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!
Monday, August 25, 2008
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
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!
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.
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.
Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
Subscribe to:
Posts (Atom)
