_________________________
The $HUI bounced back again today, but I’m not even going to bother posting the pic… I was only about nine points, and believe me, we’ve a way to go before we’re no longer in need of Deep Woods Off! We’re still not at the 50-200 day EMA cross, but it remains imminent. More tomorrow there…
No, tonight, I’m going to look at something completely different. It was stock that that le Monsieur was touting earlier this year, for it’s tasty goodness (Brad) and franchisable content. Even though Bravo Brio Restaurant Group (BBRG on the Nazzy) are based in bland old Columbus Ohio, I think this group may be spicing things up over the last couple of days, as its made a nice breakout to all time highs:
You will note that the stock is quite a bit overbought at this juncture, and so I will hold off on grabbing some until a more opportune moment — likely coinciding with a return to that breakout line at about $23.20 or so. If you see it returning to that level, do not visit one of BBRG’s restaurants that day, as it is likely I will be in their “celebrating” cowboy-style, with my six-guns a-twirling, bourbon whiskey (corkage fee applied) a-chugging, and surly dancing girls atop my lap.
Things could get ugly in the next few days. Let’s make that our them for the summer, shall we? Happy ciao’ing.
________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
Cramer is excited about the restaurant space and will be a buyer of DRI and CMG based on the upcoming reports on Thursday…
I’ve never even seen a BBRG franchise that I remember. But, I swear, I just had a madeleine. With this in mind, will have to look into the company on Friday. Have to decide whether this is some kind of madeleine con.
Thanks for the thoughts on HUI.
There are none in Cally as of yet. Where have you seen one?
I love the copy on their web site… note the bolding:
BRAVO! is white-tablecloth casual dining at its best with great tasting Italian food and an inviting atmosphere under a fun, family-friendly Roman ruin décor.
LOL, nothing like that fun, family-friendly Roman ruin décor!
______________
Small portions.
No, no. Said I haven’t seen one. You made it seem so juicy, though, I wanted to check it out.
But now I think the Olive Garden has Roman ruin décor’d my appetite.
http://www.bearishnews.com/post/4360
Marc Faber Still Likes Gold and Silver, But Says Next 3 Months May Be Rough
Faber? The guy from CNBS? Is he still on there?
_____
Oh, sorry, this was the Barron’s Faber. I like him. I think he may be Swiss or something… Is he related to Billy Meyer? 😉
________
He’s Billy’s separated twin from the DAL universe.
actually , ……. no relation.
Unloaded my AGQ gamble for a small gain.
Too early.
And look at that… it appears to be pulling back as we speak… $23.25 appears to be a nice entry… wait for it.
_____
http://historymatters.gmu.edu/d/5354/
Anyone Americans care to offer thoughts on William Jennings Bryan’s famous speech?
I’ve heard reference of it many times… as the first true “populist speech.” Never have read it, though. I will take the time to peruse, thanks.
_______________
Happy Anniversary #6!
______
Mercy beaucoup. It was a good one.
Merci
(GD autocorrect!)
The ANVil is one sneaky bitch, I’ll warrant you!
_______
If someone was all cash right now would you recommend allocating 25% or so into the likes of ANV, SLW, EKX, XG… or would you recommend a “wait for it strategy” even for those with no current exposure?
Depends on your time horizon. If more than 1 year, then yes; stick the tip in and see what happens.
Jake,
I see the $HUI (with 20 minutes left till market close) has pulled back from 525 and on the weekly the 50 day ma is about 528 range. The HUI bounced off that 50 day last week too, so I’m guessing it is resistance. Thoughts?
No question, we are not out of the woods yet. I’d like to see a higher low here before pushing back in.
_____
Miners up, physical down with gold today.
Everything looks decent on the GDX daily except that RSI indicator starting to flatten out when I’d like to see it spike higher.
Gotta be some digestion for continuance, I think.
____
Most of the rare earth miners were moving up.
Jake, any thoughts on buying the blood in RBY?