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Stock Market Closing Report - 12/8/20 December 8, 2020

Saturday, August 30, 2008

Dow Jones analysis 9/02/08 - Dow Jones Average Technical Analysis

The Dow Jones closed at 11,543.55 on 8/29/08. It was a very low volume day and all of last week was very low on the volume due to the late summer months when most people go on vacation. The Dow opened just below 11,700 and sank all day.

Key Factors: McCain selecting Sarah Palin as the VP candidate, Dell Earnings, Hurricane Gustav and the impact it may have.

Dow Jones Technical Analysis:

The Dow has made a pretty nice base for itself around the 11,400 area over the past several weeks. Looking at the Dow Chart, we need to continue to hold the 10 day moving average on a closing basis which is currently at 11453. A close below this and more selling pressure will arrive. Technicians use this moving average to gauge overall market strength for the short term. Technicians use the 50 and 200 day moving averages for the long term.

Dow Support and Resistance: The Dow has support at 11,453 and 11,390. Resistance is 11715 and 11867. When we clear this you will not want to be caught short. A big move higher could follow for the Dow.

For the week of 9/2/08 - 9/05/08.....look for some bigger volume and watch these important levels described above. The volume will really come back 9/08/08 and beyond.

Friday, August 29, 2008

BIDU - Baidu.com stock analysis 8/29/08 - BIDU technical analysis stock chart 8/29/08

BIDU has continued to report blow out earnings and the company expects baidu.jp to start recording revenue by the end of 2008. $300 is your major support level here...a close below this and I will be getting out and waiting. $330 is resistance from the high this week, followed by $343.97 and $353.37. Once $330 is closed above, I think $300 will hold going forward into the end of the year. Bidu has the potential to have a huge breakout period into 2009. Watch $330 and $300 closely!!

AAPL - Apple Stock Analysis 8/29/08 - AAPL technical analysis August 29th, 2008

Apple (AAPL) in the short term has support at $171.81 and the $170 level. What your really looking for is a close over two key resistance points of $180.45 and the $183 level....if these levels can be cleared....you could see $190's quickly as traders pile in on the long side. A close above $193 would start a new uptrend and new highs would be ahead. Pullbacks to the 200 day moving average should be bought!

Visa ( V ) Analysis 8/29/08 - Visa ( V ) Technical Analysis - Visa Stock 8/29/08

Visa ( V ) has been looking strong lately....it has closed above the 50 Day Moving Average for the first time since late June. Is the V downtrend over? I'd like to see a close above the two resistance points $76.53 and $78.79 before this is confirmed. If the downtrend is broken, you could see a run back to $85 very quickly, which there is MAJOR resistance. Pullbacks below $70 should now be bought, a close over $90 would be very bullish.

Things are looking up for the Visa ( V ) Stock Chart!

ABK, MBI analysis 8/29/08 - Ambac, MBIA support and resistance 8/28/08

ABK and MBI are looking a little weak in pre market today thanks to the lower futures by Dell Computer. Dell completely below it last night missing by .05 cents per share.

http://daytradingstockblog.blogspot.com/2008/08/abk-mbi-hot-stocks-82808-ambac-mbia.html

Ambac and MBIA went up 35-40% yesterday so some profit taking is expected.

Support and Resistance Levels ( ABK ) & ( MBI )

MBIA - MBI has support around $15.50 - $15.70 area.....a break below this with some volume and $15 would be tested and possibly $14.40's could be tested....this was a solid support level 8/28/08. A close below $14.40 and you will need to bail....this would be a breakdown of the 8/28/08 trading action. Resistance will be yesterdays high of $16.29 and the close of $16.15.

Ambac - ABK has minor support in the $7.10-$7.16 area, then support at around $6.90. Ambac went straight up yesterday from about $6.05 to $6.40....then paused for a half hour, followed by the explosion to $6.90. Resistance will be yesterdays high of $7.58 and the close of $7.42.

Hope this helps!!

http://blackberrystocks.com
http://oilshalegas.com

Thursday, August 28, 2008

ABK, MBI Hot Stocks 8/28/08 Ambac, MBIA August 28th

On August 15th, I wrote about Ambac ( ABK ) when it was in the $5's. I stated it has resistance in the low $8's and it looks like we could test that by next week.

Ambac ( ABK ) and MBIA ( MBI ) are surging today after MBIA To Reinsure $184B Of FGIC's Municipal Bonds.

MBIA Inc. (MBI) said Wednesday it will reinsure a $184 billion portfolio of U.S. public finance bonds insured by the troubled Financial Guaranty Insurance Co.
The Armonk, N.Y., bond insurer will pay a ceding fee of about $197 million and will receive about $741 million in unearned premiums for reinsuring the municipal bonds.
Premiums are booked over the length of an insurance policy's coverage period, so an insurer would have earned only 50% of the premiums paid on a one-year policy six months into that coverage period.
The deal resulted from a competitive process overseen by the New York State Insurance Department, which must approve the specific details.

