KBH(nyse) is my new member for 2010.
One of the biggest residential constructor in the USA and badly hit bit the last recession.
This company will emerge as soon as we can see a steady market recovery and at that price it is a bargain.
Even during the worst of the recession it never felt below 8$ and i expect a major recovery for the coming year target price being 27,50$ almost 215% return.
Again remember not to invest more than you can afford to lose.
Watch for beginning of the year listing of all my major plays for 2010 and the reasonning behind these choices.
Have a great evening
François
lundi 28 décembre 2009
lundi 21 décembre 2009
NEW MEMBER MB (tsx)
I welcome MB as the 2009 new comer for my stock star search.
Well positionned in the toys business (geat rival of LEgo) that Quebec company almost went belly up this year when they faced major challenges in suit actions and financing.
To my knowledge, these times are over. I still expect great volatility until they announce a new financing deal. I expect that announce sometime in early 2010.
Their sales are finally increasing and the worst is over.
I expect end of 2010 a share price over 6$ givin us 600% return.
Again, DO NOT INVEST MORE THAN YOU CAN LOOSE and please always do your own dd before investing in any companies.
Have a great week and expect my last new comer before year end.
François
Well positionned in the toys business (geat rival of LEgo) that Quebec company almost went belly up this year when they faced major challenges in suit actions and financing.
To my knowledge, these times are over. I still expect great volatility until they announce a new financing deal. I expect that announce sometime in early 2010.
Their sales are finally increasing and the worst is over.
I expect end of 2010 a share price over 6$ givin us 600% return.
Again, DO NOT INVEST MORE THAN YOU CAN LOOSE and please always do your own dd before investing in any companies.
Have a great week and expect my last new comer before year end.
François
vendredi 18 décembre 2009
ALERT DAN ETFC
DAN is now enroute to 12,50$. What a great year for that company. 12,50 is it's next resistance level but i would not be surprised if it was going to hit 16$ due to the analyst reccomandation of today establishing a new target of 16$.
ETFC has now some analyst returning to their coverage. THis is a very bullish signal and i expect 2$ by the end of the month.
Have a great evening
ETFC has now some analyst returning to their coverage. THis is a very bullish signal and i expect 2$ by the end of the month.
Have a great evening
jeudi 17 décembre 2009
ALERT DAN TVI
Dan has made it today when it did hit 10$. Great achievement but it is not over.
It will see major resistance due to profit taking but expect another good rebond due to high expectations from Q4 2009.
If you are a long holder, 2010 will be grat as automobile market is only poised to go higher.
If you are a short term, then you can pocket some profit now and try to buy back on the dip but it could be difficult to predict at this stage as i expect DAN to be highly volatile for some days ahead.
TVI should be releasing soon their last shipment of the year that will bring a new year record in revenues and profits. This could leaf to another 0,02 gain and time to take some great profit just in time for CHristmas season.
have a great evening
It will see major resistance due to profit taking but expect another good rebond due to high expectations from Q4 2009.
If you are a long holder, 2010 will be grat as automobile market is only poised to go higher.
If you are a short term, then you can pocket some profit now and try to buy back on the dip but it could be difficult to predict at this stage as i expect DAN to be highly volatile for some days ahead.
TVI should be releasing soon their last shipment of the year that will bring a new year record in revenues and profits. This could leaf to another 0,02 gain and time to take some great profit just in time for CHristmas season.
have a great evening
vendredi 4 décembre 2009
Update
Not excessive movement on most stocks since 2 weeks but that could chagne rapidly as the word is spreading aobut end of recession and job creation is on the way.
LVS (NYSE) Was very deceiving with their 2,5B$ IPO 1B$ less than estimated. New price target end of the year 20$. But this one is now a long shot with all rojects and opening that will take place early 2010, it will correct itself in the 30$ value.
ETFC (NASDAQ) Still awaiting more rumors about take over by either TD Ameritrade or JP Morgan. The latest is too quiet at this moment and could surprise everyone. Still a good time to accumulate as even without take over, profit will be back rapidly and expect share soaring right after.
DAN (NYSE) Lst time i mentionned that it was not a question of IF but WHEN and that time has arrived. Superb performance from DAN and numbers are not out yet. Price target early 2010 at 13$
NRI (TSX) What a shame...Got their FDA approval and since then 50% drop...In my view poor management lead the company to that level. Still a hold pending 1st quarter report.
OCNF (NASDAQ) Will rise whenever shipment increase. DO not forget that this company is already having contracts for over 100M$ next year. So it will turn back. It is still an ACCUMATION time.
PXLW (NASDAQ) It is turning the corner and sales will increase dramatically etween now and june 2010. Still a very good time to accumulate. Price target 5$ end of june 2010.
BPOP (NASDAQ) Slowly but going up. WIll get back in line with the next quarter report. This is Poerto RIco biggest bank in assets and will recover. Later than some other but great recover. Price target of 4$ end of march 2010
F (NYSE) This is THE carmaker that will benefit the most in 2009 and 2010. Expect a constant increase to a 14$ level after 2nd quarter 2010 report
TVI( TSX) This will be my star in 2010. Great value. Since 2 months already a double and it's not over yet. With all they have on there plate, i would not be surprise to see that one close to 0,60 end of december next year for a whopping 500% gain.
I will continue to monitor carefully those stocks and i should add a newcomer later this month.
Have a great day
LVS (NYSE) Was very deceiving with their 2,5B$ IPO 1B$ less than estimated. New price target end of the year 20$. But this one is now a long shot with all rojects and opening that will take place early 2010, it will correct itself in the 30$ value.
ETFC (NASDAQ) Still awaiting more rumors about take over by either TD Ameritrade or JP Morgan. The latest is too quiet at this moment and could surprise everyone. Still a good time to accumulate as even without take over, profit will be back rapidly and expect share soaring right after.
DAN (NYSE) Lst time i mentionned that it was not a question of IF but WHEN and that time has arrived. Superb performance from DAN and numbers are not out yet. Price target early 2010 at 13$
NRI (TSX) What a shame...Got their FDA approval and since then 50% drop...In my view poor management lead the company to that level. Still a hold pending 1st quarter report.
OCNF (NASDAQ) Will rise whenever shipment increase. DO not forget that this company is already having contracts for over 100M$ next year. So it will turn back. It is still an ACCUMATION time.
PXLW (NASDAQ) It is turning the corner and sales will increase dramatically etween now and june 2010. Still a very good time to accumulate. Price target 5$ end of june 2010.
BPOP (NASDAQ) Slowly but going up. WIll get back in line with the next quarter report. This is Poerto RIco biggest bank in assets and will recover. Later than some other but great recover. Price target of 4$ end of march 2010
F (NYSE) This is THE carmaker that will benefit the most in 2009 and 2010. Expect a constant increase to a 14$ level after 2nd quarter 2010 report
TVI( TSX) This will be my star in 2010. Great value. Since 2 months already a double and it's not over yet. With all they have on there plate, i would not be surprise to see that one close to 0,60 end of december next year for a whopping 500% gain.
I will continue to monitor carefully those stocks and i should add a newcomer later this month.
Have a great day
mercredi 18 novembre 2009
UPDATE
Good evening,
Time for some update on my preferred stocks.
ETFC (NASDAQ) is again on the verge of take over. With so many call options exercised today, i would expect an offer within the next 45 days from TD ameritrade. BUT do not count JP morgan out in the field. I would not be surprised to see some kind of fight between those 2 companies to take control over ETFC. ADVISE : HOLD till news are out
DAN(NYSE): Still getting great resistance but o think the worst is over. I still expect a major gain within end of year and 8$ by the end of this month. ADVISE BUY
OCNF (NYSE): Finally it is marching back toward the 2$ mark. Expect some bumps along the road but this company will get back on profitability and at the same time expect a great return. ADVISE : BUY
LVS(NSYE) Lot thougher than expected. Seems that 18$ resistance will not go away easily. Still maintain a 25$ objective for the end of november and a buy rating. May re-evaluate the 35$ end of december.
BPOP(NASDAQ): Ver stable and investors are awaiting probably the next quarter report before getting in. ADVISE HOLD
NRI(TSE): May seems totally wrong but it is not unusual to find companies like that going down on good news. Remember that some times you buy on rumous and sell on the news. On long term it is absolutely a great buy. Patience will be required and now is the good time to accumulate.
TVI(TSX) No other word than WOW. It did exactly as forecasted and it's not over yet even if i think we may see some negative trends for a couple of days. Rememeber a penny stock is a paradise for day traders and looking at activity today some are getting in as large blocks were bought then went into the ask price right after. This is normal. Great time to accumulate and at the next shipment notice from TVI expect another very good rise in the stock.
PXLW (NASDAQ) As mentionned previously, it was oversold and we can feel it since a couple of days. After retreating to almost 1,99$ it is climbing back to where it should be near 4$. It is rated a good buy.
UUU(TSX) is still awaiting news from Japan on their 20% production sell to the Japaneese community. When that happen get ready for a huge stock rally. GOod time to accumulate.
PRP(TSX) Well i am out. They fail to deliver and their book orders are getting smaller. Expect a decline to the 0,10 and then it could be a buy but at the moment it is a SELL
FIU (TSX) Again another deceptive stock. I am out and it is a sell
OPC(TSX) It is still a speculative play in case of take over by China. Other than that no more interest. Rating HOLD
One new member on board is Ford (F: NYSE). They have in my opinion the best results this year and could be back into the 15$ within 3 months. Rated BUY
That's it for tonight. REMEMBER: DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE.
The opinions expressed are not from a professional trader but my opinion as a frequent trader
Have a great evening
François
Time for some update on my preferred stocks.
ETFC (NASDAQ) is again on the verge of take over. With so many call options exercised today, i would expect an offer within the next 45 days from TD ameritrade. BUT do not count JP morgan out in the field. I would not be surprised to see some kind of fight between those 2 companies to take control over ETFC. ADVISE : HOLD till news are out
DAN(NYSE): Still getting great resistance but o think the worst is over. I still expect a major gain within end of year and 8$ by the end of this month. ADVISE BUY
OCNF (NYSE): Finally it is marching back toward the 2$ mark. Expect some bumps along the road but this company will get back on profitability and at the same time expect a great return. ADVISE : BUY
LVS(NSYE) Lot thougher than expected. Seems that 18$ resistance will not go away easily. Still maintain a 25$ objective for the end of november and a buy rating. May re-evaluate the 35$ end of december.
BPOP(NASDAQ): Ver stable and investors are awaiting probably the next quarter report before getting in. ADVISE HOLD
NRI(TSE): May seems totally wrong but it is not unusual to find companies like that going down on good news. Remember that some times you buy on rumous and sell on the news. On long term it is absolutely a great buy. Patience will be required and now is the good time to accumulate.
TVI(TSX) No other word than WOW. It did exactly as forecasted and it's not over yet even if i think we may see some negative trends for a couple of days. Rememeber a penny stock is a paradise for day traders and looking at activity today some are getting in as large blocks were bought then went into the ask price right after. This is normal. Great time to accumulate and at the next shipment notice from TVI expect another very good rise in the stock.
