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