A Superb 2007 Will Better 2006 in Stocks, and We Get Ready to Enter Natural Gas
Email – #70
Dear Reader,
Neither the Thai baht disarray, an unfriendly Producer Price Index (PPI), nor the slight unfriendly revisions to 3rd quarter GDP (down from 2.2% to 2.0% GDP growth and up from 2.8% core inflation to 2.9%) could throw the market down.
We are in a soft landing in the U.S., while the rest of [...]
Our Silicon Image and Cameco Plays Are Validated
Email – #69
Dear Reader,
Yesterday, the Fed did what was widely expected of them: They kept interest rates unchanged, and mentioned the weakness in the housing market, hinting that at some future point an easing is in the cards. However, they remained vigilant on inflation, given the “uncomfortable” level of current core inflation levels.
Clearly, unless a [...]
Time to Sell EWM and PTR
Email – #18
Dear Reader,
Key technical levels were reached in the iShares MSCI Malaysia Index Fund (AMEX:EWM) and Petrochina (NYSE:PTR).
While we are bullish longer term in both, the recent failure to breach technical resistance leads us to book our close for 20% profits in each of them.
We will reenter these stocks at a later date.
Action to [...]
The Rally Runs Unabated… Energy Going Strong
Email – #68
Dear Reader,
We had a great run with our positions lately. Aided by the run in the Dow, a weaker U.S. Dollar, and gains in oil and gas prices, Peabody Energy (NYSE:BTU) and Cameco (NYSE:CCJ) are starting their comeback from extremely undervalued levels. We are well positioned in energy going into OPEC’s meeting next [...]
China Life and China Mobile Close… Malaysia Up 20%
Email – #16
Dear Reader,
There has been some mild profit-taking in some Chinese stocks after the superb run they’ve had. But these should prove to be good buying opportunities.
Actually, Citigroup just downgraded China Life (NYSE:LFC)to a sell a couple of days ago. It gapped down roughly 2% the next day, only to be entirely reversed the [...]
Recommendation: Sell Tenaris
Email – #67
Dear Reader,
We have hit key technical levels in Tenaris (NYSE:TS), so let’s move to lock in our 93.5% gains today. We will reenter at a later date.
Recommendation: Sell your shares in Tenaris (NYSE:TS) at market.
Enjoy and Profit,
Horacio Marquez