MBIA is up 34% to $16.05
Ambac is up 37.5% to $7.21

Wednesday, August 27, 2008

( MA ) Mastercard 8/27/08 Analysis - MasterCard Technical Analysis August 2008

The following is technical analysis on Mastercard ( MA ) 8/27/08.

Mastercard MA chart looks really ugly...a close below $230 would be very bad...but there are signs that MA has found support in the $230-$240 level. A close above $250 is what you really want to see....this would get me to go long. A close over $250 and a test of $270 and $290 would be near. These will be two very tough resistance levels and you will want to sell into this.
If Mastercard closes below $221 at any point....$200 would porbably be tested....this should hold unless some REALLY bad news would be out on this stock....I just can't see that being broken. Mastercard is a great company.

PDO Technical Analysis - Pyramid Oil Stock Analysis 8/27/08

The following is technical stock analysis for Pyramid Oil Company ( PDO ) 8/27/08:

PDO reported great earnings two weeks ago....as a result, a big move higher. PDO seems to have found support around the $13 level so this should be bought. A close above $15.24 and PDO could really move higher if it gets volume. $16.59 is the 50 day moving average...that could have some minor resistance there. Keep an eye on Oil prices...this is a great way to play oil.

Pyramid Oil has delivered two straight blowout earnings quarters and PDO stock is on many day traders radars.

Durable Goods Orders ( July 2008 ) up 1.3%

Some good economic data coming out.....July 2008 Durable Goods orders were up 1.3% for the month.....up .70% when you strip out Transportation!

Market have spiked on this news......but keep an eye on Hurricane Gustav!

( POT ) Potash Technical Analysis 8/27/08 - Potash Analysis Chart

The following is technical analysis for Potash ( POT ) for 8/27/08.

Pot has topped out at $186.44 last week and now is trending just above the 10 day moving average. POT now has strong support at $170 which is the 200 day moving average. If this level is closed below....you could have another leg down. A close above $186.44 and POT will test $190 resistance.

$190 had been major support since mid April...although POT broke through this level several times, it never closed below $190 until early August...you see the end result...down to $157.........$190 will be strong resistance from here out. A close above $190 and POT can start to recover. Use a tight stop however!

Tuesday, August 26, 2008

( COIN ) Converted Organics - Breakout Stock 8/26/08 - Technical Analysis COIN

Today, Converted Organics ( COIN ) is breaking out to the upside. COIN has been all over the place over the past year hitting a high of $16.33. Today it opened at $3.64 and its hitting $4.20 on this news:

Converted Organics announced today that the Company will work with Gro Group Inc. as a manufacturing partner in 2009, supplying its organic granular fertilizer to seven of Gro Group Inc.’s major distributors, which collectively service up to 15,000 lawn and garden retailers throughout the United States. Converted Organics’ organic granular fertilizer is for use on lawns, turf, flowers and gardens.

COIN Technical Analysis: Coin is trending below the 50 day moving average at $4.94. A close over $5 would be very bullish and could test the following resistance points: $6.14, $6.79.

Support levels for COIN: $3.64 & $4.00

http://blackberrystocks.com/hotstocks.html

XTO Energy & CHK Chesapeake Energy 8/26/08 - Stock to Watch

Chesapeake Energy ( CHK ) and XTO Energy ( XTO ) are looking VERY strong today. These two stocks along with almost every other stock in the sector have gotten killed in the past two months.

I think if they both can close over $52...they are headed to the high $50's.

Keep an eye on this hurricane which is likely to enter the Gulf of Mexico over the weekend.

CHK and XTO Energy are both very active in the Haynesville Shale and Marcellus Shale plays.

http://oilshalegas.com

Bidu baidu.com Stock Analysis 8/26/08 - BIDU Technical Analysis August 26th, 2008

Last week I took a long position in BIDU at $304....also took a position in Google ( GOOG ) at $490. I have only taken half positions so far as with this crappy stock market, these can always go lower.

Baidu ( BIDU ) Technical Analysis:

On 8/25/08....BIDU shot into the $330's briefly in the morning before selling off the rest of the day. This is concerning if you are a trader of BIDU...as this could signal a short term top at $330. Last week BIDU held very strong in the $320's and could just be forming a base here. I would get long on a close above $330 if I were a trader or add to my long position. As for GOOG, go long on a close over $500.

Breakout Stocks - Hot Stocks 8/26/08 - August 26th, 2008 Stocks to Trade

Stocks to Watch 8/26/08 - These stocks are very active gainers in Pre Market today. Put these stocks on your watchlist to trade through out the day.

TMA
LCCI
CLNE
FNM
LCC
UAUA
FRE
UNG

Clean Energy ( CLNE ) Cramer Mad Money Nancy Pelosi 8/26/08

This morning Clean Energy Fuels ( CLNE ) is getting a nice bounce in pre market due to the 8/25/08 CNBC Mad Money show with Jim Cramer and Nancy Pelosi.

