Diamonds and Dogs
10/2/14GoGo Inc (GOGO)
Gogo (GOGO) was on the go today closing up 5.25% to $17.04 on speculation of a possible buyout offer from Verizon. Gogo, an airline in-flight wireless connectivity provider recently partnered with Virgin Atlantic to provide in-flight connectivity services for the airline. Virgin Atlantic is the first European airliner to partner with GoGo which already works with U.S. clients including United Airlines, Delta, U.S. Airways and Virgin America.
Fairholme Fund (FAIRX)
Bruce Berkowitz's main mutual fund erased more than a year of gains yesterday after a court ruling sent the value of securities tied to Fannie Mae and Freddie Mac tumbling. The Fairholme Fund (FAIRX) fell 9.6 percent, which dropped the fund's price back to where it was in July 2013. If anyone is looking for a hedge fund disguised as a mutual fund, this is the fund for you. High risk and High reward.
October 1, 2014
Tekmira Pharmaceuticals (TKMR)
Tekmira surged over 18% on Wednesday, leaving it up a whopping 180% since mid-July. The stock jumped in afterhours trading last night after the first confirmed Ebola case in the US. Investors are betting the Vancouver-based company has a leg up on competitors after last month's decision from the FDA to give the firm the green light to provide its experimental TKM-Ebola drug to test subjects with "confirmed or suspected Ebola virus infections." Let's hope it works.
Airliners (AAL, DAL, UAL, LUV)
Airline stocks, which have been big winners this year, descended as traders worried about potential travel repercussions from the first confirmed Ebola virus case in the US. American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU) and Southwest (LUV) all dropped more than 3%. Cruise operators Carnival (CCL) and Royal Caribbean (RCL) also lost ground.