Our recommendation of Cono Italiano Inc ( OTC:CNOZ ) has finished Monday's session with more than 420% upside. This move was logged after our initial strong move alert on this stock. We recommended it for intraday trading purpose when stock has started an up move and was up just 70 %. Read More about Cono italiano Inc and other penny stock recommendation, choose from below links.
Ultimate Analysis on NIFTY Future
(17th May, 2011)
NIFTY Performed on Monday:
Today (16-5-11) Nifty opened at 5529 with a loss of 16 points, moved in the range 5488 – 5542 and closed at 5499 with a loss of 46 points. Nifty futures range was 5477 – 5537, having a difference of 60 points. Today also Nifty moved in the lower part of M2 (i.e. 5464 – 5642) though Nifty futures was in 5 – 10 points discount..
Positional Trend with Levels
Just watch closing…5459 below…!
Suppose to happen this one….then Targets of Position will be 5366-5321 for traders of short term
Note: This pull is not believable for ending of Bearish Trend but also not confirmation of Bullish fully
Small Risk Opportunity in ADVANCED (Base of Hourly oscillators) : Selling levels 5611-5629 and Short Term Targets will 5536-5476, if trades 5630 above for 10minitues…then Exit from Short Position
(Please, Note that we are long with nifty future as mentioned above paragraph, yet we try to book profit 5584 above)
Keep Patience of Accurate single and our levels
(New update will be below 5440 only)
Technical Data-Sheet on NIFTY:
Refresh your memory…?
On Friday, We sold NIFTY Future 5611-5629…! And Given Targets 5476 to subscribers and yahoo Group me.
Target achieved on Monday with Touched 5476
Yes, you can still hold with stoploss 5429 and Read below msg…!
What for Today…?
NIFTY can open 45-67 Points down…!
Selling Pressure: 5497-5522
Just watch 5449-5458 (Support for rebound)
(After breaking this support and stay below it…NIFTY Future can spoil 5421-5403 easily)
Today possibility of bounce back from opening …! But …?
***After closing 5439(Consecutive of 2 secession) below will heavy fall on face to 5357-5334 easily for positional***
Incase of 5522 crossing above with volume…then Panic will be come 5548-5569
- Facebook in Talks With Bankers About IPO Read More here
Facebook has been meeting with bank underwriters to discuss a possible initial public offering and other services, CNBC has learned. Facebook executives and banks have been discussing the size and time frame for an IPO. The social networking site is also in talks with banks about access to investor networks. Sources told CNBC that Facebook has been asking what services banks can provide besides underwriting. The meetings began in April and have lasted at least a month. Facebook had no comment.
( Source: CNBC )
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| Daily Digest Stockinvestips |
1) Abraxas Petroleum Corp. ( NASDAQ: AXAS) upgraded from hold to buy by C.K. Cooper
2) Accenture ( NYSE:ACN) upgraded from neutral to buy by UBS.
3) Cenovus Energy ( NYSE:CVE) upgraded from sector perform to outperform by RBC Capital Mkts
4) Darling Intl ( NYSE: DAR ) upgraded from hold to buy by Morgan Joseph.
5) Genpact ( NYSE:G) upgraded from neutral to buy by UBS.
6) Imperial Sugar ( NASDAQ: IPSU) upgraded from hold to buy by BWS Financial.
7) Jacobs ( NYSE:JEC) upgraded from neutral to outperform by Robert W. Baird.
8) STEC Inc ( NASDAQ: STEC) upgraded from hold to buy by The Benchmark Company.
See More here
Downgrades for May 16 2011 Monday:
1) China Shengda Packaging ( NAsDAQ: CPGI ) downgraded from outperform to perform Oppenheimer.
2) Heartland Express ( NASDAQ: HTLD) downgraded from outperform to neutral by Robert W. Baird.
3) Knight Transportation ( NYSE: KNX) downgraded from outperform to neutral by Robert W. Baird.
See More here
Coverage Initiated for May 16 2011 Monday:
1) Baker Hughes ( NYSE: BHI) coverage initiated with buy by Global Hunter Securities.
2) Basic Energy Services ( NYSE: BAS) coverage initiated with buy by Global Hunter Securities.
3) Complete Production Services ( NYSE: CPX ) coverage initiated with Accumulate by Global Hunter Securities.
