker Thomas E (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Nov 24 Filed by: JUDGE DANIEL W (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Nov 24 Filed by: BOWERS G THOMAS (10K)

Form 4 FIRST NIAGARA FINANCIAL For: Nov 24 Filed by: Baker Thomas E (10K)

Form 3 FIRST NIAGARA FINANCIAL For: Nov 23 Filed by: Petrey John (10K)

Form 4 Baker Thomas E For: Oct 29 (10K)

Form 4 JUDGE DANIEL W For: Oct 29 (10K)