Seekingalpha> Shares of Sony (SNE) rip 7.5% higher in premarket action after its new Android smartphone closes out the week as the top-selling product for the fourth straight week. The company also got a boost from Daiwa Securities with an upgrade to Buy from Neutral.
ha. ok buy NOK then. I bought more NOK pre-market at $3.43. convertible bond issuance today and the stock is holding steady so far. today will be a key to see how it trades. i think it's a buy around $3.4. it's a low risk entry with prior resistance of $3.39 that should provide support now. wi like it because it's a low risk trade.
CP, you are right that when the central banks were selling gold in the 1990's someone else was buying it and it turned out those people were right and the central banks were wrong.
Now, central banks are buying and other people are selling. I wonder if the central banks will be right this time. The thing you have to think about is central banks are politicians, not traders. They get to keep their jobs if they do what the public wants, right or not. Traders get to keep their jobs if they make money.
PKX - My broker has an $100 PO on this one, not sure if that's likely to be revised downward due to the US industry production moving to Direct Reduction but PKX is one I wanted to buy under $100.
BIDU is right at potential double bottom lows. i'm looking to go long this again as I think it's a long term bull market for this stock. let's see if they can take out stops and drop it to around $84.
They're scaring the pee outta me, and I'm just an old plug. The gap up obligation is now addressed, probably a few orders waiting there, now we see how that works for 'em.
I had a feeling it would do this when it started its run. I honestly have never seen as mispriced of a stock as this one, assuming they can indeed return to profitability.
Yeah that's what I'm thinking too. $8.25 is the target now. The key in my mind that this thing was looking good was Tuesday's trading. For the past 6 months any time there was a jump the stock sold off immediately, typically within hours. But on Tuesday it held the gains. That was a tell.
SVU just recently has broke out of a flat base around 4.0. If anyone likes the space it is worth a look. Volume is picking up and it hasn't run to far yet. I am in around 4.05 with a stop below the just below flat base 3.80.
You don't get moves in more speculative travel stocks like OWW and TRIP without TZOO following suit soon. TZOO is the cheapest relative to sales/cash flow/earnings/traffic to it site. There is no way its not a buyout target in my opinion. And if it isn't then you have a major catalyst ahead of it in them rolling out their hotel booking platform this summer. That alone will get momentum in this stock.
that one came up on my screen recently (TA). i remember having issues with its fundamentals back when it was in the $3's if I remember so clearly i was wrong. it is has a lot of debt then it fits into the category that I think could be big winners going forward: i.e., highly leveraged companies that do really well when inflation is higher and the economy is picking up steam. BYD and YRCW are two that i have in that category.
I set up an account for my son's college fund and it cleared today. $4,300. I put it in YRCW at $7.5199 and $7.50 on this mini dip. Hopefully this turns out to be a good decision. Maybe YRCW goes to $70 by 2015 and he becomes the wealthiest 3 year old in the history of our family. i plan (hope?) on holding this for a while...
No doubt YRCW could move fast and management is doing some good things and the market seems to be getting it's story. Still kicking myself for not adding at $5.90, but easy to say in hindsight.
Anyway, nothing wrong with just taking a small position here and then hopefully adding at lower prices. If we do get a market correction, YRCW should also fall, but if not, you may not get a really good entry.
Furniture retailer FBN also starting to move, up over 25% in the last 2 days. The home furnishing sub-sector is outperforming now, probably on hopes for better housing. FBN is the leveraged play similar to YRCW with a bad balance sheet, but improving.
P/S = 0.06 as compared to 1.2 for a market leader like Ethan Allen (ETH).
Lots of work to do, but still a billion dollar retailer with a $70 million market cap.
BB - I was looking at FBN yesterday. Nice follow up move today. It's moves like these and OWW etc that make me want to put a little into TZA. This has to be toward the tail end of this move higher in the market if these junkier stocks are moving like this. i have some faith in YRCW but it's still a turnaround susceptible to big pullbacks if the market pulls back. having said that, though, the moves through old highs in the transports, dow, russell etc makes me think that there won't be much resistance in the S&P.
Even my smaller lifeco, NWLI, is rocking, up 17% in the 6 days. Met's also at a 52 week high, and it is a good overall environment for life insurers with rates rising, the market rising and the economy generally improving. NWLI announced good results, but not really different than most quarters the last 2 years, but all of a sudden it matters.
