So my thinking is if NOK continues to rally then a logical point to consider taking profits is at the end of this month. In September there will be a slate of new phones coming out from Samsung, Apple, and with the whole Windows Phone 8 launch. Nokia is planning on launching some new phones around Sept 5th. I think this will be a major catalyst for the stock, even if it doesn't really help them much. As you guys know with the market perception is reality.
While I think the bottom is in for Nokia, I think the next few months could be quite volatile. I wouldn't be surprised to see a rally of 100% off the bottom to $3.5 or even to $4 to fill a gap, and then a move back down to $2. So if we rally to the end of this month with only minor pullbacks I will definitely be selling.
Man LCC is engineering quite the turnaround. I think with the additional fees like baggage fees and oversized luggage fees and charging for everything under the sun on the flight, the airline industry might have finally turned the corner. Obviously it's a deeply cyclical industry and impacted by volatile oil prices, but check out the turnaround in the balance sheet of LCC. They had Negative $360 Million in Net Equity as of 12/31/09. As of last quarter they had +$511 Million in Equity. Their current ratio has improved from 0.84 to 1.03 during that time. Last quarter they did $1.61 EPS and projections are for $3.10 for the year, versus a stock price only 3.5 times that.
The downside is the technicals don't look perfect yet. But that could change quickly. I'm thinking a test of the 200 DMA would be a good spot to go long but that is another $2 lower and after a 25% drop I'm not sure if that's in the cards.
4:56 AM As it looks for further sources of monetization, Facebook (FB) is entering the world of online gambling with the launch today of a Bingo Friendzy app in the U.K. in conjunction with Gamesys, with punters being allowed to play the game for cash prizes. The social network intends to add slot-machine games over the next few weeks.
If/When this gets approved for the US then I think we really see FB rock.
It is time to look positively on U.S. Life insurance. o The sub-industry broke above a steep underperforming trend on Friday - Figure 1. o All of the heavyweights in the sector are reversing underperforming trends against the market and/or the sector. Three of ten life insurance stocks are in outperforming trends - Figure 3. What makes the move impressive is that Life Insurance also reverses an underperforming trend against U.S. Financials, so an intrasector shift is going on - Figure 2. o Where is the money coming from? REITS - Figure 4. Ten, or one-sixth of U.S. REITS in outperforming trends, are breaking these trends.
Ah yes, makes sense... I noticed REITS have come off...
NLY is back to the bottom of it's channel today, could be time to load up. Not sure if something happened to the div though, haven't been keep close tabs on it.
NLS at $2.4 and I'm in. I'm traveling to Vegas today, though for the rest of the week. We're having a 60th bday party for my mother in law. Might put a stink bid in on NLS. $2.42.
Sold SYMC today - has had a 30% run since they fired CEO's and said they will look at alternatives - think it could come back down if nothing happens and that there are better opportunities elsewhere.
http://www.imdb.com/title/tt1821593/
ReplyDeletesolid reviews on IMDB
So my thinking is if NOK continues to rally then a logical point to consider taking profits is at the end of this month. In September there will be a slate of new phones coming out from Samsung, Apple, and with the whole Windows Phone 8 launch. Nokia is planning on launching some new phones around Sept 5th. I think this will be a major catalyst for the stock, even if it doesn't really help them much. As you guys know with the market perception is reality.
ReplyDeleteWhile I think the bottom is in for Nokia, I think the next few months could be quite volatile. I wouldn't be surprised to see a rally of 100% off the bottom to $3.5 or even to $4 to fill a gap, and then a move back down to $2. So if we rally to the end of this month with only minor pullbacks I will definitely be selling.
Man LCC is engineering quite the turnaround. I think with the additional fees like baggage fees and oversized luggage fees and charging for everything under the sun on the flight, the airline industry might have finally turned the corner. Obviously it's a deeply cyclical industry and impacted by volatile oil prices, but check out the turnaround in the balance sheet of LCC. They had Negative $360 Million in Net Equity as of 12/31/09. As of last quarter they had +$511 Million in Equity. Their current ratio has improved from 0.84 to 1.03 during that time. Last quarter they did $1.61 EPS and projections are for $3.10 for the year, versus a stock price only 3.5 times that.
ReplyDeleteThe downside is the technicals don't look perfect yet. But that could change quickly. I'm thinking a test of the 200 DMA would be a good spot to go long but that is another $2 lower and after a 25% drop I'm not sure if that's in the cards.
