Is the massive upswing in the S&P500 Index on 6/06/12 for real, or just another fake out? Please take the time and share your thoughts and knowledge on where you think the S&P500 is headed.
Your VOTE needed here Continue reading "Poll: Do you believe the massive upswing in the S&P500 is for real?"
Yesterday, Facebook closed below $26 for the first time. Where do you think Facebook is headed from current levels? We appreciate your business and your viewpoint, so please vote and leave your comments on Facebook right here.
Loading ...Thanks, and have a great trading day.
Adam
A new term was introduced into the financial lexicon recently, to get 'Zucked'. The term was coined by investors in the Facebook (FB) IPO. Participants in the IPO have brought legal action against the company stating they were misled. The U.S. Senate Banking Committee has vowed to investigate assertions by investors they were hoodwinked. The stock is down over 27% since the IPO.
There have been several articles written in regard to these developments so I won't rehash the details. Suffice it to say, copious amounts of Facebook shares were sold at the high end of the price range. This maximized the windfall for CEO Mark Zuckerberg and other insiders and fashioned a far-fetched valuation for the company. Nevertheless, Facebook devotees argue that the company will eventually validate its sky-high valuation by leveraging its enormous user base and colossal amount of data collected. Continue reading "Caveat Emptor: Facebook Shareholders May Get 'Zucked'"
Here's the story:
Things got worse for Jon Corzine and MF Global when it was discovered that over a billion dollars in client money was missing. There’s still roughly $1.6 billion in client funds that have yet to be recovered.
Loading ...Basically, management under the direction of Jon Corzine and employees of MF Global used customer money that should have been segregated for “the extraordinary liquidity drains elsewhere in their business, including margin calls on the European sovereign debt positions.” Continue reading "New Poll: Do you think Jon Corzine should go to jail for MF Global's bankruptcy?"
Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
The chart shown Below is a daily chart of the August Gold Futures. Last week, my “Chart of the Week” submission highlighted the potential targets for Gold if it were to rally in the near future. While my idea was technically sound, I admit to missing the fundamental driver behind Fridays move higher. I thought it would be best to discuss Gold again this week. Continue reading "Chart of the Week - Gold revisited"
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