PXLW (NASDAQ) As mentionned previously, it was oversold and we can feel it since a couple of days. After retreating to almost 1,99$ it is climbing back to where it should be near 4$. It is rated a good buy.
UUU(TSX) is still awaiting news from Japan on their 20% production sell to the Japaneese community. When that happen get ready for a huge stock rally. GOod time to accumulate.
PRP(TSX) Well i am out. They fail to deliver and their book orders are getting smaller. Expect a decline to the 0,10 and then it could be a buy but at the moment it is a SELL
FIU (TSX) Again another deceptive stock. I am out and it is a sell
OPC(TSX) It is still a speculative play in case of take over by China. Other than that no more interest. Rating HOLD
One new member on board is Ford (F: NYSE). They have in my opinion the best results this year and could be back into the 15$ within 3 months. Rated BUY
That's it for tonight. REMEMBER: DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE.
The opinions expressed are not from a professional trader but my opinion as a frequent trader
Have a great evening
François
mardi 17 novembre 2009
ALERT LVS (NYSE) DAN
LVS is near it's resistance level. If it goes higher than 18,67 than this will be a great buying signal.
I maintain that unless major problem arise, LVS will close the month at 25$ or really near.
DAN is trying to get past it's huge resistance at 7,60. Get ready for a buy signal immediately after 7,60 on good volume over 1M shares. Expect a target price of 8,50$ end of november if it goes past it'resistance.
Have a good evening
I maintain that unless major problem arise, LVS will close the month at 25$ or really near.
DAN is trying to get past it's huge resistance at 7,60. Get ready for a buy signal immediately after 7,60 on good volume over 1M shares. Expect a target price of 8,50$ end of november if it goes past it'resistance.
Have a good evening
lundi 16 novembre 2009
ALERT TVI (TSE)
Tvi has achieved 50% gain since last week and all indicators show signs of another climb to probably 0,13 to 0,16 by the end of this week.
Copper is again on the rise by more than 10% since last month and i expect another record earnings quarter ending december 31st. Add up a refinancement possible before year end and you have all conditions for a stock price explosion to he vicinity of 0,35 end of this year giving a 600% return in only 3 months.
Remember not to invest in those penny stocks more money that you can afford to loose.
Have a good day
François
Copper is again on the rise by more than 10% since last month and i expect another record earnings quarter ending december 31st. Add up a refinancement possible before year end and you have all conditions for a stock price explosion to he vicinity of 0,35 end of this year giving a 600% return in only 3 months.
Remember not to invest in those penny stocks more money that you can afford to loose.
Have a good day
François
jeudi 12 novembre 2009
ALERT TVI (TSX)
TVI has just reported their best quarter in many years (i even think it was their best) with net revenues of more than 0,02 PER SHARE ! WOW
If logics held...that one is going to ride for the next 5-8 days. If they were to add up some kind of refinancing on top of that, that could be my STAR of the year. (beating IQW (tsx) that was sold for over ,10 and paid under 0,007... This one was a killing)
Get ready for the ride that could start tomorrow. Already today volume has been really high anticipating great revenues (already discussed long time ago here...)
Have a good evening.
(for the other stock there will be an update this week end and as of tonight, most of them are in the over sold situation and ready to reboud. Watch DAN (NYSE) as it is trying to explde)
If logics held...that one is going to ride for the next 5-8 days. If they were to add up some kind of refinancing on top of that, that could be my STAR of the year. (beating IQW (tsx) that was sold for over ,10 and paid under 0,007... This one was a killing)
Get ready for the ride that could start tomorrow. Already today volume has been really high anticipating great revenues (already discussed long time ago here...)
Have a good evening.
(for the other stock there will be an update this week end and as of tonight, most of them are in the over sold situation and ready to reboud. Watch DAN (NYSE) as it is trying to explde)
mardi 10 novembre 2009
ALERT OCNF (NYSE)
Very good quarter when we exclude the 1 time event (1 vessel sold book readjusted to 0) that has no incidence on cash.
They now have in cash close over 60 Million $ and are way undervalued. The real value of this stock is now close to 3.50$ (net value of 313M$ and 90M shares outstanding)
Traders will notice and i expect a good recovery on this stock.
As usual be carefull of market opening frenzy and you could even be able to buy more mid day at a price close to 1$. At that price i consider that one a bargain if you are ready to wait 12-18 months to make a great return over 200%.
Have a great evening
They now have in cash close over 60 Million $ and are way undervalued. The real value of this stock is now close to 3.50$ (net value of 313M$ and 90M shares outstanding)
Traders will notice and i expect a good recovery on this stock.
As usual be carefull of market opening frenzy and you could even be able to buy more mid day at a price close to 1$. At that price i consider that one a bargain if you are ready to wait 12-18 months to make a great return over 200%.
Have a great evening
lundi 9 novembre 2009
ALERT NRI LVS DAN
It could well be the day those 3 stocks starts their ascension.
LVS(NYSE) is on the verge of a direction change. If volume is good after opening frenzy, then expect a mjor increase in share price. If it holds over 16,25$ then price traget for novembre 30th will be about 25$ based on technical data.
NRI (TSE) is having a volatile debut after FDA and that is normal. Day traders will be moving away and investors will get in. Expect over 0,50 end of the month.
DAN( NYSE) Car makers are starting to feel the low orders they made in the last 6 months and auto parts will be in great deamnd. Expect 8$ end of november
Have a good one
LVS(NYSE) is on the verge of a direction change. If volume is good after opening frenzy, then expect a mjor increase in share price. If it holds over 16,25$ then price traget for novembre 30th will be about 25$ based on technical data.
NRI (TSE) is having a volatile debut after FDA and that is normal. Day traders will be moving away and investors will get in. Expect over 0,50 end of the month.
DAN( NYSE) Car makers are starting to feel the low orders they made in the last 6 months and auto parts will be in great deamnd. Expect 8$ end of november
Have a good one
jeudi 5 novembre 2009
ALERT NRI (TSX)
NRI has been approved by the FDA (against all odds or almost)
Get ready for a very strong stock price increase.
If you are already in BRAVO you just made a lot of $$$ if you are not be carefull about opening as i cannot forecast how it will react having 500M shares will be very bumpy.
I do expect over 0,80 today and probably the best time to get in will be after lunch when normlly stocks dip.
BE CAREFULL
Get ready for a very strong stock price increase.
If you are already in BRAVO you just made a lot of $$$ if you are not be carefull about opening as i cannot forecast how it will react having 500M shares will be very bumpy.
I do expect over 0,80 today and probably the best time to get in will be after lunch when normlly stocks dip.
BE CAREFULL
mardi 3 novembre 2009
ALERT DAN
As expected DAN (nyse) did show great improvement on their balance sheet. They have lowered their debt significally and their forecast for the coming quarters are very very good.
I expect DAN to fianlly get back to where they belong around 10$
Buy Signal NOW
I expect DAN to fianlly get back to where they belong around 10$
Buy Signal NOW
lundi 2 novembre 2009
ALERT BPOP(nyse)
BPOP just been upgraded to buy from hold. Expect good market reaction.
New buy signal 2,27$
New buy signal 2,27$
UPDATE on DAN F WCS.A NRI LVS
With surprising profit reported by Ford, i am under the impression that the parts manufacturer like DAN (NYSE) and WCS.A (TSX) would have benefitted from it and their quarter reports will also show good improvement.
To be monitored carefully and i expect a great bounce back from DAN.
Next buy signal is 6,59$ with volume over 2M shares.
Regarding NIR(TSX) clock is ticking and after last week anything can happen. I think their chances of getting approved are about 80-20. Expect a really volatile week and maybe the right time to enter some buy at low level (between 0,05 and 0,10) because there are no support on the way down and if rejected it will go down like rock for 1-2 days then will climb back to the 0,18 level. If you were lucjy to get some at 0,,8 then sell at 0,18 that would be a great profit for only a matter of days.
LVS (NYSE) is confusing me. It seems that bad reports are coming one after another and shorters have taken that one really down. If it does nto recover with this week to a price around 18$ then i will lower my expectations to 30$ end of december.
Have a good one.
To be monitored carefully and i expect a great bounce back from DAN.
Next buy signal is 6,59$ with volume over 2M shares.
Regarding NIR(TSX) clock is ticking and after last week anything can happen. I think their chances of getting approved are about 80-20. Expect a really volatile week and maybe the right time to enter some buy at low level (between 0,05 and 0,10) because there are no support on the way down and if rejected it will go down like rock for 1-2 days then will climb back to the 0,18 level. If you were lucjy to get some at 0,,8 then sell at 0,18 that would be a great profit for only a matter of days.
LVS (NYSE) is confusing me. It seems that bad reports are coming one after another and shorters have taken that one really down. If it does nto recover with this week to a price around 18$ then i will lower my expectations to 30$ end of december.
Have a good one.
vendredi 30 octobre 2009
ALERT LVS NRI
Good morning,
As expected LVS (NYSE) got ok for their Honk Kong ipo. Expect a good share rise for the coming days and a small step back at 20$. Buy signal 16.10$ after 10:00 am as market could be a bit strange in early trading.
NRI (TSX) on 3 days left before approval or rejection from FDA. No runnup seen yet indicating 2 things: no leaks and buyers are wating on the sideline to get in as soon as answer is received. Expect a halt trading on tuesday or if not halted tuesday, news could be bad. If it is the case i expect shares to fall to as low as 0,085 after trading resume or hit over 0,70 if news are good. Could be a good idea to put your orders at 0,09 if you want to play the market as shares will get back to 0,20 within a week. This company will not go belly up even if news are not good as many more products are coming.
Have a good day
As expected LVS (NYSE) got ok for their Honk Kong ipo. Expect a good share rise for the coming days and a small step back at 20$. Buy signal 16.10$ after 10:00 am as market could be a bit strange in early trading.
NRI (TSX) on 3 days left before approval or rejection from FDA. No runnup seen yet indicating 2 things: no leaks and buyers are wating on the sideline to get in as soon as answer is received. Expect a halt trading on tuesday or if not halted tuesday, news could be bad. If it is the case i expect shares to fall to as low as 0,085 after trading resume or hit over 0,70 if news are good. Could be a good idea to put your orders at 0,09 if you want to play the market as shares will get back to 0,20 within a week. This company will not go belly up even if news are not good as many more products are coming.
Have a good day
jeudi 29 octobre 2009
LVS ETFC DAN TVI
I hope you took some of the sitting cash to buy some more LVS (NYSE) because as expected, they are the gambling leaders and now get ready for the jump to a new 52 weeks high no later than monday or tuesday when IPO is accepted by Hong Kong regulators.
I think we will even get the answer tomorrow after market close.
If approved, stock will skyrocket by another 1,75$ then end of november it will be over 21$ to end up the year close to 35$.
Look at their results carefully and you will see that Wynn (NYSE) did had a loss when LVS generated a 0,03 cents profit. HUGE difference. Get ready for profit taking near mid december.
