What i will be checking up this week

This should be a quiet week (on the trading volume) but i will continue to monitor the following stocks:

1) MEG (tsx): will it continue to rise toward the 200 days moving average and get back over the 6$

2) YRI (tsx or  AUY  US market): greatly oversold and ready to pop up. 3,50$ is the next target

3) GPR (tsx or GPL US market): This is a very surprising one. It should already had passed the 1,75$ mark (canadian market) and still hovering around in a range bound.

4) F: should be starting it's recovery soon

5) GOOGL: don't count this one out for a good % return. Was smacked down for almost nothing now expect a rebound.

6) HOV: near its bottom and almost ready to climb back toward 2,75$

7) RAD: what a surprise but with volume so low, nowhere to go but down. I expect some large players to take notice of its price and get back in.

Have fun this week

YRi (AUY )

Keep an eye on this one.

This is an explosive stock that could procure a very nice return on a relatively short period of time.

All my indicators are showing way too oversold and it is ready to change direction as of now.

Target price of 4,75$ can$ (YRI)

RAD update

Oh boy was i wrong on this one........

Since it touched 2,77$, it has been a long and never ending descent even if a change in direction was indicated at about 2,40$

False signal......

Now RAD needs volume to get back on track until then, i still believe it is valued a lot more than the actual price but caution must be exercised here.

Another good example to always take some profit off the table when it hits a desired level (2,75$ in that case)

Lets see  how it plays out today.

MEG (Canada) C H E E R S !

Excellent results for the quarter and excellent stock price appreciation for this week.

Grab some profit but look at details for the quarter. It could very well be a highly profitable company.

Look at cost per barrel of oil. Very Very LOW....

That is performance.

FORD (F) as a follow up

Their revenues and profit are up.

So will the stock follow? Yes

I think that at this range it is a great time to get in a little. Just be careful as the DOW did had a great run recently and could correct a bit.

MEG energy.......Good call !!!

Now that it has happen, what to do ?

I still expect some range bound numbers for the next week so maybe take some profit off the table and be ready if it slip a bit.

My expectations are that oil will be in the 54-57$ range for the coming months and MEG will follow with a 5,50$ to 6$ but in any case, pocket some profit.

MEG energy (Canada) is on a nice rebound

MEG is now over PSAR and over 20 days moving average eating up the spread with 50 days moving average.

IF oil was to stabilize a bit over 50$, expect a run up toward the 6,27$ 200 days moving average.

Good chunk of profit to be made here if OIL continues to stay around 50$ but expect resistance at 4,45$ (can $)

RAD Another good one

EnvisionRx, 
      a pharmacy benefit manager (PBM) and division of EnvisionRxOptions, a 
      wholly owned subsidiary of Rite 
      Aid Corporation, today announced that it has achieved renewal 
      of the Pharmacy 
      Benefit Management accreditation by URAC. EnvisionRx is one of only 
      27 PBMs to receive this accreditation, which Envision has held since 
      2006. This demonstrates a continuous, comprehensive commitment to 
      quality care, improved processes, transparency and better patient 
      outcomes.

SOURCE: EnvisionRx

EnvisionRxOptions Media contact: 
Bobby Creek, 813-690-8503 
bcreek@envisionrx.com

Copyright Business Wire 2017

Churn is almost done for today. Expect a run up

LVS MLCO (Las vegas and and Melco Resort)

With all that is happening right now in China and North Korea, it could really well affect results in Hong Kong.

So i am out at this time of these 2 corps until something more positive happen.

Be very very careful here

FORD........keep an eye on it

It has corrected a bit yesterday moving under 20 and 50 days moving average but expect a comeback.

I still see Ford as a 12-13$ stock before year end with a lot more volatility.

Tesla is coming into the US big 3 to maybe become the big 4th but it is not done yet as they still have to show that their latest model is a great one.

Do not underestimate FORD......never

GOOGL Alphabet....don't get it wrong

Ok, cost for coming ads will be higher and profit less for Alphabet. So what?????

It dropped about 35$ in late trading yesterday. That is a 3,5% drop as if Ford would drop 40 cents.....

REMEMBER this is a 1000$ dollar stock and any 3-4% move looks huge but it is not.

There were no dumping yesterday and i do not expect more today.

This is a great opportunity to get back in before new products hit the market later this year.

I expect a new Pixel phone sometime early September and based upon their success, that will rock for Google (again).

So do not see the recent small drop as a negative indicator.....it is not.

