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How Long Will the Takeover Mania Last?

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Almost everyday in the past two months there has been at least one or two stocks a day that are rumored to be takeover candidates. Ever since August 17th, 2010 when Potash Sask Inc. (NYSE:POT) received a takeover bid from BHP Billiton Ltd. (NYSE:BHP) for a huge premium the stock market has gone into a takeover mania. There are now tons of stocks that have these takeover premiums built into them. Yesterday, the latest takeover rumor was Microsoft Corp. (NASDAQ:MSFT) looking at buying Adobe Systems Inc. (NASDAQ:ADBE). Adobe Systems was trading around $25.45 before the takeover chatter began. The stock traded as high as $30.00 intra-day before settling at $28.69 as of yesterday's close This morning Adobe Systems is trading lower by $1.73 to $26.97. The reminds me of something out of the original movie Wall Street when Bud Fox told his buddies buy the fictional Teldar Paper and Blue Star Airlines. This crazy action seems to take place every single day.

  • SPY Trading Volume Is Very Light Considering ALL Of The News

    54 Reads | 0 Comments | July 7, 2011

    This morning, the S&P 500 Trust(NYSE:SPY) is trading just 47 million shares as of 11:00 am EST. This isvery light volume considering all of the news that the market has hadtoday. This tells us that many institutions are waiting on tomorrow'sJune non-farm payroll report by the U.S. Labor Department beforecommitting more capital to this market.  Nicholas SantiagoInTheMoneyStocks

  • The Trade: Energy Stocks Weaken Further

    66 Reads | 0 Comments | May 3, 2011

    Oil stocks have nowhere to go but down. That was the analysis given lastweek in an article on this very blog. At this time, Chevron Corporation(NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) were trading at theirdouble top, 52 week highs. This hypothesis was based on the currentprice of oil between $110 and $115 per barrel. The analysis clearlyshowed that higher oil would cause the markets to...

  • NUAN: Possible Bullish Setup

    72 Reads | 0 Comments | December 15, 2010

    Nuance Communications Inc.(NYSE:NUAN) is trading flat on the session. The stock has rallied higherfrom a small gap lower open initially. The pattern on the intra-daychart is now in a bullish formation. This stock could trade higher afterconsolidation is complete. 

  • The Federal Reserve Strikes Back, Crushing The Dollar

    80 Reads | 0 Comments | October 20, 2010

    Yesterday, the markets had their biggest decline in two months.  Thereason behind this decline was the surprise move by China, raisinginterest rates.  This caused the Dollar to spike dramatically higher,crushing the U.S. markets.  Yesterday was the first day in two monthswhere it did not seem the Federal Reserve was in control of the Dollar,and POMO (Permanent Open Market Operations) did not...

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