After a fairly good earnings release from Continetal Resources CLR this morning, the stock has gotten killed but is bouncing off the lows this afternoon. CLR gave positive comments about their Bakken Shale play
Tonight we get earnings reports from Buffalo Wild Wings ( BWLD )
BWLD is expected to earn .27 cents per share. BWLD has usually moved 5-10% on earnings.
Another stock to watch tonight 7/29/08 is Gmarket ( GMKT ).
GMKT is expected to earn .21 cents per share.
These two stocks will be very active tomorrow.
Oil is bouncing off the lows this afternoon....currently at $122.50....the USO just spiked $1 to $99.50...we will have to see where it closes!
Tuesday, July 29, 2008
New Technical Analysis Charts, Visa ( V ) Apple (AAPL) RIMM
This morning in premarket you will want to watch CLR as they reported some nice earnings. Earnings reports continue to come out...so far they are so so.
As for the Dow, I think we will retest the lows in the coming weeks just to see whats there. If we break the lows on a closing basis, look out below!
Here are some new technical analysis stock charts....I will continue to update my regular stock charts.
As for the Dow, I think we will retest the lows in the coming weeks just to see whats there. If we break the lows on a closing basis, look out below!
Here are some new technical analysis stock charts....I will continue to update my regular stock charts.
Monday, July 28, 2008
Sohu.com Earnings - Amgen - AMGN
This Monday morning we have great numbers out of Sohu.com. Expectations were for SOHU to come in with .66 EPS and SOHU came in with $1.02 or Non Gapp of $1.07. Just incredible numbers!.
Amgen AMGN will also be a big mover today as on Friday evening they released positive bone drug data.
For more on upcoming earnings....visit blackberrystocks.com
For the lastest company updates in relation to the haynesville shale....visit OilShaleGas.com
Amgen AMGN will also be a big mover today as on Friday evening they released positive bone drug data.
For more on upcoming earnings....visit blackberrystocks.com
For the lastest company updates in relation to the haynesville shale....visit OilShaleGas.com
Friday, July 25, 2008
XTO Energy XTO - John Najarian CNBC - Shale
John Najarian has come on CNBC this morning and states that yesterday XTO has seen very active call buying and institutional buying the last couple days.
He stated the last time XTO Energy was this low....crude oil was in the $70's. He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
He stated the last time XTO Energy was this low....crude oil was in the $70's. He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
EPCT - Epicept up 200% Pre Market Drug Approval
Today ECPT - Epicept is up over 200% on approval of Ceplene, one of their drugs.
Ceplene(R) Receives Positive European Opinion for Approval From CHMP
Marketing Authorization Normally Anticipated within 67 Days in the EU
Conference Call to be Held July 28 at 9:00 a.m. Eastern Time
EpiCept Corporation (Nasdaq and OMX Nordic Exchange: EPCT) announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMEA) has issued a positive opinion regarding the marketing authorization for Ceplene® (histamine dihydrochloride), for the remission maintenance and prevention of relapse in adult patients with Acute Myeloid Leukemia (AML) in first remission. Ceplene is to be administered in conjunction with low-dose interleukin-2 (IL-2). This positive opinion was issued following a request made by EpiCept to have the initial negative opinion of March 2008 re-examined by the CHMP. Ceplene has been designated as an orphan medicinal product, and as such is entitled to 10 years of marketing exclusivity in the EU
Ceplene(R) Receives Positive European Opinion for Approval From CHMP
Marketing Authorization Normally Anticipated within 67 Days in the EU
Conference Call to be Held July 28 at 9:00 a.m. Eastern Time
EpiCept Corporation (Nasdaq and OMX Nordic Exchange: EPCT) announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMEA) has issued a positive opinion regarding the marketing authorization for Ceplene® (histamine dihydrochloride), for the remission maintenance and prevention of relapse in adult patients with Acute Myeloid Leukemia (AML) in first remission. Ceplene is to be administered in conjunction with low-dose interleukin-2 (IL-2). This positive opinion was issued following a request made by EpiCept to have the initial negative opinion of March 2008 re-examined by the CHMP. Ceplene has been designated as an orphan medicinal product, and as such is entitled to 10 years of marketing exclusivity in the EU
Thursday, July 24, 2008
XTO Energy - Chesapeake Energy CHK Stocks
Ok, so yesterday I wrote about how I went long on CHK and XTO....turns out I was 24 hours to early on a 10 day bear raid. I managed to add to my positions this morning. I feel money will soon be rotating back into Oil and Natural Gas as markets do not go straight down without a bounce or at least a short covering rally. I'm not sure who was selling below $47 but that is incredible how these stocks got so low.
