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I would say you did very well with those buys in March!
lol, yeah that is a tough one, but someone has to do it.
Past a three year high today!!!
Broke thru the $20.55 resistance. Looking good!!
I like where it is going. I got some now!!!
EORZ I picked some more up
Today I am reminded of how much I hate this POS and all that were apart of this scam! I just want it off of my account.
Great informative response Low! Your willingness to help and educate is awesome. As my time is drawn away from watching stocks I am leaning more and more on Divy stocks. I need to play the dividend capture more often then I do thou.
Very much Appreciated
Days
CIM Looks like a nice flag forming, may keep an eye on it.
I am sure missing yesterdays volume. It doesn't even look like we will get 50% of yesterdays volume.
Days
2000 volume today, yahoo!!!
Bit Bank to MMJ stock LOL
EFFI reports in Feb that it has full Acquisition of Bit bank and now yesterday it announces it is in negotiations with Multiple Parties for Acquisitions in the Medicinal and Legalized Marijuana.
What a joke. I thought that lined up with what Low was saying earlier about joke companies jumping on the MMJ train.
Days
BDN- so to make a more true ascending triangle you need to go back to November which makes it more of a long term play instead of a short term trade pattern? If not then what makes it more of a long term play? I was thinking that was the case and since BDN is a REIT then it is more of an investment than a swing trade anyways but it always feels good to have an investment trade go up right when you invest.
thank you and as all ways it is greatly appreciated
Days
BDN - Low, I looked back through your notes and tried to calculate a target for BDN. I am figuring that it is a Ascending Triangle with a low of $12.95 and a top line of $14.52 so
12.95 - 14.52 = 1.57
14.52 + 1.57 = 16.09
How did I do? It had pretty good volume yesterday but didn't close real high yet it closed higher than 14.52.
thanks for you input
Days
back to .30. hope everyone got the cheap ones while they lasted!
Thanks for the alert Epic. I put a little play money on FITX and sold of a small profit today.
ARR- For whatever reason, Etrade has the low for the day on Oct 28 at $4.34 and close at $4.38 not $4.25 like stockcharts.com. Oh well :) thanks for your thoughts on it, much appreciated.
Days
ARR broke some resistance yesterday. It may try to close the gap from last Oct @ $4.40.
Days
BYSD may be trying to go for a second leg up.
I have FDA Charts on my Fav list just watching for some new post :)
I have FDA Charts on my Fav list just watching for some new post :)
I have FDA Charts on my Fav list just watching for some new post :)
I seen the gap below so I took my profits when they presented themselves to me. Now i will wait and see what it will do.
Thanks again for all that you do here!
Days
ABX is looking like it is going to close the gap, Finally.
ABX- Do you see a possible ascending triangle or it just a possible gap play?
They have been trying to clean up the mess that the management has made over the past year and things seem to be turning around.
I tried to post a stockchart.com chart of this but decided against that embarrassment lol
let me know what you think.
thank you as always
Days
Barrick Gold Could Be Worth $35
By Robert Baillieul - January 10, 2014 | See also: ABXABX
0
inShare
Watching the gold mining industry is like passing a car accident: you can’t help but peek at the wreckage.
Companies are shutting mines left and right. Sagging metal prices have erased billions of dollars in investor capital. And firms are issuing equity just to keep the lights on.
Without a rally in gold prices, the casualties are bound to mount in 2014. But for contrarians that are willing to run into a burning building, there might be some good deals to be picked out of the smouldering ashes.
Barrick Gold (TSX:ABX, NYSE:ABX) is one example. While the company has been plagued by massive writedowns and corporate governance problems, some investors believe the miner is ripped for a shakeup. This could unlock a lot of value for shareholders in the New Year.
The only gold miner to own now
Let’s not kid ourselves here. The fundamentals are Barrick are terrible.
In the past year the company has been forced to write off billions of dollars in assets, slash its dividend 75%, and lay off 30% of its corporate staff.
The company’s operations have been in shambles. Construction at Barrick’s flagship Pascua Lama mine, which straddles the border between Chile and Argentina, was suspended after long delays and going over budget. And billions of dollars in shareholder capital was flushed down the toilet during the firm’s disastrous attempt to expand into base metals.
To top it all off Barrick’s management team has been richy compensated for this poor performance. This was highlighted last year when incoming Chairman John Thornton was awarded a $17 million signing bonus.
Normally in a situation like this, I’d be running to the exit. But new developments at the troubled miner suggest that the company is changing its ways.
First, new Chief Executive Jamie Sokalsky has promised to cut costs and optimized the company’s portfolio. Last fall Barrick announced plans to sell, scrap, or curb production are its high cost mines. This should free up capital badly needed to pare down debt.
