The last few days price action has been extremely positive in RAX and confirms to me the stock is headed higher. The recent selloff shook out any doubters and today's immediate rally above yesterday's high after the late day selloff is very bullish. Buy more!
If you followed my WFM update recommendation published hours before today's market open you bought @30.61 the open. It is time to add to positions. The stock is going to take out yesterday's high near 31.35 and the short's will be toast. 33.50 isclose at hand. Buy.
I actually have a short idea to balance all of the long recommendations I have published. The chart says to short JPM with short term downside targets of 58 and 54.
Two weeks ago at just about this price level I recommended going long WFM. It is time to double up on your long positions as WFM is now ready to fill the gap around 33.50 where it fell from on the bad earnings report. The shorts are about to get squeezed and WFM should reach 40 and maybe 45 before the end of the year. BUY.
Yesterday probably marked the lowpoint in RAX's pullback since it peaked over 31. The chart is telling me to expect this corrective phase to end by next Tues. at the latest. News could come at any time but the stock will probably move up ahead of any announcement. BUY!
Anyone who didn't pick up TWTR below 16 on my original recommendation, or last week at 18.85 on my follow-up, should enter here around 18.60 which is near the 200 day mvg avg. This is a low risk entry point for both short term traders and longer term investors. Buy.
The silence is deafening. I strongly believe we are within days of a deal for RAX. BUY. I think there are several tech companies that will be interested in acquiring them and that will mean a private equity firm will not be able to buy them at a low ball price.
We all look for instant gratification. The RAX negotiations seem frustraingly long, but I believe the reward will be worth the wait. As my earlier follow up to my original Buy recommendation said to aggressively buy below 30, I stress that below 28 the risk reward ratio becomes even more favorable. I still believe that a private equity deal would take place in the...
Last Friday I published a Follow-Up to my original Buy recommendation of TWTR. I recommended putting in GTC Buy orders @18.85. If you followed my recommendation you would have been filled this morning. TWTR is already showing nice strength in today's weak market. Sit back and have a relaxing beverage as you are now on board for a ride to at least the 28-30 area....
The day after the earnings miss I made my first post on this site. I recommended covering shorts and going long TWTR under 16 stating that this was the bottom that I had been waiting months for! Today I recommend putting in to buy TWTR @18.85 GTC for the next few trading days. Anyone who missed buying two weeks ago should try to enter there. If you did buy on my...
WFM has been building a base for almost a year. Last months earnings disappoinment provided a final gift entry point. In response to a post about WFM after that drop I responded that a little more backing and filling needed to be done but it would be a good long soon. Now is the time to enter Whole Foods for a move to 40 and eventually 45. Go long now.
US Dollar based investors should protect themselves from the wealth destruction that will be coming from a declining US dollar in the months and years ahead. Naturally, that should begin with actual physical holdings of gold & silver.(more about that at a future date.) Additionally, I recommend BUYING( FXC) the Canadian dollar currency shares trust etf this week...
My two previous recommendations have popped immediately. This small, thinly trade stock has more risk but more potential upside. Go long OCX right here near 4.
Last week I recommended going long RAX when it was below 24. The news of a private equity sale is what I was looking for. BUY aggressively below 30! They always pay less than a corporate buyer. Remeber Michael Dell? This will go for a minimum of 35. Probably more if a corporate buyer comes in!
After years of brutal competitive margin pressure, RAX has been transforming their business model. Believe the stock has bottomed and will begin to reflect slowly improving fundamentals. Either a multiple year turnaround story or maybe a strategic buyer comes along. Go long.
Yesterday's earnings selloff completes a bottom for TWTR. The gap has been filled below 16 and the stock will soon resume it's recent uptrend. Should cover any short positions and go long here below 16.