DJIA 12,632.26 -15.22
NASDAQ 2,504.52 -10.58
S&P 500 1,449.37 -1.82 Volume accelerating into lows.
Gold 690.70 Running for 700 then will try for 732.
Oil 61.55
IAG 8.94 -.05. Consolidation. Can test 8.82. If test and reject of 8.69 then buy going to 9.8.
UXG 5.12 -.07. Stay long.
CMGI 1.55. Earnings tonight. Lighter volume, can go down. Can test 1.44.
CNS 43.42 -2.75. REIT. Came off highs with volume.
MDG 29.46 -.89. Tom sold. Coming off highs with volume.
FRO 35.83 -.49. 27% dividend. Rejecting lows. Going for gap at 37.15.
FDG 24.87 +.91. 13% dividend. Higher with volume. Close around 25.71 this week and it confirms ABC up and action.
AGT .59 -.15. Heavy volume off highs. Announced private placement valuing shares at .5.
CKG 6.9 +.2. Will test Feb 20 down draft day.
MFN 11.17 +.21. Don't buy.
PAAS 31.7 +.67. Tom owns. Buy pullback.
AULO 1.03 -.08. Better miners out there.
IAG 8.94 +.05. Consolidation. Can test 8.69. Will go higher.
GOOG 465 -6. ABC down to gap at 419 from October 2006. Natural retracement could take it to 300. It will still need to show it wants to go back up.
SMTC 15.19 -.11. Highs with the necessary volume last week. Broke down trend. Action. Going to 17 then 21.
RMDX 1.33. Can to go to top of consolidation at 1.57.
HURN 63.96 -1.19. Let it consolidate and look for possible buy.
UCTT 17.1 +.45. Big up move Friday with volume. Up today when chips and nasdaq down, so keep an eye on this.
NG 17.14 +.44. Tom owns. Interview, says Barrick has 1/3 and is going to lose some of that share so NG will have more.
NovaGold Resources Inc. announced Friday that it had received its Environmental Assessment Certificate from the Province of British Columbia necessary for construction, operation, and closure of its Galore Creek project.
Monday, February 26, 2007
Friday, February 23, 2007
Thursday, February 22, 2007
20070222 Tom PM
DJIA 12,686.02 -52.39
NASDAQ 2,524.94 +6.52
S&P 500 1,456.38 -1.25
Gold -3. Huge strength yesterday.
IAAC 18.45 Going to 15.80.
PMTI 44.19 Is in the middle. Can go to 39.13.
ADM 35.23 Gap at 32 is open.
AMSC 11.95 Can run to 15.1. Buy the next pull back.
OXGN 4.53 Volatile, personality stock. Wants to go to 5.2. Buy 4.1.
JBLU 13.16 Low of last week at 12.51 will be tested.
CPST 1.05 Big sign of strength yesterday. Can test 1.65.
BTU 43.88 Going to 48.59.
LOW 33.63 Consolidation.
NASDAQ 2,524.94 +6.52
S&P 500 1,456.38 -1.25
Gold -3. Huge strength yesterday.
IAAC 18.45 Going to 15.80.
PMTI 44.19 Is in the middle. Can go to 39.13.
ADM 35.23 Gap at 32 is open.
AMSC 11.95 Can run to 15.1. Buy the next pull back.
OXGN 4.53 Volatile, personality stock. Wants to go to 5.2. Buy 4.1.
JBLU 13.16 Low of last week at 12.51 will be tested.
CPST 1.05 Big sign of strength yesterday. Can test 1.65.
BTU 43.88 Going to 48.59.
LOW 33.63 Consolidation.
Wednesday, February 21, 2007
20070221 Tom PM
DJIA 12,738.41 -48.23 Will test higher.
NASDAQ 2,518.42 +5.38 Will test higher.
S&P 500 1,457.63 -2.05 Will test high of yesterday at 1460.
Gold 682 +21 Price expansion with volume.
GIW 9.61 4% dividend. Wants to go to 10.15. Tiny volume.
MEE 24.9. Wants to go to 28. There is volume at 27. Could test 44. Buy.
GSS 3.72 Going to 4.7.
PHO 19.32. Water.
=========
MAMA 5.15 Coiling.
NASDAQ 2,518.42 +5.38 Will test higher.
