TAKING PARTIAL PROFITS ON PAN AMERICAN SILVER (PAAS)
September 15, 2011
We are taking partial profits on a 5% tranche of Pan American Silver (PAAS) at $31.82.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
We are taking partial profits on a 5% tranche of Pan American Silver (PAAS) at $31.82.
We are taking profits and exiting the Deutsche Bank (DB) position right here at $36.20. We had not intended to exit Deutsche Bank position so quickly, but since we were fortunate to garner a large profit in a very short time, in this market environment it is prudent to book profits.
A careful analysis of the earnings report of Best Buy (BBY) shows that the business Best Buy may be losing to online competitors is less than some reports by analysts. An encouraging statistic in the Best Buy report is that 40% of leases expire in the next 5 years. This provides Best Buy with the opportunity to close stores and focus more on its online business.
Best Buy (BBY) reported earnings this morning. Both earnings and projections for Best Buy were only slightly below consensus. Best Buy’s stock has taken a major hit primarily because of negative commentary by the analysts. ‘Best Buy has become a show room for Amazon (AMZN),’ has become the most often repeated phrase. Anyone contemplating short selling this stock should think twice because the short interest stands at 12.5% of Best Buy float. Potential for a short squeeze is high. If and when six screens of the ZYX Change Method are satisfied, we will issue a
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.