Yep, I was looking the chart over and it made real sense in terms of the pattern to add there once it broke under $6 and $5.80 held then $6.20 was the obvious next move. Famous shakeout just prior to the rip your head off rally, huh? Unfortunately I was asleep at the wheel....
Top 5 Holdings % NET Assets: Barrick Gold Corp ORD 3.63 Eldorado Gold Corp ORD 2.79 Gold Fields Ltd DR 2.5 Goldcorp Inc ORD 2.44 Newmont Mining Corp ORD 2.36
GLD is ready to break out to the highest level since March 1st and GDXJ has already surpassed its Feb 26 high -- why is SLV lagging way behind??? Ah, I know -- because I bought short-dated call options on it...
BB - I can't get myself bullish on homebuilders at these prices after their huge run. just can't do it. for example, i was trading SPF in the $2's and it's up like 4 fold from there. while it can go higher i would need a sharp pullback to be interested. it's probably the wrong way to look at it since HOV is still down a ton from old highs. if it clears $7.20 then it's got a helluva lot of upside potential. just look at how LNG, ADES, NLS etc did after they broke above those multi year resistance points. Huge upside after those points and that's after they were up big to get to those resistance points. share count on HOV has doubled since 2008 so keep that in mind when comparing to old highs...
Sold 1/4 of TZOO at $22.5. Just trying to raise a little cash. Sold NOK at $3.42 and took a small loss. Not sure why I didn't sell that one earlier. Oh well.
"Yep, I was looking the chart over and it made real sense in terms of the pattern to add there once it broke under $6 and $5.80 held then $6.20 was the obvious next move. Famous shakeout just prior to the rip your head off rally, huh? Unfortunately I was asleep at the wheel...."
kind of gross how that happens huh? i was muttering under my breath when it was ripping higher this morning something to the effect of "unbelievable they did it again..." and my wife overhead me and said "who's they?".
I'm pretty sure China is still the main driver of copper pricing. US housing helps, but last I read, China was consuming something in the area of 60% of global copper production.
One other price series which is showing a similar divergence now is the price of copper. Before 2007, copper was properly known as the metal with a PhD in economics because of its strong correlation to bond yields and GDP. Since 2007, however, copper has acted much more like a financial asset, with the fascinating property of making divergent top conditions versus the SP500 at interesting places. We are seeing just such a divergence now.
Personally, it was an OK week for trading. Two 15-minute forays into miners that netted a 4-figure gain. And unlike a trip to the casino, no outlays for food or gas.
The first time I got drunk? Playing a drinking game with a bottle of Chianti in the eighth grade. I woke up a few hours later in my friend's backyard, got on my bike and rode home. That kind of turned me off to alcohol for a long time.
If you think any of the above two posts mean I've ingested any alcohol this evening, shame on you! Half of what you see, and none of what you hear/read!
'Tis sure we'll be wearing the green, When the calendar says March seventeen, We'll be happy when in us, Are six pints of Guinness, Just try some, you'll know what we mean.
I assume you're asking my opinion re market direction next week? We haven't had a sell off in several weeks. So I give 65/35 odds for a -2% to -3% decline within the next two weeks. If you're referring to miners, then I see 80/20 odds for the same.
There ain't no cure for the summertime blues (Aside from sell in May and go away).
ReplyDeleteNot for me. Got nutten to sell.
DeleteYeah, I can't give mine away either, most of the time.
DeleteSNE rocking in Japan. Looks like a genuine breakout.
ReplyDeleteCan you link a chart?
Deletehttp://quote.tse.or.jp/tse/quote.cgi?F=listing%2FEDetail1&MKTN=T&QCODE=6758
DeleteSeekingalpha>
Shares of Sony (SNE) rip 7.5% higher in premarket action after its new Android smartphone closes out the week as the top-selling product for the fourth straight week. The company also got a boost from Daiwa Securities with an upgrade to Buy from Neutral.
Look, guys. We need to know this stuff the day before.
Deleteha. ok buy NOK then. I bought more NOK pre-market at $3.43. convertible bond issuance today and the stock is holding steady so far. today will be a key to see how it trades. i think it's a buy around $3.4. it's a low risk entry with prior resistance of $3.39 that should provide support now. wi like it because it's a low risk trade.
