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Oil’s up; HEB, SAY action: Friday Shout-out!

Welcome to Friday, traders! Lots of action this week, as usual. Oil continued its upward climb with plenty of movement across the energy sector. Ten U.S. banks returned $68B in TARP funds this week, over a quarter of the total amount granted to banks according to the WSJ.

Meanwhile, the market saw heavy trading in Hemispherx Biopharma (HEB) and Saytam Computer Services (SAY). Check out our Trading Activity page to find and interact with traders dabbling in these two hot stocks.    

I see a few new faces on TradeKing’s Leaderboard, too: StringTheory, Maria Angeles de Zaragoza, rackir, and Big Slim among others. Nice trading, everyone – keep it up!

Now to the forums: if you have a strong opinion, pro or con, about CNBC’s Jim Cramer, definitely check out this video shared by TK client Patrick, then weigh in on the forum discussion that ensued. If you want a heated debate (or a food fight), you can always shout CRAMER in a roomful of traders. You sure won’t be bored with the result!

Are you a bear anxiously waiting for the pullback? You’ve got plenty of company at TK, it seems. Share your view with bears at this forum thread, check out All-Star Jeff Clark’s take, or see a cautious contrary view from Price Headley of BigTrends.  

Last but not least, here’s a fun link from TK client unlucky. He’s started his own site, www.doo-wop.org, celebrating the music of the 1950s and 60s, and recently he shared it with the TK crew. Take a read (and a listen!); you’re sure to like what you find there.

That’s all I have, everyone – enjoy your weekend!

[image: the weepies:stars by visualpanic on flickr]
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Posted by bigdog on 06/12/09 at 09:21 AM

Tag It | 1 user tagged it: TradeKing, shout-out, economy, banks, TARP

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Haymore

Member since: Jan 08

5 Day 2.27%
15 Day -14.91%
1 Month -18.40%
3 Month -2.83%
6 Month -11.72%
1 Year -17.22%
As of: 11/07/09
How is this calculated?
Trades 781
Trade Notes 36
Blog Posts 25
Semi-retired business owner
Age: 60's
Arizona
Haymore
For a really negative take on HEM check out this link:

http://www.thestreet.com/story/10509765/1/biotech-stock-mailbag-hebs-artful-dodging.html

I tend to agree that HEM is going nowhere but down over the long term, but if one wants to play in
the meantime - oh well!
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incubus

Member since: Dec 08

Trades Not Shared
Trade Notes 0
Blog Posts 0
closet geek
Age: 90's
Confusion
incubus
I chuckle thinking I actually bought SAY at $15 and made a $2 gain in a few days last fall after a stellar earnings report.
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bigdog

Member since: Dec 05

Trades Not Shared
Trade Notes 0
Blog Posts 626
Founder & CEO, TradeKing
Age: 40's
Boca Raton, FL UNITED STATES
bigdog
Thanks for sharing TheStreet article with the group, Haymore. These two stocks look like real roller coasters - interesting to see how certain stocks "catch on" for a while among active traders, like a raging new fashion trend. Will be interesting to see how long these last before they're "out" again.