In my 30 years in the markets, Facebook FB is one of the most anticipated Initial Public Offerings (IPO) I have seen. The stock will start trading on Friday if it gets all approvals. Here is a game plan investors may consider. Back up the truck and buy in the
This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits on a 5% tranche on GLD right here in the after market at $149.75. The equivalent in gold futures is $1542.
The initial public offering of Facebook is one of the most eagerly awaited events that I have witnessed in my 30 years in the market. In the same 30-year period, I have seen very few companies accomplish what Apple has accomplished. I’d say that the probability is very high that Facebook will
This post was just published on ZYX Short Sell Change Alert. Gold plunged through support at $1565 on really bad news from Greece. This shows that trading in gold is still in the hands of the momo crowd. Long term investors tend to buy gold on bad news not sell. Clearly
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) AMERICA’S GOLDEN BOY STUMBLES May 11, 2012 The CEO of JP Morgan, Jamie Dimon, has long been known not only as America’s golden boy, but also
This post was just published on ZYX Buy Change Alert where Apple (AAPL) stock was recommended at $131 and is still being held. China News is reporting that Foxconn CEO has stated they are preparing for Apple (AAPL) TV. Both AAPL stock and NASDAQ are running on the report. What
This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits ob a 5% tranche on GLD right here at $154. Consider continuing to maintain the rest of the position short. Our models continue to show that gold may go lower in the medium-term. However in the short-term, gold is very
JP Morgan (JPM) recommendation is being withdrawn. JP Morgan reports unexpected big investment loss in the range of $800 million to $2 billion. JP Morgan’s CEO calls the loss egregious and self-inflicted. JP Morgan now sees more portfolio risk than they recently disclosed in their earnings call. This appears to be
This post was just published on ZYX Short Sell Change Alert. Consider taking profits and exiting the trade right here at $53.02. Another massive short squeeze seems to be underway.
This post was just published on ZYX Short Sell Change Alert. Gold just broke $1600 support and is now at $1596 as of this writing. Both gold and silver are very oversold in the very short-term. A bounce can happen any time. Next support is $1565 to $1575 on gold,