Someone could pay $55 a share for each company on a buyout and get exposure to all the major shale plays in the United States. For only 26 Billion each. This stocks to me are very undervalued now.
If you think Natural Gas prices are going to $6-7 then you probably don't want to buy these two stocks.
Someone could pay $55 a share for each company on a buyout and get exposure to all the major shale plays in the United States. For only 26 Billion each. This stocks to me are very undervalued now.
If you think Natural Gas prices are going to $6-7 then you probably don't want to buy these two stocks.
Wednesday, July 23, 2008
XTO Energy - Chesapeake Energy CHK
Went long on both stocks this morning.....target $55-$58 in the coming weeks....it all depends on Natural Gas right now...so I'm picking a short term bottom but it could fall further possibly to $9.
I will add on these two below $50 each.
I will add on these two below $50 each.
Earnings Tonight : Baidu BIDU, Amazon AMZN, CMG
Tonight is another action filled earnings lineup. Baidu.com, Amazon.com, and Chipotle Mexican Grill step up to the plate.
I will be watching Baidu.com the most as there is a report out today stating that Baidu has taken even more market share from Google in China. This would be huge. I will also be watching to see how Baidu Japan is doing.
Nutrisystem NTRI also reports earnings tonight....this could be a day traders delight!
I will be watching Baidu.com the most as there is a report out today stating that Baidu has taken even more market share from Google in China. This would be huge. I will also be watching to see how Baidu Japan is doing.
Nutrisystem NTRI also reports earnings tonight....this could be a day traders delight!
Tuesday, July 22, 2008
Wachovia Bank WB - Caterpillar CAT Earnings
This morning we have had a number of earnings reports come out.
Wachovia Bank WB: had a wider then expected loss and cut their dividend to 5Cents from 37 cents. WB is trading in pre market $12.10 down 7.5%
I will note this on Wachovia.....about a month ago the Fast Money Guys told viewers not to buy Wachovia Bank until they cut their dividend....and today they did just that. Guy Adami on Fast Money told viewers to wait until WB trader 125 million shares on a down day to get long. Today could be the day you may want to get long.
Caterpillar CAT: reported solid earnings this morning $1.74 per share vs $1.54....stock is up 3% in pre market.
Brocade BRCD is buying Foundry Networks FDRY
Tonight keep your eye in ISRG earnings.....that stock moves bigtime!
Apple AAPL is down 10.50% at $148.70......I'm looking for $145 or lower and then I think it would be an interesting buy. The problem I have is all the good news is out.....your going to have three months of people questioning earnings and Steve Jobs health...no new products....rebate checks are done for the most part. I am hesitant to buy here. Just my opinion!
Wachovia Bank WB: had a wider then expected loss and cut their dividend to 5Cents from 37 cents. WB is trading in pre market $12.10 down 7.5%
I will note this on Wachovia.....about a month ago the Fast Money Guys told viewers not to buy Wachovia Bank until they cut their dividend....and today they did just that. Guy Adami on Fast Money told viewers to wait until WB trader 125 million shares on a down day to get long. Today could be the day you may want to get long.
Caterpillar CAT: reported solid earnings this morning $1.74 per share vs $1.54....stock is up 3% in pre market.
Brocade BRCD is buying Foundry Networks FDRY
Tonight keep your eye in ISRG earnings.....that stock moves bigtime!
Apple AAPL is down 10.50% at $148.70......I'm looking for $145 or lower and then I think it would be an interesting buy. The problem I have is all the good news is out.....your going to have three months of people questioning earnings and Steve Jobs health...no new products....rebate checks are done for the most part. I am hesitant to buy here. Just my opinion!
Monday, July 21, 2008
Apple AAPL Earnings Steve Jobs
Where was Steve jobs on the Conference Call? Hes never really on a conference call....but an analyst asked if there was anything wrong with Steve Jobs health and the CFO said Steve Jobs health is a private matter.
A private matter? He is the face of the company.....he is the Warren Buffet of Apple.
Apple stock is plunging afterhours to $148. I have in my technical chart from the weekend that there is support at $145......but given the plunge....I'm waiting this one out!
A private matter? He is the face of the company.....he is the Warren Buffet of Apple.
Apple stock is plunging afterhours to $148. I have in my technical chart from the weekend that there is support at $145......but given the plunge....I'm waiting this one out!
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