S&P 500 1,457.63 -2.05 Will test high of yesterday at 1460.
Gold 682 +21 Price expansion with volume.
GIW 9.61 4% dividend. Wants to go to 10.15. Tiny volume.
MEE 24.9. Wants to go to 28. There is volume at 27. Could test 44. Buy.
GSS 3.72 Going to 4.7.
PHO 19.32. Water.
=========
MAMA 5.15 Coiling.
Saturday, February 17, 2007
Northern Orion
Jason likes NTO:
Add in over $180 million in cash holdings and you have a miner that appears to be significantly undervalued. Northern Orion (NTO) stock is trading at only $3.80, despite two days of solid gains. With a P/E ratio of around 7 and a net profit margin over 100%, we like the fundamentals.
Add in over $180 million in cash holdings and you have a miner that appears to be significantly undervalued. Northern Orion (NTO) stock is trading at only $3.80, despite two days of solid gains. With a P/E ratio of around 7 and a net profit margin over 100%, we like the fundamentals.
Thursday, February 15, 2007
S&P 500 ($INX) 4% Decline Buying Opportunity
Interesting.
"I always carry a cane after the S&P 500 ($INX) has declined more than 4% in the past week," he replied. "That's how the old-time speculators made all their money. When panic came to Wall Street, they'd buy to the full extent of their bank balances. Casanova, for example, often profited from buying stocks during panics and was quite generous with the proceeds in his chivalrous adventures.
"Cane investing still works," he added. "Over the past six years, there were 64 weeks when the S&P fell more than 4%, and the average change during the next seven trading days was a 3% rise."
"I always carry a cane after the S&P 500 ($INX) has declined more than 4% in the past week," he replied. "That's how the old-time speculators made all their money. When panic came to Wall Street, they'd buy to the full extent of their bank balances. Casanova, for example, often profited from buying stocks during panics and was quite generous with the proceeds in his chivalrous adventures.
"Cane investing still works," he added. "Over the past six years, there were 64 weeks when the S&P fell more than 4%, and the average change during the next seven trading days was a 3% rise."
Wednesday, February 14, 2007
20070214 Tom PM
DJIA 12,741.86 +87.01
NASDAQ 2,488.38 +28.50
SP500 1,455.30 +11.04
Venezuela Chavez is setting farmer's sales prices.
QID Tom is short. 2X inverse of QQQ.
HTE January 5 is still out there. Dangerous.
NAVZ Went to pick sheets. Pushing highs with volume. Not a short.
NASDAQ 2,488.38 +28.50
SP500 1,455.30 +11.04
Venezuela Chavez is setting farmer's sales prices.
QID Tom is short. 2X inverse of QQQ.
HTE January 5 is still out there. Dangerous.
NAVZ Went to pick sheets. Pushing highs with volume. Not a short.
Tuesday, February 13, 2007
20070213 Tom PM
Index Last Change Open High Low
DJIA 12,654.85 102.30 12,549.19 12,658.22 12,549.19
NASDAQ 2,459.88 9.50 2,485.37 5,482.62 2,452.17
SP500 1,444.26 10.89 1,433.22 1,444.41 1,433.22
Volume
NYSE AMEX NASDAQ
1,448,646,000 35,138,000 815,537,000
Commodities moved much higher.
SPIL 8.69 Natural retracement is to 8.30.
PXP 49.22 Wants to break up and then run to 55. If it fails will go to 43.
NG 16.66 Tom owns. Trying to break up to 18. There are other golds that have more juice.
GSS Can buy at 3.35.
EGO 5.96 Pushing highs with volume.
IAG Tom owns. Consolidation. Can buy right here at 8.50. Wants to go to 9.80 when Venezuela strike is settled.
SNG 2.34 up 17%. Going to 2.73 then 3.65.
ESLR Going up. Earning tomorrow.
DJIA 12,654.85 102.30 12,549.19 12,658.22 12,549.19
NASDAQ 2,459.88 9.50 2,485.37 5,482.62 2,452.17
SP500 1,444.26 10.89 1,433.22 1,444.41 1,433.22
Volume
NYSE AMEX NASDAQ
1,448,646,000 35,138,000 815,537,000
Commodities moved much higher.
SPIL 8.69 Natural retracement is to 8.30.
PXP 49.22 Wants to break up and then run to 55. If it fails will go to 43.
