Leonard The Monkey

on Wednesday

Except today it was 10%

On another note:

Huizhi Xiao is a totally corrupt fraud who should be executed in China. Sykes called this one right.

SEC Filing

And a final note I just finished my new book:

I expect big things.

FNM will be nationalized, the government can't go around giving ten's of billions to public companies... can they? The way this is handled has ramification for some other companies ala F and GM. To be or not to be.
NJWVB heavy volume Oct. 2.50 Puts

With the way energy is trading look for a large pull back if Gustaf does not rip the heads off of the RIG and PBR Gulf platforms. Needs to take out a gas pipeline as well.

GA reported a good number considering the conditions they had to work through like the earthquake. They are moving towards not fleecing their current customers so much so they will have to deal with that next qtr but they will have double the amount of games by this time next year and the stock is priced like they will not have any growth in the future. That's wrong. I'll continue to buy dips. CC at 8 am est tomorrow.

Also of great importance is my FF draft this weekend.

Willis McGahee and Julius Jones will be busts this year.

Hopefully someone else caught the non-move in TXRH this morning off of the DRI news. TXRH was one of the late ones this morning to start moving down and was easy to pick off.

BTW: I'm posting my day trades in the comments section's in case you have missed them. If you registered as a user you can choose to get emails on the comments as well as the posts.

It's all free.

Seeing that the U.S. housing market and therefore the banking system still has a long way to go before reaching the light at the end of the tunnel I am looking elsewhere to purchase some stocks in a longer term portfolio. With the Olympics just ending and the Chinese market looking like it may be stabilizing after a 62% drop thanks to some possible government intervention to help things out I have started scanning Chinese stocks that have strong growth, low PE's and good management.

Due to the fact that China is a communist country caution is warranted, but I wanted to start nibbling at some of these companies that came up and peaked my interest.

To start with JST just reported a strong qtr. and the stock looks poised to breakout of it's triangle pattern to the upside. These guys make transformers for electrical grids and installations. As long as they continue to execute there certainly is a lot of potential growth ahead of them.

One thing I like about Chinese stocks is that they have the potential for so much more growth, I mean oh no there slowing down to a 8.9% GDP growth. I'd rather be faced with that then our slightly positive (later to be revised to negative) growth.

GA is software company with the goal of becoming the largest online game operator in Asia. This is a company with 832 mil in cash and 177 mil in liabilities. They operate ZT online which is one of the large online multi-player role based games in the world and which recently set records for having over 1.5mil user online at the same time. For those of you that aren't big video gamers just know that these online role playing games are more then just a game to these players it is an addiction. People live their lives around these things and desire the realities of the online world over that of the real world. All of that and it doesn't give you lung cancer - that's my kind of product. Oh and 80% margins.

Gushan Environmental Energy is a Chinese biodiesel fuel producer. They have the highest yield of any of my Chinese stocks at 4.5% and still sport a PEG under 1 This with estimated earnings growth of over 50% next year.

CDS takes majority stakes in Chinese companies and then uses their scale and connections to help make them more profitable. Their biggest business involve magnesium and the company has a 30% projected growth rate and a PE under 10 and a PEG under .5 I consider this one to be the most speculative of the bunch. They are looking at doing a large JV which would be great if they can get the financing.

As long as China doesn't go all Putin rampage like, these stocks have some excellent price appreciation potential.

More tomorrow...

Not so pretty and it's not getting any better anytime soon...

The Columbian Bank and Trust
Topeka, Kansas
Aug. 25, 2008
$752 million in assets
$622 million in deposits
$60 million cost to FDIC

First Priority Bank
Bradenton, Fla.
Aug. 1, 2008
$259 million in assets
$227 million in deposits
$72 million cost to DIF (Deposit Insurance Fund)

First National Bank of Nevada
Reno, Nev.
July 25, 2008
$3.4 billion in assets
$3.0 billion in deposits
$862 million cost to DIF (includes losses from First Heritage Bank)

First Heritage Bank
Newport Beach, California
July 25, 2008
$254 million in assets
$233 million in deposits (see above)

IndyMac Bank
Pasadena, Calif.
July 11, 2008
$32.01 billion in assets
$19.06 billion in deposits
$4 billion to $8 billion cost to DIF

First Integrity Bank
Staples, Minn.
May 30, 2008
$0.055 billion in assets
$50.3 million in deposits
$2.3 million cost to DIF

ANB Financial
Bentonville, Ark.
May 9, 2008
$2.1 billion in assets
$1.8 billion in deposits
$214 million cost to DIF

Hume Bank
Hume, Mo.
March 7, 2008
$18.7 million in assets
$13.6 million in deposits
Cost to DIF now known

First National Bank
Kansas City, Mo.
Jan. 25, 2008
$58.5 million in assets
$53.8 million in deposits
$5.6 million cost to DIF

Coming up next week maybe China Mobile can help the Chinese market put in that bottom.