DeleteTOF bought NOK y'day, perhaps he was considering this.
Deleteits one thing to know something and another to act on that knowledge.
DeleteCP, you are right that when the central banks were selling gold in the 1990's someone else was buying it and it turned out those people were right and the central banks were wrong.
ReplyDeleteNow, central banks are buying and other people are selling. I wonder if the central banks will be right this time. The thing you have to think about is central banks are politicians, not traders. They get to keep their jobs if they do what the public wants, right or not. Traders get to keep their jobs if they make money.
"keep their jobs if they do what the public wants"
DeleteI'm not sure what the public has asked for, I suspect the decision making process is more nefarious. Public request makes for great cover, though.
PKX - My broker has an $100 PO on this one, not sure if that's likely to be revised downward due to the US industry production moving to Direct Reduction but PKX is one I wanted to buy under $100.
ReplyDeleteBIDU is right at potential double bottom lows. i'm looking to go long this again as I think it's a long term bull market for this stock. let's see if they can take out stops and drop it to around $84.
ReplyDelete$83.14 is lower BB on weekly chart
DeleteBIDU - There are three gaps down, Oct 31th, Feb 5st, & Feb 19st.
ReplyDeleteAUMN - Nice to see this one inching closer to $3. ;)
ReplyDeleteMark - for Tokyo trading just go to www.marketwatch.com and type in the company name in the top right. then choose the Nikkei symbol that drops down.
ReplyDeleteThey're doing their best to scare the piss out of the WFR bulls. Sharp drops like these almost always are buying opportunities. Look at Z for example.
ReplyDeleteSpeaking of Z look at the similarity between that chart and NQ.
DeleteThey're scaring the pee outta me, and I'm just an old plug. The gap up obligation is now addressed, probably a few orders waiting there, now we see how that works for 'em.
DeleteProbably retest 50sma at a minimum?
SNE - Yep, almost 8%
ReplyDeleteGDX @ 37.23...
ReplyDeleteAdded between 37.11 and 37.19. Closed entire position between 37.41 and 37.48...
DeleteWere you buying strength again? tsk, tsk! ;)
DeleteStill holding for a bit of a bigger reward. Can't eye the screen all day for fast hitters this week.
DeleteSNE- Someone other than Samsung makes a phone?
ReplyDeleteI dunno, there's a lot of talk right now about Fukushima and the ongoing robot renaissance.
Deletehttp://en.akihabaranews.com/
BIDU - I guess the flag pole is ~$7 in height, and the downside breakout occurred around $90, so the downside target would be $90-$7=$83
ReplyDeleteIs this chick testifying on TV right now in the witness protection program? Are you kidding me?
ReplyDeleteI haven't watch "Judge Judy" in a long time.
DeleteWell, I can't complain about late notification this time! Nice call on NOK, tof.
ReplyDeleteHLF - Trend line support seems to be holding today...
ReplyDeleteIn hindsight I should not have sold the YRCW position. That sucker just isn't letting me board the train (jet).
ReplyDeleteI had a feeling it would do this when it started its run. I honestly have never seen as mispriced of a stock as this one, assuming they can indeed return to profitability.
DeleteI hate to chase. When to re-enter is the question. Hasn't been too volatile lately.
DeleteChase is a relative term I guess...when you think it's going to $30 to $40 in 12 months.
Delete$7.3 to $7.4 was an area of resistance before. Maybe there to start a position and hope to add on any pullbacks?
If it breaks the overhead around 8.20ish with some gas.....lookout
DeleteYeah that's what I'm thinking too. $8.25 is the target now. The key in my mind that this thing was looking good was Tuesday's trading. For the past 6 months any time there was a jump the stock sold off immediately, typically within hours. But on Tuesday it held the gains. That was a tell.
DeleteSVU just recently has broke out of a flat base around 4.0. If anyone likes the space it is worth a look. Volume is picking up and it hasn't run to far yet. I am in around 4.05 with a stop below the just below flat base 3.80.
ReplyDeletenice move off the bottom. All it needs is a move above $5.4 to confirm it's in a new bull market.
DeleteSNFCA still looks good IMO
ReplyDeleteLong BIDU started position $85.07.
