PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Monday August 17, 2009

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CHDT Corp. (OTCBB: CHDO), a Florida corporation with operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, reported 2nd Quarter gross revenue of $845,448 an increase of 22% over the $694,596 reported for the prior year’s second quarter 2008. CHDT finished the first half of 2009 with gross revenues of $2,543,375, an increase of $1,274,699 or 100% versus the same period in 2008. The company reported a $3,050,000 order backlog to date, to be shipped in the third and fourth quarters

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The ruble has made its biggest leap in a decade, jumping 2.4% against the dollar, with Urals crude advancing to more than $65 a barrel.  GM has three final offers for the Opel sale, which included a modified proposal from Magna which would reduce the size of Sberbank's stake. Home improvement retailer Kingfisher is planning to expand in Russia with a new format store in Moscow, hoping the country has the market potential to be the 'next Poland' where sales have been buoyant.  Premier League side Tom Tomsk, which owes almost $6.4 million in arrears, will not be forced into bankruptcy says the Sports, Tourism and Youth Politics Minister.  Lawyers for billionaire Roman Abramovich have asked a judge to throw out a $3.5 billion lawsuit that former business partner Boris Berezovsky has filed against him.  Oleg Deripaska ...

Russia's economy shrunk the most in 15 years in the first quarter after the government's stimulus spending package failed to have the desired effect.  The investment arm of the World Bank plans to use $200 million to buy stakes in bad-loan-struck Russian banks and become a co-investor in the state.  St Petersburg bank has announced first quarter losses of 62%, which in fact beat forecasts predicting a steeper drop.  Europe's biggest home improvement retailer Kingfisher plans to make a major investment push into Russia. Cargo watchdog SGS has said that a fake SGS certificate of quality was used upon a shipment of Russian wheat imported to Egypt, although the chairman of Egyptian Traders Co. has said that the certificate was valid and fears the case is becoming 'too political'.  Tycoon Alexander Lebedev has declined to comment upon rumors that ...

On Thursday June 4, 2009, several news items hit the tape which raise some concerns for Bank of America (BAC) over the near term regarding the potential for enhanced legal fee expenses and enhanced credit issues.First, Angelo Mozilo, former chairman of the once top U.S. mortgage lender Countrywide Financial -- which was acquired by BAC last year (the name was scrapped about 10 months later) -- and several other executives were accused by The Securities and Exchange Commission (SEC) of fraud. A criminal investigation has occurred based on emails in Mr. Mozilo warned of his company's "toxic subprime mortgages" at the height of the housing boom.On Sept. 26, 2006, there was an email that stated, "The bottom line is that we are flying blind on how these loans will perform in a stressed environment of higher unemployment, reduced values and slowing home sales." This ...

China Ramps Up Oil Refining; Lowe’s Tops Forecasts; Toshiba Raising $3 Billion in Stock Sale; AIG Fast-Tracking Asian Subsidiary IPO; Obama Sets First Pollution Limits on Cars; Homebuilder Confidence Highest in 8 Months; State Street Sells $1.5 Billion in Stock to Repay TARP Funds; Oil Spikes on Africa Violence, U.S. Refinery Fire

China will increase its annual oil refining volume by 18% over the next two years to meet expected long-term demand. China’s State Council also said that it would boost stockpiles and encourage petro companies to merge operations, Bloomberg reported. Lowe’s Cos. Inc. (NYSE: LOW) reported an analyst-beating quarterly profit and raised its full-year forecast. The No. 2 home improvement retailer cited improving ...

The fund filings are out. If you're wondering, these are the funds I like to track, and sometimes follow by buying the same stocks:br /br /-George Soros (Soros Fund Management)br /-Seth Klarman (Baupost Group)br /-John Paulson (Paulson amp; CO.)br /-Warren Buffett (Berkshire Hathaway)br /-David Einhorn (Greenlight Capital)br /-Bill Ackman (Pershing Square Capital Management)br /-Steve Cohen (SAC Capital Advisors)br /br /Today, I'm going toa href="http://www.bloomberg.com/apps/news?pid=newsarchiveamp;sid=a_RT.rEuHt4M" take a quick look at Soros' holdings/a.br /br /blockquoteSoros Fund Management LLC, the investor’s hedge-fund firm, sold 5 million U.S. shares of Petrobras, as the Brazilian company is known, according to a filing today with the U.S. Securities and Exchange Commission. The New York-based firm’s remaining 32 million shares of the state-controlled oil company were valued at $963 million at the end of the quarter.br /br /The hedge fund also held 5.6 million shares of Saskatoon, Saskatchewan-based Potash at the end of the quarter, compared ...

Bright Strike Tactical Illumination Products Incorporated, a maker of tactical flash lights and personal protection systems, was recently featured in a full-page USA Today advertisement. Bright Strike, founded by two former police officers, recently introduced the Tactical Blue Dot Series of protective flashlights, and those flashlights are already being used by private citizens and law enforcement agencies such as the CIA and FBI.

The Massachusetts-based company’s flashlights feature Light-Emitting Diode technology (LED) that creates a flawless, bright light that can be used to disorient an attacker. Bright Strike has partnered with Philips Lumileds, the world’s leading maker of LEDs, to produce both the Tactical Blue Dot and Protector Series of flashlights. The Tactical Blue Dot Series has a potential market of 666,000 police officers across the U.S.

Bright Strike started making tactical flashlights that were designed and created by police officers for police officers in

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