We were telling anyone who would listen before open today that LIZ would come through for us. The company that includes both Lucky Brand and Juicy lines hit 10% gains at one point and closed leaving those that heard our plea pleased.
I’m looking forward to a substantial rebound either today or Monday. Look for that bottom and then prepare for cooler heads and a tidy little bounce to prevail.
We featured Yamana Gold (AUY) and Barrick Gold (ABX) back in October when they bottomed out and started to rebound.Since being featured in October, both have had dramatic gains with ABX seeing a third again as much improvement and AUY improving by almost 3 times. Both have had some consolidation almost in direct inverse to… Read More »
After taking a 70% hit yesterday after the FDA asked for a recall of their homeopathic cold remedy Zicam, MTXX bounces as we predicted yesterday. The stock opened at $5.64 cents where we called it and then came just shy of seven bucks in trading today as panic subsided and shorts bought back to close… Read More »
Capstone, (CPST) “the world’s leading clean technology manufacturer of microturbine energy systems.” Had a big move on June 11 when it, “announced that its C30 liquid fueled microturbine has been successfully integrated into a Ford S-Max people carrier in the United Kingdom.” After a frenzy of trading in the wake of the announcement things have… Read More »
The way China Architectural Engineering (CAEI) has been running and consolidating lately, we think we have found a good entry point for a short term play. The company released financials showing good same quarter profit growth while cutting the cost of making that money.The market saw some panic selling of E*Trade (ETFC) on news that… Read More »
We have been a long time fan of bounce plays and bottom fishing. If the company has merits even as a small cap it is bound to head north again. As traders we will play the short term but also on companies that we see longer term potential we will sit and hold onto stock.… Read More »
There are a small number of petroleum producers that are beginning to look at renewable energy/biofuels as a way of both committing to environmentalism but also as a hedge against a changing economic and political landscape. The company that is most visible in this regard has been BP [Ticker: BP]. BP has built quite a… Read More »
Bond Insurers MBIA (MBI) and Ambac (ABK), both have gotten into mortgage insurance as well as their other well known business of protecting municipal bonds. Now I think the combo of insuring both mortgages and local government obligations give them an outsize influence with those folks in the Treasury Dept. that are making the decisions… Read More »
I’ve been on an extended vacation and I have to say while I love traveling I am glad to be back home. Took some time up in Alaska and it was rejuvenating. Before the trip we pointed to Bank of America and its as an institution that would remain steady in very turbulent seas.Now I… Read More »