ReplyDeleteTZOO still looks good. Continues to slowly stair step higher. I think it has an insane breakout on some random news soon.
ReplyDeleteYou don't get moves in more speculative travel stocks like OWW and TRIP without TZOO following suit soon. TZOO is the cheapest relative to sales/cash flow/earnings/traffic to it site. There is no way its not a buyout target in my opinion. And if it isn't then you have a major catalyst ahead of it in them rolling out their hotel booking platform this summer. That alone will get momentum in this stock.
DeleteYRCW - Yes, very nice. I guess I'm gonna have to break down and load up.
ReplyDeleteTA - Have you guys looked at this chart lately? Not sure how their balance sheet is positioned in terms of debt.
FSYS - Still rocking, no debt.
that one came up on my screen recently (TA). i remember having issues with its fundamentals back when it was in the $3's if I remember so clearly i was wrong. it is has a lot of debt then it fits into the category that I think could be big winners going forward: i.e., highly leveraged companies that do really well when inflation is higher and the economy is picking up steam. BYD and YRCW are two that i have in that category.
DeleteI set up an account for my son's college fund and it cleared today. $4,300. I put it in YRCW at $7.5199 and $7.50 on this mini dip. Hopefully this turns out to be a good decision. Maybe YRCW goes to $70 by 2015 and he becomes the wealthiest 3 year old in the history of our family. i plan (hope?) on holding this for a while...
ReplyDeleteIt's well worth the risk vs reward, IMO.
DeleteContemplating opening a position in TZA. Someone talk me off the ledge.
ReplyDeleteNo doubt YRCW could move fast and management is doing some good things and the market seems to be getting it's story. Still kicking myself for not adding at $5.90, but easy to say in hindsight.
ReplyDeleteAnyway, nothing wrong with just taking a small position here and then hopefully adding at lower prices. If we do get a market correction, YRCW should also fall, but if not, you may not get a really good entry.
Furniture retailer FBN also starting to move, up over 25% in the last 2 days. The home furnishing sub-sector is outperforming now, probably on hopes for better housing. FBN is the leveraged play similar to YRCW with a bad balance sheet, but improving.
DeleteP/S = 0.06 as compared to 1.2 for a market leader like Ethan Allen (ETH).
Lots of work to do, but still a billion dollar retailer with a $70 million market cap.
BB - I was looking at FBN yesterday. Nice follow up move today. It's moves like these and OWW etc that make me want to put a little into TZA. This has to be toward the tail end of this move higher in the market if these junkier stocks are moving like this. i have some faith in YRCW but it's still a turnaround susceptible to big pullbacks if the market pulls back. having said that, though, the moves through old highs in the transports, dow, russell etc makes me think that there won't be much resistance in the S&P.
DeleteEven my smaller lifeco, NWLI, is rocking, up 17% in the 6 days. Met's also at a 52 week high, and it is a good overall environment for life insurers with rates rising, the market rising and the economy generally improving. NWLI announced good results, but not really different than most quarters the last 2 years, but all of a sudden it matters.
Delete"Still kicking myself for not adding at $5.90"
DeleteYep, I was looking the chart over and it made real sense in terms of the pattern to add there once it broke under $6 and $5.80 held then $6.20 was the obvious next move. Famous shakeout just prior to the rip your head off rally, huh? Unfortunately I was asleep at the wheel....
I don't know what GGN is tracking, but it is down on a day when both the miners and the metal is up...
ReplyDeleteMarch 11 NAV was $12.29, ex-div 4/12
DeleteSo I guess that means there was an ex-div within the past couple days, since it's monthly?
DeleteTop 5 Holdings % NET Assets:
DeleteBarrick Gold Corp ORD 3.63
Eldorado Gold Corp ORD 2.79
Gold Fields Ltd DR 2.5
Goldcorp Inc ORD 2.44
Newmont Mining Corp ORD 2.36
Holdings Last Updated 12/31/2012
Hopefully AUMN closes better than $2.80, otherwise I'm not going to give it credit for running up through $3
DeleteGLD is ready to break out to the highest level since March 1st and GDXJ has already surpassed its Feb 26 high -- why is SLV lagging way behind??? Ah, I know -- because I bought short-dated call options on it...