RAD get ready

Rumors are circulating more and more this week regarding Rite Aid and this could affect trading on RAD in a positive way.

I expect another good run toward 2,85$ and more rapidly if it goes over 2,63$ (20 days moving average)

Have a look at PSAR........very very close.

Get ready for a nice bump.

RAD Watch out for tomorrow

Ok, as i mentioned today with only 40 minutes left, RAD reversed trend to end up in gain.

Now what is really interesting is the fact that only after 45 minutes in the after hours trades, more than 1,1M shares have already traded and RAD is still holding gains and now at 2,50$

What does this mean?

There are some street rumors about Amazon getting into it and even if i do not think it could really be in the plans for now, i expect more volume today (after hours) and a nice run up tomorrow unless something else negatively impact it.

Stay tuned!

ALERT RAD new bottom formed

SImply to point out that on a low volume day normally stock does retreat but it could be the opposite for RAD today.

If it was to close above 2,48$ that could mean the next run up has started.

40 minutes to go and looking interesting and actually at 2,44$.

ALERT AUY (Yamana Gold) YRI (tsx)

AUY (YRI in Canada) has been smashed down today after it hit above his 20 days moving average on friday and now is under his 20 days moving average.

If it can close above  3.17 today (Canadian $) expect a good rebound before quarter results are released on thursday.

If not expect the drop to continue until then.

As far as i am concerned it is oversold and ready for rebound as the latest move is not gold price related but traders related.

But be careful as those movements could be violent!

HOV is almost back

After being really oversold for the past 2 weeks, i expect the down movement to stop near the actual.

2,35$ to 2,40$ is a good entry point and at this time seems to be the bottom.

They have refinanced their long term debt and i suspect profit will be there on the next earning report that should be reported around september 5th or 6th.

Expect another run toward 2,85$

RAD On the verge of a nice movement

Based upon last days of trading, RAD is getting close to a direction shift. I still expect another boost toward 3$.

My last call at 2,75$ did materialised last week and after a good run, some profit taking and churn, today could be the last day of side trading.

ALERT MEG (TSX Canada) Trader opportunity

Trading activity on MEG indicates a high possibility of reaching close to 4.75 - 4.95$ rapidly.

Upward movement has been very rapid on high volume.

Oil is stabilizing and i would not be surprise to see the actual rise continue next week.

Get ready for some rapid profit.

ALERT EPO (Canada Venture) UPDATE

Volume for today has been abnormal for a day without a gain or a loss.

Only 7 times since 04-2016 did EPO had volume over 3M shares and each time a nice upward movement was seen .

Looking at the past and without a gain, i am questioning that strange trading when most of the trading is realised by Anonymous (well above 2M shares today and net position of 1,4M).

Couple of possibilities:

1) A reverse split is in the cards and coming in the next couple of days. Those in the know (or thinking about that possibility )  would be selling shares to grab them back at lower price (after the reverse split) as most of the time shares do fell apart. For example look at WRX (TSX Canada).

2) A PP is coming with some flow throught shares attached with it where investors get some credits for buying those shares.

3) A gypsy swap is getting into effect. Also called gypsy trade, an owner of shares transfer his shares to the future owner of shares from another PP. This way the new buyer is not in the obligation to wait a certain period of time before selling his shares and the original share owner receive the shares that has the waiting period.

4) Trader trick trying to get the market respond by increasing the value of the shares to dump them later on.

5) Shareholder(s) are leaving the boat but try not to get shares under a certain level

6) There is kind of financing coming at a pre established share price. Even if considered illegal as being price manipulation, there is at least another occasion where this occurred in the last years. (i will not name the company for obvious reasons but it did happen)

So there are many many possibilities and no one know for sure. Personally, with the kind of trading i saw today, i think the number 6 is by far the most probable cause of the action we are seeing the last of days and the set price is at 5 cents (or 50 cents after reverse split) and could explain why in a day like today a 164K bloc appeared at 3:22 pm when only 4k shares were left to grab.....

The last days action is interesting and tomorrow being Friday, i am expecting another day with nice volume and little movement then on Monday expect something.

Have fun

RAD trading opportunity

With the recent move up to 2,77$ (as expected) there has been a lot of profit taking for traders.

Price should stabilize around 2,48$ to 2,50$ and does represents a good trading opportunity for the next run up to about the same level.

Expect a good technical rebound from here.

ALERT EPO. TC (TSX Canada)

Based upon last couple of days trading, i am under the impression that something is brewing and we could expect some kind of run up for that company.

