Global Investor Services, Inc., (OTCBB:GISV:$.05), a company which is one of ten companies in the Online Financial Sector which I am currently recommending and holding announced that it had signed a Letter of Intent with Questrade, which is Canada’s fastest growing online broker according to Investor Economics. Questrade is the first Canadian broker to allow [...]
29/30 Dow stocks up yesterday. MFST is only stock down.
Rally has characteristics of a Bear market rally. Yesterday’s volume is concentrated in the financials and short covering. Light volume for the rest of the market is not a good sign.
Rally will continue on and market will peak between late march and mid April. Window Dressing. See MM blog of [...]
The shares of the three biggest companies in the online financial sector by market capitalization, Ameritrade (NASDAQ:AMTD), Interactive Data (NYSE:IDC) and Morningstar (NASDAQ:MORN) have significantly outperformed the major stock market indices and the Select Financials Exchange Traded Fund (Symbol:XLF) over the last 90 days. After tracking the major indices up until December of 2008, the [...]
The shares of Think or Swim (NASDAQ:SWIM), a member of the online brokerage industry, have already gone up by 49% in 2009. Its share price increased from $5.62 at the end of 2008 and closed at $8.36 yesterday. In early January SWIM announced that it was being acquired by Ameritrade (NASDAQ:AMTD). SWIM was one of [...]
Online broker and online education provider Think or Swim Group (NASDAQ:SWIM) announced that it was being acquired by Ameritrade Holdings (NASDAQ:AMTD) the world’s largest online brokerage firm for $600 million in cash and stock. SWIM shares closed up 48% yesterday to $8.34. The announcement did not surprise me as I concluded my nine page June [...]
Written by Michael Markowski on
November 11, 2009 – 1:31 pm
