Tag Archives: stock bounce

$UNG looks poised to turn around on the last day of the week. If you look at Thursdays bounce for natural gas and the interday high for UNG it stands to reason that the ETF should see some substantive gains in the next few trading days.

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• interday calls png

$CAEI is having an unbelievable run since we posted it at $1.44. Having almost doubled it might behoove an investor to watch for the inevitable dip.  The company surged on an annoucement that it received another government contract for over $11 million. LINK. An incredible amount of construction to be done in the People’s Republic and it seems this company provides a cheap good looking means of making that happen.

Banks are big and $WFC,$BAC, $JPM, $GS as well as $C are the ones we have been prospering with. We covered most of it here. This article makes some good points about the sector wide recovery,

At the same time, most banks are back in the black. Even embattled lenders Citigroup (C, Fortune 500) and Bank of America (BAC, Fortune 500), both of which were widely believed to be on the verge of being seized by the federal government earlier this year, managed to report their second consecutive quarter of profits in the latest quarter. LINK

As with the Barron’s perspective that we referred to in the second sentence we see that Cramer is touching on the same points for BAC.

The fundamentals are screaming buy and the spread quadrupling this year, I think BANK OF AMERICA could rally another 50% and maybe even double.  Thanks to a coalition of the ruling buyers who can’t stay away from the stock. That’s why I’ve made BANK OF AMERICA one of my largest positions in my charitable trust portfolio.”–CNBC’s Mad Money 8/4/2009 and LINK.