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dimanche 29 août 2010

The Week ahead

Coming week should not be viewed as a source of great surprises but TVI news release on tuesday or wednesday will be watched a lot. DO NOT EXPECT a lot more than the 50,000 gold ounces as it was a defining drill program because everybody knows the gold is there. Now with that in hand, next steps will detail a lot more what is to come. Remember that they will start a small bootstrap mining that will be increased by itself based upon profit generated. With gold price standing as it is now and cost most probably under 400$ to produce, it does mean over 800$ per ounce of gold as possible profit. PURE extra.

PXLW has taken a beating recently but interestingly many insiders bough more shares. Does that mean they know something we do not know or do they want us to believe something is coming? With the size of this corporation and the style of their products, i think something is coming. Sales based upon their new technology could be higher than tought. Also keep in mind they were profitable only once in 2004. So imagine what a profit could do to their shares.

YRCW: hummm   this one is a pure speculative play but it is worthy. No they are not yet out of the woods and they still have a lot to prove before returning to their real value. As it stands now their value is at about 0,70 to 0,90 with a full value around 1,70$ Q3 should bring in more clues as to where they are going and if their forecast is to be achieved it could well run over the 0,60 rapidly. I do expect an update on the business sometimes in the next 2weeks. Their forecast is EBITDA over Q2 and that would be great. Do not forget to take some profits over 0,45

LVS is still on the run (have you taken some profit recently?) and should be trying again gettin gover some resistance at 31$. Anybody rememebr when i first talked about them early spring last year (at about 3$).
It has been a great runner and the best is yet to come. Still expect this one to close over 40$ this year. MPEL will follow also the same trend and maybe in a greater gain %.

How about american banks? BPOP, WFC and many other are still facing great challenge and it is still the time to accumulate.

DAN: this baby is ready to explode at their first positive quarter (earning wyse). Now see Q3 and Q4 in great shape and expect DAN to gain another 50% before release of Q4 2010.

OCNF is still getting hammered by the lack of economy luster and the fact that ships are rented in advance. But this will stay like it is now. Another great one to accumulate.

Talking about buying on dips: CMFO is antoher very good example. They are in the right direction and this could be easily a 300% stock within a year. I do expect great results form them as they have a great market to expand : China...

For the other one ETFC, GW etc, nothing too exciting at this time in my crystal ball (...) but still good investment overall.

Happy trading all

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