Watch for Gay Giraffes!
______________________________________
As you know, I’ve been trimming the positions recently, despite taking an initial 2k share position in Central European Distribution [[CEDC]] today at $38.62 as announced on The PPT.  I also took the opportunity this afternoon to trim half of my Cree, Inc. [[CREE]] position in the high $79.20’s and 2k shares of Veeco Instruments Inc. [[VECO]] at $46.78.

On the PM side, I also dumped another 2k shares of [[CDE]] at $17.12 and 2k shares of Allied Nevada Gold Corp. [[ANV]] at $16.95. Do not fret, these are just minor sales in anticipation of a pullback.

I think we’re in for at least a brief pullback and I’ve been looking for some easy fat, sloppy targets that offer some bang for the buck, all giraffe puns excepted. I think I’ve found one in our old furry booted friend Deckers Outdoor Corporation [[DECK]] . 

“Lookee Here” as some apish Yankees would say:

 

We’ve all made some money on shorting Deckers Outdoor Corporation [[DECK]] in the past, let’s do it again, for auld (sic) times sake.

Best to you all.

____________________________

Comments »

________________________________

Glory Be! The Greeks have been saved with promises of free money from Eurotardish German bankers bearing multicolored sheafs of kroner, guilder, drachma and Japanese bearer bonds.   Let’s get drunk on Grappa, Stroppa and Babaganoosh, and dance the hairy mazurka with dark eyed beauties until dawn. 

That means all of my gold and silver picks are going to go skyward, at least temporarily, as the dollar is shrinking back to it’s old status as the emaciated mummy of the sovereign currency world.   I will have some junior players to look at for at least a short term pop below, but first, let’s talk about what the strong Euro will do to drunken Eastern Europeans.

For one thing, I think it will get Eastern European “wodka” distributors Central European Distribution [[CEDC]] moving even further than this pop last Friday showed:

I’m not going to post the daily, but set it for one year and look at that saucer breakout if you want to see something appetizing.   I think the $43 short term gap fill is a nice target, but I think this baby is going back north to its old highs just as sure as they crave fermented potato juice in Minsk.   Grab and hold.

I’ve been away a couple of days, the precious is going to go cardiac and I owe you, so here’s a couple of small-cappers that I think will move something nice this week.   First the gold play, then the silver.  

The gold junior is [[BAA]] which has been a laggard, but I think “not for long.”  Here’s the play:

Yep, that’s the “turtlehead” above the long term downtrend that I look for.   Check the daily now to see “whut-whut” on that downtrend break:

Yeah, that’s a turn for the better.  The same can be said, I think,  for my little silver friend [[EXK]] which I think is ready to really get with the rest of the beautiful silver peoples:

That’s a long termer, in my humble, but you can see where the short term targets will live while the dollar drops.  Keep an eye on [[UUP]] as your guide, but you should get at least a couple of days of dip out of all the Euroshort trading.

Poor bastids.

Best to you all.

__________________________________________

Comments »

 

_________________________
LED companies are breaking ursine snouts like Ranger Smith on a moonshine-induced weekend violence binge down at Jellystone Park.  PowerSecure International, Inc. [[POWR]] is another play that looks to be breaking out in sympathy.  The company is actually a mini-conglomerate focused on industrial stand alone power generation, but they had already been “dipping their beak” in the LED space for a bit before making this acquisition the other day.

As you can see, they are purchasing an engineering firm that works with a lot of the Cree, Inc. [[CREE]] technology from up the road in the Triangle Region of No’th Ca’lina.   I don’t know how much of the move this week is due to that Cree, Inc. [[CREE]] link, but it seems certain that this news is not hurting our acquiror, whose main business in providing emergency back-up power to stand alone facilities like supermarkets and hospitals.  

Personally, I think this stock was somewhat beaten down and the LED angle is just an excuse for it to head back to previous levels.   As you can see, this triangle breakout on the weekly shows that it’s headed in that direction:

 

You can see my targets above, but I might want to wait a second before jumping in here, after the massive two day move we’ve had.   Just as an aside, I gave this pick to the gentlemen of The PPT last night.    If you were non-pikerish, you could have hopped on this 10% ago.   Think about it, Mr. Pennywise-Poundfoolish.

Best to you all.

PS — I see the [[HUI]] topping at $475, at least temporarily, before making a run for the old highs at $517 or so.

_________________________________

Comments »

 

________________________________________

Ha ha, just like my annual [[PAAS]] Easter Egg coloring pun pick, I feel the need to get that header in there every once in a while, just so I can feel young again.

I thank you for that indulgence, M. Le Fronteer Development Group Inc. (USA) [[FRG]] , you little power house uranium-gold junior, you.

Not since those halcyon days of  “Skiffles” [[SKF]] has there been a stock that moves so nicely whilst also providing ample punning opportunity.  What more can a semi-serious blogger require, I ask you?

And you likely remember this chart from the last time… we’ve finally cleared that consolidation area, and are seeking to secure radioactive gold gains (gold mixed w. uranium makes for the most posh nuclear weapons) with these targets:

I would like a short golf clap for frequent visitor “Employee8/Teahouse on the Tracks,” who reminded me of this holding yesterday and prompted this reminder post.  He’s also been very successful with his [[MVG]] call, which I have not yet gotten around to buying yet.  Startling, I know.

I would also like to point you in the direction of the recent Exeter Resource Corp. [[XRA]] spinoff, [[EXGMA]] (which I’m not sure we’ve got in our system yet).  It was up over 17% yesterday, proving the good sense in spinning off everything you can in a bull market, and hoping the market takes that unlocked value higher.   

