Diamonds and Dogs


GoGo 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.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.