wallstreets pump&dump

footnote: avoid energy +metal stocks,,oil has forgotten its priced in $usd,, and the 'war' is their war and its overthere' their energy costs are far lower than our own.

today cramer swapped horses as expected after hours,, now he like RA +BDN for take over targets,,, maybe if he read more on their pr's they wouldnt seem so attractive. he gave his 'valueation' model about how you should be happy with a falling stock making the yield higher and the div to keep you distracted,,, that sounds just like the pe crap buffett pumps,, ask those longs in TOL if they feel richer when at the top TOL had a pe of 4,, now 7 or 8,, who cares,, its going down with all the rest of them. MS gave the premarket upgrade,,but traders didnt buy it,, so what does they do,,, worrying that they are buying the dumps from GS+LEH and other anals who have been 'bullish' on the sector... huge 'oooops' for MS--time to spread that stuff all over j6p's 401k as traders arent buying it. you will know if its set up with the spec's,,if they gap any of those things up. time to give it up boys.


then tankercramer came out with this 'great pick'
31.65 Chesapeake Utilities files $40 mln mixed shelf
Wed Jul 5, 2006 5:08pm ET
WASHINGTON, July 5 (Reuters) - Chesapeake Utilities Corp. (CPK.N: Quote, Profile, Research), a diversified utility company, on Wednesday said it may periodically sell up to $40 million in common stock and debt securities.

The company said it plans to use the proceeds for general corporate purposes including capital spending, debt repayment, share repurchases, acquisitions, subsidiaries and working capital. (read that part again,, and again, and again!!! again cramer doesnt do simple dd. )

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.

© Reuters 2006. All Rights Reserved.
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060705:MTFH27710_2006-07-05_21-08-48_N05311027&type=comktNews&rpc=44

anyway,, very late in the day F ford cars decided it was time to cut the div---only about $20late! look for some sugar pouring anal to market this as a good thing,,, makes sure you buy puts a ways out for the day you tire of holding wallstreets bag.

Wall Street is where the big dogs -- Goldman Sachs, Merrill Lynch, JPMorgan Chase -- play. But they play a game that's designed to give their banks all the money, leaving you holding an empty wallet.

The wingtip crowd has a long track record to support that claim. For instance:

They focus on the big money and do whatever they can to support those relationships. Their attention and research is geared toward deep-pocketed institutional clients, not average Americans with their retirement cash. When they overwhelmingly gave Yahoo! (Nasdaq: YHOO) a "strong buy" rating right before the the tech bubble went pop, the Street crowd was hoping to make the institutional folks some fast cash. But when the bubble burst, we were the ones who suffered.


http://www.fool.com/news/commentary/2006/commentary06051714.htm?source=eptyholnk303100&logvisit=y&npu=y



DONT DRINK WALLSTREETS KOOLAIDE---------THEY NEED A BAGHOLDER

note they are also part of the problem,, use their readership to pump stocks.

anyway..today and for several weeks anals have been upgrading REITS,,, they are hoping traders chase the toppy charts knowing full well that 'value investors' can do math,, and have left the building. today MS puts out a 'buy rating on several' because retail 'investors' like them, jim cramer pumped a few on madmoney last night,,,, i dont think he did his 1 hour of homework-----does he ever do real homework? no matter tonight he will find a new pony for traders to switch too.

back to motleyfOOL

So is Wall Street just stupid?
No. On the contrary, the analysts working on the Street are pretty bright -- but that doesn't necessarily work to your advantage.

You see, just because a sell-side analyst believes a stock is a dud, that doesn't necessarily mean he's going to clue you in to this fact. Think back to that 2002 TV ad from Charles Schwab, where the pinstriped broker tells his analyst: "Let's put some lipstick on this pig!" That's how the game was played pre-millennium. Analysts might have had private reservations -- heck, they might have had a private case of the giggles -- about the prospects for a stock. But that certainly didn't mean they were going to rate it a sell.

Remember, these people have commissions to earn. And they don't make commissions by telling people who don't own a stock that they shouldn't own it. They make commissions by telling people who don't own a stock that they need to buy it right now.

(((my note: anals have hinted/noted to pulling the pump&scalp game on cnbc tv,, even 1 anal noted a couple of months ago that dd isnt even done, this issue came up during a 'paid research' issue that slammed some company NO SUPRISE!! ))

And of course, if their private belief that the company is doomed turns out to be right, there's plenty of time down the road to make a second commission by opining that the circumstances have now changed, and it's time to sell that stock they told you to buy three months ago.

