SHORT SELLING SILVER $SLV
March 8, 2013
This post was just published on ZYX Short Sell Change Alert. Consider starting a 10% tranche on SLV right here around $27.85. Futures EQ is $28.73. Caution: please keep quantities small.
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This post was just published on ZYX Short Sell Change Alert. Consider starting a 10% tranche on SLV right here around $27.85. Futures EQ is $28.73. Caution: please keep quantities small.
This post was just published on ZYX Short Change Alert. P earnings were a little worse than expectations. Projections are worse than expectations however a massive short squeeze is taking place. Consider adding a 10% tranche or initiating a 20% tranche in the zone of $13.80 to $14.73. The stock is at $14.00 as of this writing. Caution please do not exceed recommended quantities as the short squeeze may carry the stock higher.
On Wednesday, I received numerous emails from investors who are mostly in cash wanting to know what to do now. It appears that the floodgates for such emails opened when the Dow Jones Industrial Average hit a new high. A typical email also contains links to contradictory pronouncements from gurus, with some saying it is time to buy, while others say this market has come too far too fast, so stay out. No wonder investors who have been cautious all these years have trouble deciding what actions should be taken now. I recommend that investors who are mostly in cash
The market is very overbought and approaching heavy resistance zone of $154.70 to $157. Adding a 10% tranche short to the SPY position right here at $154.79.
Since I often take the minority view, I am used to receiving lots of hate mail. Regarding Apple, the hate mail I receive usually spikes when I write that Apple is overly dependent on subsidies from phone carriers or when I write that my research shows Apple is facing headwinds with less affluent consumers. Of course, I also receive some intelligent and insightful emails, but these dwarf the hate mail. Here is some more hard data to support the thesis that Apple faces challenges on the low-end and that carrier subsidies are its Achilles’ heel. Leap Wireless through its subsidiary
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) DOLLAR STRENGTHENS IN PERVERSE MARKET ACTION, GOLD VOLATILE March 1, 2013 Today is the day that sequestration sets in. Many had expected the dollar to fall, but in a perverse action the dollar is strengthening. Earlier today euro briefly broke 1.30 but as of this writing has bounced back to 1.3007. Usually there is an inverse relationship between the dollar and gold. In other words, when the dollar goes up, gold goes down. Earlier in
As BlackBerry attempts to stage a comeback with BB 10, one aspect of its sales pitch is that BlackBerry is famous for its security characteristics. Now BlackBerry is losing its security aura. The timing could not be worse for BlackBerry of a security warning coming from Canada. Canada.com reports that the government department in charge of cyber security has issued a warning “to think twice before sending a BlackBerry message.” The warning is contained in a memo received by Postmedia News using the access to information act from Public Safety Canada. Public Safety Canada is a department of the Canadian government somewhat similar to the U. S. Department of Homeland Security. One
This post was just published on ZYX Short Change Alert. SPY is very overbought, but still has the potential to run to $155. It is at $152.10 as of this writing. Currently 25% of the full core position size is being held. What To Do Now? Those in the position may continue to hold and consider adding in 10% increments in the zone of $153.30 to $155 but not to exceed 55% of the full core position size Those not in the position may consider starting a 10% tranche right here and continue to slowly build up to 55% of the full core