July 2nd 2011

Cisco Systems, Inc (CSCO) – Amazing 3 Month Cycle Of Highs

Every now and then you come across a market that displays a wonderful cyclical pattern which is why I’d like to show you  Cisco Systems, Inc (CSCO)  3 month cycle of highs. In the above daily chart of CSCO you will notice that every 3 months this stock tends to rally and then sells off. Obviously this cycle is heavily influenced by earnings and the sentiment of traders. If you look closely at the chart, you can really appreciate how accurate this cycle has been. The next cyclical high for CSCO is due in early August.  Will the cycle of highs continue to work as accurately as it has in the past? Well that remains to be seen but I’ll tell you one thing, if this stock is rallying into early August, it might be worth looking at as a possible short. Cisco Systems Inc. (CSCO) closed today at 15.36 which was down 0.97% from Tuesday’s close.

Tags: Cisco Systems, Highs, Month Cycle

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July 2nd 2011

(EXL) Excel Trust Completes Share Offering

Excel Trust, Inc. (EXL) recently completed the public offering of 12.5 million shares of its common stock, which was previously announced. Apart from this, it also completed the sale of 1.875 million additional shares of its common stock thereby fully exercising the over allotment option granted to the underwriters.

Sold at a price of $10.94 per share, the company received gross proceeds of approximately $157 million. After taking into account the underwriting discount and other expenses related to the offering, the net proceeds work out to approximately $150.2 million.

During the first quarter 2011 Excel Trust had signed a contract to purchase The Promenade, a retail shopping center located in Scottsdale, Arizona spanning 433,000 square feet for approximately $110 million. The net proceeds generated from the offering will be used to fund a portion of the purchase price of The Promenade, to repay the outstanding debts under its unsecured revolving credit facility, for future acquisitions and for other general corporate purposes.

During the first quarter of 2011, Excel Trust reported Funds from Operations (FFO) of $3.4 million or 17 cents per share.

Full Article…

Tags: Excel Trust, Offering

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July 2nd 2011

China Sunergy (CSUN) Announces Major Capacity Expansion To Produce Next Gen Solar Cells

Despite continued concerns about a solar slowdown in Italy and Germany across the solar industry, China Sunergy (CSUN) is forging ahead with a plan to by con-investing $1.8 billion (RMB) in a 1GW expansion project. The first batch of 500MW is expected to be commercialized within a year. China Sunergy will be producing its newly developed Quasar cells with an increased efficiency of 18.85% and hopes to achieve 20% efficiency with them within two years. Full Article…

Tags: China Sunergy, Solar

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July 2nd 2011

Cisco to Exit Flip Video-Cam Business

Cisco Systems Inc., (CSCO) the world’s largest maker of computer networking gear, on Tuesday said it’s killing its Flip camcorder business as part of a reversal of years of efforts at diversifying into consumer products.

The about-face comes after several quarters of disappointing results and challenges in its core businesses. Analysts say the company has been trying to do too many different things.

A week ago, CEO John Chambers acknowledged the criticism, sending employees a memo vowing to take “bold steps” to narrow the company’s focus.

The San Jose, Calif., company said Tuesday that it expects its consumer business shakeup will result in the loss of 550 jobs, or less than 1 percent of its work force of about 73,000.

It also expects to take restructuring charges of no more than $300 million spread out over the current quarter, which ends April 25, and the following one.Cisco bought Pure Digital Technologies Inc., the maker of the Flip camcorder, for $590 million in 2009, just two years after the San Francisco-based company made its first camera. Full Article…

Tags: Business

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July 1st 2011

A Bottom-Fishing Investor’s Heyday

Yesterday, Jared told you about the huge price moves in MasterCard (MA:NYSE) and Visa (V:NYSE). That was a great call on his part. But he also talked about a style of investing called “bottom-fishing.”

Bottom-fishers look for severely beaten-down stocks they can pick up for cheap. Their theory is that these stocks have fallen so much that they couldn’t possibly fall any farther. That means it’s time to buy. You can make a lot of money with this style of investing.

Like Jared said, “Unrealized potential can create huge gains in a stock.” Jared also said, “But you must do your homework and know a great deal about a company and its sector.”

Bottom-fishing isn’t for everyone.

You have to do a lot of research for every stock you want to invest in.

Full Article…

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