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 Steve Patterson     www.fastswings.com     Graphic_subscribe   

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    This is a Tracking Account  |  Tracked since 03/14/2008  [?]     SocialPicks is not affiliated with Steve Patterson
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Steve Patterson's Blog Posts


SSO   Federal Reserve Sees Economic Improvement and Some Jobs 12/02/09   —  <font>Federal Reserve Sees Economic Improvement and Some Jobs</font> Late year reports from the 12 different regions of the Federal Reserve saw improvement in consumer spending and manufacturing according to a report released today. This is the best report since the recession began as 8 region...
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KO   Coca Cola Reaches New 52 Week High 11/25/09   —  <font>Coca Cola Reaches New 52 Week High</font> The Coca Cola Company (KO) fell slightly on Wednesday after reaching a new 52 Week High the past two trading sessions. On Monday a report came out from the Financial Times that the company plans to double it’s bottling capacity in China and tri...
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DELL   Dell Falls on Poor Earnings 11/20/09   —  <font>Dell Falls on Poor Earnings</font> Dell Inc (DELL) reported today a 54% decline in income for it’s most recent quarter along with a 15% reduction in revenue. The company missed estimates on both fronts and the stock was battered 10% lower on Friday. The bad report has made some investo...
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GLD   Gold: Don’t Fight the Trend 11/11/09   —  <font>Gold: Don’t Fight the Trend</font> An old saying in trading technical charts is ‘don’t fight the trend’. And this has been the case with Gold over the past year, every pause in the rally of the price of gold has been a good opportunity to buy. Of course this could reverse if the ...
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Federal Reserve Holds Rates as Expected 11/04/09   —  <font>Federal Reserve Holds Rates as Expected</font> The Federal Reserve continue to hold the Fed Funds Rate at 0.25 %, historically low rates. The news created a mid-day rally in the stock market that faded into the close. The Fed believes economic activity has improved but is fearful about n...
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USB   BAC   First Republic Bank Sold to Investors 10/21/09   —  <font>First Republic Bank Sold to Investors</font> The deal has been confirmed that First Republic Bank is being sold by Bank of America (BAC) to a group on investors which include the current management, Colony Capital, and General Atlantic. The bank had assets of $19 billion when it was sold...
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GE   General Electric (GE) Falls after Earnings 10/16/09   —  <font>General Electric (GE) Falls after Earnings</font> General Electric Co (GE) fell on Friday after it released it’s most recent quarterly earnings. The mid-day decline was near 4.25% from the prior days close of $16.79 share. The profit for GE declined 44% from the previous year’s perio...
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SBA   Why Many Startups Fail 10/15/09   —  Why Many Startups Fail According recent statistics from the Small Business Administration (SBA) 90% of the small businesses fail within two years of starting due to many entrepreneurs lacking basic knowledge in handling company operations. Let’s explore the reasons why businesses fail and how you ...
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GCC   GLD   Gold, Silver, Coal and Metal Mining Rallies on Weak US Dollar 10/12/09   —  <font>Gold, Silver, Coal and Metal Mining Rallies on Weak US Dollar</font> On Monday energy prices rallied on the weaker US Dollar and some help from lower temperatures in the states, and the gold, silver, coal and metal mining rally continued. The weak dollar has led investors to pour money i...
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KOP   WY   New Residential Construction Industries Jump on Mortgages 10/08/09   —  <font>New Residential Construction Industries Jump on Mortgages</font> A number of industries related to residential home construction including New Residential Construction itself, moved higher today as mortgage rates continue to fall. Residential Construction moved higher 5.7% as an industry...
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Market Reversals Are Hard to Navigate 10/02/09   —  <font>Market Reversals Are Hard to Navigate</font> The market has reversed itself from the high reached after the Federal Reserve Meeting ended in September and is starting to move lower on a consistent basis. It’s a good time to be neutral in your portfolio with a slight negative stance. Wi...
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NKE   Nike (NKE) Beats and Rallies After Hours 09/30/09   —  <font>Nike (NKE) Beats and Rallies After Hours</font> Nike reported their most recent close after the close of trading today and beat the street with cost cutting on weaker revenue. A conservative forecast didn’t stop traders from buying shares in after-hours trading. <font>Quarterly Ear...
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RIMM   RIMM Earnings Announcement Thursday After the Close 09/21/09   —  <font>RIMM Earnings Announcement Thursday After the Close</font> The big news this coming week is Research in Motion (RIMM) announcing their earnings Thursday after the close. October Options Call activity on Friday was strong at the $85 strike price and the $90 strike price. With little inter...
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GS   Goldman Sachs (GS) Continues to Climb 09/15/09   —  <font>Goldman Sachs (GS) Continues to Climb</font> I sold my Goldman Sachs (GS) shares about two weeks ago after a decent gain and moved the funds into the more diverse SSO ETF. But I am now kicking myself as Goldman continues to rally to new highs and analysts upgrade their expectations for t...
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How Small Cap Investments Can be an Excellent Addition to Your Portfolio 09/09/09   —  You don’t hear much about small cap investments from Wall Street, the media, or financial analysts on television. Small cap stocks involve investing in smaller, lesser-known companies who are up-and-coming; not usually the kind of investments that seasoned large investment firms make. However, thou...
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AIG   Small Cap Stocks and Funds Can be a Good Addition to Your Portfolio 09/09/09   —  You don’t hear too often about small cap funds or socks from Wall Street pundits, the media, or economic analysts on television at night. Small cap stocks involve investing in small market capitalization, lesser-known organizations which are up-and-coming; not typically the type of investments that...
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ICE   NYX   Over the Counter Derivatives Finally Market Traded 09/09/09   —  <font>Over the Counter Derivatives Finally Market Traded</font> For over a year commentators and bloggers have been writing that Over the Counter (OTC) Derivatives need to be traded in an open market to avoid situations that occurred during the credit crisis which brought major financial insti...
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DELL   Dell Inc (DELL) Has a Good Quarter on PC Demand 08/28/09   —  <font>Dell Inc (DELL) Has a Good Quarter on PC Demand</font> The leading maker of PCs in the United States, Dell Inc, put together one of their better quarters since the US economy began to sour but the stock remains expensive after a recent run-up. The stock of Dell has rallied over the past t...
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SDS   SSO   Markets in Full Recovery 08/21/09   —  Markets rallied to close the week strong as Ben Bernanke made positive statements about the overall economy and home starts showed a very good improvement over past readings. <font>Ben Bernanke</font> Federal Reserve Chairman Ben Bernanke commented during a speech on Friday that the economy i...
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CSTR   NFLX   Video Rental Companies Suffer 08/14/09   —  <font>Video Rental Companies Suffer</font> Blockbuster (BBI) reported today that they had an operating loss during the second quarter and their shares fell 16% subsequently. The company lost $39.7 million as revenue fell 22% due to competition from Netflix (NFLX) and Redbox (CSTR). Blockbuster...
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