Dashwood's Wall Street

[kittydashwood]

Price on the 352 mva. Price keeps falling and OBV keeps falling, but insiders continue buying and excercising options without sale.

MMLP has commenced an underwritten public offering of 3,000,000 common units under its existing shelf registration statement. MMLP intends to use the anticipated net proceeds from the offering to repay indebtedness incurred in connection with recent acquisitions and to fund expansion and growth capital expenditures.
The dividend is 7.83%.
These type of structures are common with cyclicals in the states and would work well for a float of Fonterra on the NZX. Look at the example of fertiliser parent company Terra TRA and the high yeild units of Terra's subsidary TNH.


Last 10 Insider Actions for Martin Midstream Prtnrs L P Full-text of insider filings at SECInfo.com
Date Name Shares Stock Transaction
11/16/2005 C SCOTT MASSEY
Director 500 MMLP Open Market Purchase
Cost $15,535.00
11/14/2005 MARTIN RESOURCE L L C
Beneficial Owner of more than 10% of a Class of Security 417,784 MMLP Exercise of Stock Options
at cost of $13,506,956.72
11/14/2005 MIDSTREAM FUEL SERVICE L L C
Beneficial Owner of more than 10% of a Class of Security 124,129 MMLP Exercise of Stock Options
at cost of $4,013,090.56
11/14/2005 MARTIN PRODUCT SALES L L C
Beneficial Owner of more than 10% of a Class of Security 308,759 MMLP Exercise of Stock Options
at cost of $9,982,178.47
11/14/2005 MARTIN RESOURCE MANAGEMENT CORP
Beneficial Owner of more than 10% of a Class of Security 850,672 MMLP Exercise of Stock Options
at cost of $27,502,225.76
11/10/2005 MARTIN PRODUCT SALES L L C
Beneficial Owner of more than 10% of a Class of Security 460,971 MMLP Open Market Purchase
Cost $14,999,996.33
11/10/2005 MARTIN RESOURCE MANAGEMENT CORP
Beneficial Owner of more than 10% of a Class of Security 460,971 MMLP Open Market Purchase
Cost $14,999,996.33
09/14/2005 RUBEN S MARTIN
Chief Executive Officer 2,000 MMLP Open Market Purchase
Cost $67,940.00
03/24/2005 C SCOTT MASSEY
Director 300 MMLP Open Market Purchase
Cost $9,450.00
03/22/2005 ROBERT D BONDURANT
Chief Financial Officer 400 MMLP Open Market Purchase
Cost $12,840.00

[kittydashwood]

11 000 resistance on Dow only 5 points away, more importantly RUSSEL breaks 700 showing that the real leaders of this rally aren't Tech stocks or Blue Chips but the smaller companies.

WIRE gaps up 2$.
PARL reaffirm earnings.
Re-entered PCU at 70$. This may be premature as I was waiting for a retrenchment to 55$ before re-entry; however dividend coming up should see a 10% run-up if copper stays at the current levels.

[kittydashwood]

DJIA NASDAQ S&P 500 Russell 2000 DJ Wilshire 5000
11,002.14 2,317.69 1,288.26 706.08 12,947.87
+42.83 (+0.39%) +12.07 (+0.52%) +2.81 (+0.22%) +6.69 (+0.96%) +46.18 (+0.36%)
As of 01/09/06 01:22 PM EST

[kittydashwood]

Schaeffer on Charts: The Big Picture
Bernie Schaeffer
1/10/2006 9:45 AM ET


"It could be viewed as something of an indicator of how poor a performer U.S. large-cap equities have been ... If it were the first time [the Dow had crossed 11000], it would be even more important ...We shouldn't get too excited."
----(Ben Pace, chief investment officer at Deutsche Bank Private Wealth Management - The Wall Street Journal - 1/10/06)

Yes, indeed, Mr. Pace.

In fact, the Dow Jones Industrial Average (DJIA - 10,965.2) straddled the 11000 mark no less than 32 times on the weekly chart from May 1999 through June 2001, and over a hundred times on the daily chart over this same period.


