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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…

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Investment News Briefs- Money Morning - Only the News You Can Profit From.

  • Global Investment News Briefs

    Consumer Confidence Hits Record Low; JPMorgan Slashes Dividend; Bernanke Urges Strong Action for 2010 Recovery; Target Profit Tumbles; Oil Pushing Back to $40; Home Depot Beats Estimates U.S. consumer confidence fell to a record low in February, according to the Conference Board index. "Just when you think confidence can't go any lower, the bottom falls […]

  • Global Investment News Briefs

    AIG to Post Biggest Loss in U.S. History; Stocks Fall to a 12-year Low; Honda to Post First Quarterly Loss in 15 Years; Toyota Lowers Production Target American Insurance Group (AIG), the insurance giant that is already 80% owned by the U.S. government, is in discussions with the government for more federal funding so it […]

  • Global Investment News Briefs

    U.S. Sues UBS; Unemployment Highest Since 1967; BoA Criticizes Housing Plan; Oil Soars Over $39; HP Lowers Forecast; Brazilian Jetmaker Cuts 20% of Workforce The U.S. government yesterday (Thursday) sued UBS AG (UBS) to force Switzerland’s largest bank to release the identities of 52,000 Americans who allegedly hid their secret Swiss accounts from U.S. tax […]

  • Global Investment News Briefs

    Playboy in Play? Honda Throttles Back Jet Program; Hedge Funds to Hedge Bets After Losses; JPMorgan Will Modify Loans; Google Will Rather Fight Than Switch; Mortgage Applications Soar as Rates Fall The publisher of one of the world's best known adult magazines, Playboy Enterprises Inc., (PLA) said it would be open to discussions about an […]

  • Global Investment News Briefs

    Texas Financier Stanford Charged With Fraud; Trump Casinos File for Chapter 11; Amex and Capital One Defaults Rise; WalMart Beats Expectations; Blackberry Execs Pay Back $2.2 Million; Oil Prices Fall Below $35 The Securities and Exchange Commission yesterday (Tuesday) charged Texas financier R. Allen Stanford and three of his firms with a "massive" fraud that […]

  • Global Investment News Briefs

    Foreclosures Continue Falling; Chinalco Invests $19.5 Billion in Rio; 4Q Profit Falls for Viacom; Coca-Cola Beats Expectations; GM May to Bail on China Venture; Australia Senate Nixes Senate Widespread foreclosures caused home prices to fall in 134 U.S. metropolitan areas. Foreclosure filings eclipsed 250,000 in January, their tenth straight month above that figure, Bloomberg reported. […]

  • Global Investment News Briefs

    Caterpillar Offers 2,000 Early Retirements; Canada Posts Rare Trade Deficit; RIM Meets 4Q Expectations, Barely; GE Powering Middle East; Dollar Rises Against Yen, Euro; GM Seeks Saab Funding From Sweden; Gold Hits 7-month High; China Injects $19.5 Billion Into Rio Tinto Heavy equipment maker Caterpillar Inc. (CAT) said it will offer voluntary early retirement packages […]

  • Global Investment News Briefs

    Live Nation Buys Ticketmaster; China Inflation Trudging Slowly; MillerCoors Profit Falls 40%; UBS Cuts Jobs, Announces Profitability; Traders Bid up Gold Options; Oil Falls Below $39;WalMart Cuts Jobs at Home Office; Cisco Raises $4 Billion Live Nation Inc. (LYV), the world's largest concert promoter, said it is buying Ticketmaster Entertainment Inc. (TKTM), the world's largest […]

  • Global Investment News Briefs

    Report: China Exports Likely Down 14%; Whirlpool Sales Sink 76%; Starbucks Adding Value Meals; Chavez: Venezuela Untouched by Crisis; Defaults on Jumbo ARMS Could Double; Satyam to Decide on Action Plan Following Scandal A team of economists estimate that China's January exports likely fell 14% from a year earlier, which would be the biggest monthly […]

  • Global Investment News Briefs

    Alcatel-Lucent Posts Eighth Straight Loss; Possible Merger: TicketMaster and Live Nation; ING Parent Sells ING Canada Stake; Costco Issues Earnings Warning; Auto Suppliers Want Bailout Money; Service Sector Positive but U.S Loses More Jobs; Mexico Supports Peso; Crude Slips on Inventory Buildup  France's Alcatel-Lucent SA (ADR:ALU) posted a 3.89 billion euro ($5 billion) loss in […]