Turns out the speaker of the House of Representatives owns between $100,000 and $250,000 worth of stock in Clean Energy Fuels, a company that builds and runs natural-gas fueling stations for vehicles that run on compressed or liquefied natural gas.

T. Boone Pickens may be the largest shareholder of CLNE, but there’s probably nothing better than having the full confidence of Nancy Pelosi behind your company.
“It’s even better than Warren Buffett being a shareholder,” Cramer said, because Buffett doesn’t control the House of Representatives.”

CLNE Technical Analysis:

Looking at my charts.... I'm looking for a close over the following prices in order to cause a big breakout. $14.90, $15.47, $16.20, $16.84......once these levels are taken out, it will go to the next. After $16.84, you have a big gap to $19.60. Then you could test the all time high of $20.65.
If energy prices rise into 2009, CLNE could be a big gainer!

Visa ( V ): China Life ( LFC ) cuts stake by 50% - 8/26/08

China Life Insurance Co. (LFC) has slashed its holding in Visa Inc. (V) by half, the nation's largest life insurer by premiums said in its first-half report Tuesday.

The document, posted on the Hong Kong stock exchange Web site, showed China Life held 3 million Visa shares by the end of June, down from the 6 million it subscribed to when the credit-card company listed in March.

The document didn't disclose the gains the insurer made from the stake sale.
China Life bought US$260 million worth of Visa shares when the company raised nearly US$20 billion from the U.S.'s largest initial public offering in March.
Visa priced the 446.6 million IPO shares at US$44 each.

Elan ( ELN ) Biogen ( BIIB ) Tysabri Update - MS Drug 8/26/08

Last night, Biogen ( BIIB ) came out with an update regard the multiple sclerosis drug, Tysabri, which they are co developing with Elan ( ELN ) corporation.

The FDA is working with the companies to amend the product labeling to inform patients of the two cases. A company spokeswoman said the updated label will be based on the two cases, which the company had confirmed in late July.

The patients had been taking the drug, as a sole treatment for multiple sclerosis, for more than a year, according to an alert the FDA issued to health-care professionals that was posted on the agency's Web site Monday.

This is great news for both companies, I expect them to move high in the coming weeks and months. If the patients in Europe that has this brain disorder die however; it could have negative implications on the these two stocks.

Monday, August 25, 2008

CNBC - John Najarian on WFC Wells Fargo - USB US Bancorp, financial stocks 8/25/08

John Najarian was just on CNBC saying that he believes we are not out of this financial crisis and you want to buy the " good " banks on dips such as Wells Fargo ( WFC ) and US Bancorp ( USB ).

" Buy when their is blood on the Streets" Focus on the fact that these banks are on the low end of the downfall, and we are 9/10ths through this....once you start to seeing consolidation the up move will be big. John Najarian feels there will be 5-10 of these banks consolidated as this is your sign that the worst is over!

July 2008 Exisiting Home Sales up 3.1%

July Exisiting Home Sales up 3.1%

Inventories going up though....new condos and forclosures continue to rise.....Northeast is looking better though.

+3.1% July 2008 vs ( -2.8%) June 2008

CPSL China Precision Steel Stock Breaking Out 8/25/08

This morning, China Precision Steel ( CPSL ) is breaking out to the upside. CPSL stock is now up over 10% to $5.45.

The move started last week when this article was published.

CPSL Technical Analysis:

Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!

LDK Solar 2009 Revenue Guidance, Wafer Shipments 8/25/08 - LDK Solar Stock August 25th, 2008

This morning LDK solar is up 7% in pre market to $49 per share due to the company coming out and raising revenue guidance for 2009.

2009 Financial Outlook:

* Revenue: Between $2.8 billion and $3.0 billion
* Wafer shipments: Between 1.45 GW to 1.55 GW.

LDK Solar, a leading manufacturer of solar wafers, announced today that the company held a ceremony celebrating its wafer plant reaching the milestone of 1.0 GW annualized capacity. This event was hosted by Mr. Xiaofeng Peng, Founder, Chairman and CEO in Xinyu, China on August 23, 2008.

LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.

Dow Jones Technical Analysis 8/25/08 - Dow Jones Industrial Average Analysis August 25th, 2008

The last time I reported on the Dow we were around that key 11,400 level I talked about several times. Recently we have closed below and shot back up through this level. The low on the Dow last week was around 11,300 and I strongly believe this will hold. I am now looking for the Dow Jones to break an important resistance level of 11,698.

Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.

Friday, August 22, 2008

Drys Earnings - Dryships Earnings analysis 8/22/08

Dryships ( DRYS ) reported earnings 8/21/08 for the 2nd quarter ( Q2 ). This morning, August 22nd, 2008, Drys is headed lower in pre market trading.

Earnings Results for Dryships ( DRYS ):

-- The Company reported Net Income of $299.8 million or $7.10 per fully diluted share for the second quarter of 2008. Included in the second quarter results is a capital gain on the sale of three vessels of $135.8 million or $3.21 per fully diluted share and a non-cash gain of $12.2 million or $0.29 per fully diluted share associated with the valuation of interest rate swaps. Excluding these items Net Income would amount to $151.8 million or $3.60 per fully diluted share.