,,,,

Gurus gone mild
But the desire to make sales and earn commissions is only half the story. The other reason that Wall Street analysts tend to make bad calls in public -- even when they're right in private -- is the fact that they are (not to put too fine a point on it) a bunch of desk-bound, paycheck-driven bureaucrats.

,,,

Herd mentality
To see why that's so, let's turn for a moment to legendary investor and former head of the Fidelity Magellan fund, Peter Lynch. He summed up Wall Street analysts' thinking on questions such as the Intel/ADM dilemma thusly: "Success is one thing, but it's more important not to look bad if you fail."

Sure, an analyst could have made his clients a lot of money by seeing the value inside ADM, the potential for outsized returns just waiting to be unlocked. But what if the analyst was wrong? When all of your colleagues are pointing out a company's problems, do you go out on a limb and say: "I beg to differ"? Probably not. Because if you're wrong, you'll be begging -- begging for your job.

Now contrast that with what happens when an analyst puts a "buy" recommendation on a stock such as XM Satellite Radio (Nasdaq: XMSR), which in February announced a widened loss and the resignation of a board member -- and has been falling ever since. And yet in the current month, analysts have 24 "buy" ratings on the stock, 10 "holds," and just a single sell. Now if everyone is sure that a stock will go up, and it does, it's all good. On the other hand, if the stock somehow tanks, everyone just gasps in mock amazement: "Wow. XM really made a mess of things."

See the change in emphasis? If an analyst is right in a crowd, he's just right. But if he's wrong in a crowd, the analyst -- and everyone else who was wrong along with him -- chants in unison: "We didn't do anything wrong. The company screwed up." Or, as a Merrill Lynch analyst wrote back in February, "We hope that an insider disagreement could force a shift in strategy."

Thus, analysts have learned that there's safety in numbers. The cow that wanders from the herd gets eaten by wolves (or thrown to them by an irate mutual fund manager). But as long as the analyst sticks with the rest of the cattle, it doesn't much matter whether the herd's moving in the right direction or the wrong -- the analyst's job is safe.

Be the cowboy, not the cow
As an individual investor, however, you don't have to be part of the herd. Like a cowboy circling on the outside, you can watch as the cows shamble to and fro, yet move independently yourself. When the analysts are all chanting "buy, buy" and charging toward a cliff, you can just step out of the way. And when they're bellowing "sell, sell" and rushing off to greener pastures on the other side of some fence, you can wait until they're gone and examine what they're leaving behind. Could be that you'll find it right tasty.




http://www.fool.com/news/commentary/2006/commentary06070805.htm?source=eptyholnk303100&logvisit=y&npu=y




http://biz.yahoo.com/ap/060712/telerate.html?.v=2
Wednesday's Money Rates
Wednesday July 12, 5:08 pm ET


NEW YORK (AP) --
Money rates for Wednesday as reported by Telerate:
Prime Rate: 8.25
Discount Rate Primary: 6.25
Discount Rate Secondary: 6.75
Broker call loan rate: 7.00
Federal funds market rate:
High 5.25 Low 5.25 Last 5.25
Dealers commercial paper:
30-180 days: 5.20-5.34
Commercial paper by finance company:
30-270 days: 2.14-2.55
Bankers acceptances dealer indications:
30 days, 5.32
60 days, 5.36
90 days, 5.38
120 days, 5.41
150 days, 5.41
180 days, 5.42
Certificates of Deposit Primary:
30 days, 2.19
90 days, 2.91
180 days, 3.13
Certificates of Deposit by dealer:
30 days, 5.34
60 days, 5.42
90 days, 5.48
120 days, 5.53
150 days, 5.56
180 days, 5.59
Eurodollar rates:
Overnight, 5.19-5.25
1 month, 5.30-5.32
3 months, 5.47-5.49
6 months, 5.59-5.63
1 year, 5.70-5.75
London Interbk Offered Rate:
3 months, 5.50
6 months, 5.61
1 year, 5.70
Treasury Bill auction results:
average discount rate:
3-month as of July 10: 4.925
6-month as of July 10: 5.105
Treasury Bill annualized rate on weekly average basis, yield adjusted for
constant maturity, 1-year, as of July 10: 5.27
Treas. Billmarket rate, 6 Mos: 5.09-5.08
Treas. Notemarket rate, 10-year as of 5pm :5.10
Fannie Mae 30 year mortgage commitments:
30 days, 6.71
60 days, 6.73
Fed Home Loan 11th District Cost of Funds:
As of June 30: 3.884
Money market fund:
Merrill Lynch Ready Assets:
30 day average yield: 4.42
x - holiday
n.a. - not available