October 2006 - Posts

• Redhat Drops Its Hat

  Friday, October 27, 2006 3:53 AM

  Redhat got spanked today on news of Oracle’s announcement to offer half-price technical support in an attempt to lure away the smaller company's customers. Here's the official announcement from Oracle and here is the official rebuttal from Redhat. The market didn't like the news with Redhat stock dropping 24% to close at $14 Read More Posted by crazyjim 0 Comments Go to top

• Raytheon (NYSE:RTN)

  Friday, October 27, 2006 2:35 AM

  I don't think it is too late to jump onto some defence stocks yet. Raytheon is a stock that has reported some solid numbers for its third quarter . Here are the highlights from the website. Highlights Earnings per share (EPS) from continuing operations of $0 Read More Posted by crazyjim 1 Comments Go to top

• Oil Prices

  Thursday, October 26, 2006 10:17 PM

  Are oil prices back on the way up? Here's a quote from an analyst that I pulled from this story on oil. "Demand is increasing because of the cold weather," said Steve Rowles, an analyst with CFC Seymour in Hong Kong, referring to expected cold weather in the US Northeast, the world's biggest consumer of heating fuel Read More Posted by crazyjim 0 Comments Go to top

• Cameco Contrarian

  Thursday, October 26, 2006 10:27 AM

  The recently announced drama at Cameco’s Cigar Lake has certainly fired up the Canadian and Australian uranium stocks! My Australian Portfolio has benefited from it. Bill Cara was sharing my thoughts of a possible contrarian play, so I decided to have a quick look at Cameco’s chart Read More Posted by crazyjim 5 Comments Go to top

• Garage Analysis Of Google

  Tuesday, October 24, 2006 2:44 AM

  Last week Google reported a 70% increase of revenue to be at $2.69 billion, and an earnings increase that was 92% higher at $733.4 million. That information is history now and the market has digested the information and marked up Google stock accordingly with Google jumping to $480 Read More Posted by crazyjim 0 Comments Go to top

• Oil Traders Not Convinced

  Sunday, October 22, 2006 12:20 AM

  One thing that really caught me by surprise on Friday was reading about OPEC's decision to cut production by 1,200,000, and then expecting oil prices to reacted accordingly, only to find that the opposite occur. OPEC's press release even showed a table of the agreed amounts of production that each member had agreed to, to make the total 1 Read More Posted by crazyjim 9 Comments Go to top

• Google's Surprise

  Friday, October 20, 2006 12:30 PM

  From memory it was at the beginning of the year that Google Chief Executive Eric Schmidt expressed doubts about the company’s ability to maintain its extraordinary growth rates that the company had been making in recent history. Google stock was at a high of $475, and it was those comments that sent the company into a dive, with Google hitting $331 in March Read More Posted by crazyjim 1 Comments Go to top

• OPEC Cuts Oil

  Friday, October 20, 2006 4:19 AM

  OPEC has cut production by 1.2 million barrels per day. The reduction, 4.3 percent of OPEC's September production, was deeper than anticipated and the biggest since January 2002. It trims OPEC output to 26.3 million bpd from November 1. The chart is from NYMEX , and it's an intraday chart showing oil rise immediately after news of the decision Read More Posted by crazyjim 0 Comments Go to top

• Rio Tinto Benefits From Boom

  Thursday, October 19, 2006 8:51 PM

  Here's an article from AAP on Rio Tinto's (NYSE: RTP) latest half year results . Australia's second biggest miner Rio Tinto Ltd has posted a third quarter production record for iron ore, which jumped 11 per cent to 35.74 million tonnes. It said the record iron ore production was achieved as the Pilbara expansion program continued to deliver additional capacity Read More Posted by crazyjim 0 Comments Go to top

• Expect More From Apple

  Thursday, October 19, 2006 11:47 AM

  You never know what will happen in the future and sometimes you can get surprised with unexpected events but if you ask my opinion, then making a long-term investment on Apple Computer would be one of the safer and more predictable stocks to back your money onto Read More Posted by crazyjim 4 Comments Go to top

• PPI Down 1.3%

  Tuesday, October 17, 2006 3:18 PM

  US Department of Labor have just released the latest Primary Producer numbers and they are down by 1.3% for the month of September, which is welcome news. It was the sliding price of oil that did the trick. Here’s a part of the new release that discusses oil Read More Posted by crazyjim 0 Comments Go to top

• China Keeps Hammering Along

  Monday, October 16, 2006 4:01 AM

  The Chinese growth story shows little sign of slowing any time soon with their foreign exchange reserves hitting 987.9 billion dollars and the trade surplus for the last 9 months already exceeding the previous year’s 101.9 billion dollar record. The trade gap for September narrowed to 15 Read More Posted by crazyjim 0 Comments Go to top

• Oil Rise On The Cards?