-- For the second quarter of 2008 the Company reported adjusted EBITDA(1), excluding vessel gains and a non-cash gain on interest rate swaps, of $199.2 million.

-- In July 2008 the Company declared its thirteenth consecutive quarterly cash dividend of $0.20 per common share.

Drys was expected to earn $4.56 per share....and they came in with $3.60 after all the gains from the sale of ships and pre tax gains.

This is very concerning....but the question you have to ask yourself, is the miss already priced into the stock? Last earnings report Drys ran over $100 and now its all the way back to $70.

Technicals: $66 must hold! Would go long on a close over $85

Pre Market Report: 8/22/08 Lehman LEH breaking out

This morning in pre market the financials are going to ge active to the upside.

Korea Development Bank Friday said it is considering a bid for Lehman Brothers Holdings Inc. (LEH), Reuters reported on its Web site, quoting a KBD spokesman. "We are studying a number of options and are open to all possibilities, which could include (buying) Lehman," a KDB spokesman said. Lehman couldn't be reached for comment.

LEH is up 14% in pre market to $15.65

Other hot stock in pre market include:

CSUN China Sunergy - Great earnings
ABK Ambac Financial

Thursday, August 21, 2008

Bidu - Baidu.com : I bought BIDU and GOOG 8/20

Yesterday I made some purchases......BIDU at $304 and GOOG at $490.......I took profits in the past two day in XTO, CHK, CLR. They will most likely continue going up with Oil but I wanted to regroup and take profits. If they dip at all, I will be back in!

I bought BIDU because the company is growing very fast and it continues to blowout quarterly earnings. Baidu revealed they are taking even more market share from competitors in China. Baidu.com only trades at 45 times 2009 earnings which is cheap compared to how fast it is growing. If you missed the Google ( GOOG ) IPO, here is your chance!

I bought GOOG because this is the time of the year you want to be in the stock. You accumulate in the summer sell in December. Google under $500 has always been a steal!

Keep in mind, I have taken half positions on both....if we get dips, I will continue to add.

These are my two stocks for the rest of the year....the Garmin had to go the second they said Nuvifone was delayed. I will look at Garmin ( GRMN ) again in the future.

CNBC Fast Money Recap 8/21/08 - Fast money Stock Picks August 21st, 2008 - Jeff Mackie, Guy Adami, Joe Terranova on Oil, John Najarian

During the Olympics, Fast Money does a half hour show on CNBC at 1:00pm est.

Fast Money Stock Picks 8/21/08

Jeff Mackie
USO: I wouldn't chase it here

Guy AdamiSLB: Take some money off the table....but I think it still has upside
US Steel X : This is sell the rally mode..you have to sell

Joe TerranovaOil: Speculators sold this market short under $120 and this is a short squeeze.
USO: I'm letting this ride...need to get above $122 for oil and the run continues.
US Steel X: It should be up, but its not...i'm thinking about selling it
FCX: I am playing copper with going long Freeport FCX

John Najarian
USO: I would be taking money off the table
XLY: We are short the XLY...this is shorting the consumer
Joy Global JOYG: We are long this stock
RIMM: Could be setting up to really break out here
Coal Stocks: UBS upgrading a lot of coal names today....MEE, BTU

Find out which companies are drilling the USA Natural Gas Shales: http://oilshalegas.com

8/21/08 Hot Stocks - CHK, XTO, CLR, PDO - Oil Natural Gas Stocks

Today Oil is surging near $120 a barrel yet again. This is due to the USA and Poland getting together for a missle defense deal. Targeted at the distubance in Russia, this has people worried, hence, driving up oil prices.

The Energy Sector is back in play.

XTO Energy ( XTO )
Pyramid Oil ( PDO )
Chesapeake Energy ( CHK )
Continental Resources ( CLR )

I you want to play oil, play these stocks for bigger gains

Wednesday, August 20, 2008

Fast Money Recap 8/20/08 - CNBC Fast Money Stock Picks August 20th, 2008 - Jeff Mackie, Guy Adami, Joe Terranova, John Najarian

Fast Money Stock Picks 8/20/08

Jeff Mackie
Target TGT:
I don't think you can buy this stock yet

Guy Adami
US Steel X:
I like this stock
Boyd Gaming BYD: They squeezed out the shorts and now its back down
Target TGT: I think you can buy Target here...cheaper then Wal Mart

Joe Terranova
Coal goes higher, natural gas goes lower
AAPL, RIMM: I'm long Apple and Research in Motion until the end of the year
.
John Najarian
BRCM, AAPL, NVDA:
These stocks are working, stick with them

Gene Munster: Apple AAPL: The valuation is still to low for Apple...new things coming in September with maybe Mac products. We count macs, iphones selling in stores and everything seems to be in line.s to be in line.

