In reviewing the holdings of this fund manager, it seems like there are a lot of similarities between the stocks that are recommended by Jim Cramer of CNBC's Mad Money and the holdings of Driehaus Capital Management LLC. Coincidence?
Click To See Driehaus Capital Management LLC Holdings
Friday, June 02, 2006
The MACD Line Has Crossed Up On BWNG - BULLISH
Daily Broadwing Chart - Click
Will the next move up be 57%, 67% or 77%??? See the weekly chart!
Weekly Chart On Broadwing - Click
Will the next move up be 57%, 67% or 77%??? See the weekly chart!
Weekly Chart On Broadwing - Click
Ethanol News - Big Three Meeting Set For Today
Wall Street Journal - Re-Post From Laura Meckler
The chiefs of the big, unionized companies—General Motors, Ford Motor and DaimlerChrysler’s Chrysler Group—still plan to meet with congressional leaders on Friday, where they will lobby for support for ethanol and other biofuels—an alternative energy source where U.S. companies lead the way. Support is growing on Capitol Hill for investment in these fuels as an alternative to dependence on foreign oil. Four meetings are planned Thursday, with Republican and Democratic leaders in the House and the Senate.
U.S. auto makers have already produced millions of these flexible fuel cars, mostly because these autos help them to meet fuel economy standards. And the auto chiefs will pledge to produce more in the coming years. But, as is, few of these vehicles actually do run on alternative fuels because few gas stations carry it, and Detroit will be looking for help in growing the ethanol infrastructure.
With gas prices topping $3 a gallon in much of the country, energy policy is hot in D.C. But it’s not at the top of the agenda. Thursday’s White House meeting was postponed because Bush plans a trip to Yuma, Ariz., where he will discuss border security and immigration. – Laura Meckler
The chiefs of the big, unionized companies—General Motors, Ford Motor and DaimlerChrysler’s Chrysler Group—still plan to meet with congressional leaders on Friday, where they will lobby for support for ethanol and other biofuels—an alternative energy source where U.S. companies lead the way. Support is growing on Capitol Hill for investment in these fuels as an alternative to dependence on foreign oil. Four meetings are planned Thursday, with Republican and Democratic leaders in the House and the Senate.
U.S. auto makers have already produced millions of these flexible fuel cars, mostly because these autos help them to meet fuel economy standards. And the auto chiefs will pledge to produce more in the coming years. But, as is, few of these vehicles actually do run on alternative fuels because few gas stations carry it, and Detroit will be looking for help in growing the ethanol infrastructure.
With gas prices topping $3 a gallon in much of the country, energy policy is hot in D.C. But it’s not at the top of the agenda. Thursday’s White House meeting was postponed because Bush plans a trip to Yuma, Ariz., where he will discuss border security and immigration. – Laura Meckler
Thursday, June 01, 2006
Thankfully - The Short Term Trend Up Continues
There is no question that the short-term trend is strengthening from the weakness that we saw in early last week. The good news is that just about every market index has bounced off their 200-day moving averages.
Paul Tudor Jones' Firm Buys 919,000 BWNG!
Hedge Fund Manager Paul Tudor Jones II firm shows up on our radar as a new Buyer of BWNG. Paul is an icon Wall Street investor and commodities trader.
Paul Tudor Jones II is Forbes #133 Richest Man - Click
Tudor Investment Firm - Click
Institutional Buying Increases - Click
Paul Tudor Jones II is Forbes #133 Richest Man - Click
Tudor Investment Firm - Click
Institutional Buying Increases - Click
Wednesday, May 31, 2006
SHORT SQUEEZE ALERT ON BWNG
SHORT SQUEEZE INFO - Click
There is over 8,450,000 shares short.
It would take 3 Days to cover.
The market cap is $990 Million, however it would cost over $5 Billion to re-build their already existing fiber optic network!
Insiders own 15%. Institutions own 48% up from 22% a few months ago!
The company is at BE EBITDA as well.
$20 near term is certainly doable.
BWNG Technical Chart
BWNG Weekly Chart
There is over 8,450,000 shares short.
It would take 3 Days to cover.
The market cap is $990 Million, however it would cost over $5 Billion to re-build their already existing fiber optic network!
Insiders own 15%. Institutions own 48% up from 22% a few months ago!
The company is at BE EBITDA as well.
$20 near term is certainly doable.
BWNG Technical Chart
BWNG Weekly Chart
UARM and BWNG Similarities
Our old coverage of Under Armour several months back looks like BWNG today. One day it just turned up and it keeps going. Currently, UARM is up 17% from a terrible March. BWNG has had a terrible May similar to UARM's March! (Now keep in mind that this is where institutions are accumulating BWNG...right now!)
UARM Chart
UARM Chart
Tuesday, May 30, 2006
Market Activity Today
U.S. stocks had their biggest decline in two weeks, probably making May the worst month in three years, after consumer confidence declined, oil prices rose and Wal-Mart Stores Inc. struggled to meet its sales forecast.
Today's biggest losses came in the Nasdaq and Small Cap stocks as well as basic materials stocks. Emerging markets lost another 4.0% on average. This shows that investors are still selling their riskier holdings and moving some money to the sidelines.
Today's biggest losses came in the Nasdaq and Small Cap stocks as well as basic materials stocks. Emerging markets lost another 4.0% on average. This shows that investors are still selling their riskier holdings and moving some money to the sidelines.
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