Last Friday, we took a look at Dijaya Corp (RM1.40) and the value of its underlying assets. Dijaya is an undervalued property stock, trading well below its understated book value of RM2.16, as well as our estimated revised net asset value of RM4.09 per share.
Marketocracy's best have stayed away from tech stocks for months. They jumped back in last week, and they also bought materials stocks.
Tempers flare over ending Utah law
Under threat of a lawsuit by brokers, legislators Monday were just one step away from killing Utah's short-lived law targeting alleged stock trading manipulation. And Overstock.com CEO Patrick Byrne, who was a prime mover behind the measure's passage in a May special session, was livid. "This is worse than mere betrayal," he said. "It is selling out the state of Utah.
Stocks turn higher in late trading
Asian stock markets rallied Monday from last week's rout, heartened by the Federal Reserve's decision to cut a key interest rate. U.S. stocks were mixed during midday trading.
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