Weekly chart of the Dow Jones Industrial Average from December 1998 through July 2001

On the other hand, the Russell 2000 Index (RUT - 703.61) closed above the 700 mark for the first time in history yesterday, but I somehow failed to notice a "700 watch" for the Russell on financial television. But perhaps of greatest interest is the chart below of the miserable performance of the Dow Jones Industrial Average Index (DJX - 109.65) versus the RUT since the 2002 market bottom.
And so far in this New Year?
# DJIA: +2.26%
# Russell 2000: +4.45%
It should be no shock to you that I'll take this opportunity to reiterate my bullish posture on the small-cap space as exemplified by the RUT and my negative posture on the blue chips as exemplified by the DJIA. The small caps are under-hyped while delivering strong performance; the blue chips are over-hyped while delivering mediocre performance.

But let me add a few choice words about some of the DJIA components.

* Walt Disney (DIS: View sentiment for DISsentiment, chart, options) - Has managed the very difficult feat of under-performing Time-Warner (TWX: View sentiment for TWXsentiment, chart, options) shares over the past decade.
* IBM (IBM: View sentiment for IBMsentiment, chart, options) , Intel (INTC: View sentiment for INTCsentiment, chart, options) , Microsoft (MSFT: View sentiment for MSFTsentiment, chart, options) - The Big-Three of "yesterday's news in tech".
* J.P. Morgan (JPM: View sentiment for JPMsentiment, chart, options) - The "no place to hide" stock if over the counter derivatives blow up.
* Coca-Cola (KO: View sentiment for KOsentiment, chart, options) - Dead money for a decade and recently overtaken in market cap by Pepsico (PEP: View sentiment for PEPsentiment, chart, options) .
* Merck (MRK: View sentiment for MRKsentiment, chart, options) and Pfizer (PFE: View sentiment for PFEsentiment, chart, options) - The worst of Big Pharma, and that's saying a lot.
* Wal-Mart Stores (WMT: View sentiment for WMTsentiment, chart, options) - Best candidate for "Always the worst-performing retailing stock. Always."
* And finally, there's General Motors (GM: View sentiment for GMsentiment, chart, options) , a stock on which I've made bullish noises for almost a year - "long and wrong", as they say.

GM has been the best-performing stock in the DJIA in 2006, which is all the more interesting given that BusinessWeek asked the question (as of 12/23/05): "Should the Dow Ditch General Motors?" I remain long the shares as I see huge recovery potential should the bankruptcy talk continue to recede. We'll see.
Bernie Schaeffer

[kittydashwood]

XSNX breaks 1$
That's 200% since first mentioned two months ago.
Big volume probably due to the new California solar power laws.
Loads of interesting earnings out next week, could be in for some choppy trading.

Closer too home I have withdrawn entirely from the ASX and increased my PGC holding

[kittydashwood]

http://www.smartmoney.com/trendspott...story=20060113

The Hard Truth About Money
By Igor Greenwald
January 13, 2006

EVERYONE KEEPS SAYING the dollar went up last year, and I suppose that's true if your measures of choice are portraits of 19th century Japanese intellectuals and sketches of European architecture down through the ages.

The plucky buck is up some 11% since the end of 2004 (through Thursday) against both the euro and the yen, though it's been steadily losing ground over the last six weeks.

But of course the dollar is not "up" in any real sense of the word, not when measured against real assets, rather than similarly flabby fiat currencies. It's not up against gold, crude or wood. It's not up relative to Indian stocks, or Russian bonds, or electricity, or tomatoes, or Wall Street bonuses. And it's most certainly not outperforming real estate from Alicante to Zanzibar , including the distressed but hardly depressed hurricane alley along the U.S. Gulf Coast.

All those asset booms suggest the dollar didn't really regain stature in 2005, so much as it benefited from the perceived failings of rivals. Japan is so starved for growth it's sticking with negative real interest rates to make sure the current recovery doesn't sputter. The euro zone has surplus workers it can't fire, disaffected immigrants no one will hire, endless budget squabbles that leave everyone feeling tired and a Frenchman in charge of the central bank. (Frenchmen are not good bankers, hence Switzerland.)

You can tell this is a race to the bottom, not the top, by noting that any time a central banker opens his mouth these days, the currency he sponsors takes a dive. The dollar hasn't been the same since the Federal Reserve all but assured investors it will stop raising interest rates this spring. The yen began taking on water when Japanese politicians made clear they still want dirt-cheap loans. Currency traders thought the Jean-Claude Trichet of the European Central Bank would finally talk tough this week given recent signs of an economic revival on the continent. But Trichet pulled one of his on-the-one-hand, on-the-other-hand routines, and by the time he got through mentioning downside risks to growth, the euro was on its knees as hopes for a spring rate hike fizzled.