It could be either some news about financing or trading company , but i expect something before week end.

Naturally i could be totally wrong, but most of the time when you see the trading pattern we now have on EPO, it is followed by some kind of news.

To confirm that, volume has be at about the same volume tomorrow, with a small gain.

Let's see how that unfold.

Be careful this is a Canadian Venture company.

GPL (Great Panther) is back

Say hello again to Great Panther (GPL) mining corp in Mexico and now Peru.

After many weeks of decline and churn, it has now gone over the 20 and 50 days moving average.

GPL results are good enough to send it back toward the 1,60$

Great company and great management without debt. No need to say more.

I am back in!

Rite Aid (RAD) One last point

One last point not to forget about RAD: the impact of the Obamacare repeal.

I do believe it will impact positively the net profit of Rite Aid as they may not be forced to cut on margins to help américains.

Sad, it is but unfortunately true.

RAD: True value starting to emerge

The real value of Rite Aid after last proposed deal is starting to emerge and after all this could be a very good deal even if Rite Aid will now become a regional player with far less stores than before.

In any case, who care the number of stores as long as profit is there.

The release of pro forma numbers did create an immediate impact as it would rather seems that many players on RAD were under the impression that RAD got rid of the best stores only to keep the non performing one.

Have fun and go read on Edgar the forms posted yesterday. It is quit interesting. 

EPO (Canadian Venture Market) Is this story real or a hoax ???

If you have some coins left over from other nice profits realized elsewhere, here is a story that could be interesting.

REMEMBER: This is a Canadian Venture company. I have seen many occasions where investors loss everything dime of their investment as it is an exchange for start up companies and many of them will close well before seeing a dime in profit.

EPO is a development company trying to build a potash mine in Canada in partnership with first nations.

Now, if the story is true, it could be ready to explode at levels never seen for a potash company especially in Canada.

Here it is.

They say they have signed an agreement for a 20 years potash supply to India. (we never saw the actual contract nor any part of it and we have to rely on management about facts in regard of the contract)

They say they now have a company that will find and supply India with potash until such a time that EPO mine is build and ready to ship

They say they have the rights to build

They say the have the resources.

BUT

Since then shares have been crushed and are hovering 5.5 canadian cents.........

So what is wrong?

POSSIBILITIES:

No investors have seen the smallest part in regard of those mentioned points.

No investors have the sentiments it could be true.

Management is not trusted to be able to deliver

IF that story was to be true, there are very interesting profit to be made here.

Now, read and do your DD and if you believe the story, get in NOW and be ready for a fantastic profit ride.

DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE.

IMPORTANT: There is a Canadian rule avoiding any private placement under 5 cents a shares. So expect a great run up to finance OR a reverse split.

Rite Aid: Have we reached the bottom?

Based upon last couple of days trading, YES we have reach the bottom.

Even if i mentioned recently that i was expecting a 2,75$ in a couple of days, i am still of the same opinion unless naturally something happen that we are not aware at this time.

So it could well be the time to get back in with a nice profit % looming rapidly.

RAD: get ready

Based upon trading pattern for RAD, get ready for a shift in direction with a good increase in price.

My target for the next 2-3 days is 2,75$

OIL: Is it manipulated ?

Based upon reaction to today great news, i will have to admit it is and a lot.

Texas Oil went form a 1,20$ gain to a 20 cents gain in about 15 minutes......

Sure looks like traders are in control of it and would tend to think the same for gold.

Now, how to beat them?

I will continue to do some bottom fishing on companies like MEG-TO and SU-TO as even if they are not highly profitable at those oil price level, it is my opinion that this could not go forever.

As far as i am concerned, MEG for example has hit an all time low and seems like a bargain at this price.

Will it go lower ? Could be but i think the bottom as been reached and some nice buying could be on it's way.

Do your own DD

RAD: What's the real value

Well, it is simple math:

THE VALUE OF RITE AID IS THE VALUE SOMEBODY WANTS TO PAY FOR IT""""""

Interestingly, the original deal was 9$ a share and this also included debt vor a REAL deal value of about 14$ a share.

I personally think RAD is now well over sold and hard to believe that the real value of RAD is at 2,36$

When the deal close (and this one will) it would mean that 3/4 of the debt will be erased and still RAD will hold 50% of the stores that were there when the original deal was announced.

So what is the real value of RAD: 9$ a share including debt and in now way (personal opinion) the actual trading value.

Do your own DD naturally but expect a good rebound from here on any news.