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Was Wells Fargo Joking When It Said Gold Is In A Bubble?
Wednesday, August 17, 2011 - 1:20pm | 480Read More...Some holders of gold must have been spooked out of their gold Tuesday when the analysts at Wells Fargo Private Bank (NYSE: WFC) said gold was in a bubble. Not only did they say gold was in a bubble, but it was in a "bubble that is poised to burst." You have to wonder if it was a cruel joke to get...
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Who Hearts GLD? Some Hedgies Do, Others Not So Much
Tuesday, August 16, 2011 - 2:49am | 274Read More...It might be impossible for one to love gold as much as Auric Goldfinger, the fictional character from the James Bond movie bearing that last name, but some hedge fund managers certainly do love the yellow metal while others are showing a waning taste for the classic safe haven investment. Love for...
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Twitter Hedge Fund Knows More Than John Paulson
Friday, August 12, 2011 - 1:59pm | 204Read More...It's been a rough few weeks for John Paulson, of Paulson & Co., but not everyone in the hedge fund industry has has it rough recently. There is an article on CNBC that London-based hedge fund Derwent Capital Markets, actually had a strong first month of trading. The Derwent Absolute Return...
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John Paulson Capitulates; Sells Bank Stocks
Thursday, July 21, 2011 - 3:55pm | 355Read More...Reuters is reporting that John Paulson told investors in his sprawling hedge fund, Paulson & Co., that his bets were "too aggressive" and that he is trimming back on some of his riskiest positions. In a conference call, he said that he has pared positions in bank stocks that have significant...
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Transocean Says Rig Stable Now
Wednesday, July 6, 2011 - 2:58pm | 80Read More...Transocean (NYSE: RIG) just issued a report saying the rig in question is stable at this time. As such, shares are moving off the lows, with shares off $2.22 to $62.05, a loss of 3.45% after having been down much more than that after the rumor/news hit. In an interesting tidbit, John Paulson's...
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CNBC Reporting Paulson Dumps Bank of America Block
Thursday, June 30, 2011 - 12:20pm | 51Read More...CNBC's Kate Kelly is reporting that John Paulson's Paulson & Co hedge fund has sold a large chunk of its Bank of America (NYSE: BAC) stock. At last check, shares of Bank of America were off 14 cents to $11.00, a loss of 1.4% on 130 million shares.
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Chinese Stocks Soaring As Worries Subside A Bit
Monday, June 27, 2011 - 1:05pm | 178Read More...Chinese stocks that had been hit by the likes of Sino-Forest and other frauds are rising sharply today, as the major market averages are all up roughly 1% on the day. Names like Baidu.com, Inc. (NASDAQ: BIDU), Sina Corporation (NASDAQ: SINA), Shanda Interactive Entertainment Ltd ADR (NASDAQ: SNDA...
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3.5 Reasons Why Not to Short the World, China, or Apple
Wednesday, June 22, 2011 - 12:13pm | 765Read More...I was feeling negative about everything. I wanted to tell Copernicus's ghost that I subscribed to the geocentric view and was placing a bet that the center of the universe was about to implode. I was even preparing to short Apple (NASDAQ: AAPL). Then I had drinks with The Renewable Man Tuesday...
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Examining Chinese Reverse-Mergers: Market Cap Then and Now [INFOGRAPHIC]
Tuesday, June 21, 2011 - 6:15pm | 394Read More...It seems as though Chinese stock frauds have dominated the news in recent weeks. Even CNBC viewers are aware of the collapse of such companies as Sino Forest, RINO, and China Media Express. After scathing reports and fraud allegations by research firms like Muddy Waters, these companies have seen...
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Sino-Forest Publishes New Documents Refuting Muddy Waters Claims
Friday, June 17, 2011 - 12:05pm | 249Read More...Sino-Forest Corp. has published new documents in the company's data room that it believes refute the claims by Muddy Waters LLC that one of the companies it has done business with is actually a subsidiary of Sino-Forest. Muddy Waters, which is run by Carson Block, said that a company known as...
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Paulson's Biggest Fund Loses 20% In 2011
Thursday, June 16, 2011 - 12:39pm | 176Read More...According to reports in Reuters, Paulson & Co.'s Advantage Plus hedge fund is down around 20% for 2011 after losing 13% in the first two weeks of June. The fund was hit hard by the implosion of Sino-Forest (PINK:SNOFF), which has lost 83.66% in the last month, after a short-seller's report...
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Take a Lesson from a Billionaire: How to Take a Loss
Monday, June 6, 2011 - 7:02am | 222Read More...Sometimes the hardest lesson for an investor to accept is the most painful one: a trading loss. But investors should take solace in the fact that everybody makes bad trades. Take billionaire hedge fund titan John Paulson as an example. The asset manager is famous for making a killing for betting...
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John Paulson Makes Bold Claim On Bank Of America
Thursday, June 2, 2011 - 10:06am | 87Read More...Legendary hedge fund investor John Paulson is out with some bold comments on Bank of America (NYSE: BAC) this morning that is catching many off guard. Paulson, who runs Paulson & Co. said that Bank of America will be at $30 per share by the end of 2011. Shares are currently trading at $11.13...
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Zings Of The Day (HPQ, GOOG)
Tuesday, May 17, 2011 - 3:52pm | 95Read More...Paulson & Co. took a $1 billion stake in Hewlett-Packard Co. (NYSE: HPQ) it disclosed in a 13-F yesterday. Yeaaaa, about that stake. It's a little lighter now. Google Inc. (NASDAQ: GOOG) sold some $3 billion worth bonds, as it takes advantage of low corporate interest rates. I wonder how...
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What Forces are Moving the Dollar?
Tuesday, May 17, 2011 - 3:24pm | 656Read More...In the past year, the U.S. dollar has declined against virtually every currency and commodity. Will the dollar continue to decline, or is the dollar's recent rally the start of a trend? The U.S. dollar index was over $88 in June 2010. The index currently has a value just over $75 and reached its...