NG 16.66 Tom owns. Trying to break up to 18. There are other golds that have more juice.
GSS Can buy at 3.35.
EGO 5.96 Pushing highs with volume.
IAG Tom owns. Consolidation. Can buy right here at 8.50. Wants to go to 9.80 when Venezuela strike is settled.
SNG 2.34 up 17%. Going to 2.73 then 3.65.
ESLR Going up. Earning tomorrow.
Monday, February 12, 2007
20070212
Index Last Change Open High Low
DJIA 12,552.55 -28.28 12,580.11 12,607.51 12,536.21
NASDAQ 2,450.38 -9.44 2,460.23 2,460.63 2,444.68
SP500 1,433.37 -4.69 1,438.00 1,439.11 1,431.44
Volume
NYSE AMEX NASDAQ
1,316,535,000 41,061,000 828,958,000
AUY Tom owns. Friday did not hold higher price. Can test 12.82. Gold equities not yet ready to break up.
AOB Came off highs with volume.
FCX 2% dividend. Consolidation. Can test 52. Will go back to 63.
DJIA 12,552.55 -28.28 12,580.11 12,607.51 12,536.21
NASDAQ 2,450.38 -9.44 2,460.23 2,460.63 2,444.68
SP500 1,433.37 -4.69 1,438.00 1,439.11 1,431.44
Volume
NYSE AMEX NASDAQ
1,316,535,000 41,061,000 828,958,000
AUY Tom owns. Friday did not hold higher price. Can test 12.82. Gold equities not yet ready to break up.
AOB Came off highs with volume.
FCX 2% dividend. Consolidation. Can test 52. Will go back to 63.
Thursday, February 08, 2007
AHM TIE LTS MDLK, miners
Ideas.
AHM 11% dividend. Sold off today.
TIE
LTS
MDLK
The place to be is where the company is going from losses to significant profitability. That list (in alphabetical order) includes:
Agnico-Eagle Mines (AEM)
Alamos Gold [AGI.TO]
Eldorado Gold (EGO) [ELD.TO]
Gammon Lake Resources (GRS)
Guyana Goldfields [GUY.TO]
Harmony Gold (HMY)
Hecla (HL)
High River Gold [HRG.TO]
Highland Gold [HGM.L]
Meridian Gold (MDG) [MNG.TO]
Minefinders (MFN) [MFL.TO)
Richmont Mines (RIC)
Sino Gold (SIOGF.PK) [SGX.AX]
Yamana Gold [AUY/YRI]
You might add to that list a couple that are sitting on huge ore bodies and will be in production in two years or so: Crystallex (KRY) and Aurelian [ARU.TO]. For the best pure exploration play I like U.S. Gold Corp (UXG). And for pure silver I like Silver Wheaton (SLW).
AHM 11% dividend. Sold off today.
TIE
LTS
MDLK
The place to be is where the company is going from losses to significant profitability. That list (in alphabetical order) includes:
Agnico-Eagle Mines (AEM)
Alamos Gold [AGI.TO]
Eldorado Gold (EGO) [ELD.TO]
Gammon Lake Resources (GRS)
Guyana Goldfields [GUY.TO]
Harmony Gold (HMY)
Hecla (HL)
High River Gold [HRG.TO]
Highland Gold [HGM.L]
Meridian Gold (MDG) [MNG.TO]
Minefinders (MFN) [MFL.TO)
Richmont Mines (RIC)
Sino Gold (SIOGF.PK) [SGX.AX]
Yamana Gold [AUY/YRI]
You might add to that list a couple that are sitting on huge ore bodies and will be in production in two years or so: Crystallex (KRY) and Aurelian [ARU.TO]. For the best pure exploration play I like U.S. Gold Corp (UXG). And for pure silver I like Silver Wheaton (SLW).
Wednesday, February 07, 2007
20070207
Index Last Change Open High Low
DJIA 12,666.87 0.56 12,656.86 12,700.28 12,630.50
NASDAQ 2,490.50 19.02 2,483.14 2,495.27 2,475.57
SP500 1,450.02 2.02 1,447.41 1,452.99 1,446.44
Volume
NYSE 1,472,572,000
AMEX 45,797,000
NASDAQ 1,009,798,000
Up on lighter volumes.
