"TOF, do you remember the name of that Chinese stock that was selling tv set-top boxes you were talking about before. Was thinking to take a look at it again."
Hey BB - Yeah it is STV. Something screwy happened with the charts because it never got as low as they say it did. I think they paid out a big dividend and the charts were adjusted...
too cheap, lots of pessimism, long term bullish fundamentals intact, and the support level was never broken for more than a day or two. good setup in my opinion.
NOK is holding its ground. I really like the setup in this one too. If I didn't think YRCW was the cheapest stock in the market I would probably be loading the boat up on NOK.
There's a big gap up around $8 that will get filled at some point. I see that Siemens wants out of the Nokia Siemens division. Their contract expires next month. This could be a big catalyst for this stock. Perhaps they do an IPO of the division. Nokia's share is worth probably $7 billion or so. The entire company is only worth $12 billion and they have $5 billion in net cash. Do the math: the rest of the biz is worth $0 even though they guided for positive operating income from the handset/electronics division just last month.
Keep in mind they also have a navigation business that has a huge market share in the automobile space (like 90%) and patents that generate royalty income of $600 million a year.
Mark - If you're in cash I'd be looking to buy that sucker man. Maybe buy half here and half at $3.25 if you can get it with a stop a few pennies below recent lows. The nice thing about that stock if you're worried about the overall market is its a very liquid stock.
Higher highs and higher lows since it bottomed in the summer of 2012. The stock is above its 200 DMA and right at a logical support level (which was previously resistance from last year). Nice setup in my opinion. All it needs is a downgrade from Goldman...oh wait it just got that: http://www.valuewalk.com/2013/03/nokia-corporation-adr-nok-price-target-cut-by-goldman-sachs/
Funny thing, I see Goldman is the biggest shareholder of the stock: http://www.nasdaq.com/symbol/nok/institutional-holdings#.UVL-vRkZ_eY
perhaps they want more? Just like last summer when they downgraded it to sell when it was at $2 and the filings showed they doubled their stake in Q3.
It wouldn't surprise me if these big banks weren't sandbagging NOK for their own benefit, my broker has assigned a PO of $2.54 GS might be thinking about liquidating this one?
And what's with that dividend, they must have some confidence to keep paying?
NOR - Okay, no wonder my broker has assigned a buy to this one, they hold the 11% note for $175m:
"Term Loan Agreement On March 8, 2013, AcquisitionCo entered into an Incremental Amendment No. 1 to Credit Agreement (the “Amendment”), among AcquisitionCo, Bank of America, N.A., as incremental term lender, the other lenders party thereto and Bank of America, N.A., as administrative agent, to its existing Senior Secured Term Loan B Facility."
A spike in the US Dollar will finally force the Fed's hand. I had the timing right. The next two weeks will ultimately be referred to as the Fed's economic defense of the USA.
If the Fed doesn't take immediate and drastic action to remove the spike in the US Dollar, several ugly things will be happening, including the failure of foreigners to pay US debt; the sudden drying up of US export sales; a return to higher unemployment levels; a severe sell-off in equities; and a consequential plummeting of consumer and investor confidence.
So, over the next two weeks -- right on my timeline -- you will be presented the last great buying opportunity in precious metals, commodities and US equities.
That's been my story and you know I'm sticking to it.
2nd - I saw that note from CC's website. I wonder why a move from 79 to 83 is the end of the world. Can someone help me out here? I mean a move of...god forbid...4%...will mean a return to higher unemployment and a meltdown in stocks?
NOK - Sure looks like the $3.25 level is a good deal of support. I think its setting the stage for a big move higher…just a matter of time in my opinion…if you're in it the stop out point is pretty obvious. A close below $3.2 would do it for me.
PLCM: my old boss was heavy into that one and bailed right before the bottom fell out. The video conferencing thing they have is pretty cool but it's a super competitive market. Chart-wise I see what you're saying but I see more of just a rangebound stock between $9 and $12. If it can bust out of there and come back and re-test it then it's looking really good.
You have been on this for thre or five years now. The stock action so just how tough the mining business is.
I wonder how much money the "wizard" lost for his clients in that gold portfolio which he was suppose to trade and turn in to a buy and holder based on his vision of where it would be in 3 to 5.
