| Commentary / Wall Street: Always an insider's game
Decades ago, while observing the vast yacht of Wall Street titan J.P. Morgan -- the largest in the world -- one investor muttered, "But where are the customers' yachts?" Recently, an academic who documented that corporate CEOs buy huge mansions by unloading large amounts of stock before their companies tank asked, "Where are the shareholders' mansions?" .
Traders seek present from shorting Debenhams
Short sellers have sold more than 200m shares in the retailer they do not own ahead of Debenhams' trading update later this month, according to Data Explorers, a research company that monitors stock lending to detect short-selling. "Hedge funds have been shorting Debenhams' stock since June last year, but we have seen exceptional borrowing activity during the last week," said Alex Hoffman of Data Explorers. .
A Market of Haves and Have-Nots
But Tuesday's session showed just how different the momentum leaders are. They kept rising while the others -- the have-nots - saw their technical buy signals erased. Another have vs. have-not condition dogging the market is the heavy numbers of new 52-week highs and new 52-week lows at the same time. While major indexes are still within spitting distance of all-time watermarks, the presence of all those new highs is to be expected. However, the number of stocks reaching 52-week lows is quite inconsistent with a healthy market. We need not get into the esoteric indicators that deal with such events but simply wonder why on average three to four percent of all issues traded each day are at the lowest point they've been in a year while the indexes are near their highs. Strength in the indexes is masking something wrong beneath the surface and we only have to look back to the July peak for the last time this condition existed.
Quepasa Corporation Receives $7 Million in Financing from Investor ...
SCOTTSDALE, Ariz., Jan. 29 /PRNewswire-FirstCall/ Quepasa Corporation (NASDAQ: QPSA) , one of the world's largest, bicultural, Latino online communities, has entered into financing agreements with Mexican and Americans Trading Together, Inc. ("MATT") and Richard L. Scott Investments, LLC ("RLS"), to provide Quepasa with $7 million of working capital. MATT and RLS are two of the company's largest investors. "We welcome this capital infusion and vote of confidence by these two significant shareholders. We believe this infusion of capital will enable us to execute on our vision, which is to create a truly unique social Hispanic experience at Quepasa.com. We expect to introduce some innovative networking concepts that will be new to both the Latino and Anglo markets," stated John C.
Guardsmen on smuggling charges
Sounds like the start of a stand up comedy routine. But it's no joke. Because this is our country we're talking about; and the three front runners for the Democratic party nomination really are an African American, a woman and a white "son of the south."As a black woman, I find it quite amazing that, in a year when many thought the big news would be Hillary's very real chance to become the first female president, Barack has entered the scene to give her a run for her money and for a place in history.Of course, both candidates do not want you to vote on the basis of race or gender. But there's that third fella -- the one who stands to benefit from all the recent bickering between the front runners: John Edwards.While the other two square off over "fairy tales" and the relative legacies of Dr.
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