Dow Jones Technical Analysis 8/20/08 - Dow Jones Industrial Average Analysis August 20th, 2008

Yesterday ( 8/19 ) the DOW broke a key support of 11,400 on a closing basis. We will have to see what happens today ( 8/20 ). 11,400 on the DOW held several weeks ago and now has been violated. Look at the Dow Chart , It seems as though the next support levels are 11,200 and 11,125.

A break below these levels and we could go back to test the July 15th, 2008 lows of 10,827 on the Dow. Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.

For now you have to buy the dips and sell the rips....as we are still deep bear market. When we close above that 11,867 you might not want to sell the rips anymore but add on the dips. Closing above 11,867 level would be a nice trend reversal. and could be a signal that the July 15th lows are indeed the bottom.

Tuesday, August 19, 2008

Hot Stocks - 8/19/08 Biggest Stock Gainers - CLR, HYGS, PDO - Nasdaq, nyse

Todays Hot Stocks - Nasdaq, NYSE - Stock Gainers in the Stock Market

8/19/08 Biggest Gainers

NBF $.37 +23.33%
DNE $1.00 +17.65%
HYGS $1.34 +16.52%
GNLB $.50 +16.28%
PDO $13.75 +15.74%
THK $.50 +13.64%
EEE $1.82 +13.04%
NMGC $.39 +11.43%
WCG $42.28 +10.56%
CSUN $9.97 +10.17%
DSUP $2.53 +10.00%
GDP $51.05 +9.95%
CRK $60.15 +9.62%
CLR $47.55 +9.21%

See also

Top 2008 Stocks YTD

CNBC Fast Money Recap 8/19/08 August 19th - Lehman ( LEH ) Jeff Mackie, Pete Najarian, Joe Terranova, Karen Finnerman

Fast Money Stock Picks 8/19/08

Jeff Mackie

Financials: There is no reason to be long financials right now except for a trade
Leh Lehman: They will have to raise money again and its going to be bad for the stock
Oil: Just a bounce back rally today
Cosco: I took the opportunity to sell today

Joe Terranova

AIG - LEH: Today its AIG and Lehman causing problems....bought some AIG puts to protect myself
Oil: If oil trades below $100 opec will cut production
HD - Home Depot: A close below the below the 200 day moving average, you will want to get out of this stock

Zack Karabell

Lehman LEH: Lehman has problems today

Pete Najarian

LEH: Lehman is the story of the day...the stock has come from the $17's to the $13's. At some point its the right time to buy, but not right now.
AIG: Very high risk trade right nowOIH: If this stock goes below $180 keep an eye on it!

Karen Finnerman: I am focusing on the financials...FRE Freddie Mac raising capital today..very expensive paper! Credit spreads are widening...above the March highs and there isn't even panic. Looking to short more of the banks!

Apple ( AAPL ) Chart: Technical Analysis of Apple ( AAPL ) August 19th, 2008

This morning I have updated my Apple ( AAPL ) technical analysis stock chart. Apple has had a nice run....back up close to the resistance levels of $183. Apple ( AAPL ) has strong support at the 200 day moving average.

Pre Market Stocks to Watch - 8/19/08 August 19th, 2008 Stock Market

This morning we had some hot economic data which is causing the futures to slide a bit. Oil has retraced to about the $112 level. A break below $110 for Oil would be very bearish and you could see $105-$106 next.

Target (TGT ) has come out with better then expected earnings this morning but is trading lower with the market.

Wellcare Healthplans ( WCG ) has settled with Medicaid resulting in a 32.5 million dollar payment....WCG is up 18% in pre market trading. Keep an eye on this one.


Xinhua Finance Media ( XFML ) will be a very active stock today....the company is out with great earnings....up 22% with revenue being up 69%. The stock is trading up 14% in pre market.

Friday, August 15, 2008

Fast Money Recap 8/15/08 - CNBC Fast Money Stock Picks August 15th

Fast Money Stock Picks 8/15/08

Quint Tatro

Financials: Watch the financials as a que to where the market is going
Oil: I would not be touching Oil stocks right here....you have shorts who are piling on....you have longs who want to sell out of the first bounce

SSO, DDM: I'm long

Joe Terranova


Commodities: I don't think the rally is over
RIMM: I like RIMM, I am long this stock
Goldman Sachs GS: I am long Goldman....and I'm concerned about it...looks like its headed to $150

Pete Najarian


Warren Buffett: He doubled his position in Union Pacific...he doesn't below the story is over in the commodities.
NRG: Buffett bought this.....I'd wait for a dip though
Target TGT: Target looks better then Wal Mart WMT here
VMW VMWare: Options very active.....stock is jumping
Goldman Sachs GS: It was $180 on Monday....this pullback should have this stock on your focus list.

Tim Seymour


S&P 500: I think we are positioned to break through 1320
RTH: I would be shorting the RTH here
MBI ABK: I wouldn't touch these stocks on the equity side.


