May 31, 2012

HGSI RECOMMENDATION IS HEREBY CANCELLED

This post was published earlier on ZYX Buy Change Alert

Based on legal developments today, recommendation on HGSI is now cancelled.

Most investors who have already entered a tranche may consider exiting right here at $13.50 for a scratch.

Based on a court’s ruling on poison pill, only very aggressive investors may continue to hold this position.

The court ruling has substantially increased the risk in HGSI.… Please click here or the title below to read more.

May 31, 2012

WHAT’S NEXT FOR GOLD AND SILVER?

My long time readers know, our models have consistently called every major twist and turn in gold and silver for the last several years. Our most recent trades in gold have been on the short side.

On May 23, 2012, we bought to cover the last of the gold short positions at $1,538 in near-month futures (equivalent in gold ETF GLD at $149.51) and $1,559 in near month futures (equivalent in GLD at $151.49).

We also made the same recommendations in real time to subscribers of ZYX Short Sell Change Alert .

Recently, we have had no positions in silver futures or silver ETF SLV.… Please click here or the title below to read more.

May 31, 2012

NEW IDEA ON CIEN

This post was just published on ZYX Buy Change Alert

CIEN provides optical networking systems. Our research has shown that phone carriers are likely to increase spending on optical networks in second half of the year. We have been waiting for the earnings release to issue a buy recommendation. Earnings released this morning were positive.

In this market environment, it is best to diversify among a large number of positions but keep position sizes small.

Buy zone: $11.40 to $12.50

Target zone: $19 to $20

Stop zone: temporarily no stop

The best way to control risk is to initiate only a 10% tranche right here. … Please click here or the title below to read more.

May 31, 2012