Good evening,
Time for some update on my preferred stocks.
ETFC (NASDAQ) is again on the verge of take over. With so many call options exercised today, i would expect an offer within the next 45 days from TD ameritrade. BUT do not count JP morgan out in the field. I would not be surprised to see some kind of fight between those 2 companies to take control over ETFC. ADVISE : HOLD till news are out
DAN(NYSE): Still getting great resistance but o think the worst is over. I still expect a major gain within end of year and 8$ by the end of this month. ADVISE BUY
OCNF (NYSE): Finally it is marching back toward the 2$ mark. Expect some bumps along the road but this company will get back on profitability and at the same time expect a great return. ADVISE : BUY
LVS(NSYE) Lot thougher than expected. Seems that 18$ resistance will not go away easily. Still maintain a 25$ objective for the end of november and a buy rating. May re-evaluate the 35$ end of december.
BPOP(NASDAQ): Ver stable and investors are awaiting probably the next quarter report before getting in. ADVISE HOLD
NRI(TSE): May seems totally wrong but it is not unusual to find companies like that going down on good news. Remember that some times you buy on rumous and sell on the news. On long term it is absolutely a great buy. Patience will be required and now is the good time to accumulate.
TVI(TSX) No other word than WOW. It did exactly as forecasted and it's not over yet even if i think we may see some negative trends for a couple of days. Rememeber a penny stock is a paradise for day traders and looking at activity today some are getting in as large blocks were bought then went into the ask price right after. This is normal. Great time to accumulate and at the next shipment notice from TVI expect another very good rise in the stock.
PXLW (NASDAQ) As mentionned previously, it was oversold and we can feel it since a couple of days. After retreating to almost 1,99$ it is climbing back to where it should be near 4$. It is rated a good buy.
UUU(TSX) is still awaiting news from Japan on their 20% production sell to the Japaneese community. When that happen get ready for a huge stock rally. GOod time to accumulate.
PRP(TSX) Well i am out. They fail to deliver and their book orders are getting smaller. Expect a decline to the 0,10 and then it could be a buy but at the moment it is a SELL
FIU (TSX) Again another deceptive stock. I am out and it is a sell
OPC(TSX) It is still a speculative play in case of take over by China. Other than that no more interest. Rating HOLD
One new member on board is Ford (F: NYSE). They have in my opinion the best results this year and could be back into the 15$ within 3 months. Rated BUY
That's it for tonight. REMEMBER: DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE.
The opinions expressed are not from a professional trader but my opinion as a frequent trader
Have a great evening
François
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