We are of course in a raging bull for the precious metals, and that’s indicated by the acquisitions which seem to be popping  for the smaller miners (see  [[LIHR]] last week and Agnico-Eagle Mines Limited (USA) [[AEM]] ‘s announcements this week)  so it’s likely the spin-off is now being reflected as a value play AND an M&A trade bait possibility.

Last, I am hoping to roll out a couple of more LED plays, as soon as I do a little more research in some of these other names.   Of course Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] are the monsters in the space, and I’ve already bedded my stock barges with their shares.   I am looking to add as I think this space will remain hot, no matter whether our President remains Green or not.   Cheap lighting is cheap lighting, and it’s the pennies that count.

Best to you all.

____________________

Comments »

 

______________________________ 

It’s nice to have gotten into the Final Four here of the famed iBC Tourney this year, but I am almost remorseful to have taken that golden bone away from such a weurthy opponent as “Kreppa Nu,” a proud member of The PPT, and a strong stock picker in his own right.

And just to show how much these contests rely upon the whim of a day’s timing, look how his champion SanDisk Corporation [[SNDK]] rose from the ashes today.   

I told you SNDK was a good pick, and only a matter of time before it re-coiled itself and was ready to take off again.   I want to thank my friend for pointing this one out for me.   I think it’s got legs, no matter what the governmental gnomes can throw at us in the coming weeks.

As for the rest of the market, I’m not so sure.  Today, we were saved by a weakening dollar — [[UUP]] — there’s no getting around it.    The balance we have to strike right now is an increasingly ugly fiscal scenario versus a madman at the printing presses, trying to keep all the balls floating for as long as possible.

To say I’m pessimistic might be understating things, but I’m not going to flush my positions until I see the whites of the enemies’ eyes.   Right now, the [[DJT]] and the harbinger United Parcel Service, Inc. [[UPS]] are still in breakout patterns.  

Until I see a breakdown out of those pullbacks, I’m staying long, though not necessarily “strong.” Watching gold for a break of $1,100 as well.

Best to you, my sons and daughters of Barack.

______________

Update: Let’s see what’s actually in this sucker they passed yesterday. Enjoy!

[youtube:http://www.youtube.com/watch?v=Rw5g9K2dFKM 450 300] _________

Comments »

Avast Ye Steam-punk Scalawags!
________________________________________

Looks like the bewigged and wedge-shoed scarlet coats of the Federal Admiralty have thrown down their first frilly gauntlet and taken a shot across our portside bow last evening with a cannon-load of “hot grape” called “quarter point discount rate increase,” in the less civilized quarters of New Orleans and other pirate dens.

Powdered pooftahs that they are, they are already begging our mercy come the morn as we swing our starboard cannon about to rake their pommy sides amid-ships.    Too late for them, and theirs, I’m afraid, as there’s gold in those Admiralty cargo holds and we mean to have it.

Let’s not get all a-sweat and a-lathered, me scurvy dogs.   The thesis has not changed and certainly the Fed is not going to take the “brave man’s step” of setting the Caribbean afire with rum-soaked English scrip whilst our Parliament (of Whores) continues to spend like grog-stupefied wainwrights on barrel-selling day.    No, maties, they seek to confound us with this Mary-move of callow authority.   No man can call his actions bold while pleading apology in the next breath!  

If anything, said grape-shot toss was mere subtrafuge to cover for additional scrip production in yonder Admiralty’s subterranean printing gaols!  What will occupy the Admiralty’s cargo holds for years — baser and baser scrip — will be what ensures our golden Treasures worth! 

So be not a-feared but rather emboldened by the tightness of Rear Admiral Bernanke’s wedgies, and the sagging of his pompadour.  Now is the time to press the hot cutlass to their throats and let roar with musket, grape and cannon.   The battle is near-won, me swabbies.   Let us not then quail at the size of the Admiralty’s frigates, but rather laugh at their frailty — they are made of paper, lads!

_______________________

This day I shall be indulging in all me favourites, but  most especially those in the silver Escudo doubloons, for the price of bonnie silver is racing back up even faster than that of gold.    To that end I shall be indulging in me favourite miners, Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , [[SVM]] , [[PAAS]] and maybe even the worm-bitten dogs [[CDE]] and Hecla Mining Company [[HL]] .   [[AGQ]] is only for the traders, but it may boom off of any pullback here.

Don’t forget me favourite golds either, which number three — Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] and Royal Gold, Inc. [[RGLD]] .   Some dogs that may be opportunities thanks to yesterday’s scare off  could be New Gold Inc. (USA) [[NGD]] , Exeter Resource Corp. [[XRA]] , NovaGold Resources Inc. (USA) [[NG]] and Northgate Minerals Corporation (USA) [[NXG]] , along with Rubicon Minerals Corp. (USA) [[RBY]] and even [[BAA]] .  Of course [[GDX]] is a great purchase if you want a catch all.

I also think the Ag side will continue to stay hot, so any weakness in Monsanto Company [[MON]] , The Andersons, Inc. [[ANDE]] , The Mosaic Company [[MOS]] , and Potash Corp./Saskatchewan (USA) [[POT]] should be seen as an opportunity.  I will likely have more to say on this front.   

Many of you may have seen I chose Cree, Inc. [[CREE]] as my March Madness pick (SLW is too volatile).   I like it and Veeco Instruments Inc. [[VECO]] as my two hottest tech names for the intermediate to long term (the only way I play).  

Best to you all, my hearties, and if anything today — WATCH SILVER — something seems to be “up.”

__________________________

Comments »