GA will be the one I'm watching closely and I expect that the earthquake and now the Olympics have slowed growth a little bit for them but those are temporary and if it can get to 8.50 I'll double up.

ENER is insane and I remember the last qtr they reported and I though $45 was way too expensive. Even if oil keeps going up this group just seems like all the good news is in there. Good for momo day trades though.

SHLD and ZLC are shorts.

8/25/2008
Nothing I care about

8/26/2008
BIG Big Lots, Inc. Q2 2008 $ 0.27 26-Aug
JCG   J. Crew Group, Inc. Q2 2008 $ 0.33  26-Aug AMC

8/27/2008
CHLKF.PK   China Mobile Interim 2008 n/a  27-Aug
DLTR   Dollar Tree Stores Q2 2008 $ 0.41  27-Aug
JAS   Jo-Ann Stores, Inc. Q2 2009 -$ 0.66  27-Aug AMC
SOLF   Solarfun Power Holdings Co. Ltd. Q2 2008 $ 0.22  27-Aug BMO
GA Giant Interactive Q@ 2008 $0.20 27-Aug AMC

8/28/2008
DELL   Dell, Inc. Q2 2009 $ 0.36  28-Aug AMC
DGE.L   Diageo PLC Prelim 2008 n/a  28-Aug BMO
ENER   Energy Conversion Devices Q4 2008 $ 0.16  28-Aug BMO
PETM   PetSmart Q2 2008 $ 0.28  28-Aug AMC
SHLD   Sears Holdings Corp Q2 2008 $ 0.33  28-Aug BMO
ZLC   Zale Corporation Q4 2008 -$ 0.57  28-Aug

Monday, August 25, 2008

10:00a.m. Jul Existing Home Sales: Previous: -2.6%.
10:30a.m. Aug Dallas Fed Mfg Production Index: Previous: 0.0.

Tuesday, August 26, 2008

7:45a.m. ICSC Chain Store Sales Index For Aug 23:
8:55a.m. Redbook Retail Sales Index For Aug 23:
10:00a.m. Jul New Home Sales: Previous: -0.6%.
10:00a.m. Aug Conference Board Consumer Confidence: Previous: 51.9.
10:00a.m. Aug Richmond Fed Manufacturing Index: Previous: -16.
5:00p.m. ABC/Wash Post Consumer Conf For Aug 24:

Wednesday, August 27, 2008

8:30a.m. Jul Durable Goods Orders: Previous: +0.8%.

Thursday, August 28, 2008

8:30a.m. Initial Jobless Claims For Aug 23 Week:
8:30a.m. 2Q GDP, Prelim: Previous: +1.9%.
8:30a.m. 2Q Corporate Profits, Prelim:
10:00a.m. DJ-BTMU Business Barometer For Aug 9:

Friday, August 29, 2008

8:30a.m. Jul Personal Income: Previous: +0.1%.
8:30a.m. Jul Personal Spending: Previous: +0.6%.
9:45a.m. Aug Chicago PMI: Previous: 50.8.
9:55a.m. End-Aug Reuters/U Mich Sentiment Index:

Ok - this has been easy money for the last month.

Refiner - TSO

If they continue to stagnate in the 16-17 area and oil shows a greater then expected build and gasoline inv is down then BUY BUY BUY TSO for a quick 3-5% gain!

Then Sell Sell Sell TSO and take the gain.

Next Wednesday, try not to forget.

Another fund I keep a close eye on. David Einhorn is money.