ETFC(NASDAQ) Same story. After releasing their numbers, a bear trap was set when it hit less than 1,50$. Now shorts are trying to cover their back and buying back. When you look at the results you will discover that even if losses seem to be phenomenal, they only loss 59M$ being far less than expected. Also their tier 1 ratio is now in the 'well capitalized area' meaning a target war could start rapidly between to major players: TD Ameritrade and Schwabs and guess who will get the most: the one who owns shares TODAY. This is a great opportunity to make a fantastic profit in only a matter of 2-3 months. I am expecting a take over bid by TD ameritrade at about 2,25$ the Schwab will win it at 3$. So it could be a double in only 90 days as it will probably be done before xmas to end the year doing some 'window dressing'. Both of them have made good profit and for example Ameritrade is sitting on cash in excess of 1,4B$. Get ready for a great ride.
DAN (NYSE) This one is ready to fly. Most car companies have indicated an increase in sales. But have you seen a dealer parking lot recently??? THEY DON'T HAVE INVENTORY. So what's next if they want to sell: They have to build cars and believe me they will build them as soon as possible. So who will benefit: Joe around the corner or a 22,000 employees company?
DAN has over 22,000 employees around the world and are ready to ship parts needed and they will.
Expect a major (i mean MAJOR) increase in that stock even if 3rd quarter numbers are not good next week. If it is the case, the share will probably goes to 4,90$ to 5,30$ and that will be another good example of a bear trap and short activity. GET RADY TO GET IN. At that price it will be a bargain. Now estimating july 2010 share value well above 10$.
On TVI (TSX) side, they completed their 8th ore shipment this week and increased their total $ received per shipment to 7,2M$ as expected as copper price still rise. I would not be surprised also to see some news about refinancing coming aroudn november 15th right after their 3rd quarter results indicating a new record revenue. Expect this one to climb well over 0,30$ early next year.
Enjoy your evening
François
I think we will even get the answer tomorrow after market close.
If approved, stock will skyrocket by another 1,75$ then end of november it will be over 21$ to end up the year close to 35$.
Look at their results carefully and you will see that Wynn (NYSE) did had a loss when LVS generated a 0,03 cents profit. HUGE difference. Get ready for profit taking near mid december.
ETFC(NASDAQ) Same story. After releasing their numbers, a bear trap was set when it hit less than 1,50$. Now shorts are trying to cover their back and buying back. When you look at the results you will discover that even if losses seem to be phenomenal, they only loss 59M$ being far less than expected. Also their tier 1 ratio is now in the 'well capitalized area' meaning a target war could start rapidly between to major players: TD Ameritrade and Schwabs and guess who will get the most: the one who owns shares TODAY. This is a great opportunity to make a fantastic profit in only a matter of 2-3 months. I am expecting a take over bid by TD ameritrade at about 2,25$ the Schwab will win it at 3$. So it could be a double in only 90 days as it will probably be done before xmas to end the year doing some 'window dressing'. Both of them have made good profit and for example Ameritrade is sitting on cash in excess of 1,4B$. Get ready for a great ride.
DAN (NYSE) This one is ready to fly. Most car companies have indicated an increase in sales. But have you seen a dealer parking lot recently??? THEY DON'T HAVE INVENTORY. So what's next if they want to sell: They have to build cars and believe me they will build them as soon as possible. So who will benefit: Joe around the corner or a 22,000 employees company?
DAN has over 22,000 employees around the world and are ready to ship parts needed and they will.
Expect a major (i mean MAJOR) increase in that stock even if 3rd quarter numbers are not good next week. If it is the case, the share will probably goes to 4,90$ to 5,30$ and that will be another good example of a bear trap and short activity. GET RADY TO GET IN. At that price it will be a bargain. Now estimating july 2010 share value well above 10$.
On TVI (TSX) side, they completed their 8th ore shipment this week and increased their total $ received per shipment to 7,2M$ as expected as copper price still rise. I would not be surprised also to see some news about refinancing coming aroudn november 15th right after their 3rd quarter results indicating a new record revenue. Expect this one to climb well over 0,30$ early next year.
Enjoy your evening
François
mercredi 28 octobre 2009
where do we stand
LVS (NYSE) Has reached as expected 17,25 then dropped passed his support at 14,95. Unless you believe their results willl be bad and that they will not have their financing to complete their projects and that their IPO will be bad, it is now well priced to make some great profit. Do not throw all your money at once but buy gradually.
ONCF (NYSE) Now figuring into my mystery portfolio. Great balance sheet and still no confidence from market. Under 1$ it has now reach the point where major players are out. Big decision to take on this one. Take the losses or hang on to it and maybe even buy some more to decrease average price.
DAN(NYSE) getting ready to disclose 3rd quarter results and being hit big some kind of sell off. Not great volume so could be only profit taking. I do expect a good recovery on DAN.
PXLW (NASDAQ) What a bad week for a company that is still profitable this year. Not too many can say the same. I am still very confident about this one. Remember that they only have 13M shares on the market and this could explain volatility.
ETFC (NASDAQ) Results were not that bad but it is back to is support. Still lots of rumours about a take over that could send back the shares to about 2,65$. I would not sell my positions right now.
NRI( TO) That is the story of the week. In 5 minutes it went from 0,32 to 0,13 to get back into 0,30 territory and all of this without news. Many investors decided to get out before next week announcement but there were simply no buyers dropping the price to almost 1 year low...Still holding some position on this one but large chunk was eaten by stop loss orders. Somebody somewhere did make a lot of money with my shares...
The market is going nowhere as even if news are not bad, they are not great either. We will need to see improvement on the spending side to finally get into high gear recovery. Until then expect great volatility.
Have a good one
ONCF (NYSE) Now figuring into my mystery portfolio. Great balance sheet and still no confidence from market. Under 1$ it has now reach the point where major players are out. Big decision to take on this one. Take the losses or hang on to it and maybe even buy some more to decrease average price.
DAN(NYSE) getting ready to disclose 3rd quarter results and being hit big some kind of sell off. Not great volume so could be only profit taking. I do expect a good recovery on DAN.
PXLW (NASDAQ) What a bad week for a company that is still profitable this year. Not too many can say the same. I am still very confident about this one. Remember that they only have 13M shares on the market and this could explain volatility.
ETFC (NASDAQ) Results were not that bad but it is back to is support. Still lots of rumours about a take over that could send back the shares to about 2,65$. I would not sell my positions right now.
NRI( TO) That is the story of the week. In 5 minutes it went from 0,32 to 0,13 to get back into 0,30 territory and all of this without news. Many investors decided to get out before next week announcement but there were simply no buyers dropping the price to almost 1 year low...Still holding some position on this one but large chunk was eaten by stop loss orders. Somebody somewhere did make a lot of money with my shares...
The market is going nowhere as even if news are not bad, they are not great either. We will need to see improvement on the spending side to finally get into high gear recovery. Until then expect great volatility.
Have a good one
jeudi 22 octobre 2009
ALERT DAN
DAN (NYSE) is en route for his resistance of 7,45$.
If it breaks 7,59$ this will be a new buy signal if volume is there (over 1M shares). Be carefull about bull trap
If it breaks 7,59$ this will be a new buy signal if volume is there (over 1M shares). Be carefull about bull trap
mercredi 21 octobre 2009
ALERT LVS
LVS (NYSE) is getting close to it's support at 15,97$. If it goes under 15,80$ get ready for another drop to about 14,50$.
I know i have mentionned it should get back to 17$ early this week but i am suspecting a hug increase in short selling as volume is not there and 3 majors blocks were sold at the end of the day almost at the same time WFC got rated sell. This is sometimes seen as negative momentum and for short sellers it is a great opportunity to benefit from market frenzy and fear.
If it goes to a low level like taht, it would be a great opportunity to buy some more unless something really bad is brewing and this, i do not believe. With all that's coming and LVS being the biggest casino operator, and having fixed (or close to) their debt, i still believe in 35$ end of the year.
I know i have mentionned it should get back to 17$ early this week but i am suspecting a hug increase in short selling as volume is not there and 3 majors blocks were sold at the end of the day almost at the same time WFC got rated sell. This is sometimes seen as negative momentum and for short sellers it is a great opportunity to benefit from market frenzy and fear.
If it goes to a low level like taht, it would be a great opportunity to buy some more unless something really bad is brewing and this, i do not believe. With all that's coming and LVS being the biggest casino operator, and having fixed (or close to) their debt, i still believe in 35$ end of the year.
mardi 20 octobre 2009
ALERT PXLW NRI TVI
PXLW (NYSE) Today numbers were a bit disappointing but volume was not that bad. Shares went down to 3,05 being a bear trap or condition named oversold. I expect a rebound and at least it is a good time to acculmulate. The numbers when looked up carefully are very good and i expect a bounce back well above 4$ within 3 weeks. Be patient, rewards will come.
NRI (TSX): It's on the move (unless it is a bull trap or overbought). In my opinion, volume as not picked up yet enough and will increase by probably 3-4 times within the next 5 trading days. Compare to last time when approaching FDA approval date, it is well in advance and volume has just start to pick up. Remember to cast in you sell orders at at level where you make a profit even if not approved. But there is still 10 trading days before approval. If the day prior approval you see a surge in stock price, could mean unconditionnal approval as there are always leaks both ways (look at the charts for august 4th approval date when shares startsed to tumble well before announcement) .
TVI (TSE) With incident in Australia mine, the big news was concerning uraniu price but it will also create a gap of 50,000 tons of copper that will reflect on next week copper price. I would not be surprised to see TVI gain 1 or 2 cents. 2 cents is almost 30% gain). If you want to play this baby, put in your 0,07 orders tonight as i think it will be too late tomorrow. If you enter your orders at 0,07, do not changed them tomorrow morning as it couls also be a bull trap. The difference between mometum and bull trap is that a bull trap has lot more sellers than buyers. Momentum is the opposite. Go to level 2 orders and check it out carefully when market open NOT BEFORE as sometimes traders will send in large orders and then remove them right before market open.
NRI (TSX): It's on the move (unless it is a bull trap or overbought). In my opinion, volume as not picked up yet enough and will increase by probably 3-4 times within the next 5 trading days. Compare to last time when approaching FDA approval date, it is well in advance and volume has just start to pick up. Remember to cast in you sell orders at at level where you make a profit even if not approved. But there is still 10 trading days before approval. If the day prior approval you see a surge in stock price, could mean unconditionnal approval as there are always leaks both ways (look at the charts for august 4th approval date when shares startsed to tumble well before announcement) .
TVI (TSE) With incident in Australia mine, the big news was concerning uraniu price but it will also create a gap of 50,000 tons of copper that will reflect on next week copper price. I would not be surprised to see TVI gain 1 or 2 cents. 2 cents is almost 30% gain). If you want to play this baby, put in your 0,07 orders tonight as i think it will be too late tomorrow. If you enter your orders at 0,07, do not changed them tomorrow morning as it couls also be a bull trap. The difference between mometum and bull trap is that a bull trap has lot more sellers than buyers. Momentum is the opposite. Go to level 2 orders and check it out carefully when market open NOT BEFORE as sometimes traders will send in large orders and then remove them right before market open.
lundi 19 octobre 2009
TVI What's going on
Very interesting company.
