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Nov 20, 2006 - Issue #033
Dow score card for the week ending 11/17/06.
DJ-30: 12342.56 +234.13 +1.93%. In the Real World: 51.40 +0.98 +1.93%.
UP: 25 (+5), Down: 5 (-5).
Trends (weekly): This is the subjective part.
Rising 19 (+1):
AIG, AXP, BA, DD, DIS, +*HD, HON, HPQ, IBM, INTC, JNJ, JPM, KO, +*MMM, MO, MSFT, T, VZ,
Consolidating 10 (n/c):
AA, C, GE, GM, MCD, MRK, PFE, -*PG, UTX, WMT.
Declining 1 (-1):
* denotes change of category.
+/- denotes change of direction.
Once again Wall Street investment banking firms showed the world how they make money
the 'old-fashioned' way: They steal it!
With a straight face they feigned surprise when the NYMEX IPO, which they priced at $59
for their A-list friends, opened at $120 and went up from there. And we're supposed to
believe that, even with all the hype, they had no idea that the public would pay up so
much. File that under, "Yeah, right!"
See my pages, Initial Public Offerings (IPO), (Hot New Issue? You should live so long!)
and why Wall Street will never allow you to participate in Dutch Auctions.
And in politics the 'Blue Dog' democrats showed they have no fear of Pelosi. Interesting.
While the Dow gained 1.93%, HD and INTC closed out the week gaining 4.48% and 7.39%,
respectively. Isn't HD supposed to be suffering along with the real estate industry? Go
Over at the AA trading post, they're giving the stock away at a 0.84% discount. Early
Christmas shopping bargain?
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!