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.

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...

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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.

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...

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.

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

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.

ALERTE DAN

New buy signal. Time to get back in...

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 !

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.

ALERT LVS

Major increase this morning. Watch for 17,38$

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.

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

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.

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.

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.

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''

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.