This is why I went long FB last week:
ReplyDelete4:56 AM As it looks for further sources of monetization, Facebook (FB) is entering the world of online gambling with the launch today of a Bingo Friendzy app in the U.K. in conjunction with Gamesys, with punters being allowed to play the game for cash prizes. The social network intends to add slot-machine games over the next few weeks.
If/When this gets approved for the US then I think we really see FB rock.
From a Quant Report I get - go Life Insurance!
ReplyDeleteIt is time to look positively on U.S. Life insurance.
o The sub-industry broke above a steep underperforming trend on Friday - Figure 1.
o All of the heavyweights in the sector are reversing underperforming trends against the market and/or the sector. Three of ten life insurance stocks are in outperforming trends - Figure 3.
What makes the move impressive is that Life Insurance also reverses an underperforming trend against U.S. Financials, so an intrasector shift is going on - Figure 2.
o Where is the money coming from? REITS - Figure 4.
Ten, or one-sixth of U.S. REITS in outperforming trends, are breaking these trends.
Ah yes, makes sense... I noticed REITS have come off...
DeleteNLY is back to the bottom of it's channel today, could be time to load up. Not sure if something happened to the div though, haven't been keep close tabs on it.
NSPH- Only new info is 25 units shipped in the Q as far as I can tell.
ReplyDeleteThat's old news...new news is guidance looks like they're happy with how things are selling post FDA clearance.
DeleteSale in aisle four: NLS.
Do you have time to listen to the call?
DeleteNLS- Yeah, I bet it get's much worse with the comments made.
HEK- One PT cut to 2.50. Oh mama...
ReplyDeletePoor HEK, WTF?
DeleteF - Placed a bid @ $28.18 - Looks like I get dragged along kicking and screaming.
ReplyDeleteFB?
DeleteOops, F @ $9.18
DeleteTBF - Placed an order @28.10 in case of dramatic market reversal.
ReplyDeleteHEK/NLS...In a death match to 2.50?
ReplyDeleteNLS at $2.4 and I'm in. I'm traveling to Vegas today, though for the rest of the week. We're having a 60th bday party for my mother in law. Might put a stink bid in on NLS. $2.42.
ReplyDeleteFriggin a..Nice!! I wish my in-laws had birthdays in Vegas!
DeleteWow, F is really cooking. I guess that intra day break of 9 was the trigger.
ReplyDeletePCP - Bidding @ $156.71
ReplyDeleteOpened NSPH @ 2.89...
ReplyDelete$SPX - I'm counting on a retest of 1394 today, hopefully support holds there.
ReplyDeleteF - I figure this one needs to retest the 20SMA support
ReplyDeleteCatch you cats later...
ReplyDeleteNANO - Kinda looks like $2.70 will be the low, confirming a nice channel setup.
ReplyDeleteBid in at $2.68 b/c it fits well with the $2.64 gap close, will add if the pps falls much below $2.64
Shakeout time, baby!
Not NANO, LOL, NSPH!
DeleteSold SYMC today - has had a 30% run since they fired CEO's and said they will look at alternatives - think it could come back down if nothing happens and that there are better opportunities elsewhere.
ReplyDeleteNice!!
DeleteFolks, have you seen the recent breakout in 10-year inflation expectations?
ReplyDeletehttp://www.bloomberg.com/quote/USGGBE10:IND
The recent rally in PMs might have a solid foundation...
PIPJX - Good catch, PIPJX seems to confirm this. Fell under $9 end of last month but now has recovered.
DeletePIPJX YTD return: 3.49%
CIM - Going to restate? Well, they're an REIT and pay out 90% of earnings, what's there to restate?
ReplyDeleteRBA(Australia) held rates steady, this indicates worry over Chinese economy has receded.
ReplyDeleteNSPH - Lowered my bid to $2.43
ReplyDeleteWorking in NSPH @ .63/.64.
ReplyDelete10,500 @ .635 avg. ish I guess.
DeleteF - Lowered my bid to $8.95
ReplyDeleteSWC - Reports BMO tomorrow
ReplyDeleteJOY - Looks like this one's getting a lift.
ReplyDeleteSWC - 12% in three days, hopefully that's a sign of confidence...
ReplyDelete