URGENT: HOLD OFF BUYING MORE NG
March 22, 2012
Please consider holding off buying more NG and canceling any pending limit orders. We will be back with more information.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Please consider holding off buying more NG and canceling any pending limit orders. We will be back with more information.
Novagold Resources (NG) is a gold producer. It has long been on our list to buy. Now the rumors are surfacing that the company is for sale. Starting a 10% tranche right here at $7.12. Buy zone on NG is $6.25 to $7.30, preferably closer to $7.00. Stop zone is $5. to $5.73 and target zone is $9.60 to $11.20. There is high risk to this trade, therefore we do not recommend buying more than a 10% tranche here. Consider adding a second 10% tranche around $6.80.
New subscribers — an opportunity to scale in a buy in HERO is now at hand. HERO provides shallow water drilling and marine services for oil and gas exploration. HERO announced the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling (DO). The purchase price is $40 million in cash. Ocean Columbia is a LeTourneau Class 82 SD-C self-elevating drilling rig registered and flagged in the Marshall Islands. Subject to customary closing conditions, the company expects the acquisition to close in May. Hercules Offshore also announced that it has entered into a
It is no secret that President Obama’s reelection hinges in part on gas prices in the United States. Republicans have made a point of emphasizing that Obama’s energy policy is part of the reason behind high gas prices. Republicans often cite the president’s decision not to allow the Keystone XL pipeline as evidence to support their argument. Now Saudi Arabia is coming to Barack Obama’s aid. The Saudi Council of Ministers, the cabinet, has declared that it wants to return oil prices to fair levels. Saudi Arabia has been emphasizing that it would like oil prices to return to $100.
Frank M. Fazio thinks that Siri is so bad that he has not only sued Apple(AAPL), he wants the suit to be a class action. The complaint, filed in the U.S. District Court of Northern California, states that the iPhone 4 S Siri feature does not perform as advertised. The complaint states, “Notwithstanding Apple’s extensive multi-million dollar advertising campaign showcasing the Siri feature and the fact that the iPhone 4 S is more expensive than the iPhone 4, the iPhone 4 S’s Siri feature does not perform as advertised, rendering the iPhone 4 S merely a more expensive iPhone 4.” The
ADBE reports earnings tomorrow after the close. ADBE has an inconsistent record of earnings. There is considerable risk of holding this stock through earnings. ZYX Change Method is focused on maximizing risk adjusted returns and not just absolute returns. It is time to take profit on another 10% tranche tomorrow before the close. On Friday the stock closed at $33.82. After this sale, only 10% of the full core position size will be held through the earnings. We will keep you advised after listening to the earnings conference call.
Since GPS has not filled, the open order is now being cancelled.
Thursday morning started with rampant rumors that Warren Buffett will invest in coal by orchestrating a Berkshire Hathaway buyout of an big coal miner. Friday the rumors picked up steam. It is no secret that coal is dirty and that generating electricity from coal causes pollution. It is also no secret that natural gas is a lot cleaner than coal. With such an abundance of natural gas in the United States, supply vastly exceeds demand and prices are cheap. In the United States power generation industry, the switching from coal to natural gas is in full swing and likely to accelerate over the coming years.