ReplyDeleteTOF,
ReplyDeletehave you looked at HOV? That reminiscencesofastockblogger guy had a writeup on it and it certainly makes sense to me for a small position.
BB - I can't get myself bullish on homebuilders at these prices after their huge run. just can't do it. for example, i was trading SPF in the $2's and it's up like 4 fold from there. while it can go higher i would need a sharp pullback to be interested. it's probably the wrong way to look at it since HOV is still down a ton from old highs. if it clears $7.20 then it's got a helluva lot of upside potential. just look at how LNG, ADES, NLS etc did after they broke above those multi year resistance points. Huge upside after those points and that's after they were up big to get to those resistance points. share count on HOV has doubled since 2008 so keep that in mind when comparing to old highs...
DeleteThe Borg has been particularly unkind to HXM of late.
DeleteSold 1/4 of TZOO at $22.5. Just trying to raise a little cash. Sold NOK at $3.42 and took a small loss. Not sure why I didn't sell that one earlier. Oh well.
ReplyDelete"Yep, I was looking the chart over and it made real sense in terms of the pattern to add there once it broke under $6 and $5.80 held then $6.20 was the obvious next move. Famous shakeout just prior to the rip your head off rally, huh? Unfortunately I was asleep at the wheel...."
ReplyDeletekind of gross how that happens huh? i was muttering under my breath when it was ripping higher this morning something to the effect of "unbelievable they did it again..." and my wife overhead me and said "who's they?".
They're "The Borg", I'm convinced.
DeleteFurther, The Collective lies with a human-built machine probe that would be known as "V'Ger."
DeleteBAS - Perhaps the Permian play is real after all?
ReplyDeleteFeels like a bit of selling onto strength to harvest gains just prior to the weekend?
ReplyDeleteGGB - Sheesh, when will "they" finish selling this thing?
ReplyDeleteHII - This one just keeps moving higher every day, anything that happens in the broad market is of absolute value.
ReplyDeleteBAH - This one's making it's move.
ReplyDelete$copper - It's been a rough couple of months, bearish for housing?
ReplyDeleteI'm pretty sure China is still the main driver of copper pricing. US housing helps, but last I read, China was consuming something in the area of 60% of global copper production.
DeleteSome comments on copper ...
DeleteOne other price series which is showing a similar divergence now is the price of copper. Before 2007, copper was properly known as the metal with a PhD in economics because of its strong correlation to bond yields and GDP. Since 2007, however, copper has acted much more like a financial asset, with the fascinating property of making divergent top conditions versus the SP500 at interesting places. We are seeing just such a divergence now.
http://www.mcoscillator.com/learning_center/weekly_chart/ge_says_dows_new_high_is_suspect/
NAK is one o the better looking miners.
ReplyDeletetop o the afternoon ta ya.
Personally, it was an OK week for trading. Two 15-minute forays into miners that netted a 4-figure gain. And unlike a trip to the casino, no outlays for food or gas.
ReplyDeleteOK, I've been patiently waiting outside for the past hour. When the hell does DT begin??? :)
ReplyDeletewhen you buy the bar a round, of course!
DeleteThat's what happens when we send Mark to the store.
DeleteI brought a bottle of Jameson, a bottle of Bailey's, and a 12-Pack of Guinness.
Delete-The Irish is here.
-The Car is rolling up.
-The Bomb is ticking.
Oh ----. I can hardly stand up.
DeleteThe first time I got drunk? Playing a drinking game with a bottle of Chianti in the eighth grade. I woke up a few hours later in my friend's backyard, got on my bike and rode home. That kind of turned me off to alcohol for a long time.
DeleteIf you think any of the above two posts mean I've ingested any alcohol this evening, shame on you! Half of what you see, and none of what you hear/read!
Delete'Tis sure we'll be wearing the green,
DeleteWhen the calendar says March seventeen,
We'll be happy when in us,
Are six pints of Guinness,
Just try some, you'll know what we mean.
Haven't you Nancy boys finished ironing your skirts yet?
ReplyDeleteI assume you're asking my opinion re market direction next week? We haven't had a sell off in several weeks. So I give 65/35 odds for a -2% to -3% decline within the next two weeks. If you're referring to miners, then I see 80/20 odds for the same.
DeleteSo realistically, odds of a broad market decline are 35/65, and miners will likely rally.
Delete