"TOF, do you remember the name of that Chinese stock that was selling tv set-top boxes you were talking about before. Was thinking to take a look at it again."
ReplyDeleteHey BB - Yeah it is STV. Something screwy happened with the charts because it never got as low as they say it did. I think they paid out a big dividend and the charts were adjusted...
I heard a report where NFLX's movie streaming is working out.
DeleteRates are up in peripheral countries, apparently.
ReplyDeleteOffed YRCW @ 7.46.
ReplyDeleteBIDU - What a shocker, moving up?
ReplyDeletetoo cheap, lots of pessimism, long term bullish fundamentals intact, and the support level was never broken for more than a day or two. good setup in my opinion.
DeleteMaybe this one can even recapture $87, $87.05 would be a positive event.
DeleteInteresting divergences in metals/miners. Gold up, silver down. Miners generally higher.
ReplyDeleteNOK is holding its ground. I really like the setup in this one too. If I didn't think YRCW was the cheapest stock in the market I would probably be loading the boat up on NOK.
ReplyDeleteThere's a big gap up around $8 that will get filled at some point. I see that Siemens wants out of the Nokia Siemens division. Their contract expires next month. This could be a big catalyst for this stock. Perhaps they do an IPO of the division. Nokia's share is worth probably $7 billion or so. The entire company is only worth $12 billion and they have $5 billion in net cash. Do the math: the rest of the biz is worth $0 even though they guided for positive operating income from the handset/electronics division just last month.
DeleteKeep in mind they also have a navigation business that has a huge market share in the automobile space (like 90%) and patents that generate royalty income of $600 million a year.
DeleteI love the chart too. Missed that one spike down the other day by a penny. Just like I missed VELT yesterday.
DeleteMark - If you're in cash I'd be looking to buy that sucker man. Maybe buy half here and half at $3.25 if you can get it with a stop a few pennies below recent lows. The nice thing about that stock if you're worried about the overall market is its a very liquid stock.
DeleteI don't get it. NOK appears to be trending down like a ski slope.
DeleteHigher highs and higher lows since it bottomed in the summer of 2012. The stock is above its 200 DMA and right at a logical support level (which was previously resistance from last year). Nice setup in my opinion. All it needs is a downgrade from Goldman...oh wait it just got that:
Deletehttp://www.valuewalk.com/2013/03/nokia-corporation-adr-nok-price-target-cut-by-goldman-sachs/
Funny thing, I see Goldman is the biggest shareholder of the stock:
http://www.nasdaq.com/symbol/nok/institutional-holdings#.UVL-vRkZ_eY
perhaps they want more? Just like last summer when they downgraded it to sell when it was at $2 and the filings showed they doubled their stake in Q3.
It wouldn't surprise me if these big banks weren't sandbagging NOK for their own benefit, my broker has assigned a PO of $2.54 GS might be thinking about liquidating this one?
DeleteAnd what's with that dividend, they must have some confidence to keep paying?
Dip buyers moving in on schedule.
ReplyDeleteSo far they've been right.
DeletePGTI - Now that looks like a TKO type setup in the works.
ReplyDeleteNice!
DeleteToo funny. GMO down 2.30%, YRCW up 2.30%.
ReplyDeleteNOR - Okay, no wonder my broker has assigned a buy to this one, they hold the 11% note for $175m:
ReplyDelete"Term Loan Agreement
On March 8, 2013, AcquisitionCo entered into an Incremental Amendment No. 1 to Credit Agreement (the “Amendment”), among AcquisitionCo, Bank of
America, N.A., as incremental term lender, the other lenders party thereto and Bank of America, N.A., as administrative agent, to its existing Senior Secured
Term Loan B Facility."
HDSN - The refrigerant recycling business has put a serious tailwind behind this one.
ReplyDelete----in' A. Dip buyers drove it up again.
ReplyDelete[7:00am ET] Good morning.
ReplyDeleteThe last spike.
A spike in the US Dollar will finally force the Fed's hand. I had the timing right. The next two weeks will ultimately be referred to as the Fed's economic defense of the USA.
If the Fed doesn't take immediate and drastic action to remove the spike in the US Dollar, several ugly things will be happening, including the failure of foreigners to pay US debt; the sudden drying up of US export sales; a return to higher unemployment levels; a severe sell-off in equities; and a consequential plummeting of consumer and investor confidence.