Why are the guardians of our currency, and of everyone else's currency, cooing like a flock of flu-free doves these days? Because their mandate is to guard growth as well as currencies. And in conditions of growing labor competition from Chinese factory workers and Indian software engineers, the path to growth in the developed world is marked with interest-rate cuts, not hikes.

The Bank of England, one of the first to raise interest rates during the current economic cycle, is expected to cut them next month. One of these days, should economic conditions warrant, of course, the Fed may follow.

Incoming Fed Chairman Ben Bernanke may not be the Helicopter Ben of Wall Street caricature, but he is coming into his job after a brief but hugely symbolic stint as the top White House economic adviser. Anyone who's worked for President Bush, and anyone Bush would name to lead the Fed, probably shares his view that the business of America is business. And business doesn't want a 5% fed-funds rate; it wants a cheap bond issue to pay for the latest leveraged takeover.

Just the other day, the president of the Federal Reserve Bank of New York made news by talking of targeting asset prices before they pump up inflation. But Bernanke is on record as opposing such meddling, comparing it to the flawed economic policies that gave rise to the Great Depression.
There's really no way to read that Bernanke speech from 2002 and think that the Fed will be hiking rates just to do something about the price of gold, or copper, or bricks and mortar. The asset prices that Bernanke does focus on are the yield spreads that have in the past predicted economic slowdowns. It may be no coincidence that the unusually explicit Fed statements about the likely halt

[kittydashwood]

I keep re-reading this article and wishing I could send it to Mister Bollard. NZ should steal a march on the world and pin the dollar to carbon prices.

[kittydashwood]

Second Opinion® Weekly - MITTAL STEEL'A' (MT)
Exchange: NYSE
Close as of week ending
1/13/2006
Opinion
Opinion LONG Opinion Date 01/09/06 Opinion Price 27.66
Score 0 C-Rate 0.0
Recommendation
Stock is a Strong Buy.
Comment
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Weak Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is falling which is Bearish.
Look for Support at 26.93
Week's Activity (Close as of week ending 1/13/2006)
Week Close 28.03 Week Change 0.37
Week Open 27.95 Week High 28.80 Week Low 27.70
Price Analysis
Yr. High 43.86
Yr. Low 22.11
MO Chg.(%) 4.2
Resistance N/A
Support 26.93
SELL STOP 24.96
Volatility(%) 2.2
Position 77
ADXR 23
Moving Average Analysis
Type Price % Slope
10 Day 27.63 101.5 UP
21 Day 26.83 104.5 UP
50 Day 26.84 104.4 UP
200 Day 26.92 104.1 DOWN

Volume Analysis
Ave Daily Volume(00) 7550
MO Chg.(%) -34.5

Up/Down Volume (U/D)
U/D Ratio 1.4
U/D Direction UP

On Balance Volume BL
Positive OBV BL
Negative OBV BL

Money Flow(MF) 67
MF Direction UP
Technical Analysis
Alpha -0.13 50-Day R.S. 1.04 OBOS -1
Beta 2.04 STO(Slow %K) 73 B.BANDS 19
MACD ST BL STO(Fast %K) 30 RSV 23
MACD LT BL Wilder's RSI 71 POWER RATING 81

[kittydashwood]

1:29am 01/18/06

Tokyo Stock Exchange halts trade 20 minutes early - report By Tom Bemis
SAN FRANCISCO (MarketWatch) -- The Tokyo Stock Exchange halted share trading 20 minutes early Wednesday, according to a report by the Associated Press. The early halt to trading was due to an order overload caused by heavy trading volume, according to the report, which cited an exchange official. Tokyo stocks plunged for a second day amid investor concern over an accounting scandal at Livedoor, an Internet company.

[kittydashwood]

Waiting for QQQQ order never filled.
Bought CFPC ENG MT AV DESC MC AOB
Lovely red everywhere but my alternative energy folder stays green apart from XSNX which is due for a pullback to the gap at 1.26 maybe?
Saw post about Cornell Tech being involved in XSNX and sooner or later they come along and pull the legs out of there tech ventures.

Hmmm still a ten bag opportunity imho