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Lehman Boots Top Brass

In an attempt to stop the bleeding at Lehman Brothers Holdings (LEH, $22.70, down $1.05), the company cut ties with its Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory. This after announcing a $3 billion loss for the quarter and a $6 billion stock offering. The newsRead more

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Dude! InBev Makes Offer

InBev announced an unsolicited $46 billion bid for Anheuser-Busch (BUD, $62.70, up $4.35) after the market closed on Wednesday pushing the shares higher at the open this morning. AB said it would “evaluate” the $65 a share offer but many believe InBev is going to need to raise the bidRead more

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Potash Not Done Peaking

Potash (POT, $227.05, up $6.49) is trading higher this morning after saying they “have a lot of pricing power” and “we’re nowhere near peak pricing” according their CEO, Bill Doyle. He also added the company was poised for significant growth over the next five years saying soaring grain prices willRead more

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Marvel Entertainment Up Despite Downgrade

Exide Technologies Rights Ship, Stock Falls

Like Big Brown going for the Triple Crown, Exide Technologies (XIDE, $17.44, down $0.05) busted out of the gate but ended up finishing behind the pack when it was over. The stock opened at $19.62 or nearly $2 higher than Friday’s close before ending the day lower. We knew theRead more

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Apple Falls on iPhone Details

The weakness in Apple (AAPL, $181.61, down $4.03) continued from the opening bell yesterday and actually got worse as the company was unveiling its latest iPhone. The biggest news by far was that the iPhone 3G will sell for $199 for an 8GB version and $299 for a 16GB version.Read more

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Lehman Comes Clean

Lehman Brothers Holdings (LEH, $29.48, down $2.81) confessed to the market yesterday about what the company’s plans were for raising money and how big of a loss it would have for its current quarter. Both figures were higher than what The Street was expecting. Much higher. The company announced plansRead more

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McDonald's Is "Lovin' It"

McDonald’s (MCD, $59.20, up $2.25) is trading up 4% today after reporting world-wide sales for May were up nearly 8% at established restaurants. Overseas sales have really been the company’s bread-and-butter growth driver as they have been well ahead of domestic sales for some time at McDonald’s. The company’s newRead more

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Apple In Focus

The wait is over. Today, Apple (AAPL, $185.64, down $3.79) will hold its annual developers’ conference which is always an event. While everyone is expecting the company to unveil the newest version of its iPhone, will Steve Jobs pull the rabbit-out-of-the-hat trick? Many believe the new iPhone will look muchRead more

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Trading An Index

I received quite a few emails over the weekend asking how to buy index options. Below is a brief introduction and how some option contracts traded on the Dow, Nasdaq, and S&P 500. Each index lost 3% Friday. Dow Jones Industrial Average Index DJX (122.10, down 3.94) is the symbolRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.