DJIA 12,666.87 0.56 12,656.86 12,700.28 12,630.50
NASDAQ 2,490.50 19.02 2,483.14 2,495.27 2,475.57
SP500 1,450.02 2.02 1,447.41 1,452.99 1,446.44
Volume
NYSE 1,472,572,000
AMEX 45,797,000
NASDAQ 1,009,798,000
Up on lighter volumes.
Tuesday, February 06, 2007
20070206 Tom PM
Index Last Change Open High Low
DJIA 12,666.31 4.57 12,661.66 12,680.57 12,633.94
NASDAQ 2,471.48 0.88 2,476.33 2,478.24 2,454.60 Rejected low price. Will test 2481. The force is for going down.
SP500 1,448.00 1.01 1,446.98 1,450.19 1,443.40
NYSE Volume 1,471,339,000
NASDAQ Volume 980,519,000
AMEX Volume 47,218,000
YHOO Consolidation. Not a short.
AGT Down 8% on double average volume.
FXI China 25 index. Maybe short at 110.
MAMA Up 12%. Big moves. Risky.
AHM Consolidation 30 - 36. 11% dividend.
TIE 34.94 up 2.41. Had volume at highs. Going to 40.
DJIA 12,666.31 4.57 12,661.66 12,680.57 12,633.94
NASDAQ 2,471.48 0.88 2,476.33 2,478.24 2,454.60 Rejected low price. Will test 2481. The force is for going down.
SP500 1,448.00 1.01 1,446.98 1,450.19 1,443.40
NYSE Volume 1,471,339,000
NASDAQ Volume 980,519,000
AMEX Volume 47,218,000
YHOO Consolidation. Not a short.
AGT Down 8% on double average volume.
FXI China 25 index. Maybe short at 110.
MAMA Up 12%. Big moves. Risky.
AHM Consolidation 30 - 36. 11% dividend.
TIE 34.94 up 2.41. Had volume at highs. Going to 40.
Monday, February 05, 2007
20070205 Tom PM
Index Last Change Open High Low Volume Comment
DJIA 12,661.74 8.25 12,653.41 12,681.21 12,629.86 1,407,457,000
NASDAQ 2,470.60 -5.28 2,475.34 2,481.57 2,466.18 894,660,000 Over high. Has down volume.
SP500 1,446.99 -1.40 1,448.33 1,449.38 1,443.85 Low volume, couldn't hold high.
Gold Up 3.40. Consolidation. Dollar can go a little higher.
SMTC Good long setup relative to other semis.
PAL Has volume at highs. Doesn't move a lot because it hedges the palladium.
GOOG Down 14. Going for 452. Gap is at 453. Had breakaway gap at 419.
KLAC Up 1.29 with decent volume. Had numbers.
EDU MR
AUY Has volume hugging top. Stay long.
GLW Consolidation, will take a while to get through this.
SHLD Will test highs again. Buy at 165 where it broke away.
URME Speculative. Maybe buy at 3.95.
DJIA 12,661.74 8.25 12,653.41 12,681.21 12,629.86 1,407,457,000
NASDAQ 2,470.60 -5.28 2,475.34 2,481.57 2,466.18 894,660,000 Over high. Has down volume.
SP500 1,446.99 -1.40 1,448.33 1,449.38 1,443.85 Low volume, couldn't hold high.
Gold Up 3.40. Consolidation. Dollar can go a little higher.
SMTC Good long setup relative to other semis.
PAL Has volume at highs. Doesn't move a lot because it hedges the palladium.
GOOG Down 14. Going for 452. Gap is at 453. Had breakaway gap at 419.
KLAC Up 1.29 with decent volume. Had numbers.
EDU MR
AUY Has volume hugging top. Stay long.
GLW Consolidation, will take a while to get through this.
SHLD Will test highs again. Buy at 165 where it broke away.
URME Speculative. Maybe buy at 3.95.
Friday, February 02, 2007
20070202 Tom PM
Index Last Change Open High Low
DJIA 12,653.49 -20.19 12,673.84 12,683.93 12,638.35
NASDAQ 2,475.88 7.50 2,473.58 2,478.41 2,466.56
SP500 1,448.39 2.45 1,445.94 1,449.33 1,444.49
Light index volumes.
Gold 647.9 down 9.5. B to C of ABC up. More consolidation to do.
