I was totally unaware of the ongoing battle between the bulls and shortsellers in RH until I read this week's Barrons. After checking out the chart and looking at valuation there is no overwhelming case to say the stock is either extremely over or undervalued. However, the chart seems to be saying that the short squeeze that took place over the last few months, is...
Usually, I don't like to chase a stock after an upside breakout. I wait for pullbacks, especially when gaps were formed. However NPTN is such a compelling value, deeply undervalued and only just starting it's expected run. Buy aggressively under 10, since 15-21 is the ultimate destination.
I recently posted about the tight chart of OCX and that it usually proceeds a big move. What I forgot to include in my post( I appologize) is that usually you get a false move fakeout before the real explosive move in the opposite direction. Well, we got the quick fakeout down to the small gap @5.55. Now, it is time for the big upside explosion. BUY.
Check out the chart of OCX. It has been in a very long, tight, quiet pattern for weeks. These quiet, tight patterns usually lead to major moves. In OCX case I again expect that major move to be to the Upside. BUY aggressively!
On March 16 I said to sell and short IBM with a target of 155. Today it is likely to trade below 155. Cover your short position and you can nibble on a new long position below 155. I want to see how the chart develops but don't see a lot more downside with a 4% yield.(What is Warren thinking?)
NPTN is extremely under valued, trading at Less than 1x Sales. I expect it to be bought between 15-21. BUY today before tomorrow's earnings release.
Looking at what gold and silver have been doing lately would probably leave most bearish on the sector or at least depressed. On the contrary, the set-up is near perfect. One of my favorites is repeating the pattern it displayed before nearly trippling over seven months. It is almost time!
Below 8 NPTN is at a low risk entry point. I expect multiple suitors with an eventual takeout price around 21. BUY overweight position.
Right now BUY UVXY. For short term traders you won't get a better opportunity. For holders of equities to hedge your portfolio you won't get a better opportunity.(long UVXY means short the market)
I am strongly recommending NTNX as a BUY. The stock went public in late Sept. @16. Traded up to 46 in two days and came back down for the last six months. I am sure that many insiders covered by the lock-up would have locked in their large profits by shorting against the box and using option strategies. Those hedges should have now come off and the stock is ready...
Here is a perfect company for Warren Buffett's Berkshire to acquire. Trading for less than 50% of sales. Entrenched in most major auto manufacturers and possible takeover by Apple or Amazon or Alphabet if they want to be players in autonomous autos. MGA should be bought today or tomorrow around 43. Chart says tomorrow and this price area is a great low risk entry...
I have been bullish on IBM for more than a year. However, the chart says it is time for a timeout at a minimum. The chart shows a top and a downside correction target of 155. I will reevaluate if & when it gets there.SELL.
While I strongly believe everyone should have a core, precious metal position in physical silver to hold long term as an investment, I love GPL as my trading vehicle. It not only shows exceptional relative strength, it leads the metals and mining stocks and has acted great, whenever I have recommended it. Buy now under 1.80.
I got the IGT recommendation WRONG. Will have to wait for the chart to repair itself. Mea culpa.
IGT the world leader in gaming, reports earnings BEFORE tomorrow's open in NY. I have recommended before around 25-26 for long term. Take a spin for possible rip. Intermediate target 35. BUY
All three recommended precious metal stocks have bottomed and showing upside leadership. CEF,NEM,GPL are ready to rip. The metals are just starting to turn and are now ready to rip.
Today should mark the effective bottom for Gold & Silver. My chart counts pointed to today. Yesterday NEM finally filled the gap@33 and it is showing relative strength today.I first recommended GPL back in December the week before Christmas around 1.40. It went to 2.28 and is now around 1.70.BUY GPL, NEM & CEF.
Finally, as long predicted and reiterated last week, NEM today filled the gap@33. You should have had GTC buy orders in for NEM@33. Both NEM and CEF here@12.40 are MAJOR core long positions for the long haul. GOLD & SILVER are at the inflection point. Be long and prosper.