Monthly archives: December, 2008

Interesting day on GM




Today was obviously an interesting day to see on GM and F and the not-listed Chrysler. The news started to unfold at 9am, when President Bush announced the bailout plan for the Big Three (Big Two rather, since Ford is not asking for money), and the market reacted extremely positive at pre-market, when share price …






Earnings and surprises…




For the past two days, we’ve witnessed one of what I would personally considered as the most hilarious jokes of the year unfolded on Wall Street. Quick quiz to those of you who are reading this: 1. If a company that has not lost a single cent ever since it went public in 1999, and …






Wachovia and Wells Fargo Merger – A short study on the market efficiency and no arbitrage theory




In front of me is a copy of the shareholder’s prospectus on the Wachovia and Wells Fargo merger. Put all the excitement aside (since this is the first time I am voting as a shareholder for a legal entity, although practically I do not hold any stock of Wachovia Corp as this point although I …






Bailout failed for automakers




Newsflash: The bailout has officially died in the senate as of 11:03pm, as it could not find sufficient number of votes from the Republicans to pass the legislation. Oil have down more than 2 dollars in the past hour and US Stock Futures have gone down for more than 3% tonight. There will be another …






When technical analysis no longer works…




Here is an interesting snapshot for SDS for the past 12 months of the year: The closing price for SDS is way above the 200-day MA, hence indicating a strong buy signal.  By adding in the volume factor, more interesting things happened, the interest of SDS is at its peak at the end of November, …