XAU 139 down 2.
HUI 332 down 7.
USO 49.2 up 1.36. Wait to short.
RACK 16.69 down 3.65. Another gap down. Had gone to 52 on no volume.
TRE 5.05 down .15. Can test 4.97. Had volume down yesterday.
AMZN 37.39 down 1.31. Will get into gap at 32.86.
SGEN 9.3 up .95. Took off two days ago and for past two weeks. Can go up another day. Wait to buy at 7.25. Has done more than 1:1.618 up, so it will take a long time to get back to these highs.
MRO 89.62 down 1.29. When over 91.50 with lighter volume and close under it, then can short.
RIMM 132.82 up 5.44. Going to 145. Don't chase due to money management concerns (risk 5 to get 10).
PAAS 28.45 down .2. Strong silver stock in ABC up. Going to 31.50.
GBN 1.98 up .15. Wants to go to 2.04 then higher. Long term hold.
CRDC 5.56 up .38. Gambling.
ALB 78.95 down .3. Pushing high with volume.
EICU 10.76 up .27. Wants to test 11.25. Needs a lot more volume to get to 15.
AGT .58 up .04. Going to .66, maybe .86.
SFE 2.87 up .12. Sign of strength today. If volume next week can hit 3.5.
HANS 39.6 up .61. 25% short interest. Before short would need to touch other side of gap.
BWLD 52.11 up 1.23. Maybe short at 55 if it tests that with lighter volume and closes under it.
NTAP 37.33 up .02. It's in the middle.
KSS 73.15 up .33. In consolidation. Can test 75.54.
DOW 41.49 down .14. Pulling back into breakout area with much lighter volume. Low of 33 had monster volume on weekly in July. Buy near 40.35.
RSH 22.38 down .16. Three gap play off bottom. Will likely go down to fill the three gaps. Watch to buy at 17.75.
BUCY 47.89 up .55. Consolidation.
BTJ 21.69 up .02. Wants to go to 24.
DJIA 12,653.49 -20.19 12,673.84 12,683.93 12,638.35
NASDAQ 2,475.88 7.50 2,473.58 2,478.41 2,466.56
SP500 1,448.39 2.45 1,445.94 1,449.33 1,444.49
Light index volumes.
Gold 647.9 down 9.5. B to C of ABC up. More consolidation to do.
XAU 139 down 2.
HUI 332 down 7.
USO 49.2 up 1.36. Wait to short.
RACK 16.69 down 3.65. Another gap down. Had gone to 52 on no volume.
TRE 5.05 down .15. Can test 4.97. Had volume down yesterday.
AMZN 37.39 down 1.31. Will get into gap at 32.86.
SGEN 9.3 up .95. Took off two days ago and for past two weeks. Can go up another day. Wait to buy at 7.25. Has done more than 1:1.618 up, so it will take a long time to get back to these highs.
MRO 89.62 down 1.29. When over 91.50 with lighter volume and close under it, then can short.
RIMM 132.82 up 5.44. Going to 145. Don't chase due to money management concerns (risk 5 to get 10).
PAAS 28.45 down .2. Strong silver stock in ABC up. Going to 31.50.
GBN 1.98 up .15. Wants to go to 2.04 then higher. Long term hold.
CRDC 5.56 up .38. Gambling.
ALB 78.95 down .3. Pushing high with volume.
EICU 10.76 up .27. Wants to test 11.25. Needs a lot more volume to get to 15.
AGT .58 up .04. Going to .66, maybe .86.
SFE 2.87 up .12. Sign of strength today. If volume next week can hit 3.5.
HANS 39.6 up .61. 25% short interest. Before short would need to touch other side of gap.
BWLD 52.11 up 1.23. Maybe short at 55 if it tests that with lighter volume and closes under it.
NTAP 37.33 up .02. It's in the middle.
KSS 73.15 up .33. In consolidation. Can test 75.54.
DOW 41.49 down .14. Pulling back into breakout area with much lighter volume. Low of 33 had monster volume on weekly in July. Buy near 40.35.
RSH 22.38 down .16. Three gap play off bottom. Will likely go down to fill the three gaps. Watch to buy at 17.75.
BUCY 47.89 up .55. Consolidation.
BTJ 21.69 up .02. Wants to go to 24.
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