Hot Penny Stocks

So, two of the big Aussie banks have reported big profits. Not surprisingly, the share price for each stock received a nice kick-along.  Commonwealth Bank of Australia [ASX: CBA] has added over $3 since the profit announcement, helping push the share price close to the April 2010 high: Source: CMC Markets Stockbroking A half-year net [...]

Something’s been eating at us. We couldn’t really explain what it was. But something didn’t seem right. We felt like Lieutenant Columbo. There was a small clue we knew we’d stumbled across. A clue that was staring us right in the chops… but we couldn’t figure out what it was, where it was and why [...]

If you’re worried we’ve forgotten the National Australia Bank [ASX: NAB] and Westpac’s [ASX: WBC] secret loans from the United States Federal Reserve – don’t.  We’re still on the case. We’ve still got them in our sights… Oops!  Apparently we shouldn’t use that imagery.  Sorry… how about this then: That’ll do it. No harm with [...]

Time is up for the Reserve Bank of Australia (RBA). You may recall we lodged a Freedom of Information (FoI) request with the RBA in December last year. From 6th December the central bank had thirty days to respond to our application. Today is the thirtieth day. We’ll see if we get a reply. All [...]

Before I get stuck in to today’s Money Morning a quick note on our publishing schedule over the holidays… This week will continue as normal… as you’d expect. Next week, from 27th December until 31st December each day you’ll get something a bit different. The editors of the five subscription based newsletters we publish have [...]

If you haven’t found the time to read the transcripts from the Senate economics select committee I suggest you find the time. Simply because comments from two National Australia Bank [ASX: NAB] executives confirm – that’s right, confirm – everything we’ve written about NAB’s secret bailouts in 2008 and 2009. You can download the transcript [...]

More annoying banter from your editor to the ASX: “So when can we expect the ASX to make an announcement on this? “I’m sorry, but this is a no-brainer. As I say, the ASX’s own website states: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information [...]

Today, I’ll let you in on the latest to and fro between your editor and the hapless Australian Securities Exchange (ASX). Yesterday we received this reply from the ASX: “Yes, ASX does issue what are often referred to as ‘speeding tickets’, in the form a Price query. “Price queries are generated entirely because of unexplained [...]

It’s all very exciting. <Yawn> The Senate Economics References Committee Inquiry into Competition in the Australian Banking Sector kicks off today. <Yawn> Which pretty much sums up the view from Money Morning reader Chris, regarding our banking series last week: “OK – mega bored with this story now!” Unfortunately for reader Chris, your editor isn’t [...]

“We’re not printing money,” said Dr Ben Bernanke in his 60 Minutes interview last Sunday. “What we’re doing is lowering interest’s rates by buying Treasury securities. And by lowering interests, we hope to stimulate the economy to grow faster.” With statements like that, you wonder why only half of the U.S. wants the Fed ‘…curbed [...]