Dennis Gartman: Bad week to be a gold buyer.....technicals have been broken on the Euro......Europe is slowing down, USA is holding up, a lot of positions have to be unwound....some people aren't hedged long the dollar and they have to do this.
Gold or Oil? If I had to make a trade.....I'd say I thought Crude could go down to $85 per barrel. I am long wheat.....I don't like Ag Stocks right now....Buy wheat and sell Potash (
POT )

Lehman ( LEH ) Stock Alert - George Soros takes huge stake in LEH 8-15-08

George Soros, the billion dollar investor, reported yesterday upping his stake in Lehman Brothers ( ticker symbol - LEH ).

George Soros reported last quarter that he had 10,000 shares of Lehman. As of 8/15/08, George Soros now has just under 9.5 million shares of LEH. Big buying!

Lehman ( LEH ) stock is up 6% in pre market to $17.10.

This should give a nice boost to the financial sector!

Warren Buffet bought 3.24 million shares of NRG Energy.

Ambac ( ABK ) Pre Market Stock Breakout - 8/15/08 - ABK Analysis - Hot stocks August 15th

This morning in Pre Market trading we have Ambac ABK stock breaking out hard to the upside.

Ambac Financial Group today announced that Standard & Poor's Ratings Services (S&P) affirmed the 'AA' financial strength rating on Ambac Assurance Corporation (AAC) and removed it from CreditWatch Negative.

This is huge news for ABK.....I think this stock has much further up to go.

On August 6th I wrote about ABK after they released earnings and stated we had resistance at $5.60. Today on 8/15/08 we are hovering around this level in pre market. Keep an eye on this situation. If we get another close above this level we can test $6...and then $8.11 appears to be the next target.

Thursday, August 14, 2008

XTO Energy ( XTO ) CNBC John Najarian Opinion 8/13/08

I wrote about XTO Energy on July 25th, 2008. John Najarian came on CNBC in the morning talking about how big money was flowing into options by the way of calls.

On August 13th, 2008- John Najarian again mentioned this over the past two days XTO call buying was up huge.

Is it time to buy XTO Energy? If you think Oil is done going down, then Yes! XTO is a hyper stock mover and the stock moves a lot bigger then the commodity itself. This can set you up for huge gains if you are right! I would suggest scaling in over time.....buying little pieces here and there.

I thought Oil bottomed yesterday but today we plunged again but has come back to $115. The USO has been beaten up severely. Personally, I love XTO below the $44 mark. I will be buying heavily if XTO goes below this. I also like Chesapeake Energy CHK as well.

Fast Money Recap 8/14/08 - CNBC Fast Money Stock Picks

Fast Money Stock Picks 8/14/08 (1:00pm edition )

Jeff Mackie
Oil: Oil is trading like the trend is broken
Bulk Shipping Stocks: I have respect for these stocks because they are following through from yesertdays stock rally. DRYS especially
Target TGT: Target is rallying huge today....I think it is a sell here!
.
Guy Adami
USB:
Any pull back in this stock should be bought...they have done everything right!
GS: Don't bet against Goldman Sachs!
.
Quint Tatro
UYG: I like this stock
SMN: Keep an eyes on this stocks
.
Tim Seymour
Markets:
I am not buying this rally
UYG: I think you can take a shot on this stock
Oil Sector: Watch out for mergers and aquisitions!


John Najarian - take a look at Nvidia NVDA....surge in call buying...also surge in call buying with WPI

Technical Analysis: Visa ( V ) Ivanhoe Energy ( IVAN ) Stock Charts

This morning I updated my Visa ( V ), First Solar ( FSLR ), DryShips ( DRYS ), and Ivanhoe Energy ( IVAN ) technical analysis stock charts.

Visa ( V ) is one that really sticks out to me as this stock is getting ready to move hard one way or under. It has formed triangle pattern and is near the breaking point, either a break out or a break down. A close below $69 would be a break down....a close above $76.40 could start a nice breakout. Keep an eye on this stock!

The Haynesville Shale stocks have been hot over the past few days.....CHK and XTO. Keep an eye on these stocks as they have gotten slaughtered over the past month. If Nat gas and Oil move higher these will move even bigger.

Wednesday, August 13, 2008

DryShips ( DRYS ) - Baltic Shipping Index Turns Higher

For the first time in awhile, the Baltic Shipping Index has turned higher. This is making stocks like DryShips ( DRYS ), Excel Marinetime ( EXM ), TBSI International ( TBSI ), and Diana Shipping ( DSX ) to all move higher.

Out of all of these, I really like DryShips ( DRYS ). Now that the bottom has been established around $65 last week, I think it is set to move higher to test the $85 level. Drys hasn't closed over this level in awhile! I believe a close over $85 would start a nice uptrend and break out.

Trading Drys - While DRYS is $74 right now, I will be buying any dips under the $70 level. I think the trend is changing as we speak from downtrend to uptrend. Keep an eye on Drys and keep an eye on the baltic shipping index!

PDO Pyramid Oil reports Earnings - Stock Up 13% 8-13-08

Pyramid Oil ( PDO ) just came out with Earnings at 9am...just a few mintues ago here on 8-13-08.

