Tuesday, January 03, 2006

Seasonal Follies

Eighteen (18) lumps of coal for investors this year as companies issue substantive press releases during Christmas and New Years Day Statutory Holiday time frames. Skepticism abounds with these stocks. The culprits are

On Amex Globetel Communications (GTE) and Crystallex International Corporation (KRY).

On Nasdaq Teva Pharmaceuticals (TEVA), Partner Communications (PTNR), Durect Corporation (DRRX)

On TSX Paramount Energy Trust PMT.UN

On NYSE Carr America Realty (CRE), Global-Tech appliances Inc (GAI), Salomon Brothers Inflation Management Fund (IMF), Salomon Brothers Municipal Partners fund Inc (MNP), Hecla Mining (HL), Scudder Global Commodities (GCS), United Dominion Realty Trust Inc. (UDR), Scottish Re-Group Limited (SCT), RPM International (RPM), TrustStreet Properties (TSY), Legg Mason (LM), Teppco Partners (TPY).

Caveat emptor in 2006