4) Halliburton ( NYSE: HAL ) coverage initiated with accumulat by Global Hunter Securities.
5) Key Energy ( NYSE: KEG) coverage initiated with Buy by Global Hunter Securities.
6) RPC ( NYSE: RES ) coverage initiated with neutral by Global Hunter Securities.
7) Tranzyme ( NASDAQ: TZYM) coverage initiated with Buy by Canaccord Genuity.
8) Tranzyme ( NASDAQ: TZYM ) coverage initiated with buy by Stifel Nicolaus.
The space shuttle Endeavor embarked on its 25th and final flight on Monday,
taking the $2 billion Alpha Magnetic Spectrometer particle detector, supplies and spare parts to the International Space Station.
taking the $2 billion Alpha Magnetic Spectrometer particle detector, supplies and spare parts to the International Space Station.
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| Endaevor Space Shuttle |
Here are highlights of Endeavor's mission, which is scheduled to last 16 days:
Endeavor is carrying a new type of science instrument, called the Alpha Magnetic Spectrometer, or AMS, which will make detailed studies of high-energy cosmic rays. The device, built by an international consortium of 60 research agencies, will be mounted outside the space station.
Also aboard Endeavor are spare parts, including 10 circuit breakers, two communications antennas, a tank of ammonia coolant, a high-pressure oxygen tank for the station's airlock and a spare arm for the station's robotic crane.
Endeavor's astronauts will conduct four spacewalks to install a materials science experiment, refill an ammonia coolant reservoir and conduct other station maintenance.
A 50-foot (15-meter) extension for the shuttle's robot arm, developed for in-flight inspections after the 2003 Columbia accident, will be left behind at the station for use by its robotic crane.
The crew also will test sensors being developed for NASA's new deep-space exploration vehicle called Orion.
Endeavor will be the second of NASA's three space shuttles to be retired this year. After its mission, Endeavor will go on display at the California Science Center in Los Angeles.
( Source: Reuters )
( Source: Reuters )
Breaking News: IMF chief Dominique Strauss Kahn denied Bail and to remain jailed until next hearing of court.
A tired and grim-looking Dominique Strauss-Kahn appeared Monday before a Manhattan judge. Prosecutors had asked the judge to hold Strauss-Kahn without bail. His attorneys had suggested that prosecutors set $1 million bail and promised the IMF managing director would remain in New York City.
Strauss-Kahn is accused of attacking a maid who went in to clean his penthouse suite at a luxury hotel near Times Square. Defense attorney Benjamin Brafman says his client denies any wrongdoing.
Strauss-Kahn faces charges including attempted rape, sex abuse, criminal sex act, unlawful imprisonment and forcible touching. The top count is punishable by five to 25 years in prison.
A tired and grim-looking Dominique Strauss-Kahn appeared Monday before a Manhattan judge. Prosecutors had asked the judge to hold Strauss-Kahn without bail. His attorneys had suggested that prosecutors set $1 million bail and promised the IMF managing director would remain in New York City.
Strauss-Kahn is accused of attacking a maid who went in to clean his penthouse suite at a luxury hotel near Times Square. Defense attorney Benjamin Brafman says his client denies any wrongdoing.
Strauss-Kahn faces charges including attempted rape, sex abuse, criminal sex act, unlawful imprisonment and forcible touching. The top count is punishable by five to 25 years in prison.
US started using temporary lifeline( Pension Funds ) to continue borrowing as US debt limit reached its level. These funds might last till August 2nd 2011 as per the source, meanwhile US seeking compromise from Republicans to allow ceiling debt
limit increase in return of substantial amount of spending cut by Obama Administration.
limit increase in return of substantial amount of spending cut by Obama Administration.
U.S. Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt.
The U.S. Treasury will issue $72 billion in bonds and notes on Monday, pushing the nation right up against its borrowing cap at some point during the day, a Treasury official said.
Geithner said he would suspend investments in two government retirement funds to give the U.S. Treasury additional room to borrow.
"I will be unable to invest fully" in the civil service retirement and disability fund and the government securities investment fund, he said in a letter to congressional leaders.
The Treasury has said the suspension of the investments and other measures it could take would give the government until about Aug. 2 before it will start defaulting on obligations, such as paying bond investors.
