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Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.

Along the way, Tony shared some pretty important snippets of investing wisdom…

January 2008 - Page 11 of 15 - Money Morning - Only the News You Can Profit From- Money Morning - Only the News You Can Profit From.

  • Ford Sales Were Up for 2007… In China

    By Mike Caggeso Associate Editor Ford Motor Co. (F) posted a 30% increase of year-over-year sales in China, outpacing the average industry rate in that country, the world's fastest growing economy. Overall, the Dearborn, Michigan-based carmaker sold 216,324 units [up from 166,664]. More than half of those sales were the Ford Focus, the company's compact […]

  • It's Official – Schwartz Anointed as New CEO of Bear Stearns; Cayne Remains Chairman

    By Jennifer Yousfi Managing Editor The Bear Stearns Companies Inc. (BSC) Chief Executive Officer James E. "Jimmy" Cayne will retire from his post, effective immediately, but will remain on as chairman of the board of directors, the company said in a statement. His successor will be long-time insider, President Alan D. Schwartz, who has a […]

  • GPS-Maker Garmin Sees its Shares Plummet on Profit Worries

    By William Patalon III Executive Editor Money Morning/The Money Map Report Shares of GPS-device-maker Garmin Ltd. (GRMN) plunged as much as $12.70 yesterday (Wednesday) – extending a longer-term decline – after a Deutsche Bank AG (DB) analyst downgraded the shares, and warned that spiraling competition from rival TomTom NV may lead to a profit-crimping price […]

  • January Effect Chills Investors with Gloomy 2008 Outlook

    By Mike Caggeso Associate Editor If you believe in the January Effect, you're probably feeling rather glum right now. In essence, the trading theory holds that the first five trading days of the New Year pretty much set the tone for the 12 months to come. In fact, since 1970, whenever the Standard & Poor's […]

  • Pending Home Sales Sink In November Indicating a Weak Start to the New Year

    By Jason Simpkins Associate Editor The National Association of Realtors' index of pending home sales dropped 2.6% in the month of November, an indication that the housing recession is still a long way from turning a corner. After posting a 3.7% gain for the month of October, the index has tumbled to 87.6. Compared to […]

  • Jimmy Cayne to Step Down as CEO of Beleaguered Wall St. Firm, Bear Stearns

    By Jennifer Yousfi Managing Editor The Bear Stearns Companies Inc. (BSC) Chief Executive Officer James E. "Jimmy" Cayne will step down as CEO effective immediately, The Wall Street Journal has reported, citing unnamed sources.  Bear Stearns was one of the earliest casualties of the subprime crisis, when two of the firm's hedge funds ran into […]

  • With Fears of a Real Estate Bubble Growing, China Looks to Throttle Back Foreign Investments in Development Projects

    By William Patalon III Executive Editor Money Morning/The Money Map Report The United States and Great Britain may not be the only world economies whose growth gets crimped by a runaway housing market. A newly initiated state survey of foreign investment in China's soaring real estate sector has sparked fears of new curbs aimed at […]

  • Outlook 2008: The Latin American Economy is 'Muy Caliente' 

    Editor's Note: This is the 10th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Mike Caggeso Associate Editor If  2007 proved one thing, it was that – next to China and India – Latin America is the world's next great emerging market. The 19 countries in the Latin America-Caribbean region […]

  • Two Ways to Profit in Spite of the Ethanol Snafu

    By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Many car buffs look to Europe or Japan to see what the future holds, particularly when it comes to the latest in alternative fuels. The reason is simple: Gasoline costs more than $7 a gallon in both those places. Of course, in Japan – where […]

  • Global Investing Roundup

    Yangtze Power Achieves Record Profits on Strength of Three Gorges Project; Ford Increases Indian Investment; China Eastern Shareholders Defy Government Approval of Asset Share; Hochschild’s 2008 Outlook and Mining Operations Devalued China Yangtze Power Co. Ltd. reported yesterday (Tuesday) that third quarter profits rose 7% in 2007. The company, which operates the world’s largest hydroelectric […]