January 19, 2012

Symantec (SYMC) Has More To Say About Norton Hacking

I detailed the attack by hackers on Symantec, the maker of popular Norton Antivirus software in my article, ‘œLords Of Kings Hack Norton Antivirus, Are You Safe?’

Subsequently, Symantec’s take on the hacking was detailed in ‘œSymantec Says Norton Is Safe After Lords of Kings Attack.’

Symantec had stated that the stolen code was 10 years old and did not include the code for its flagship product Norton Antivirus for consumers.

Now Symantec is backtracking. In an email to The Arora Report, Symantec admits,

‘œUpon investigation of the claims made by Anonymous regarding source code disclosure, Symantec believes that the disclosure was the result of a theft of source code that occurred in 2006.

… Please click here or the title below to read more.

January 19, 2012

Steve Jobs’ School House Dream Comes To Fruition But Not Big News For Stock

Steve Jobs had a dream of making traditional textbooks obsolete.

Now Apple (AAPL) has promised to reinvent textbooks. Today Apple introduced iBooks 2. iBooks 2 can be purchased, starting today, from Apple’s iBooks store.

iBooks 2 is rich in swiping and pinching gestures, animations and video. Apple is completing the package with iBooks Author, and a new iTunes U program. iTunes U allows teachers to create online courses and handouts.

iBooks Author is a WYSIWYG app for writing interactive books. The app runs only on Mac. The app allows one button publishing of books to an iPad.

Apple has managed to partner with the giants of the textbook business including McGraw-Hill (MHP),Pearson, Houghton, and Mifflin.… Please click here or the title below to read more.

January 19, 2012

A CONSERVATIVE WAY TO PROFIT FROM FINANCIAL STOCKS

Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are rocketing as of this writing. Financial sector, as represented by ETF SPDR Select Sector Fund – Finan (XLF) is one of the top performing sectors in 2012.

Subscribers to ZYX Global Multi Asset Allocation Alert have achieved a 21.25% return to date using a low risk strategy. The strategy included buying the ETF PowerShares Financial Preferred (PGF). Fortunately it is still not too late to buy PGF on dips.

The following is a list of the holdings of this ETF.

.	HSBC HOLDINGS PLC PFD	A-/A3	10.14%
2.	BANK OF AMER CRP	BB+/Ba3	7.42%
3.

… Please click here or the title below to read more.

January 19, 2012

WEAKNESS IN FINANCIAL CONTROLS AT ZAGG (ZAGG)

ZAGG (ZAGG) makes covers and other accessories for mobile devices. This is a highly competitive area where for the most part products are not differentiated.

ZAGG stock continues to levitate because the company issues higly promotional statements to investors. ZAGG’s promotions are helped by a brokerage firm that may have vested interested in promoting ZAGG stock.

The fact that works against our short position is that lots of other astute investors also have a $3 target similar to ours and such investors are short. With abundance of shorts, short squeees occur helping the stock price defy gravity.

On January 16, ZAGG management determined that a material weakness in the company’s internal control over financial reporting existed as of December 31, 2010. … Please click here or the title below to read more.

January 19, 2012

NEW IDEA ON RENESOLA LTD (SOL)

Renesola Ltd, (SOL) is a solar stock. Subsidies from the government in Germany have been a big part of the solar business.

Cuts in solar energy subsidies will be implemented on a monthly, rather than on a half-yearly basis, with a goal of phasing them out for some facilities by 2017, said Germany’s Environment Minister Norbert Roettgen.

Short zone for SOL is $2.49 to $3.11, stop zone is $3.31 to $3.62 and target zone is $0.90 to $2.02.

If the stock hits upper end of target zone quickly, plan is to book such profits.

Please carefully follow ZYX Change Method Trade Management Guidelines. … Please click here or the title below to read more.

January 19, 2012