Congress is in charge of increasing the debt ceiling, but Republicans are demanding deep cuts to federal spending for the price of their support in doing so.
Geithner reiterated previous pleas for action. "I again urge Congress to act to increase the statutory debt limit as soon as possible," he said.
( Source: Reuters)
Penny Stock Cono Italiano Inc ( OTC:CNOZ ) company has announced a new
microwaveable pizza product to be available in North America in a press release and penny stock of the company shoot 70 % up smartly with exceptionally high volumes and also, up move is convincing. It might be a good opportunity to trade intraday.
microwaveable pizza product to be available in North America in a press release and penny stock of the company shoot 70 % up smartly with exceptionally high volumes and also, up move is convincing. It might be a good opportunity to trade intraday.
Below is the Press release:
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| Coni Italiano Pizza Logo |
PRNewswire-- Cono Italiano, Inc. (OTCBB: CNOZ), the exclusive license holder of the North American Distribution and Manufacturing rights for "Pizza Cono", a cone-shaped "on-the-go" pizza food product, today announces it will soon offer the Pizza Cono as a microwavable product, in addition to its existing variations.
Cono Italiano, Inc. and their licensor Spuntibreak.s.r.l., Pizza Hands, inventor of Pizza Cono in Milan Italy, will be offering an individual cone available in six flavors that can be easily prepared in a new microwaveable box. Cono Italiano. Inc. and RJM Foods, a food distributor for Cono Italiano, Inc., will be importing the product to sell in the U.S. to convenience stores and supermarkets.
"The ability to offer an individual cone in a microwave box will afford Cono Italiano, Inc. the opportunity to introduce the product to movie theatres, stadiums and arenas, and other venues with high traffic where food is sold in high volume," stated CEO Mitchell Brown. "We have been in contact and had discussions with some of the largest food franchises in the U.S. who are interested in incorporating Pizza Cono on their everyday menu. It is anticipated that this product will be instrumental in the growth of the company and generate significant revenue in 2011."
Penny Stock Mobile Data Corp ( OTC: MBYL ) up 28 % with an announcement
to launch a software application MDC-KidTracker™ through blackberry app platform on May 13 2011. Stock reacted today as it moved up 28 %. As per our recommendation, trader might consider to stay away as volumes are not convincing compare to its price.
to launch a software application MDC-KidTracker™ through blackberry app platform on May 13 2011. Stock reacted today as it moved up 28 %. As per our recommendation, trader might consider to stay away as volumes are not convincing compare to its price.
Below is the press release:
MDC (Mobile Data Corp) announces, further to its Press Release dated March 18, 2011, that its recently released MDC-KidTracker™ software application has been approved by BlackBerry AppWorld and can be downloaded directly from BlackBerry AppWorld through the following link: http://appworld.blackberry.com/webstore/content/34452?lang=en
The MDC-KidTracker™ Is a software application that tracks the whereabouts of BlackBerry smartphones and provides up to the minute reporting of current location and recent location data points. Some unique reporting features are available including the following:
Distance Alert Notification
The Distance Alert Notification is sent to the subscriber's preferred email address as soon as the MDC-KidTracker™ detects that the device has gone beyond the parameters set from an originating tracking point. For example, a parent may select a two mile radius from a home address within which it is acceptable for a child to be located. Should the device that is being tracked - and presumably the child along with it - exceed the two mile radius, a parent will receive a Distance Alert Notification indicating that the device has traveled beyond the pre-defined distance from the originating point. A parent can then immediately sign in to their account on the MDC website, either on their own computer or remotely, and see the most recent data points transmitted through the MDC-KidTracker™ GPS tracking application and determine where their child is currently and how he/she got there . This function allows for a user to generate reports based on any desired time frame; from the last five minutes to the last five hours, or even five days and beyond.
Primedia Inc ( NYSE:PRM ),company is in the news after announcement that TPG capital is bidding for takeover of the company at $ 7.10 per share.
Stock of the company is trading close to $ 7 and up 60 % from its Friday's closing price.
Below is the press release:
(BUSINESS WIRE)--PRIMEDIA Inc. (NYSE: PRM) today announced that it has entered into a definitive agreement to be acquired by affiliates of TPG Capital.
“We believe the Company will benefit from the continuing secular transition from print to digital media and we look forward to building upon the Company’s innovative products and services for consumers searching for the ideal place to live.”
