ADDING TO GLD
February 15, 2012
Adding a 5% tranche to GLD at $168.33. Stop on this tranche is $169.26.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Adding a 5% tranche to GLD at $168.33. Stop on this tranche is $169.26.
In the world of information technology, the megatrend of cloud computing is in its infancy. Cloud computing entails providing software as service. Cloud computing stocks are very expensive, face stiff competition and are subject to rapid technological changes. However, these stocks are being taken over at a rapid clip. Oracle (ORCL) just announced that it will buy Taleo Corporation (TLEO). Taleo provides on-demand talent management software. The company is being bought by Oracle at Price/Sales(P/S) of about 6.3. Previously SAP (SAP) announced purchaseof SuccessFactors (SFSF) at P/S of about 11.5. Oracle and SAP are the two big software behemoths.
According to Walter Isaacson, Steve Jobs said, ‘œI will spend my last dying breath if I need to, and I will spend every penny of Apple‘s $40 billion in the bank, to right this wrong,’ It is old news that Apple (AAPL) has been fighting legal battles across the globe against Google (GOOG) Android vendors. (For background, please see Apple Wins Another Round Against Samsung Galaxy In Germany.) Now for the first time, Apple has fired at the heart of Google Android with its new lawsuit against Samsung filed in federal court in San Jose, Calif. It is the
Taking profits on 10% tranche on GLD right here at $166.95. This action is in response to CME reducing margin requirements on gold futures. This means that the momo crowd is going to be able to borrow more money to buy more gold.
Rare earth stocks such as Rare Element Resources REE, Molycorp MCP and Avalon Rare Metals AVL have been hot. Some bulls on these stocks have justified the valuation of some of the companies based on the estimates of rare earth deposits in their properties. In their zeal, bulls seem to have ignored how unreliable such estimates can be. And how rapidly prices can fall. Rare Element Resources has just filed a 10-Q with the Securities and Exchange Commission. The SEC requires companies to disclose in the filing all relevant information regarding their operations and finances. Buried in Rare Element Resources’
Yesterday a 5% GLD tranche was sold short at $170.05. Consider taking profit on this tranche before the market close today in the zone of $165 to $167. The reason the zone is so wide is because there is no way to predict what GLD will do going into the close. As of this writing GLD is at $166.85. Our stance on gold has not changed. This reduction in quantity is simply a risk control measure. After this exit 35% of the full core position size will be held.
There is a potential technological development that may change our stance on AAPL. When and if this development occurs, we will let you know. The purpose of this post is to provide you with background so that you can act with conviction is this development comes to pass. The key to consistently generating big profits in the markets is to be ahead of the crowd. Apple (AAPL) stock is no different. Apple has a long open runway of opportunities ahead, but it also faces significant risks. Astute investors should aggressively sell Apple at the first sight of any technological
A new nuclear power plant has just been approved for the first time since 1978. After the conclusion of the Nuclear Regulatory Commission’s (NRC) hearing on Southern Nuclear Operating Company’s (SNC) application for two Combined Licenses (COL) at the Vogtle site in Georgia, the NRC ruled that the staff’s review was adequate to make the necessary regulatory safety and environmental findings. This has cleared the way for the NRC’s Office of New Reactors to issue the COLs. SNC is owned by Southern Company (SO). According to a statement issued by the NRC, ‘œThe NRC’s Advisory Committee on Reactor Safeguards