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StreetInsider.com Insiders' Edge Newsletter 11-18-08

 StreetInsider.com - Insiders' Edge
John Paulson's Hedge Fund Buys Mortgage Assets

John Paulson managing director of successful hedge fund, Paulson & Co. has begun last week buying mortgage assets back by residential real estate, reported the Financial Times. John Paulson is the famous hedge fund manager that made over $3 billion last year by shorting (betting against) mortgage securities.

Paulson began building his long position in US residential mortgage securities after they fell in value last week when Hank Paulson, Treasury secretary, said that the government had decided against buying toxic assets as part of its $700 billion troubled asset relief program (Tarp).

John Paulson is obviously looking to capitalize on ... CONTINUED >>>>


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Insider Trade of the Day - Sprint Nextel (S)

Sprint Nextel (NYSE: S) Chief Technology Officer Barry West bought 50,000 shares from 11/14-11/17 at prices from $2.29-$2.52, encompassing his entire stake.

Shares of Sprint are down 3% today to $2.11, near its 52-week low of $1.77. The 52-week high is $15.92.

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Upgrade To Watch - Disney (DIS)

Pali Research upgrades Disney (NYSE: DIS) from Neutral to Buy. Price target $25.

Pali analyst says, "Investors Expecting Consensus to Come Down Now – A LOT. Disney had substantially exceeded expectations over the past several years ending with FYQ3 (June) 2008, when Disney only modestly exceeded street expectations and ...MORE

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