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SocialPicks: Stock Picking the Social Way

Filed under: — 7:41 pm

SocialPicks is an attempt at using the social aspect of the web to create a site where users manage their stock portfolio while making and reading stock picks. The main page has the standard ajax-based customizable modules and boxes to manage the information you want displayed there. The idea of using the knowledge of many to help pick good stocks is an interesting one, but one that is hard to get perfectly right. In the following article I delve into this relatively new site that is currently in alpha testing.

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Memory Price-fixing Suspicions Bolstered

Filed under: — 10:33 am

Things are looking up for Rambus, as is their stock. “Newly disclosed e-mails from computer chip makers Micron and Hynix provide details that point towards a global price-fixing conspiracy that could support allegations made by Rambus, the Wall Street Journal reported.”

WSJ: “The emails, mainly among sales personnel at Micron and Hynix, refer to other messages, phone calls, lunches and meetings among direct competitors in the memory-chip business. In some cases, the messages suggest competitors traded information in an effort to keep chip prices up.

Other messages, involving a competitor to Rambus technology known as DDR, for double data rate, suggest some companies wanted to temporarily keep prices down to discourage the use of Rambus technology.”

Read More: CNNMoney
Source: Wall Street Journal: Emails Emerge in Memory-Chip Antitrust Case”>

Jobless Claims Rise

Filed under: — 10:24 am

“The number of unemployed U.S. workers claiming an initial week of jobless aid unexpectedly rose last week by 7,000, taking a four-week average of claims to the highest level since October, the government said Thursday.

First-time claims for state unemployment benefits increased to a seasonally adjusted 336,000 in the week ended May 27, the Labor Department said. The increase was at odds with Wall Street forecasts for a drop to 320,000.”

Source: CNNMoney

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