China PMI came perilous close to a point that indicates economic contraction and about 10% lower than whisper numbers. In the U.S. non-farm payroll came at 82K vs. consensus of 168K and whisper number of 120K. Gold and silver are spiking on hopes of QE3. We still think QE3 unlikely,
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
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
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
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) IS GREECE EXITING EUROZONE PRICED IN? May 25, 2012 Is Greece leaving eurozone priced in? As the probability of Greece leaving eurozone increases, debate is raging about its effects. It will all
This post was just published on ZYX Buy Change Alert The company is primarily a retailer of women’s apparel, accessories, jewelry, and gift items in the U.S. The position is long with an average price of $2.26. Currently, 5% of the full core position size is being held. Our target
An interesting see-saw price action has developed between shares of Apple (AAPL) andFacebook (FB). When Facebook stock goes down, Apple stock goes up and vice versa. Going into the Facebook IPO, it made sense that investors were selling Apple stock to raise money to buy Facebook shares, but when Facebook did not open
Consider taking profits on the remaining short position on GLD right here at $151.49. June futures equivalent is $1559. Congratulations to those who participated in this trade. This trade is now complete with good profits. Risk of holding gold short here is increasing for the reason stated in the last post.
This post was just published on ZYX Short Sell Change Alert Consider taking partial profits in gold right here at $1538 in June futures or $149.51 in GLD. This will leave only 5% of full position size short. What has changed since the last post this morning is the report that
This post was just published on ZYX Buy Change Alert MAKO Surgical Corp (MAKO) markets its advanced robotic arm solution and orthopedic implants for orthopedic procedures. The stock has been depressed after reporting earnings that did not meet Wall Streets expectations. The big down swing in MAKO is a buying opportunity.