SocialPicks Sentiment:
** v.s.
other stocks
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This Quarter's Sentiment:
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SocialPicks Community
double blow
ANR
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+3.51%
in
27 days
risky speculation... both coal and coke will be hit in the coming year. ANR gets the worst of both worlds.
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ANR is a raging bull
ANR
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+9.21%
in
39 days
One word to describe this pick: merger
but you might wonder what the terms of the merger is, and if it is indeed a merger, in which case the market would see, like i do, that this stock has as of now a 31% premium coming, then why is it's stock where it is?
the answer is simple. this is a merger, and as such, is subject to the same predictable behavior as all other merger companies. the stock, whose deal will close in more than 2 months, does not have the demand right now because the market is waiting to see how things play out. That fact is constant in every merger, the most recen...
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ANR is a raging bull
ANR
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+9.21%
in
39 days
One word to describe this pick: merger
but you might wonder what the terms of the merger is, and if it is indeed a merger, in which case the market would see, like i do, that this stock has as of now a 31% premium coming, then why is it's stock where it is?
the answer is simple. this is a merger, and as such, is subject to the same predictable behavior as all other merger companies. the stock, whose deal will close in more than 2 months, does not have the demand right now because the market is waiting to see how things play out. That fact is constant in every merger, the most recen...
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Alpha Natural Resources Inc.
ANR
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+0.64%
in
49 days
Alpha Natural Resources, Inc. produces, processes, and sells steam and metallurgical coal in the United States. It also involves in the purchase and resale of coal mined by others. The company’s steam coal is used as fuel for electricity generation; and metallurgical coal is used to make coke, a key component in the steel making process. As of December 31, 2007, it owned or leased total proven and probable coal reserves of approximately 617.5 million tons. As of the above date, the company had 8 regional business units that were supported by 32 active underground mines, 26 active surface mi...
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momentum play
ANR
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-7.81%
in
5 days
(closed on 07/02/08)
strong issue/strong sector/reaction with no technical damage/buy on recovery/don't think of doing anything without a stop in place.
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From the Blogosphere
Bloomberg: Cleveland Cliffs (CLF) Asks Shareholders to Block Harbinger
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The saga continues - it appears clear that Cleveland Cliffs (CLF) management wants to acquire Alpha Natural Resources (ANR) for business purposes and it appears clear Harbinger does not want it to happen for their investment purposes. The cross roads between hedge funds and business continues to fascinate - I expect hedge funds to wield more and more power in the coming decade and this to become commonplace as larger hedge funds attract more and more assets. And money = power. This opens up a lot more questions about how corporations will be run in the future - and for whom and with what...
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Harbinger Seeks to Raise Stake in Cleveland Cliffs (CLF)
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This is an interesting move considering Harbinger thinks this is the top in the commodity "bubble" - watch what they do, not what they say. Wouldn't one be selling off exposure to commodities if this was the top?
- Hedge fund Harbinger Capital Partners, the largest shareholder in iron-ore company Cleveland Cliffs Inc (CLF), said on Thursday it has sought approval from Cleveland Cliffs' shareholders to raise its ownership stake in the company.
- The hedge fund is opposing Cleveland Cliffs' proposed takeover of Alpha Natural Resources (ANR), as it contends that the Alpha deal is not in the best in
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Bookkeeping: "We're Getting Destroyed" Buys
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First time I've been able to look at the market today - it is quite a sad state of affairs for us. Enough is enough - I'm going to finally apply cash to the positions that have been busting us the past 48 hours and in fact 6 weeks.
Fundamentals mean nothing. The charts have broken down across the board, including many that Monday morning we outlined as over the 20 and 50 day moving averages - the "best of the best".
Now these stocks need to be treated like financials - you buy them when they are puked up, and then you have to sell them as they approach resistance. It is sad to see stocks with...
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Notable Mergers and Acquisitions of the Day 8/1 (AMZN, MT/ANR, CSX)
StreetInsider.com Notable Mergers and Acquisitions of the Day:- Amazon.com, Inc. (NASDAQ: AMZN), today announced that, subject to closing conditions, it has reached an agreement to acquire AbeBooks. AbeBooks is an online marketplace for books, with over 110 million primarily used, rare and out-of-print books listed for sale by thousands of independent booksellers from around the world.
The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close before the end of the fourth quarter of 2008.
- According to reports from FT.com, Arcelor Mit
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Bookkeeping: Weekly Changes to Fund Positions Week 52
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Week 52 Major Position Changes
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash: 25.7% (vs 18.9% last week)
53 long bias: 52.8% (vs 52.0% last week)
9 short bias: 21.5% (vs 29.1% last week)
62...
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About Alpha Natural Resources Inc.
- Answers.com
