TAKING PARTIAL PROFITS ON PAN AMERICAN SILVER (PAAS)
September 12, 2011
Taking profits on a 5% tranche of Pan American Silver (PAAS)at $31.45.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Taking profits on a 5% tranche of Pan American Silver (PAAS)at $31.45.
Broadcom (BRCM) is acquiring NetLogic (NETL) for approximately $3.7 billion. NetLogic share holders will receive $50 per share. Broadcom expects the acquisition to be accretive by approximately $1.10. Broadcom also reaffirmed its business outlook for Q3. Those holding NetLogic may consider continuing to hold it until the acquisition closes. Broadcom is on our buy list and we will provide an actionable signal on the Real Time Feed of the ZYX Buy Change Alert when it is time to buy Broadcom.
We are taking partial profits on GLD right here $178.75 on a 5% tranche.
Added a 5% tranche to Deutsche Bank (DB) at $28.66. Deutsche Bank is perhaps the most hated bank in the world. From a sentiment point of view, when something is most hated, it is usually the time to buy. Based on our analysis, Deutsche Bank can easily handle a Greek sovereign default. At this price, a Greek default is more than priced in. However, if the contagion spreads and there are defaults in Portugal, Spain, Italy and Ireland, then this call will be wrong.
Change the stop on PowerShares QQQ (QQQ) to $53.08.
We are initiating a stop on the entire PowerShares QQQ (QQQ) postion at $53.17.