They never did over 0,40 in the past but that could change easily. (they hit 0,39 in 2004)
To avoid going bankrupt they had financed their company on high interest loand and even loadns from company officers and gave lots of warrant at an averaging price of 0,016.
Their total shares outsanding fully diluted is over 500M explaining in part their difficulties to move higher. But many who have exercised their warrants must have already taken their profit as i saw many huge stock blocks going on sale recently.
Other problem is that their finances were so bad, they are reporting their results with the mention 'Going concern' forcing them to under evaluate their company value. (Please read quarter reports)
They also settled a court action by stock owners between 2006-2007.
They still have a cumulated deficit of 32M and until april of this year their future was in jeopardy. But they stopped the mine commisionning and started shipping their first 6M$ copper concentrate.
Their financing obtained in February 2009 also is of concern with a 24% annual interest rate. Do not forget it was at the peek of credit freeze.
NOW : THE POSITIVE SIDE
They are shipping copper concentrate and copper price went from 1,77 to 2,94 (today london price)
They were shipping every 6 weeks. Now they are shipping every 4 weeks. (1/3 increase)
Their cost per ton is diminishing rapidly NOW 0,58 agaisnt 0,78 /Cu lb eq
Tons of ore processed per day increase from 90 to 104 Tons per quarter (11% increase)
Copper recovery increased from 61% to 87% (almost 40% increase in processes)
Still unclear as to what is happening to gold and silver recovered during process.
MY FORECAST:
1) Copper will still rise. I expect another 25% during 2010 (3,75$ per pound)
2) Shipments will continue on schedule for a total of 75,000 DMT in 2010
3) They will refinance their debt to a much reasonnable level (9-12%)
4) They will generate enough cash flow to eliminate a good chunk of their debt
5) They will expand their mines again in 2010 using cash flow NOT new stock
6) I expect annual sales of 120M$ in 2010
7) I expect net income per share of 0,14 or better in 2010
8) Share price of 0,42 during 2010 based upon a very very low 3 X net earnings. This is very low but with so many warrants and 500M shares it will take some time before hitting the 1$ mark.
To me this is a BUY but you must understand that it is a penny stock on which MAYBE we need to know more. Normally MARKET KNOWS IT ALL and that stock still being in the 0,06-0,07 indicates that their maybe still a problem or MAYBE nobody knows yet about this company...
In any case, could be a very good play if you have some money that you could loose without loosing sleep.
Please do your own due diligence on this one and never invest more that cou can afford to loose.
Have a great evening
They never did over 0,40 in the past but that could change easily. (they hit 0,39 in 2004)
To avoid going bankrupt they had financed their company on high interest loand and even loadns from company officers and gave lots of warrant at an averaging price of 0,016.
Their total shares outsanding fully diluted is over 500M explaining in part their difficulties to move higher. But many who have exercised their warrants must have already taken their profit as i saw many huge stock blocks going on sale recently.
Other problem is that their finances were so bad, they are reporting their results with the mention 'Going concern' forcing them to under evaluate their company value. (Please read quarter reports)
They also settled a court action by stock owners between 2006-2007.
They still have a cumulated deficit of 32M and until april of this year their future was in jeopardy. But they stopped the mine commisionning and started shipping their first 6M$ copper concentrate.
Their financing obtained in February 2009 also is of concern with a 24% annual interest rate. Do not forget it was at the peek of credit freeze.
NOW : THE POSITIVE SIDE
They are shipping copper concentrate and copper price went from 1,77 to 2,94 (today london price)
They were shipping every 6 weeks. Now they are shipping every 4 weeks. (1/3 increase)
Their cost per ton is diminishing rapidly NOW 0,58 agaisnt 0,78 /Cu lb eq
Tons of ore processed per day increase from 90 to 104 Tons per quarter (11% increase)
Copper recovery increased from 61% to 87% (almost 40% increase in processes)
Still unclear as to what is happening to gold and silver recovered during process.
MY FORECAST:
1) Copper will still rise. I expect another 25% during 2010 (3,75$ per pound)
2) Shipments will continue on schedule for a total of 75,000 DMT in 2010
3) They will refinance their debt to a much reasonnable level (9-12%)
4) They will generate enough cash flow to eliminate a good chunk of their debt
5) They will expand their mines again in 2010 using cash flow NOT new stock
6) I expect annual sales of 120M$ in 2010
7) I expect net income per share of 0,14 or better in 2010
8) Share price of 0,42 during 2010 based upon a very very low 3 X net earnings. This is very low but with so many warrants and 500M shares it will take some time before hitting the 1$ mark.
To me this is a BUY but you must understand that it is a penny stock on which MAYBE we need to know more. Normally MARKET KNOWS IT ALL and that stock still being in the 0,06-0,07 indicates that their maybe still a problem or MAYBE nobody knows yet about this company...
In any case, could be a very good play if you have some money that you could loose without loosing sleep.
Please do your own due diligence on this one and never invest more that cou can afford to loose.
Have a great evening
vendredi 16 octobre 2009
ALERT LVS
Now on oversold condition. Should rebound to 17,18$ beginning of next week
Good time to accumulate some more by reinvesting profit taken recently.
Good time to accumulate some more by reinvesting profit taken recently.
ALERT PXLW
After some profit taking, PXLW (NYSE) is reversing his early morning tendancy.
New price target this month of 4,85
New buy signal NOW
New price target this month of 4,85
New buy signal NOW
jeudi 15 octobre 2009
ALERT DAN PXLW ETFC
PXLW (nyse) has one of it's best day in long time very close to a new 52 weeks high. Something is brewing and i suspect good news are coming regarding earnings. BUY on the dip.
DAN (nyse) New buy signal at 7,41$. Again good results will have it sky rocket (remember cash for clunkers...May have had a major impact)
ETFC (nasdaq) New rumors again of a possible take over. Expect major movement in that one and if it's for real, then major profit to be made in that one.
Stay tune for more good new coming soon.
DAN (nyse) New buy signal at 7,41$. Again good results will have it sky rocket (remember cash for clunkers...May have had a major impact)
ETFC (nasdaq) New rumors again of a possible take over. Expect major movement in that one and if it's for real, then major profit to be made in that one.
Stay tune for more good new coming soon.
mercredi 14 octobre 2009
Finally !
Dow finally broke the 10,000 barrier. What does it means: if next 2 weeks earnings continue on the same trend we have seen with Alcoa Intel, Jp Morgan etc, well we are in for a very nice rally. That does not mean there will be no bumps, but we could think of a 10,750 DOW end of december.
For companies that i follow here are the recaps:
LVS (NYSE) IPO now in november. Will decrease my estimate to 35$ end of december. Still a lot of resistance at 18$ but once broken expect 23-25$ rapidly. Next buy signal is: 19,57$
DAN (NYSE) : For this one it's a question of when and not if. Should be flying (if earnings are good) to 10$ to 12$ end of this year. But they need growth not expenses cut. Next buy signal is: 7,71$
PXLW (NYSE): After recent months ride, expect a really good one. Last quarter they announce profit when everybody expected them to be negative. Their guidance is not precise enough to have a taste of what's coming. I expect 4,75$ if results are good. Next buy signal is: NOW
ETFC (NASDAQ): This could be a shocker. It is trading almost flat but they will deliver reasonable results. So expect a spike about 0,50 to 0,75 after results. Next buy signal is: 1,83
NRI (TSE): only a matter of days to know where it will be going. FDA expected on nov 4th and then, if approved, expect 1,00 to 1,25 and if not, well how about 0,11. PURE speculation stock but could be very interesting. Next buy signal is: 0,37
TVI (TSE): Again, probably too late to buy at 0,065 as there is too many order already (but even 0,07 is not bad). With copper price going up, shipments of ore every 4 weeks, this company will end up october with a share value less than 1/4 of their annual sales...It does not make any sense and big players will find it out.Expect 0,125 cents end of december unless there is something really bad that i do not know about them. Next buy signal is: NOW
BPOP (NASDAQ): Due for earning tomorrow. Results will be ok and previsions will be a lot better as situation improves. This is what's going to make that stock move higher NOT the results. Being #1 bank in Puerto Rico (by assets value) it could achieve a major rebound until end of this year. Maybe optimistic but 5$ does not sound bad for this one. Next buy signal is: 2,91
FITB (NASDAQ) I am still out even if i think one could be the next Wells Fargo. The problem is stock has no direction and trading sideline. It will explode but even if i think it could be up, i do remember that last quarter they had a partnership establish for one of their division that generated lots of profit. This will not happen this quarter so on that one i do not know. One think is sure, 3rd quarter will gives a good idea of where it is going. Be carefull about overbuy reaction and wait for stabilisation after it's next move. Next buy signal is: HOLD
OCNF (NASDAQ) It is still to accumulate on this one. This is a long shot and even if i would not buy tons of it, i would go gradually with the dips. To me it is still a buy and i expect 1,75 end of this year. Next buy signal is: 1,31
PRP(TSE) NEW ONE.... Again in the penny stock arena but this is the leader of his domain. They had major financial problems this year but were named the leading tech company in Canada regarding growth over the years. With the move they did to raise money and orders still coming in, there is no doubt it will eventually be really profitable but until then it will stay in the penny stock range. I would play a bit on this one and would not be surprise to see gradually improve to the 1$ level within a year. If it does , it is a 500% return. But again DO NOT PUT ALL your $$$ in this baby. It could burn you badly. This is a penny stock and must be 'play' money only. Next buy signal is: 0,215
This week-end i will go in depth on TVI trying to find out the reasons why it is so low and the real expectations of this company.
Have a good evening
For companies that i follow here are the recaps:
LVS (NYSE) IPO now in november. Will decrease my estimate to 35$ end of december. Still a lot of resistance at 18$ but once broken expect 23-25$ rapidly. Next buy signal is: 19,57$
DAN (NYSE) : For this one it's a question of when and not if. Should be flying (if earnings are good) to 10$ to 12$ end of this year. But they need growth not expenses cut. Next buy signal is: 7,71$
PXLW (NYSE): After recent months ride, expect a really good one. Last quarter they announce profit when everybody expected them to be negative. Their guidance is not precise enough to have a taste of what's coming. I expect 4,75$ if results are good. Next buy signal is: NOW
ETFC (NASDAQ): This could be a shocker. It is trading almost flat but they will deliver reasonable results. So expect a spike about 0,50 to 0,75 after results. Next buy signal is: 1,83
NRI (TSE): only a matter of days to know where it will be going. FDA expected on nov 4th and then, if approved, expect 1,00 to 1,25 and if not, well how about 0,11. PURE speculation stock but could be very interesting. Next buy signal is: 0,37
TVI (TSE): Again, probably too late to buy at 0,065 as there is too many order already (but even 0,07 is not bad). With copper price going up, shipments of ore every 4 weeks, this company will end up october with a share value less than 1/4 of their annual sales...It does not make any sense and big players will find it out.Expect 0,125 cents end of december unless there is something really bad that i do not know about them. Next buy signal is: NOW
BPOP (NASDAQ): Due for earning tomorrow. Results will be ok and previsions will be a lot better as situation improves. This is what's going to make that stock move higher NOT the results. Being #1 bank in Puerto Rico (by assets value) it could achieve a major rebound until end of this year. Maybe optimistic but 5$ does not sound bad for this one. Next buy signal is: 2,91
FITB (NASDAQ) I am still out even if i think one could be the next Wells Fargo. The problem is stock has no direction and trading sideline. It will explode but even if i think it could be up, i do remember that last quarter they had a partnership establish for one of their division that generated lots of profit. This will not happen this quarter so on that one i do not know. One think is sure, 3rd quarter will gives a good idea of where it is going. Be carefull about overbuy reaction and wait for stabilisation after it's next move. Next buy signal is: HOLD
OCNF (NASDAQ) It is still to accumulate on this one. This is a long shot and even if i would not buy tons of it, i would go gradually with the dips. To me it is still a buy and i expect 1,75 end of this year. Next buy signal is: 1,31
PRP(TSE) NEW ONE.... Again in the penny stock arena but this is the leader of his domain. They had major financial problems this year but were named the leading tech company in Canada regarding growth over the years. With the move they did to raise money and orders still coming in, there is no doubt it will eventually be really profitable but until then it will stay in the penny stock range. I would play a bit on this one and would not be surprise to see gradually improve to the 1$ level within a year. If it does , it is a 500% return. But again DO NOT PUT ALL your $$$ in this baby. It could burn you badly. This is a penny stock and must be 'play' money only. Next buy signal is: 0,215
This week-end i will go in depth on TVI trying to find out the reasons why it is so low and the real expectations of this company.