Barrick is also cleaning up its act in the boardroom. Founder and chairman Peter Munk, the quarterback behind the company’s disastrous expansion, plans to resign at the company’s annual shareholder meeting in the spring.
The firm has replaced several board members with new independent directors with actual mining experience. And Barrick has promised to review its compensation practices to better align them with the interests of shareholders.
This company is still a long way from winning back shareholder trust. But it’s a step in the right direction.
This stock could be worth $35
However, Barrick still has the potential to deliver plenty of more gains for shareholders.
In September Two Fish Asset Management, a small U.S. hedge fund, argued that the stock was trading at a discount to peers due to management’s poor capital allocation track record and the company’s conglomerate-like structure.
Fund director J.R. Sauder has been pushing management to spin-off its high-cost mines outside of North and South America, return more capital to shareholders, and refocus operations on a few high-quality properties. If such actions are taken, Mr. Sauder argues the stock could be worth as much as US$45 per share – versus US$19 at the time of this writing.
Of course, plunging metal prices means that those projections are likely optimistic today. However, in December Barron’s estimated the stock could be worth US$35 per share (subscription required) if such actions were taken at current commodity prices.
Foolish bottom line
Management appears to be trying to win back the favour of shareholders. If they deliver, a slimmed down Barrick could deliver serious gains for investors in the New Year.
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"Lowtrade at work" I really appreciate letting us see the steps you take to find stocks to put on your watch list. I am a visual learner and that was great to see and learn from. I hope you continue making them.
Thank you
CIM, yeah I have a problem with falling in love with goodies even thou they may not be the best op at the time. I would be interested in getting in another divvy for 2014 if you see one that stands out to you.
thank you for all that you do on this board. It is by far my favorite on my favorites tab. No hype and BS here from people trying to push there next 10 bagger at the exspense of others. lol
CIM made the $3.08 mark yesterday. lets see if it turns back around.
good call Low!
:)
WMIH moving up
WMIH moving up
Not much action here, is some expected soon?
I wish he would. I really learned a lot from his post.
Low, CIM Do you think it has seen its bottom yet?
FFN filled the gap it created this morning. time to go back up
Always enjoyed your post on charts. Glad to see you are starting to post your opion again :)
LT, CIM- it seems a sell off happens often on the day before the Ex-dividend day. When is the Ex-dividend share holders recorded? Is it a certain time the day before or are these people that sell the day before not getting a dividendand? I like getting my dividends but if I could have my cake and eat it to by selling and then buying back on the ex-dividend day and still get my divy then Ooolala
STLD- Met and pasted the target price of $5.75 from the chart on Jan. 4th. I still have some in this play. Do you see anything else to determine a new target?
thanks again for all you do LowTrade
Finally hit $3. lets get through now :)
News for 'STLD' - (DJ Steel Dynamics 4Q Profit Soars Absent Write-Down Pressure)
DOW JONES NEWSWIRES
Steel Dynamics Inc.'s (STLD) fourth-quarter profit more than tripled over a year-ago result plagued by write-downs, while the company predicted better performance from its flat-rolled operations in the current quarter.
Steel Dynamics's earnings have soared in recent quarters amid broadly higher selling prices, but the company last month issued a bleak outlook, noting weak demand for flat-rolled products and negative effects from a facility shutdown would continue to pressure earnings.
The steelmaker topped its previously bleak estimate by shipping more steel at higher prices.
"If the U.S. economy continues a pattern of slow and steady growth during the year, steel demand should logically follow, given the relatively low levels of inventory across the supply chain," President and Chief Executive Officer Mark Millett said.
For the fourth quarter, the company posted profit of $30.2 million, or 14 cents a share, up from $7.8 million, or 4 cents a share, a year earlier. Among other charges, a write-down related to losses in its Minnesota operations cut the profit by 5 cents, compared with 3 cents a year ago. Steel Dynamics's downbeat guidance last month called for a per-share profit between 8 cents and 12 cents.
Revenue rose 22% to $1.86 billion, falling just short of the $1.87 billion average estimate by analysts polled by Thomson Reuters.
Gross margin ticked downward to 8.6% from 8.7%.
External steel shipments rose 12% to 1.37 million tons. The average selling price per ton increased 13% to $853.
Earnings from flat-roll operations still declined 26% on lower selling prices in the first half of the quarter, though new orders and prices starting in the middle of the period should benefit the current-quarter results, the company said.
Shares closed at $15.46 Tuesday and were lightly traded after hours. The stock had declined 14% over the past year.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; andrew.fitzgerald@dowjones.com
(END) Dow Jones Newswires
January 24, 2012 18:27 ET (23:27 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.- - 06 27 PM EST 01-24-12