Under the terms of the agreement, holders of the outstanding common shares of PRIMEDIA will receive $7.10 per share in cash, representing a transaction enterprise value of approximately $525 million. The agreement was unanimously approved by the Board of Directors of PRIMEDIA and the independent directors of the Board.
Charles Stubbs, President and CEO of PRIMEDIA, said, “I am pleased to announce this agreement as it delivers significant value to our shareholders. In addition, it is a clear endorsement of PRIMEDIA and of the hard work and commitment of each and every one of our employees. TPG is a premier private investment firm and has a strong understanding and appreciation for our marketplace, our business model, our business strategies and the potential opportunities that lie ahead. We are very excited about this transaction.”
"PRIMEDIA is a leading resource for consumers in search of housing," said David Trujillo, TPG Principal. "We believe the Company will benefit from the continuing secular transition from print to digital media and we look forward to building upon the Company’s innovative products and services for consumers searching for the ideal place to live."
The transaction is subject to customary closing conditions, including, among other things, expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. There is no financing contingency. The transaction is expected to close in the third quarter of 2011.
Stockholders holding approximately 58% of the outstanding PRIMEDIA common stock have executed a written consent approving the transaction. Therefore, no additional PRIMEDIA stockholder action is required to complete the transaction.
Moelis & Company, LLC is acting as exclusive financial advisor to PRIMEDIA and has provided a fairness opinion to the Board of Directors of PRIMEDIA. Lazard Freres & Co. LLC provided a fairness opinion to the independent directors of the PRIMEDIA Board. Simpson Thacher & Bartlett LLP served as the Company’s outside counsel and Gibson Dunn & Crutcher LLP served as counsel for PRIMEDIA’s independent Board of Directors.
Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to TPG Capital. Barclays Capital, UBS Investment Bank and Bank of America Merrill Lynch acted as M&A advisors to TPG Capital.
Stock of the company is trading close to $ 7 and up 60 % from its Friday's closing price.
Below is the press release:
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| Primedia Inc logo |
(BUSINESS WIRE)--PRIMEDIA Inc. (NYSE: PRM) today announced that it has entered into a definitive agreement to be acquired by affiliates of TPG Capital.
“We believe the Company will benefit from the continuing secular transition from print to digital media and we look forward to building upon the Company’s innovative products and services for consumers searching for the ideal place to live.”
Under the terms of the agreement, holders of the outstanding common shares of PRIMEDIA will receive $7.10 per share in cash, representing a transaction enterprise value of approximately $525 million. The agreement was unanimously approved by the Board of Directors of PRIMEDIA and the independent directors of the Board.
Charles Stubbs, President and CEO of PRIMEDIA, said, “I am pleased to announce this agreement as it delivers significant value to our shareholders. In addition, it is a clear endorsement of PRIMEDIA and of the hard work and commitment of each and every one of our employees. TPG is a premier private investment firm and has a strong understanding and appreciation for our marketplace, our business model, our business strategies and the potential opportunities that lie ahead. We are very excited about this transaction.”
"PRIMEDIA is a leading resource for consumers in search of housing," said David Trujillo, TPG Principal. "We believe the Company will benefit from the continuing secular transition from print to digital media and we look forward to building upon the Company’s innovative products and services for consumers searching for the ideal place to live."
The transaction is subject to customary closing conditions, including, among other things, expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. There is no financing contingency. The transaction is expected to close in the third quarter of 2011.
Stockholders holding approximately 58% of the outstanding PRIMEDIA common stock have executed a written consent approving the transaction. Therefore, no additional PRIMEDIA stockholder action is required to complete the transaction.
Moelis & Company, LLC is acting as exclusive financial advisor to PRIMEDIA and has provided a fairness opinion to the Board of Directors of PRIMEDIA. Lazard Freres & Co. LLC provided a fairness opinion to the independent directors of the PRIMEDIA Board. Simpson Thacher & Bartlett LLP served as the Company’s outside counsel and Gibson Dunn & Crutcher LLP served as counsel for PRIMEDIA’s independent Board of Directors.
Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to TPG Capital. Barclays Capital, UBS Investment Bank and Bank of America Merrill Lynch acted as M&A advisors to TPG Capital.