Have a good evening
lundi 12 octobre 2009
So where do we stand ?
Dow has flirted with the 10,000 and no doubt it will break it if results coming are good and if FORECAST revenues are on the rise. There is no way market will climb again if expected 4th quarter revenues are revised lower. Companies have made it ok so far but most of them from cuts in spending. Now is time for growth.
I expect banks to be better than expected especially the big one like Wells Fargo (WFC:NYSE)and some surprises in manufacturing goods. Later this week we will see manufacturing capacity % and i expect a rise signaling some growth in that area. This is the base for any major recovery for the next 2 quarters.
On metals, prices are increasing and this tells me there is more demand for basic stuff. This is another good signal for the coming months.
So this week is a crucial one for market trend as we are exiting the market correction from the last 2 weeks ( almost 6% as expected in the last 10 trading days when considering intraday)
On all companies that i have under the radar, TVI (TSE) is at the moment the one that i suspect is ready for good increase. Their revenus will be around 150% of what they were in the last quarter and projections will be higher than originally thought. I wouldl not be surprise to see their share price goes as high as 0,20 cents after their results are published around november 13th to 16th. They will probably announce also that they have refinanced their debt reducing their interest expenses and those 2 factors combined will boost that company a lot. If they reach 0,20 cents on nov 16th, this would represents a 300% return in 1 month. Not bad...
This is time to accumulate and i think it's a good deal at 0,065. Put your bids and be patient. Many are still willing to sell at that price as they probably bought this one at about 0,03 when everything looked bad for them. Remember that this is pure speculation DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE. Even 2500$ will get you 40,000 shares...
For all other companies it's a wait and see game. Do not forget to put your stop losses just in case it turns sour...
Good week and watch for trend alerts.
I expect banks to be better than expected especially the big one like Wells Fargo (WFC:NYSE)and some surprises in manufacturing goods. Later this week we will see manufacturing capacity % and i expect a rise signaling some growth in that area. This is the base for any major recovery for the next 2 quarters.
On metals, prices are increasing and this tells me there is more demand for basic stuff. This is another good signal for the coming months.
So this week is a crucial one for market trend as we are exiting the market correction from the last 2 weeks ( almost 6% as expected in the last 10 trading days when considering intraday)
On all companies that i have under the radar, TVI (TSE) is at the moment the one that i suspect is ready for good increase. Their revenus will be around 150% of what they were in the last quarter and projections will be higher than originally thought. I wouldl not be surprise to see their share price goes as high as 0,20 cents after their results are published around november 13th to 16th. They will probably announce also that they have refinanced their debt reducing their interest expenses and those 2 factors combined will boost that company a lot. If they reach 0,20 cents on nov 16th, this would represents a 300% return in 1 month. Not bad...
This is time to accumulate and i think it's a good deal at 0,065. Put your bids and be patient. Many are still willing to sell at that price as they probably bought this one at about 0,03 when everything looked bad for them. Remember that this is pure speculation DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE. Even 2500$ will get you 40,000 shares...
For all other companies it's a wait and see game. Do not forget to put your stop losses just in case it turns sour...
Good week and watch for trend alerts.
lundi 5 octobre 2009
This is Earnings season !
How will market react ??? What is to expect from companies ???
LVS (NYSE): will be a better quarter than Q2 even if i do not expect a profit. Should be a lot better than 137.5 M$ loss in Q2. Should be announced end of october.
ETFC (NYSE): Could be another bad quarter considering provision for losses on mortgages but we can see light at the end of the tunnel as i expect the % to decrease. The return on the market by traders will increase their revenues much more than anticipated.
NRI (TSE): Nothing will happen until fda answer on Pennsaid. I expect a positive answer but not unconditional. It should also be their best quarter ever.
RF (NYSE): I would not be surprise by a good quarter and especially a good 2010 forecast as the recession will end gradually over the next 6-12 months. Provisions will be less and profit up.
DAN (NYSE): Good quarter but outlook will still show lack of spending for cars from customers. I expect good results and maybe close to a profit.
PXLW(NYSE): will again show improvement on profit even if sales are not there yet.
TVI(TSE): This one could be the surprise of this earning season. With 4 ore shipments this quarter it could be their best quarter ever and a great profit. This one could double when numbers will be published.
OCNF(NYSE): Still bumpy...Hard to figure out results as they are renting ships. They have a good balance sheet and i still expect some interesting results. But i do not expect great surprise until 2010. It is still time to accumulate their shares.
WCS.A (TSE): They face same problems and results than DAN (NYSE) and i do not expect great results until 2010.
Some more stocks will be put on my radar screen this week as we do have some movers. But too early to say if it is on momentum or real profit. Stay tune...
Enjoy the bumpy ride for the next couple of weeks and it all starts with Alcoa being the first to announce their results. Then the market will find it's direction. I do expect some kind of surprise and good 2010 outlook. If that is the case, that will indicate a very good rally to come.
Have fun
LVS (NYSE): will be a better quarter than Q2 even if i do not expect a profit. Should be a lot better than 137.5 M$ loss in Q2. Should be announced end of october.
ETFC (NYSE): Could be another bad quarter considering provision for losses on mortgages but we can see light at the end of the tunnel as i expect the % to decrease. The return on the market by traders will increase their revenues much more than anticipated.
NRI (TSE): Nothing will happen until fda answer on Pennsaid. I expect a positive answer but not unconditional. It should also be their best quarter ever.
RF (NYSE): I would not be surprise by a good quarter and especially a good 2010 forecast as the recession will end gradually over the next 6-12 months. Provisions will be less and profit up.
DAN (NYSE): Good quarter but outlook will still show lack of spending for cars from customers. I expect good results and maybe close to a profit.
PXLW(NYSE): will again show improvement on profit even if sales are not there yet.
TVI(TSE): This one could be the surprise of this earning season. With 4 ore shipments this quarter it could be their best quarter ever and a great profit. This one could double when numbers will be published.
OCNF(NYSE): Still bumpy...Hard to figure out results as they are renting ships. They have a good balance sheet and i still expect some interesting results. But i do not expect great surprise until 2010. It is still time to accumulate their shares.
WCS.A (TSE): They face same problems and results than DAN (NYSE) and i do not expect great results until 2010.
Some more stocks will be put on my radar screen this week as we do have some movers. But too early to say if it is on momentum or real profit. Stay tune...
Enjoy the bumpy ride for the next couple of weeks and it all starts with Alcoa being the first to announce their results. Then the market will find it's direction. I do expect some kind of surprise and good 2010 outlook. If that is the case, that will indicate a very good rally to come.
Have fun
vendredi 2 octobre 2009
ALERTE LVS (NYSE)
Could be breaking his 14,80 support . If it does with good volume early this morning , then get ready for 12$ to 13$.
This could represent a great buy opportunity either mid day or monday depending on the job report.
This could represent a great buy opportunity either mid day or monday depending on the job report.
jeudi 1 octobre 2009
MARKET CORRECTION
As expected we started the real correction today and could well be worst tomorrow.
Just be carefull as market could open higher giving the impression it will rally. WAIT i have seen many rapid change in direction especially during the week end and often touching the bottom only mid day on monday.
So be patient, and enjoy the week-end. There will be plenty of good deal as it is only a correction where tons of profit has been realized. Good stock will go back to their real value.
Just be carefull as market could open higher giving the impression it will rally. WAIT i have seen many rapid change in direction especially during the week end and often touching the bottom only mid day on monday.
So be patient, and enjoy the week-end. There will be plenty of good deal as it is only a correction where tons of profit has been realized. Good stock will go back to their real value.
lundi 28 septembre 2009
Two new members of portfolio TVI WCS.A
Good morning,
I am adding up 2 new stocks to watch this morning.
TVI (TSX): a small mining corp in the Philippines. Why that speculative move when i do not like penny stocks: because this one now have sales higher than company value !!! They will end up the year with sales over 50M$ and corporation value is still under 30M$. So either this will be a total loss or a 10 fold winner within a year. For that reason, i would go for 50-100K shares from profit made with DAN or LVS. With that market being flat we need some andrenaline here...
WCS.A (TSX) is my second one today. One of the biggest car exhaust manufacturer and it has suffered a lot over last year. With a book value per share of around 15$ and share price of 2,50$ maths are easy to follow. This could be a 5X winner this next semester. By the way it has just been rated BUY from Genuity.
Some updates:
LVS (NYSE): still awaiting IPO for Macau but seems to been postponed and they will be the 2nd one after WYNN (NYSE). Too bad but timing could be good if markets continues to rise. They could gain by raising IPO share price. With that in mind, i reduce expected share price to 45$ end of December.
FITB (NASDAQ) : still moving sideways. NOT GOOD compare to other like RF (NYSE) and BPOP (NASDAQ) . I would prefer BPOP (NASDAQ) then FITB (NASDAQ) at this moment.
NRI (TSX): FDA decision is coming rapidly and share should start moving higher within 10-15 days. This could be a potential for a 3 fold gain before end of year. Expect a 0,85-1,25$ if approved and 0,15 if rejected. Be careful and maybe selling 1/3 the day before approval to lower the risk could be wise.
DAN (NYSE): Still a great potential company. I would not be surprised to see that one rise to a 10$ before year end and if results in October are great, expect 14$ before end of december.
ETFC (NASDAQ) : Well, this baby could rock rapidly. For example last week Capital who is owner of 9,9% of ETFC (NASDAQ) sold over 80M shares and it has almost not loss ground.
