Monday, December 3, 2007

12/3/07

Economics

a rising tax and regulatory burden (Government has never proven that it could solve economic problems efficiently or satisfactorily.)

http://article.nationalreview.com/?q=NjUwMTk3OWY4MDU4ZGNhNTMyNDUzODU2ZGMyNTNkMGM=

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

News on Stocks in Our Portfolios

There was a pretty rough article in Barron’s this weekend on ParkerVision (hat tip to a subscriber for alerting me). Here is the company’s response:

http://www.marketwatch.com/news/story/story.aspx?guid={3937227B-7D68-471C-86C4-2EDD33946EF2}&siteid=nbs&symb=

The author of the Barron’s article is tied into a network of hedge funds that specialize in shorting relatively illiquid stocks and then taking them down. When you invest in small companies with new technologies whose stock valuation anticipates significant revenues and earnings based on that new technology, you inevitably have to deal with this group. Some time they are right in their analysis but sometimes they are wrong. However, in either case, they establish their short positions then use their media contacts (Barron’s is one of their favorites) to write deceptive and oft erroneous ‘research’ articles to drive the stock price down allowing them to ‘cover’ their short at a profit. It would seem that this is happening to ParkerVision. If the stock trades down big, the Aggressive Growth Portfolio will likely buy back some or all of the one half position that it Sold when the stock initially doubled.

More Cash in Investors’ Hands

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