Earnings again look incredible. Keep in mind during the quarter the company did a 5/4 stock split that is not accounted for on most stock charts.

Pyramid Oil PDO earned .24 cents per share vs .10 a year ago or 154% increase....revenue was 2.1 million vs 1.1 a year ago.

Last quarter PDO earned .22 cents per share vs .02 a year ago! ( these are numbers pre split, keep this in mind! )

Technical Analysis: PDO has resistance at $13...a close over this level would be very bullish....strong support at $9

Highlights:

Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.

John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."

Potash ( POT ) stock ready for a bounce? POT Technical Analysis 8-13-08

Last week I wrote about Potash when it was on the verge of breaking that key support level of $190. POT has wrestled with that level many times over the past few months and when the stock finally closed below this level, all hell broke loose! Potash and all the AG stock were beaten down with the rest of the commodities stocks.

So what now? Well, Potash has some major ground to gain back before it can be a stable stock again. This breakdown in Potash shares was the first MAJOR breakdown in a few years. The stock is damaged big time. But are investors missing something? Are they missing the fact the demand for Potash as a product remains strong? Are investors missing that POT stock trades at only 7.8 times 2009 earnings?

Looking at my POT technical analysis stock chart, we have that support now at $157 which will be very crucial. $175 is also your line of resistance as this was the low a few months ago before it ran to $240. If Potash can close above $175 & $190 it will be back! Until then, buy the dips and sell the rips!

Tuesday, August 12, 2008

Fuel Systems Solutions ( FSYS ) Stock is Hot!!

Many of you have never heard of Fuel Systems Solutions ticker symbol FSYS. Fuel Systems is only up 299% in 2008! I have been following this stock for several months now and last week it really broke out big time! Why has FSYS broken out into a huge explosive uptrend? Earnings!

What does Fuel Systems Solutions ( FSYS ) do?

Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of gaseous fuel components, such as fuel delivery pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines. It also provides systems integration support to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; various ancillary components for systems operation on alternative fuels; and engineering and systems integration services. The company supplies its products and systems primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is headquartered in Santa Ana, California

Have you been hearing the news from the Chesapeake Energy CEO ( Top company in the Haynesville Shale ) going to Washington D.C to convince congress to start switching to Natural Gas as transportation fuel? It is coming folks...maybe in 3-5 years. Europe already has natural gas cars. Fuel System Solutions ( FSYS ) is set to profit big time from this trend. This could be the wave of the future for automobiles.

Earnings:

FSYS reported earnings of .29 cents per share vs a year ago only earning .03 cents per share. Revenue went up 50% to 98.3 million. The Market cap of FSYS is only 885 Million.

Keep a close eye on this company.....it could be huge in the coming years!

Friday, August 8, 2008

Google ( GOOG ) Why I bought Google - Should you Buy GOOG?

I have been buying Google over the past few weeks here....accumulating a position while I can still buy it under $500. I think once the technology sector turns ( and it could be soon ) higher this could be the last time you will ever see Google below $500 again.

Why?

Well first things first, the Gphone Anroid platform will be coming out this fall...that should be a plus.

Second, 2nd quarter earnings for Google are usually slow.....this 3rd quarter I think will be a blowout. Remember Q1 earnings? GOOG reported a blowout quarter...the stock went from $460 to $600....they miss in Q2 slightly and its all the way back to where it started? Are you kidding?

Third, YouTube is starting to make money.....when they get that together...lookout! We will eventually have a YouTube cable channel with ads flashing silently on your TV screen. Oh, did we forget about Doubleclick already? This is a huge growth opportunity.

Google will continue to growth each and every year. Google is expected to earn $19.69 per share this year...I think it will be over $20. For 2009, Google is expected to earn $24.50.

With 13 billion in the bank, and sporting a PEG ratio of .82 ( Yahoo has a PEG of 2.44...how crazy is that! ) I think Google is very cheap here. To me the Google's downside is very limited!

Thursday, August 7, 2008

Moody's might cut American Express AXP rating

CNBC is reporting that Moody's might end up cuting the rating of American Express ( AXP )....this news has caused the Dow to decline even more here in the last hour. Mastercard ( MA ) and Visa ( V ) are also sinking with this news.

Something to keep an eye on also....Oil - There is a pipeline in Turkey that has gone down which transports 1 million barrels per day. When the news hit early this morning Oil prices took off up $3 at one point....they have since come back down. This pipeline is due back up in 2 weeks.

Natural Gas is plunging yet again after going above $9 this morning. One of these day Nat Gas will be up huge.

Tonight I will be watching Jones Soda ( JSDA ) earnings. I know the stock is only $2.50 but I happen to believe in the brand and I think once they get things in order...this stock can go to $10-$15 per share. I assess this company quarter to quarter and I will be getting back in one of these days.

Wednesday, August 6, 2008

True Religion ( TRLG ) Earnings Afterhours 8-06-08

True Religion ( TRLG) is up big time afterhours tonight. The company has released better then expected earnings and upped guidance.


