VIDEO - Trading Ideas (SPY, rated BUY)
August 9, 2008
Last week we did a summary of our set ups from July; this week we offer a handful of trading ideas for next week…
VIDEO - Trading Ideas for Next Week
Here’s our report on the financial crisis and many of the responses we got…
How Did We Get Into This Financial Mess?
Responses to How Did We Get Into This Financial Mess?
Leavitt Brothers’ Chart Pattern tutorials…
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Wedges
VIDEO - Flags
Bearish Chart Patterns
VIDEO - Descending Triangles
VIDEO - Wedges
VIDEO - Flags
VIDEO - Pennants
VIDEO - Rectangles
http://www.leavittbrothers.com/
VIDEO - Trading Ideas (SPY, rated BUY)
Polo Ralph Lauren Corp. (RL) is a BUY
August 9, 2008
Analysts’ Recommendation: Buy 30 Days Ago: Buy ——————————————————————————– Analysts’ Target: $75 Analysts’ Targets Lehman Brothers $70 Neutral Monday, July 28, 2008 Needham & Co. $79 Buy Thursday, May 29, 2008 Credit Suisse $80 Outperformer Thursday, February 07, 2008 Citigroup $69 Outperform Thursday, February 07, 2008
Polo Ralph Lauren Corp. (RL) is a BUY
Another domestic gas play? (USSU, rated BUY)
August 9, 2008
Will be doing my DD over the weekend, this is my first high potential pick since my vacation last week…. heres a bit of news…
((VERY RISKY DO YOUR DD FIRST, SECOND, THIRD THEN TRADE))
USA Superior Energy Holdings Signs LOI With Hunt Global Resources
Thursday August 7, 4:22 pm ET
The transaction will be in the form of a "reverse merger." Under terms of the agreement, Hunt will assume a majority stock position and appoint a new board of directors. Full details of the transaction will be released upon the execution of a definitive agreement between the parties.
Closing is based on the completion of required audits, satisfactory due-diligence, a fairness-opinion and shareholders’ approval of the transaction.
Hunt is a natural resource company that plans to begin mining operations in the fourth quarter of this year on 350 acres of land containing proven sand and gravel reserves valued at an estimated $1.2 billion dollars.
We believe this transaction will provide value to our shareholders said G. Rowland Carrey, CEO of USA Superior Energy. Hunt has a solid business plan and proven resources in a geographic area where demand for construction grade sand and fine sands used for glass manufacturing continually outpaces the available supply.
"We’re very excited about this transaction," said Jewel S. Hunt V, Founder and Chairman of Hunt Global Resources. "We believe that entering the public market will allow us to take advantage of the many opportunities available in the natural resource business. Unlike the oil business, the business of mining sand and gravel is relatively simple. There are no dry or unproductive wells and the equipment required is relatively inexpensive. Sand and gravel is mainly surface mining. All of the material is located within fifty feet of the surface and visible to the naked eye. We excavate the materials, process it and load it on a waiting truck. The only complexity to the business is the proprietary software technology we have designed that allows us to process a variety of sand products at higher profit margins than traditional sand and gravel operations," Mr. Hunt added.
ABOUT USA SUPERIOR ENERGY HOLDINGS, INC.
USA Superior Energy Holdings, Inc. is a company with excellent potential focused on applying new technologies to oil and gas fields as well as other industries. USA Superior is composed of a team of experts in their field, highly qualified with over 200 man-years of oil and gas field experience; from finding to drilling, well completion to operations and production, to problem solving, seasoned with success. Environmentally concerned and responsible, responsive to project needs and specializing in special projects, USA Superior Energy’s focus has been on developing and utilizing complimentary technologies; Nitrogen (N2) and cased hole horizontal drilling. USA Superior will seek to use these technologies independently or in combination to exploit business opportunities.
Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to existing reservoirs and wellbores, thus minimizing the risk of finding oil and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging technology that can significantly increase the "communication" from the wellbore to the fluids in the reservoir. With the current price environment, many existing marginal wells can be rejuvenated into very profitable wells. The corporate website is www.usa-superior.com .
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Contact: G. Rowland Carey CEO USA Superior Energy Holdings, Inc. (832) 251-3000
Source: USA Superior Energy Holdings
Another domestic gas play? (USSU, rated BUY)
NYSE Notches a Distribution Day for my Return from Vacation
August 9, 2008
The New York Stock Exchange notched a distribution day the very day I return from vacation. Whether or not this was a “message” from the stock market gods (bulls of course) telling me to stay on vacation, it illustrates how unhealthy this market is. While on vacation, I enjoyed the great views offered up by Central Oregon but the stock market stayed weak. No amount of golf, relaxation, enjoying friends would cure or skew my view of this market. The same all story continues, no fear … [visit site to read more]
NYSE Notches a Distribution Day for my Return from Vacation
A Closer Look at the Dollar Rally
August 9, 2008
Michael Shedlock submits:
Bloomberg is reporting Euro Falls the Most in 8 Years on Reduced Bets for Higher Rate.
"This is the beginning of a new chapter for the dollar as Trichet and other central banks are paying more attention to the downside risk to growth," said Dustin Reid, a senior currency strategist at ABN Amro Bank NV in Chicago. "The decline of oil prices is a significant driver behind this dollar rally because it enables other central banks to turn their eyes away from inflation and focus on growth."
A Closer Look at the Dollar Rally
Three Rolling Correlations in the Current Market
August 9, 2008
Brett Steenbarger submits:
One way I like to track themes in financial markets is by tracking rolling correlations. These can be correlations among stock sectors/indexes or between equities and other asset classes.
Here are a few correlations of daily returns since June that caught my eye:
