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Tuesday October 27, 2009

DrStockPick.com Stock Report!

TAXS, SCHW, PSFT, DISH, PWRM, MMM, CSRH, WFC, CVAT, JPM, AQNM

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TAXS, TaxMasters Inc., TAXS.OB

TAXS‘ commitment to helping taxpayers in the United States regain compliance with The Internal Revenue Service IRS.

TAXS finalized plans this week to take advantage of the expected surge in sales that begins for the IRS tax relief industry in October and builds through April of the following year. TAXS reported sales for the first six months in 2009 of $18,758,000, an increase of $12,348,000 or 193 percent, over 2008 sales for the same period of $6,410,000. TAXS used this growth

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The FT reports that Russia and China have warned that the impact of the financial crisis is far from over.  The cabinet has approved a 2010 draft budget, with major cuts on managing government ministries, which may see officials forced to reduce spending by 20% on their cars, phones and offices.  Next year will see an apparent record amount of spending on pensions, a 46% increase, amounting to 10% of the GDP.  The Prime Minster has warned against 'mechanical' cuts in spending, fearing that a sense of financial drought could prolong the downturn.  Gaz group has apparently signed a debt-restructuring agreement with 21 domestic and foreign banks.  Avtovaz is planning to make 27,600 employees redundant.  Hasbro has opened an office in Moscow, hoping to see their cut of the huge toy market 'grow significantly'.  Eyebrow-raising ...

Brooklyn could soon have itself a new Russian billionaire patron, as Mikhail Prokhorov has reportedly made an offer to own the New Jersey Nets, helping real estate developer Bruce Ratner with a $700 million bond to move the team and build a new arena in the New York City borough.Prokhorov, who has been developing an increasingly well known public profile as a Russian Richard Branson (see him jump his jet ski here), announced the news on his blog.  In one translation of his statement, Prokhorov says he is interested in bringing the "technology" of the NBA business model back to Russia, to build a sustainable and profitable professional league, and to give Russia a rightful place in the world of elite U.S. sports.This move will put Prokhorov right up there next to Chelsea-owner Roman ...

Bloomberg reports that GDP will apparently shrink 8.5% this year, but the government hopes to see a return to growth in 2010.  The IMF says that Russia's economy will enjoy a 'fairly rapid recovery' in the second half of the year as a result of the government's anti-crisis measures.  The Cabinet will review final budget figures for next year that suggest spending will stay the same as this year in spite of the crisis.  The government plans to use the last of the Reserve Fund and resume borrowing for the first time in 11 years to fulfill its projections.  Not 'possible, or even beneficial' - Anders Aslund gets real about the ruble as reserve currency in the Moscow Times.  Sberbank has posted a $243.7 million net profit for January-August 2009, a 92% drop on the same ...

Simon Property Group Inc. (SPG), the largest publicly traded retail real estate company in North America, recently announced the death of its pioneer and co-founder Melvin Simon after a short illness. With his demise, the company lost an able leader who had remarkable deal-making skills that fostered strong ties with lenders as well as owners of department store chains – a critical element during recession.     Melvin Simon along with his brother started the real estate company in 1960 under the name – Melvin Simon & Associates. Later this company became Simon Property Group Inc. having embraced the real estate investment trust (REIT) structure. The company’s initial offering in 1993 was the largest for a REIT.   Besides being the founder of Simon, Melvin Simon was also involved in the sports and movie businesses. He was the co-owner of Indiana Pacers professional basketball team in the National ...

 

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Tuesday September 1st, 2009

PennyOmega.com Stock Report!

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Atlas Oil and Gas, Inc. (OTCBB:AOLG), which focuses on the potential for major exploration and production reclamation projects in the oil and gas sector, today received approval from the Financial Industry Regulatory Authority (FINRA) to change its corporate name to Cheyenne Resources Corp., and its trading symbol to CYRS on the

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Monday August 17, 2009

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Vail Resorts, Inc. (NYSE: MTN) announced today a four-year sponsorship agreement with World Champion American skier Lindsey Vonn. Vonn, a two-time World Cup Overall champion, is preparing for her quest to win an “epic” five gold medals at the 2010 Olympic Winter Games.

Lockheed Martin Space Systems Company, a major business area of the Lockheed Martin Corporation (NYSE: LMT), today announced employment reductions aimed at improving its competitive posture. Space Systems will implement a broad-based workforce reduction of approximately 800 employees by year-end. The reductions represent about 4.5 percent of the overall workforce and will impact all levels and disciplines,

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Tuesday July 28, 2009

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Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its 2009 second quarter ended June 30, 2009. Net income for the 2009 second quarter reached $12.0 million, or $0.32 diluted earnings per share, compared with $10.9 million, or $0.36 diluted earnings per share, for the 2008 second quarter. Excluding the after tax effect of the FDIC Special Assessment of $3.5 million, net income for the quarter was $13.9 million, or $0.38 diluted earnings per share, an increase of 28.5 percent.

Bristol-Myers Squibb Company (NYSE:BMY) is commencing today, through its wholly owned subsidiary Puma Acquisition Corporation,

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All we needed to get the market going again was some...Bad news? Initial unemployment claims came in higher than expected at 627k. Maybe the market was just getting so used to rallying on bad news that it took some to break the cycle. Who knows. br /br /Days like this are very boring to me as I rarely buy anything when everything I'm looking at is moving higher. br /br /A couple of updates: br /br /-Looks like it may be a little while before I can add to my GGWPQ position as it jumped a quick 15% after I bought it. I will not trade out of this stock because the position I took is quite small.br /br /-There has been plenty of strength in rails lately, and they just haven't sold off enough for me to buy yet. There seems to be plenty of ...

NXT Nutritionals Holdings, Inc. (”NXT”) (OTCBB: NXTH) a developer and marketer of proprietary, patent-pending healthy natural sweeteners, food and beverage products, announced today that former NBA Rookie of the Year, Ralph Lee Sampson, Jr. will be making a personal appearance on behalf of NXT at the Juvenile Diabetes Research Foundation International’s “Spring for a Cure” event on April 30, 2009. NXT is a sponsor at the event that is being held at the Metropolitan Pavilion in New York City. Sampson and the management team of NXT will be presenting to those in attendance its SUSTATM Natural Sweetener, a healthy, minimal calorie, nutritional sweetening system.

Sampson was a 7-foot-4 phenomenon, three-time College Player of the Year, and No. 1 pick in the 1983 NBA Draft with the Houston Rockets; he was also named NBA Rookie of the Year. Sampson finished out his professional playing days at just 32, due to

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