Tesla: is the party over???

What a strange move from Tesla. It bought what????? SOLAR ????

When you invest in a car company you expect that company to design build and sell cars.

Not exactly what's behind it latest move.

Could i say that investors will not agree and get out?

Based upon early trading this is exactly what is happening and i am not surprised.

So for the moment being stay out of there. Party is over.

Be careful

With Britain vote coming up rapidly expect highly volatile market.

Expect major ups and down in regard of oil and gold.

Get ready for any occasion as during the following days, cash will be king to grab any short term opportunities.

No matter what, i would not be fully investing come the vote results. I still expect markets to react negatively either side of the vote but naturally downsize will be larger if YES win than the opposite.

Have fun

What to expect next week

Well, BREXIT will definitely be the one thing everybody will talk about.

Will Britain leave or not??? That is the question.

Now, based upon that nightmare, Gold will definitely be a momentum play early this week but even if actual scores would lead you to think Britain will exit, my guess is that this will not happen.

IF that does not happen, gold will get back to actual value and even a bit lower and stocks will NOT get a lot higher. Stocks have already taken into account the possibility and it could be more of a buy the rumor and then sell the news.

IF that does happen, stock will decline massively for 1 or 2 days then will recover.

So my play is early Monday buy gold and play on uncertainty only to sell either at 10% gain in a couple of days or late Wednesday.

I will also make sure i have plenty of cash ready just in case this vote is a yes and then take the opportunity to do some bottom fishing on stocks like DAN, LVS and MPEL (highly volatile in those circonstances)

So get ready for a week full of interesting happenings.

Have fun

Will Suncor continue to shop around for great deals?

It would seems so based upon their latest announcement in regard of a 2,9B$ shares bought deal.

By the way it is close to the biggest bought deal in Canada if not the biggest.

What does that mean?

Well that mean any corporation making profit in Canada oil sands sector valued at about that price could become a target to a hostile take over.

My guess: MEG energy   (MEG.TO)

Profitable with a surprise quarter and valued at about 2B$.

Also very interesting is their production price per barrel.

Have fun and have a look into their last quarter release. It could be worthy......

HOV Have we seen the bottom

I think so.

1,65$ to 1,69$ range seems appropriate at this time.

HOV has made promises that it will have now to deliver in regard of earnings. It should generate enough to cover this year to date losses and if accurate i can expect a 2,25$ to 2,45 range during the 3rd quarter.

The question now is: will it deliver?

HOV not really good last quarter But is this that bad?

Well, nice way to miss a prediction.... Instead of a large profit HOV posted a small loss and stock plunged like a rock.

It did however recoup some of the losses today and tomorrow will indicate the real trust investors have toward HOV.

Expect another roller coaster day but there is light based upon their overall results that were in fact not bad at all.