--Record Breaking Q2 08 Net Sales of $64.2 Million, an Increase of 78.9% from $35.9 Million in Q2 07--
--Increases High-End of Net Sales Guidance by $22 Million to $247 Million from $225 Million and High-End of EPS Guidance by $0.09 to $1.65 from $1.56--
--Q2 08 Gross Profit Increased 79.6% to $36.9 Million from $20.5 Million in Q2 07--
--Q2 08 Operating Income Grew 83.0% to $15.4 Million from $8.4 Million in Q2 07--
--Q2 08 Net Income Grew 86.0% to $9.3 Million from $5.0 Million in Q2 07--
--Q2 08 Diluted EPS Reaches $0.39 vs. $0.21 in Q2 07--

TRLG will be a hot stock tomorrow 8/07/08

Ambac ( ABK ) - Elan ( ELN ) Stock Market 8-06-08

This morning we have great earnings coming out of Ambac ( ABK ). This stock is trading over $5 so far in pre market. Ambac's ( ABK ) second-quarter earnings rose sharply, helped by valuation gains on credit derivatives. The New York-based company said net income rose to $823.1 million, or $2.80 a share, from $173 million, or $1.67 a share, a year earlier.

Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.

Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers

Check out the rest of the earnings this week at http://blackberrystocks.com

Tuesday, August 5, 2008

Potash ( POT ) Technical Analysis Stock Chart 8-06-08

Tonight I annotated a new technical analysis stock chart of Potash ( POT ).

Since I last wrote....POT did indeed break its $190 support level and then went on to break its next support level at $175.....this was a vicious down move! POT hasn't seen this bad of breakdown since it first started breaking out years ago.

All commodity related stocks are down huge over the past several weeks! The uptrend in these AG stocks couldn't last forever. Despite these agriculture stocks being cheap on a 2009 basis, the big money seems to be rotating out of commodities and into financials. But how long will this last? Probably not long. Global growth is still strong....

Some great stocks to buy on this huge pullback are:

Freeport McMoran ( FCX )
US Steel (X )
Potash ( POT )
Mosaic ( MOS )
United States Oil Fund (USO )

Elan ( ELN ) Stock Alert - Up in Pre Market Again

This morning is the second straight day Elan Corp ( ELN ) is up in pre market. It finally seems like it has bottomed out. This is a risky stock but the potential here is huge if they can just make Tysabri safe. You could be looking at a $25 stock in a year if everything goes right.



If you are day trading ELN.....these is strong resistance at the $12 range.....a break above this level would cause a nice spike intraday. A close above $12 and you could see a move toward $15 this month I think. Just keep an eye on the news wire!



Check out this week Earnings Calendar & The Top 2008 Stock Gainers

Sirius ( SIRI ) Stock up Pre Market - Mel is buying

Sirius Sattelitte Radio ( SIRI ) is up big this morning to $1.51 after the CEO Mel Karmazin bought 1 Million shares August 4th, 2008 at $1.37 per share. Mell now has a total of 8.5 million shares of SIRI.

Keep in mind, there are 1.5 billion shares outstanding so while this is positive.....3 million dollars is nothing to Mel.

I personally think he hasn't done a good job....ever since he has come, the stock price has sunk....he has been promising cash flow positive, this and that, but the stock has sunk from $9 to almost $1. Imagine Apple going from $180 down to $20.....would you still think Steve Jobs did a good job at Apple ( AAPL )?

Monday, August 4, 2008

Potash ( POT ) Stock Alert - Breaking down 8/04/08

Potash is testing that $190 level again after topping out a month ago in the $240's. If Potash closes below this level....look out below! Check out my Technical Analysis of Potash!

Six Flags ( SIX ) stock up in Pre Market Trading

This morning Six Flags ( SIX ) has released earnings which appear to be better then expected. SIX is soaring up 26% to $1.41 in pre market action

Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million

Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.

Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.

Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.

Meredith Whitney on CNBC 8/04/08 ( C ) ( WB )

This morning Meredith Whitney was on CNBC talking about the credit crisis and the banks. She says that we are a little over half way out of this mess and that the banks stocks which are up 70-80% off there lows should go back and retest. She makes a point that the consumer will be even more dampened in the months and year to come as credit card lines will tighten even more.

Those of you that don't know about Meredith Whitney, she was one of the first to call the Citigroup downturn when everyone was laughing at her. A few months ago she downgraded Wachovia Bank ( WB ). Meredith still thinks that Citigroup must cut their dividend because they are raising so much capital....why would they pay out to investors when they are raising capital? It doesn't make sense.

Meredith Whitney does not think the worst is over. She will be on the cover of Forbes Magazine either this month or next...

Pre Market Stock Action 8-04-08 ELN

This morning we don't really have anything exciting going on.....the markets are down slightly.

The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.

Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.

Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!

Friday, August 1, 2008

Jobs Report

We lost 51,000 jobs, unemoloyment rate is now 5.7

This was better then expected on the jobs front
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