Notable New Stakes:
Dr Pepper Snapple Group, Inc. (NYSE: DPS) new 7,284,200 share stake (Note: spin-off from Cadbury)
Teradata Corporation (NYSE: TDC) new 3,775,000 share stake
Unitedhealth Group, Inc. (NYSE: UNH) new 1,955,00 share stake
Verasun Energy, Corp. (VSE) new 1,767,311 share stake
Republic Airways Holdings Inc. (RJET) new 965,789 share stake

Notable Raised Stakes:
Helix Energy Solutions Group, Inc. (NYSE: HLX) from 6,236,854 shares to 7,017,093 shares

Notable Lowered stakes
Microsoft (Nasdaq: MSFT) lowered from 14,945,000 shares to 9,991,300 shares
Target (NYSE: TGT) from 8,395,631 shares to 7,000,000 shares
URS Corp. (NYSE: URS) from 3,875,000 shares to 2,552,228 shares
Discover Financial Services (NYSE: DFS) from 3,288,900 shares to 0

Notable Maintained stakes:
Ameriprise Financial Inc. (NYSE: AMP) 6,660,407 shares.

This is fun.

"(AP) A former restaurant cook who has pleaded guilty to a food-tampering charge in Washington County has been sentenced to six months behind bars and three years probation." Turns out after a customer complained last February at a Texas Roadhouse in West Bend, Wisconsin, 24-year-old Ryan Kropp put hairs in the man's steak. This is why I warn my family never to complain in a restaurant.

"Kropp apologized in court," says the story, and was given work release. But the customer still wasn't happy.

"Kevin Hansen says he doesn't accept his apology and Kropp deserves more time. He says he and his family don't eat out anymore."

If you don't know better this is not a TXRH specific problem... be nice to your servers!

Off to dinner.

One of the few I follow closely.

New Stakes:
American Superconductor Corporation (Nasdaq: AMSC) 335,000 shares
Cabot Corp. (NYSE: CBT) 465,000 shares
Canadian Natural Resources Limited (NYSE: CNQ) 300,000 shares
Chesapeake Energy Corp. (NYSE: CHK) 500,000 shares
Comstock Resources Inc. (NYSE: CRK) 250,000 shares
ENERGY XXI LTD (Nasdaq: EXXI) 19,561,800 shares
Orion Marine Group, Inc (Nasdaq: OMGI) 1,144,700 shares
Petrohawk Energy Corp. (NYSE: HK) 800,000 shares
Petroleo Brasileiro (NYSE: PBR) 500,000 shares
Public Service Enterprise Group Inc. (NYSE: PEG) 2,150,000 shares
SandRidge Energy, Inc. (SD) 1,000,000 shares
SPDRs (AMEX: SPY) 458,400 shares
St. Mary Land & Exploration Co. (NYSE: SM) 650,000 shares
Starwood Hotels (NYSE: HOT) 425,000 shares
TELEPHONE & DATA SYS (NYSE: TDI) 520,000 shares
Teradata Corporation (NYSE: TDC) 2,300,000 shares
Tibco Software Inc. (Nasdaq: TIBX) 3,700,000 shares
XTO Energy Inc. (NYSE: XTO) 300,000 shares

Raised Stakes
AK Steel (NYSE: AKS) from 500,000 to 1,000,000 shares
American Eagle Outfitters Inc. (NYSE: AEO) from 4,300,000 to 5,000,000
BioFuel Energy Corp. (Nasdaq: BIOF) from 1,250,000 to 5,578,800
EMCORE Corp. (Nasdaq: EMKR) from 250,000 to 750,000
Leap Wireless International Inc. (Nasdaq: LEAP) from 2,000,000 to 2,600,000
Maguire Properties Inc. (NYSE: MPG) from 3,350,000 to 4,225,000
PHH Corporation (NYSE:PHH) from 1,900,000 to 2,000,000
PHOENIX COS (OTC: PNXZL) from 4,400,000 to 5,690,000
Plains Exploration (NYSE: PXP) from 2,050,000 to 4,099,999
Questar Corp. (NYSE: STR) from 3,500,000 to 3,900,000
Thompson Creek Metals Company Inc. (NYSE: TC) from 3,100,000 to 4,100,000