PXLW (NASDAQ) : still on radar but last week drop is in it's habits... Looking at charts, it seems that some traders are moving gradually and it's pattern is the same for almost last 6 months where it climb then gives back half then ove higher then again gives back half. If it moves under 2,89$ then i would be a sell otherwise next buy signeal is 3,45$
OCNF (NASDAQ) : It should be back on track. This one is leasing cargo and as long as freight is not moving more than it is now, share price will stay between 1,38 to 1,60$. BUT net value per share is still around 10$. When it starts moving get ready as it will be fast and lucrative.
UUU (TSX) and FIU (TSX) have moved down as lot of profit was taken last week. Uranium price is still low and we did not had any update of the deal between UUU and Japan. This will take place any time before end of december and expect volatility. I have no doubt that Japan will sign that 270M$ deal then expect major rise in the stock price. Another good winner in sight.
Enjoy the week and will see if market will correct itself but the longer it goes, it is going to be radical one way or the other. It is like a rubber band. It is getting stretch a lot and something will happen. If we can stay at where we are for the next 3 weeks, then it will be a major run. Faster than we can expect and DOW will hit the 10,500 If it goes the other way, expect 9050 then the rally will start to 10500. In both cases the one who invest will be rewarded, the speculators will be burn. So please make sure you do not invest more money than you can loose and consult your financial planner before investing.
I am adding up 2 new stocks to watch this morning.
TVI (TSX): a small mining corp in the Philippines. Why that speculative move when i do not like penny stocks: because this one now have sales higher than company value !!! They will end up the year with sales over 50M$ and corporation value is still under 30M$. So either this will be a total loss or a 10 fold winner within a year. For that reason, i would go for 50-100K shares from profit made with DAN or LVS. With that market being flat we need some andrenaline here...
WCS.A (TSX) is my second one today. One of the biggest car exhaust manufacturer and it has suffered a lot over last year. With a book value per share of around 15$ and share price of 2,50$ maths are easy to follow. This could be a 5X winner this next semester. By the way it has just been rated BUY from Genuity.
Some updates:
LVS (NYSE): still awaiting IPO for Macau but seems to been postponed and they will be the 2nd one after WYNN (NYSE). Too bad but timing could be good if markets continues to rise. They could gain by raising IPO share price. With that in mind, i reduce expected share price to 45$ end of December.
FITB (NASDAQ) : still moving sideways. NOT GOOD compare to other like RF (NYSE) and BPOP (NASDAQ) . I would prefer BPOP (NASDAQ) then FITB (NASDAQ) at this moment.
NRI (TSX): FDA decision is coming rapidly and share should start moving higher within 10-15 days. This could be a potential for a 3 fold gain before end of year. Expect a 0,85-1,25$ if approved and 0,15 if rejected. Be careful and maybe selling 1/3 the day before approval to lower the risk could be wise.
DAN (NYSE): Still a great potential company. I would not be surprised to see that one rise to a 10$ before year end and if results in October are great, expect 14$ before end of december.
ETFC (NASDAQ) : Well, this baby could rock rapidly. For example last week Capital who is owner of 9,9% of ETFC (NASDAQ) sold over 80M shares and it has almost not loss ground.
PXLW (NASDAQ) : still on radar but last week drop is in it's habits... Looking at charts, it seems that some traders are moving gradually and it's pattern is the same for almost last 6 months where it climb then gives back half then ove higher then again gives back half. If it moves under 2,89$ then i would be a sell otherwise next buy signeal is 3,45$
OCNF (NASDAQ) : It should be back on track. This one is leasing cargo and as long as freight is not moving more than it is now, share price will stay between 1,38 to 1,60$. BUT net value per share is still around 10$. When it starts moving get ready as it will be fast and lucrative.
UUU (TSX) and FIU (TSX) have moved down as lot of profit was taken last week. Uranium price is still low and we did not had any update of the deal between UUU and Japan. This will take place any time before end of december and expect volatility. I have no doubt that Japan will sign that 270M$ deal then expect major rise in the stock price. Another good winner in sight.
Enjoy the week and will see if market will correct itself but the longer it goes, it is going to be radical one way or the other. It is like a rubber band. It is getting stretch a lot and something will happen. If we can stay at where we are for the next 3 weeks, then it will be a major run. Faster than we can expect and DOW will hit the 10,500 If it goes the other way, expect 9050 then the rally will start to 10500. In both cases the one who invest will be rewarded, the speculators will be burn. So please make sure you do not invest more money than you can loose and consult your financial planner before investing.
vendredi 25 septembre 2009
Drop avoided
Well, after all asian markets corrected themselves (including TSE) over the last few days, our DOW does not want to do it.
Either we are awaiting a major drop either a major increase during earning seasons. Only god knows...
This will be really tricky to predict as there seems no clear direction is in sight.
The only solution is to diversified the portfolio and buy on the dips.
In any case, it is still the right time to keep some money on the side line until earning seasons is on the way because until then moves could be very minimum.
Enjoy your week-end and keep an eye on ETFC. Rumours are still spreading about a buyout from another broker...
Either we are awaiting a major drop either a major increase during earning seasons. Only god knows...
This will be really tricky to predict as there seems no clear direction is in sight.
The only solution is to diversified the portfolio and buy on the dips.
In any case, it is still the right time to keep some money on the side line until earning seasons is on the way because until then moves could be very minimum.
Enjoy your week-end and keep an eye on ETFC. Rumours are still spreading about a buyout from another broker...
jeudi 24 septembre 2009
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Just write a comment indicating your request on any stock (NYSE NASDAQ and TSE (Sorry no penny stock)) and i will reply my own opinion as a hold, buy or sell.
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Are we there yet ???
Yes we are...
Based upon all indicators, correction is upon us. Hope you took your profit recently as the ride could be very interesting as i expect a great opportunity to buy stock at a really cheap price.
Watch: LVS ETFC OCNF and PXLW.
The fundamentals have not changed : only many will take their profit this friday and i would not be surprised if it would be going into monday.
Asian markets are already on the move. Yesterday the Hang Seng and tonight the Nikkei are on the down side. SO what do you do if you did not took any profit ?
It's not a crash only a minor correction and because the fundamentals have not changed, they will eventually come back probably around mid october during earning season.
It would not be the right time to sell at the opening tomorrow morning as it could be really bad. Just wait 20-30 minutes before taking any decision. If market open REALLY lower then rebound a bit, watch for a change in trend. If markets DOES not stay on the upside be ready for the correction and as of tonight, i would expect over 300 points.
Then it's not also the right timing to buy unless the drop is a lot more than 400 followed by a 15 to 30 minutes stabilisation then going upward. Otherwise wait for the market answer on monday and again do not buy at the opening unless another huge drop happen. WAIT for markets to stabilizes or still climbing after 30 minutes of trading. Then enjoy shopping for real cheap stock with profit you took from last week. If monday's opening is really bad (another 300 points or more) then it will be the right time as market will not suffer a 600 points drop.
So, i would be a buyer at 500 points combining friday and monday. If it drops 500 tomorrow, then GO if less than 300 WAIT for monday.
Enjoy the ride as it could be a great one.
Good evening.
Based upon all indicators, correction is upon us. Hope you took your profit recently as the ride could be very interesting as i expect a great opportunity to buy stock at a really cheap price.
Watch: LVS ETFC OCNF and PXLW.
The fundamentals have not changed : only many will take their profit this friday and i would not be surprised if it would be going into monday.
Asian markets are already on the move. Yesterday the Hang Seng and tonight the Nikkei are on the down side. SO what do you do if you did not took any profit ?
It's not a crash only a minor correction and because the fundamentals have not changed, they will eventually come back probably around mid october during earning season.
It would not be the right time to sell at the opening tomorrow morning as it could be really bad. Just wait 20-30 minutes before taking any decision. If market open REALLY lower then rebound a bit, watch for a change in trend. If markets DOES not stay on the upside be ready for the correction and as of tonight, i would expect over 300 points.
Then it's not also the right timing to buy unless the drop is a lot more than 400 followed by a 15 to 30 minutes stabilisation then going upward. Otherwise wait for the market answer on monday and again do not buy at the opening unless another huge drop happen. WAIT for markets to stabilizes or still climbing after 30 minutes of trading. Then enjoy shopping for real cheap stock with profit you took from last week. If monday's opening is really bad (another 300 points or more) then it will be the right time as market will not suffer a 600 points drop.
So, i would be a buyer at 500 points combining friday and monday. If it drops 500 tomorrow, then GO if less than 300 WAIT for monday.
Enjoy the ride as it could be a great one.
Good evening.
mardi 22 septembre 2009
And the winner is DAN
WOW: it moved well beyond expectations. Thanks to the upgrade to a 8$ value, this one has rocked the day. I know i was expecting an oversold condition but finally market has well reacted to this great company.
Looking at the chart, it is now really difficult to see any resistance over 8$. If results coming in october are beating estimates god knows where that stock could move to. The value of that company has never been really analysed as the new DAN came out of bankruptcy in january 2008 right into the biggest start of a down trend. So who knows the kind of profit they can achieve. Only time will tell but i think it is a great one to be long.
The other guys performed ok LVS: continue to climb and awaits the Macau IPO to catapult this one to over 25$, FITB still on the sideline and even analyst at Wells Fargo are not saying much about this one.
RF is still doing great with another 0,28 cents today and NRI is still moving sidelines too awaiting to be closer to the nov 4th FDA answer. Expect a good climb mid october and this could be the right time to get abord this one. I would not be surprise to see it around 0,75 before nov 4th and if approved, well sky is the limit.
ETFC did gave back some of the run of yesterday as BMO thinks it's overvalued at this price...well, when results comes out in october we could be in for a big surprise if i read between the line from ETFC management report. Again, good time to get in.
OCNF is having problem but nothing catastrophic. I would not sell unless it goes well under 1,20$ on huge volume and even then, i would think about selling twice. Have a look at their book value...
As for a correction, market does not seems interested...The longer it goes, the tougher it will be or the gains will be a lot higher. In any scenario, the move will be huge probaly in the 300-400 points followed by opposite direction for about 1/3 the day after.
Have a great evening and get ready for tomorrow as DAN will be interesting to follow if you only sold some to cash in your profit. If you sold them all, well who can be blamed to cash in...
Looking at the chart, it is now really difficult to see any resistance over 8$. If results coming in october are beating estimates god knows where that stock could move to. The value of that company has never been really analysed as the new DAN came out of bankruptcy in january 2008 right into the biggest start of a down trend. So who knows the kind of profit they can achieve. Only time will tell but i think it is a great one to be long.
The other guys performed ok LVS: continue to climb and awaits the Macau IPO to catapult this one to over 25$, FITB still on the sideline and even analyst at Wells Fargo are not saying much about this one.
RF is still doing great with another 0,28 cents today and NRI is still moving sidelines too awaiting to be closer to the nov 4th FDA answer. Expect a good climb mid october and this could be the right time to get abord this one. I would not be surprise to see it around 0,75 before nov 4th and if approved, well sky is the limit.
ETFC did gave back some of the run of yesterday as BMO thinks it's overvalued at this price...well, when results comes out in october we could be in for a big surprise if i read between the line from ETFC management report. Again, good time to get in.