So, over the next two weeks -- right on my timeline -- you will be presented the last great buying opportunity in precious metals, commodities and US equities.
That's been my story and you know I'm sticking to it.
Have a good day.
--------------------------------------------------------------------------------
Sister site, no doubt. Maybe commodities(where's the demand?), most likely US debt and probably US equities.
DeleteMore of the same, banks are making out like bandits borrowing at 0% and lending at 11%
We all know we're not headed back into caves, global employment has likely bottomed?
It wasn't that long ago housing wasn't a buy, and look how that turned out to be WRONG!
Yes, but not on fundamentals but speculation.
Deletehttp://www.ritholtz.com/blog/2013/03/this-housing-recovery-is-different-big-investors-are-the-buyers/
Oh, speculation AS USUAL!
DeleteWell, I'm still trying to figure it all out man so be patient with me!
DeletePretty safe bet the FED ain't gonna allow housing speculators' failure? Duck-duck-goose, chicken dinner for those guys?
Renters can be hard on your drywall, now owned by speculators. So anyway, what's up with USG lately, housing about to take a dump?
PKX - Notice yesterday's gap up obligation was addressed this morning.
ReplyDeleteWill the South Korean navy need a few sheets of steel to repair their destroyed fleet if N.Korea nukes them?
DeleteFMCC/FNMA - Wild ride on these.
ReplyDeleteCLF - There's your commodities rally, like stopped clockwork.
ReplyDelete2nd - I saw that note from CC's website. I wonder why a move from 79 to 83 is the end of the world. Can someone help me out here? I mean a move of...god forbid...4%...will mean a return to higher unemployment and a meltdown in stocks?
ReplyDeleteFundamentals.
ReplyDeleteHow to value a stock.
http://www.youtube.com/watch?v=4pi4kfd17b8
You wouldn't believe what I went through just to watch that.
DeleteRLGY - This one is obviously signaling a downturn in housing sales? Yes, housing sales are down due to lack of inventory....
ReplyDeletewow i didn't realize how far down EXM went yesterday. Retraced nearly 50% of its gains. No wonder it's bouncing today.
ReplyDeleteBCOV looks decent. momentum readings are turning up ahead of the stock.
ReplyDeleteIt looks like its time to load the boat on ANR.
ReplyDeleteThis comment has been removed by the author.
DeleteFrom your lips to Universe ears, long.
DeletePCLM, looks like a cup and handle. any one else see this?
ReplyDeletePLCM, that is
Delete1.5 month C&H? Are insiders buying?
DeleteCooperman, Leon took a position, sometimes he is smart money. But always good analysis on his part and like everyone else sometimes right and wrong.
DeleteNOK - Sure looks like the $3.25 level is a good deal of support. I think its setting the stage for a big move higher…just a matter of time in my opinion…if you're in it the stop out point is pretty obvious. A close below $3.2 would do it for me.
ReplyDeletePLCM: my old boss was heavy into that one and bailed right before the bottom fell out. The video conferencing thing they have is pretty cool but it's a super competitive market. Chart-wise I see what you're saying but I see more of just a rangebound stock between $9 and $12. If it can bust out of there and come back and re-test it then it's looking really good.
Your right, getting through 12 would be nice.
DeleteI'm long NOK and
RJA
EWZ
ANR
GG
NOK
YRCW
GMO - Now the 12mo PO is listed at $2, this must be a typo, as the latest report is $2.10
ReplyDeleteYou have been on this for thre or five years now. The stock action so just how tough the mining business is.
DeleteI wonder how much money the "wizard" lost for his clients in that gold portfolio which he was suppose to trade and turn in to a buy and holder based on his vision of where it would be in 3 to 5.
Switch a roo Buck a roo
The wizard's interests are completely self-centered, that's the difference between him and me.
DeletePMT - Out @ $25.62, may as well raise some cash.
ReplyDeleteKWK took a flyer pulled back from 10 days ago, small
ReplyDeleteALU looks like H&S, you still invested in it?
DeleteTRP - Looks like C&H
ReplyDeleteKCG - Any chance this one eeks out a spectacular comeback?
GNW - Was just noticing this one's trading at 1.27 cash, then I saw their announcement in AH...
ReplyDeletePurely coincidence.
new post
ReplyDelete