  Sunday, October 15, 2006 3:16 AM

  If you go through my blog you will see quite a few posts about oil and the effect it has had on the economy. My most recent post was a little satirical piece about OPEC members being able to come to agreement over quota cuts. Here's a link to a recent Reuters story reporting the issue Read More Posted by crazyjim 0 Comments Go to top

• Stock Manipulation Down Under

  Friday, October 13, 2006 3:50 PM

  It was a hectic and stressful day in Australia today with a prominent newspaper called The Australian Financial Review breaking a major story of price manipulation in a copper mining company called Cudeco, which had recently made a huge copper discovery Read More Posted by crazyjim 0 Comments Go to top

• OPEC Boxing Match

  Thursday, October 12, 2006 5:44 PM

  For the biggest boxing match in living history forget about Ali’s unforgettable Rumble In The Jungle . The upcoming 143rd OPEC meeting is set for an unbalanced match up that will be so bitter that it’ll make history. In the top corner we have the Mad Comrade From Hell, Venezuela’s Hugo Chavez, whose flyweight ranking does nothing to deter his determination to keep oil prices above US$60 Read More Posted by crazyjim 0 Comments Go to top

• OPEC Addicted To Fat Profits

  Thursday, October 12, 2006 3:27 AM

  I have written quite a few articles about oil and the significance that it bears on the economy in general and more importantly its impact on monetary policy, not just here in Australia but also the US and the world for that matter. In late September I wrote an article about the sliding oil price sparking a rally in the US, which has resulted in the Dow Jones making new records Read More Posted by crazyjim 0 Comments Go to top

• Danaher Set To Win Vision

  Tuesday, October 10, 2006 7:57 PM

  Shareholders of Australian Stock Exchange listed Vision Systems (ASX:VSL) would have to be a happy lot after witnessing a battle for control of the company by three US based rivals. It was Ventana Medical Systems (NASDAQ:VMSI) that got the ball rolling, but it wasn't long before Cytyc Corporation (NASDAQ:CYTC) , entered the fray with an initial bid of AU$2 Read More Posted by crazyjim 0 Comments Go to top

• Why Gold Got Sold Down

  Sunday, October 08, 2006 10:14 AM

  Here's a story from the UK that quotes a Barclays Capital gold trader who claims that the recent slide in the gold price had been the result of Europe's central banks selling an extra 100 tonnes from reserves in a rush to meet a quota deadline on Sept 26, but had done so by selling through forward contracts in order to hide the trading Read More Posted by crazyjim 0 Comments Go to top

• Sacked Over Leaked Email

  Sunday, October 08, 2006 1:02 AM

  Finance Asia has a nice little story about Morgan Stanley's Asia economist Andy Xie losing his job after an internal email he sent got leaked. Morgan Stanley actually announced that he had resigned. It appears that the contents of the email were a little too truthful for some Read More Posted by crazyjim 0 Comments Go to top

• OPEC Will Cut Output

  Sunday, October 08, 2006 12:30 AM

  We have already had cuts from Venezuela, Nigeria and Saudi Arabia. The next official OPEC meeting is due in December, however there may be an emergency meeting set as early as the 18th of October. Here's a recent reply from OPEC president Edmund Daukoru when responding to questions of OPEC intentions; 'The consensus that we can all agree on is that the market is very soft Read More Posted by crazyjim 0 Comments Go to top

• Optimism Short-lived

  Friday, October 06, 2006 6:35 AM

  Yesterday I wrote an article about how the rising oil price had already started raise concerns about renewing fears of inflation increasing and the recent market rally stalling as a result. The chart of the Dow Jones shows these signs already with the Dow’s gains being tempered to a 16 point rise on Thursday Read More Posted by crazyjim 0 Comments Go to top

• Oil Squeeze Returns

  Thursday, October 05, 2006 5:10 AM

  Just when you thought that those supply constraints for oil were behind us with growing US stockpiles, and a milder winter and hurricane season, they return to bite with a renewed fervour. So far we have had a few grumbling from Venezuela’s Hugo Chavez about oil prices being too low and small cuts in production from Venezuela and Nigeria Read More Posted by crazyjim 0 Comments Go to top

• Silex Gets US Approval For GE Tie Up

  Wednesday, October 04, 2006 3:34 AM

  Silex Systems has received US government approval to proceed with the Technology Commercialisation and License Agreement signed between GE and Silex. The government approval clears the way for Silex’s laser uranium enrichment technology to be transferred from Australian to the US and allows for the commercialisation of the technology by GE Read More Posted by crazyjim 0 Comments Go to top

• Oil Prices Key To Inflation

  Tuesday, October 03, 2006 5:46 AM

  I have already written about how traders and investors have overcome their inflation fears and have indicated that the main reason would have been the slide in oil prices. I am starting to become even more convinced that no other economic event or piece of data bears as much weight on inflation and inflationary pressure, as oil does Read More Posted by crazyjim 0 Comments Go to top

• Full Transcript Of Metal Storm Interview

  Monday, October 02, 2006 11:11 AM

  This morning I posted about the Chinese going to any length to try to grab Metal Storm's revolutionary technology. Here is a full transcript of the interview that Channel 9's Sunday programme did with former Metal Storm managing director Mike O'Dwyer and former Chinese spy Jun Yang Read More Posted by crazyjim 0 Comments Go to top

• Chinese Grab For Metal Storm

  Monday, October 02, 2006 4:00 AM

  News of the Chinese desperately trying to grab onto Metal Storm’s electronic firing ballistic technology has certainly sparked some renewed interest in the Metal Storm today with the share price gaining 23% to be trading at 16c so far on the Australian Stock Exchange Read More Posted by crazyjim 2 Comments Go to top

• Reeltime Braodband TV Trading Halt

  Sunday, October 01, 2006 3:30 AM

  Just as I was about to write an article about how recent start-up Reeltime Broadband TV’s share price has kept sliding and was actually pushing new lows, the company requested a trading halt with a pending announcement on Friday. A spike in the shares just one hour before the announcement indicates that the news could be very good Read More Posted by crazyjim 0 Comments Go to top

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