OCNF is having problem but nothing catastrophic. I would not sell unless it goes well under 1,20$ on huge volume and even then, i would think about selling twice. Have a look at their book value...
As for a correction, market does not seems interested...The longer it goes, the tougher it will be or the gains will be a lot higher. In any scenario, the move will be huge probaly in the 300-400 points followed by opposite direction for about 1/3 the day after.
Have a great evening and get ready for tomorrow as DAN will be interesting to follow if you only sold some to cash in your profit. If you sold them all, well who can be blamed to cash in...
lundi 21 septembre 2009
ALERT DAN
As previously mentionned DAN will be issuing up to 31 M shares representing an increase of 31% in the number of shares.
This could lead to an oversold situation tomorrow. Watch for pricing close to 4$. Good time to get back in as results for 3rd quarter will be probably surprising good due to cash for clunkers that had a great success.
If you took your profit as advised, then you will be able to increase your chunk of shares.
New price estimated is 8,25$ to 9,25 before year end. Will still be a good 200% return.
This could lead to an oversold situation tomorrow. Watch for pricing close to 4$. Good time to get back in as results for 3rd quarter will be probably surprising good due to cash for clunkers that had a great success.
If you took your profit as advised, then you will be able to increase your chunk of shares.
New price estimated is 8,25$ to 9,25 before year end. Will still be a good 200% return.
Are we there yet ?
Market is still trying to get higher even if being all pressured for a correction and today will be a good indicator of what's coming. Starting a day on the negative side and ending on the plus side means that it does not want to stop the rally. But watch out for a negative trend increasing mid day. This could be an indicator of the awaited correction. But do not expect major moves either way but remember that caution must still be applied.
There will be profit taking today but i expect a rebound tomorrow unless we are there now !
I still foresee a minor correction of 6-8 % and we are ready for it as we took profit last week on major stock advacnes like DAN, FITB and some profit on LVS.
Except some small clouds, this week will be a good one but again, caution must be exercise before doing any major move. THe market have rally a lot, it will give back some.
Have a good one
There will be profit taking today but i expect a rebound tomorrow unless we are there now !
I still foresee a minor correction of 6-8 % and we are ready for it as we took profit last week on major stock advacnes like DAN, FITB and some profit on LVS.
Except some small clouds, this week will be a good one but again, caution must be exercise before doing any major move. THe market have rally a lot, it will give back some.
Have a good one
jeudi 17 septembre 2009
ALERTE DAN
Be carefull as they plan to sell 500M$ in stocks. Could affect a lot their value per share as it is almost 50% dilution.
Good time to place your stop losses orders.
Good time to place your stop losses orders.
lundi 14 septembre 2009
BANKS ON THE DOWN SIDE
Hope you took profits on your US banks as i expect a bad day for most us banks today.
If you want to get back in some of them, be patient :
FITB wait for a 9.05 to 9,25. Good place to put a buy order
RF wait for 5,15$ to 5,25$
BPOP could hit a 1,99$ intraday low
If you are in HBAN be very careful as this one has been trading sideways for a long period of time and could be set for a good drop.
Regarding the new stocks mentionned this week-end, UUU could hit close to 1,99$ and this would be a great buy signal and for FIU it should continue his up trend today.
Not too many things otherwise: be carefull as we are still expecting a 6-8% correction and pay attention to a W formation between today and tomorrow. Unless market goes over closing of friday STAY AWAY at this moment.
It will be interesting to watch LVS try to push the 17,30 barrier and if it does, wait for the dip and then buy.
Have a good day and a good show !
If you want to get back in some of them, be patient :
FITB wait for a 9.05 to 9,25. Good place to put a buy order
RF wait for 5,15$ to 5,25$
BPOP could hit a 1,99$ intraday low
If you are in HBAN be very careful as this one has been trading sideways for a long period of time and could be set for a good drop.
Regarding the new stocks mentionned this week-end, UUU could hit close to 1,99$ and this would be a great buy signal and for FIU it should continue his up trend today.
Not too many things otherwise: be carefull as we are still expecting a 6-8% correction and pay attention to a W formation between today and tomorrow. Unless market goes over closing of friday STAY AWAY at this moment.
It will be interesting to watch LVS try to push the 17,30 barrier and if it does, wait for the dip and then buy.
Have a good day and a good show !
dimanche 13 septembre 2009
NEW PICKS
Looking into our stock portfolio, what do we own now: banks, entertainement, manufacturers and freight. But what about mines ?
Ok, there are many of them and i will go with something more exotic: uranium.
2 of them catched my attention: FIU and UUU.
Both of them have already been corrected since 4 months and these 2 represents good possible appreciation in short term.
UUU is awaiting a deal with Japan that could double his value and it is a pure uranium play. These days Uranium price are at about 40% discount of what they were not too long ago. I would play this one for appreciation within 6 months and ONLY small amount at the time as it is on a very negative trend on low volume. Whenever it goes back to 2,45 with some good volume, it will be a good buy but again be carefull. Contrarians will love this one ! (Interestingly it's symbol just been added to S&P small cap index)
FIU is another great one corrected by more than 50% in the last 6 months and is a play based on uranium and gold. On the short run, it could be a 100 % one within 2-3 months as it could easily goes back to 8$ if gold stays where it is and uranium would be decent enough to climb back to past value. With those 2 conditions, this one could rocket to 13$.
These are my 2 new picks and for the moment and my preferred one is FIU then UUU. If you want to go with both, i would suggest 66% FIU and 33% UUU.
At this time i would not invest in base metals like copper. Run could be really good but will mostly depends on China until recession is really over.
Ok, there are many of them and i will go with something more exotic: uranium.
2 of them catched my attention: FIU and UUU.
Both of them have already been corrected since 4 months and these 2 represents good possible appreciation in short term.
UUU is awaiting a deal with Japan that could double his value and it is a pure uranium play. These days Uranium price are at about 40% discount of what they were not too long ago. I would play this one for appreciation within 6 months and ONLY small amount at the time as it is on a very negative trend on low volume. Whenever it goes back to 2,45 with some good volume, it will be a good buy but again be carefull. Contrarians will love this one ! (Interestingly it's symbol just been added to S&P small cap index)
FIU is another great one corrected by more than 50% in the last 6 months and is a play based on uranium and gold. On the short run, it could be a 100 % one within 2-3 months as it could easily goes back to 8$ if gold stays where it is and uranium would be decent enough to climb back to past value. With those 2 conditions, this one could rocket to 13$.
These are my 2 new picks and for the moment and my preferred one is FIU then UUU. If you want to go with both, i would suggest 66% FIU and 33% UUU.
At this time i would not invest in base metals like copper. Run could be really good but will mostly depends on China until recession is really over.
vendredi 11 septembre 2009
ALERT LVS
Major increase this morning. Watch for 17,38$
If with good volume breaks that level, new buy signal up to 18,35$
If with good volume breaks that level, new buy signal up to 18,35$
LAST DAY OF SIDEWAYS TRADING ???
LVS has been absolutely oversold again yesterday and is not of any concerns to me toady. Thanks to profit taker, it lost half of previous gains. Today should be the opposite. Expect a run up over 0,50 and it should test again the 17$ resistance. I still expect IPO announce later this month and price target of 75$ end of this year due to enthousiastic investors. Remember this was the leading star in casino business and will get back as number 1. I also think that there is a war between WYNN and LVS to be the first gaining listing on Honk Kong exchange. Early bird will get more $$$ per share.
DAN Is still acting as mentionned. Today an upswing is forecasted and will probably touch the 6$ barrier. This is where it will become either a major gainer or ready for a severe correction. Check for big lots to be sold today. If it does not happen and gets over 5,97$ on good volume over 2M shares then his technical analysis will change from a head and shoulder figure to what I call a John Travolta one (remember Satuday Night Fever with hand pointing to the sky) and will shout for 8$ to 8,50$ before any major correction.
NRI is getting pressured from profit maker. Remember that in the case of a micro corp (penny stock) profit is taken more rapidly than any mid size or large size corporation. Many investors sees 20% gain as very interesting. So, it was recently at 0,34$ + 20% means around 0,37$ and this is exactly what is happening. BUT those who bought at 0,37$ are now looking at 0,41$ to sell. This explain why penny stock are most of the time trading small steps at the time. (except in the case of major news). I still expect 0,37 to 0,38 for today and another step forward before tuesday.
PXLW is now hard to predict. But based on wave principle, it is due for another ride up today but maybe a bit less convicting. Going up to 4,25 would not be too surprising and then it will make a move on the correction side (in this case expect 3,25 to 3,50 )before moving up again. If it goes over 4,35$, than expect another great day to end up 4,60$. There are no bad news hitting this stock and fundamentals are really good. This is a winner that i would stick with for a long time but still playing it carefully by taking some profit and buying on tip.
Nothing major regardint the other sotcks already discussed but be extremely carefull. If there are some profit to be taken, go ahead because when market do not over react to good news as this week (there were many good news) it may sounds like something is brewing for end of day today or beginning of next week. It will not be crash like but still expect a 7-10% correction. If you have taken your profits, stay on the side line for a moment and get rady to scoop some real cheap stock soon. Remeber when market goes to correction mode, intra day figures will be worst than the 7-10% correction before market reacts. I personnally think it could hit 15% probably the second day (panic selling) of the correction and then will rebound from the bottom. After 1-2 days, then the market will be ready on solid bases to depart for another superb end of month.
Enjoy the show, and get ready for 2 new sotcks this week-end.
DAN Is still acting as mentionned. Today an upswing is forecasted and will probably touch the 6$ barrier. This is where it will become either a major gainer or ready for a severe correction. Check for big lots to be sold today. If it does not happen and gets over 5,97$ on good volume over 2M shares then his technical analysis will change from a head and shoulder figure to what I call a John Travolta one (remember Satuday Night Fever with hand pointing to the sky) and will shout for 8$ to 8,50$ before any major correction.
NRI is getting pressured from profit maker. Remember that in the case of a micro corp (penny stock) profit is taken more rapidly than any mid size or large size corporation. Many investors sees 20% gain as very interesting. So, it was recently at 0,34$ + 20% means around 0,37$ and this is exactly what is happening. BUT those who bought at 0,37$ are now looking at 0,41$ to sell. This explain why penny stock are most of the time trading small steps at the time. (except in the case of major news). I still expect 0,37 to 0,38 for today and another step forward before tuesday.
PXLW is now hard to predict. But based on wave principle, it is due for another ride up today but maybe a bit less convicting. Going up to 4,25 would not be too surprising and then it will make a move on the correction side (in this case expect 3,25 to 3,50 )before moving up again. If it goes over 4,35$, than expect another great day to end up 4,60$. There are no bad news hitting this stock and fundamentals are really good. This is a winner that i would stick with for a long time but still playing it carefully by taking some profit and buying on tip.
Nothing major regardint the other sotcks already discussed but be extremely carefull. If there are some profit to be taken, go ahead because when market do not over react to good news as this week (there were many good news) it may sounds like something is brewing for end of day today or beginning of next week. It will not be crash like but still expect a 7-10% correction. If you have taken your profits, stay on the side line for a moment and get rady to scoop some real cheap stock soon. Remeber when market goes to correction mode, intra day figures will be worst than the 7-10% correction before market reacts. I personnally think it could hit 15% probably the second day (panic selling) of the correction and then will rebound from the bottom. After 1-2 days, then the market will be ready on solid bases to depart for another superb end of month.