Lowerd Stakes:
Applied Biosystems Inc. (NYSE: ABI) from 575,000 to 0
Atmel (Nasdaq: ATML) from 10,000,000 to 0
BCE (NYSE: BCE) from 500,000 to 0
Capitol Acquisition Corp. (AMEX: CLA) from 450,000 to 0
Canadian Imperial Bank of Commerce (NYSE: CM) from 119,800 to 0
Chipotle Mexican Grill, Inc. (NYSE: CMG) from 110,000 to 0
Coherent Inc. (Nasdaq: COHR) from 200,000 to 0
Cypress Semiconductor Corporation (NYSE: CY) from 4,800,000 to 0
Daimler AG (NYSE: DAI) from 487,000 to 0
Flow International Corp. (Nasdaq: FLOW) from 5,060,000 to 4,560,000
Gentium S.p.A (Nasdaq: GENT) from 543,000 to 0
GLG Partners, Inc. (NYSE: GLG) from 4,525,000 to 3,000,000
Huntsman Corp. (NYSE: HUN) from 4,300,000 to 0
ImClone (Nasdaq: IMCL) from 635,000 to 0
Mastercard Incorporated (NYSE: MA) from 1,600,000 to 1,500,000
MeadWestvaco Corporation (NYSE: MWV) from 4,000,000 to 2,500,000
Mirant Corp. (NYSE: MIR) from 2,400,000 to 0
Motorcar Parts of America Inc. (Nasdaq: MPAA) from 1,000,000 to 986,700
Mylan (NYSE: MYL) from 4,100,000 to 0
Overture Acquisition Corp (AMEX: NLX) from 500,000 to 0
UltraShort QQQ ProShares (AMEX: QID) from 350,000 to 0
Safeway Inc. (NYSE: SWY) from 1,200,000 to 1,000,000
SiRF Technology Holdings Inc. (Nasdaq: SIRF) from 3,000,000 to 2,750,000
SPDR Gold Shares (AMEX: GLD) from 200,000 to 0
Sunoco Inc. (NYSE: SUN) from 325,000 to 0
Swift Energy Co. (NYSE: SFY) from 100,000 to 0
Triplecrown Acquisition Corp. (AMEX: TCW) from 2,750,000 to 0
Yahoo! (Nasdaq: YHOO) 1,000,000 to 0

Maintained Stakes:
Abraxas Petroleum Corp. (Nasdaq: AXAS) 1,207,572 shares
Augusta Resource Corp. (AMEX: AZC) 1,740,000 shares
Clear Channel Communications Inc. (NYSE: CCU) 1,000,000 shares
Core Mark (OTC: CMRKW) 1,064,200 shares
Covidien, Ltd. (NYSE: COV) 1,600,000 shaes
DepoMed Inc. (Nasdaq: DEPO) 7,050,000 shares
EnPro Industries, Inc. (NYSE: NPO) 850,000 shares
Entertainment Distribution Company, Inc. (Nasdaq: EDCI) 1,550,000 shares
EXCO Resources Inc. (NYSE: XCO) 4,500,000 shares
Greenlight Capital Re, Ltd. (Nasdaq: GLRE) 750,000 shares
Horsehead Holding Corp. (Nasdaq: ZINC) 2,375,000 shares
Ligand Pharmaceuticals Inc. (Nasdaq: LGND) 2,007,378 shares
Loral Space (Nasdaq: LORL) 110,000 shares
Massey Energy Co. (NYSE: MEE) 1,624 shares
Microsoft (Nasdaq: MSFT) 6,850,000 shares
Nabi (Nasdaq: NABI) 6,890,000 shares
Progressive Gaming International Corporation (Nasdaq: PGIC) 4,000,000 shares
Orient-Express Hotels Ltd. (NYSE: OEH) 450,000 shares
OSI Systems, Inc. (Nasdaq: OSIS) 204,495 shares
Target Corp. (NYSE: TGT) 418,700 shares
Trian Acquisition I Corp. (TNYSE: UX) 1,000,000 shares
TXCO Resources, Inc. (Nasdaq: TXCO) 2,820,000 shares
Vanguard Natural Resources, LLC (NYSE: VNR) 1,030,500 shares
Vantage Energy Services, Inc. (NYSE: VTG) 1,875,000 shares

Put a stop at 64 and follow it on the way up with a trailing 10% stop. I'm going to see if this one can't pull me up the hill.

Love the setup.

After the National Hurricane Administration posted this latest picture of Fay I dumped my UNG. So much for watching the weather channel.

Now upon hearing about my UNG sale Fay will probably get out of her rocker and smash a nat. gas pipelines just to teach me a lesson about betting on mother nature.

Nat. gas can now proceed to $6.