Market Pulse Announces Its Hot Stock Alerts for Wednesday, October 8, 2008: PRRY, AAPL, AMZN, DELL
October 08 2008 - 8:15AM
Marketwired
Market Pulse is pleased to introduce our featured stock, Planet
Resource Recovery Inc. (PINKSHEETS: PRRY), to the investment
community! Planet Resource Recovery, Inc. is new to Market Pulse
and is poised to become a significant player in the
petrochemical/oil services industry! Planet Resource Recovery just
had excellent news out in a press release before today's opening
bell announcing treatment of additional wells in the Austin Chalk
formation. The company said it continues to treat new wells while
it monitors outputs of the original wells treated and their
significant increases of oil production in the Austin Chalk
formation! This could be great news for investors! Other notable
stocks that should be closely watched due to existing fundamental
and technical factors affecting each company include:
Apple Inc. (NASDAQ: AAPL) : Market Outperform
Amazon.com Inc. (NASDAQ: AMZN) : Bearish
Dell Inc. (NASDAQ: DELL) : Bearish
Stock Pick Meanings
These stock picks are the investment opinions of MP's editor and
reflect MP's belief regarding the potential price movement over the
next one to four weeks of trading of each of the stocks presented.
This analysis is done from a technical and fundamental
perspective.
After Tuesday's Bell Market Commentary
On Tuesday, though not giving the market a rate cut, the Federal
Reserve has taken other steps to help unclog the credit markets.
Policymakers provided more details about when it will make $900
billion in short-term loans available to squeezed banks. Comments
by Federal Reserve Chairman Ben Bernanke suggesting that the global
economic crisis will extend well into next year sent the markets
into a tailspin. The dollar was mostly lower against other major
currencies. Gold prices rose. Light, sweet crude rose $2.25 to
settle at $90.06 a barrel. The yield on the three-month Treasury
bill rebounded to 0.81 percent from 0.50 percent. The Dow lost more
than 500 points and all the major indexes slid more than 5 percent.
The Dow fell 508.39, or 5.11 percent, to 9,447.11. The Nasdaq
composite index fell 108.08, or 5.80 percent, to 1,754.88. The
S&P 500 index declined 60.66, or 5.74 percent, to 996.23. The
Russell 2000 index fell 36.96, or 6.20 percent, to 558.95.
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consider this factor when evaluating MP's statements regarding a
company. MP has been compensated in free trading shares of common
stock, available for public trading as follows: Planet Resource
Recovery, Inc. compensation from a third party shareholder: seven
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. In
addition, MP has pending one hundred thousand free trading shares
of stock in Planet Resource Recovery, Inc. from a third party
shareholder. To date, MP has sold four hundred thousand shares of
stock in Planet Resource Recovery, Inc. for proceeds totaling
eighty five thousand six hundred twenty three dollars. MP's
officers and directors reserve the right to buy additional shares
of the companies discussed in this opinion and may profit in the
event those shares rise in value. When MP receives shares as
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