Enjoy the show, and get ready for 2 new sotcks this week-end.
jeudi 10 septembre 2009
ALERT: TIME TO INCREASE CASH POSITION
Another day where market does not follow a clear direction.
So: It is time to increase position. Be carefull not to sell position where direction has nothing to do with overall market like NRI and LVS. (for now)
On all other, could be the right time to cut position exposure up to 50% in you are in a real great profit position. DO NOT SELL 50% at the time but in increment just in case the market wait a bit longer before correcting itself. How about buying some beta share on the bear side ???
We all now it is coming, companies know it to based upon the number of secondary stock issues these days. They are doing it before market correct itself.
So be carefull, be logic and be patient. There is no correction like we seen in the past (that was a crash...) but a minor one in the range of 8-10% now as market has climbed again this week therefore an higher correction will happen. If cash position is correct, you will have a terrific fall and winter...
Have a good day
So: It is time to increase position. Be carefull not to sell position where direction has nothing to do with overall market like NRI and LVS. (for now)
On all other, could be the right time to cut position exposure up to 50% in you are in a real great profit position. DO NOT SELL 50% at the time but in increment just in case the market wait a bit longer before correcting itself. How about buying some beta share on the bear side ???
We all now it is coming, companies know it to based upon the number of secondary stock issues these days. They are doing it before market correct itself.
So be carefull, be logic and be patient. There is no correction like we seen in the past (that was a crash...) but a minor one in the range of 8-10% now as market has climbed again this week therefore an higher correction will happen. If cash position is correct, you will have a terrific fall and winter...
Have a good day
mercredi 9 septembre 2009
ALERTE LVS
Well, i was wrong by 1 day.... Needless to say, this is not over yet for this stock. When the IPO is announce expect another great upside run until new results come in. At that time, who knows what will happen but based upon talks on stabilization, revenues climbing in Las Vegas and particularly in Macau (new record again last month) LVS will climb back a lot and a mean a lot. Expect close to 75$ by the end of the year (Merry Christmas...)
DAN: is acting as mentionned previously. Be very carefull if it goes under 4,75$. Next support is 4.30$ and then 3$. If you have not taken your profit now is the time. On the opposite side, 5,97$ will be a buy signal.
NRI is continuing his walk toward the 0,75 $ before approval and then watch for a flow of good news. This could have this stock sky rocket to unprecedent levels. Just be carefull and try to offset your cost the day before approbal.
PXLW is still gaining momentum at unbelievable pace. Watch for resistance at 3,65$ but i do not think it will be a problem. Next resistance will be 5,50$ then 7,00$. Expect to take some profit at about 6,25$
FITB is due for a move. It is trading sideways for too long. Time to put your stop losses at about 9,00$ just in case.
Have a great evening and get ready for tomorrow. It could be a fun day as markets are trying to find a direction and as of now, too early to tell.
DAN: is acting as mentionned previously. Be very carefull if it goes under 4,75$. Next support is 4.30$ and then 3$. If you have not taken your profit now is the time. On the opposite side, 5,97$ will be a buy signal.
NRI is continuing his walk toward the 0,75 $ before approval and then watch for a flow of good news. This could have this stock sky rocket to unprecedent levels. Just be carefull and try to offset your cost the day before approbal.
PXLW is still gaining momentum at unbelievable pace. Watch for resistance at 3,65$ but i do not think it will be a problem. Next resistance will be 5,50$ then 7,00$. Expect to take some profit at about 6,25$
FITB is due for a move. It is trading sideways for too long. Time to put your stop losses at about 9,00$ just in case.
Have a great evening and get ready for tomorrow. It could be a fun day as markets are trying to find a direction and as of now, too early to tell.
mardi 8 septembre 2009
LVS PXLW DAN NRI
That was a good day to take some more profit on DAN and PXLW. DAN still worries me more looking at technical pattern.
NRI still performing well in regard of nov 4th announcement. Still a hold and a buy at 0,395
With the dip under 16$, that was a good opportunity to increase position on LVS as i expect the Honk Kong IPO and stock listing to be announced really soon. My guess is before sept 20th.
Working on 2 more interesting companies to be announce next week-end. Stay tune...
Good evening everybody.
NRI still performing well in regard of nov 4th announcement. Still a hold and a buy at 0,395
With the dip under 16$, that was a good opportunity to increase position on LVS as i expect the Honk Kong IPO and stock listing to be announced really soon. My guess is before sept 20th.
Working on 2 more interesting companies to be announce next week-end. Stay tune...
Good evening everybody.
ALERT LVS
If you had in mind to sell some at the opening to pocket some profits, wait a bit longer.
Expect a high near 17$ today.
New upgrade from JP Morgan will rock this one.
Expect a high near 17$ today.
New upgrade from JP Morgan will rock this one.
lundi 7 septembre 2009
Is a correction coming ???
I hope so...............
This would allow me to buy great stock at cheap price because of an oversold position.
Now, read between the lines: There will be one but eh nothing to do with last year crash.
A correction is only a profit taking situation and the more afraid investors are, bigger the profit will be.
For example if LVS goes to 16$ on tuesday morning you sell 1000 share then you are lucky enough to see market plunge and LVS is retreating to 14$. What would be your first reaction: sell whatever you have left or buy them back at 14$ ?
To help you decide, what was your reaction when LVS crossed the 14$ mark ? WOW maybe...
So what has changed ? The value, the market or was it only over sold???
In the previous example if you decide to buy them back at 14$, you coudl buy back 1140 shares and pocket a whoppy 20% gain (when it goes back to 16$) just for being there at the right time.
You think that does not happen regularly: Think twice as most stock will have a 10% swing in one day. For example DAN and PXLW will go as high a 25 % intraday swings.
Even if i would not recommend to play it this way all the time, take great opportunity to cash in great profit and do not be scare to get back in the same stock unless fundamentals change dramatically.
As for the forecasted correction: Please we need one but do not expect more than 4-6%
By the way, why do you think experts are forecasting that scenario of a major correction: fear will generate profit (see red line at the beginning). Be ony carefull as if we were in bear market situation experts would tell you the exact opposite to get you back in market than profit from you.
So, what do you think will happen in september ?
For he records: DOW will end up the month with a +7% and up (Over 10,000) adn SP500 will follow.
''Whenever there is fear get greedy, whenever there is greed, get feared''
This would allow me to buy great stock at cheap price because of an oversold position.
Now, read between the lines: There will be one but eh nothing to do with last year crash.
A correction is only a profit taking situation and the more afraid investors are, bigger the profit will be.
For example if LVS goes to 16$ on tuesday morning you sell 1000 share then you are lucky enough to see market plunge and LVS is retreating to 14$. What would be your first reaction: sell whatever you have left or buy them back at 14$ ?
To help you decide, what was your reaction when LVS crossed the 14$ mark ? WOW maybe...
So what has changed ? The value, the market or was it only over sold???
In the previous example if you decide to buy them back at 14$, you coudl buy back 1140 shares and pocket a whoppy 20% gain (when it goes back to 16$) just for being there at the right time.
You think that does not happen regularly: Think twice as most stock will have a 10% swing in one day. For example DAN and PXLW will go as high a 25 % intraday swings.
Even if i would not recommend to play it this way all the time, take great opportunity to cash in great profit and do not be scare to get back in the same stock unless fundamentals change dramatically.
As for the forecasted correction: Please we need one but do not expect more than 4-6%
By the way, why do you think experts are forecasting that scenario of a major correction: fear will generate profit (see red line at the beginning). Be ony carefull as if we were in bear market situation experts would tell you the exact opposite to get you back in market than profit from you.
So, what do you think will happen in september ?
For he records: DOW will end up the month with a +7% and up (Over 10,000) adn SP500 will follow.
''Whenever there is fear get greedy, whenever there is greed, get feared''
jeudi 3 septembre 2009
Stock in play for sept 03 2009
Today a rebound is expected and the following are my picks for this week.
LVS Expect another climb. With new IPO coming and new revenus increase from Macau area, this is a long term winner. If you are not nervous, this one will go back to 50-70$ within a year.
DAN: Very bad drop and some profit should have been taken when it reached almost 6$ last week. Expect some turbulence now that cash for clunker is gone.
PXLW: This one is my favorite pick. Not too many shares, good products and even with sharp drop in customer orders, profit was up last quarter. Expect a great return on your investment.
FITB: This could very well be the next Wells Fargo. Will still be rocky until end of the year, but good time for accumulation.
BPOP: Fun play for USA banks. DO not invest a lot but good value unless housing and commercial slump in US continue. (new pick)
RF: Good time for accumulation. Based on hedge fund manager Paulson who bought 35 millions shares recently. By the way, Paulson was almost the first one to warn last year what will happen in market.
ETFC: If market regain life why not go with an electronic broker. Actually real cheap and could rally rapidly. (new pick)
OCNF: How about ship freight. Again little at a time but could be interesting long term. (new pick)
NRI: This one is my favorite. Expecting FDA approval on nov 4th of this year and a lot of new drugs to be tested in their inventory. This baby will rock if FDA give their unconditionnal approval. Best play: sell 1/3 the day before approval to recoop your investment. Then whatever is free, let it go.
So far this year (since june 2009) results are:
LVS +450% gain
NRI +212% gain
DAN +360% gain
PXLW + 225% gain
FITB +115% gain
RF +80% gain
Have a good week and watch for any stock alert.
LVS Expect another climb. With new IPO coming and new revenus increase from Macau area, this is a long term winner. If you are not nervous, this one will go back to 50-70$ within a year.
DAN: Very bad drop and some profit should have been taken when it reached almost 6$ last week. Expect some turbulence now that cash for clunker is gone.
PXLW: This one is my favorite pick. Not too many shares, good products and even with sharp drop in customer orders, profit was up last quarter. Expect a great return on your investment.
FITB: This could very well be the next Wells Fargo. Will still be rocky until end of the year, but good time for accumulation.
BPOP: Fun play for USA banks. DO not invest a lot but good value unless housing and commercial slump in US continue. (new pick)
RF: Good time for accumulation. Based on hedge fund manager Paulson who bought 35 millions shares recently. By the way, Paulson was almost the first one to warn last year what will happen in market.
ETFC: If market regain life why not go with an electronic broker. Actually real cheap and could rally rapidly. (new pick)
OCNF: How about ship freight. Again little at a time but could be interesting long term. (new pick)
NRI: This one is my favorite. Expecting FDA approval on nov 4th of this year and a lot of new drugs to be tested in their inventory. This baby will rock if FDA give their unconditionnal approval. Best play: sell 1/3 the day before approval to recoop your investment. Then whatever is free, let it go.
So far this year (since june 2009) results are:
LVS +450% gain
NRI +212% gain
DAN +360% gain
PXLW + 225% gain
FITB +115% gain
RF +80% gain
Have a good week and watch for any stock alert.
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