I wonder if CPI leaked today? I wonder if China bounces tonight? Will people rebuild in Florida with rising costs to build and insure? Or move out of FL?
China returns from Golden Week anything but ‘golden’.
Shanghai index -6.62% with 67 advancers and 1389 decliners.
TR China -9.97% with 9 advancers and 38 decliners.
China A50 -6.93% with 1 advancer and 48 decliners.
The massive boost the central bank gave to China’s financial system has been found lacking. The PBOC’s action and market reaction suggest an impending crisis.
The Heng Seng Index (Hong Kong Stock Exchange) crashed this week.
Yesterday, the $HSI plunged -9.41% from 23099.78 to 20926.79. Today, it dropped a further -1.38% to 20637.24.
One problem is that stocks are hugely overbought. The $ HSI’s low was 16964.28 less than one month ago, on Sept. 11. So further downside can be expected.
HSBC was trading at 38 times the projected 2024 earnings, which cannot be justified.
Inplay Oil (IPO.to)(IPOOF) continues to meet expectations.
The Oilers are getting crushed today across the board. However, there are many buying opportunities for investors.
For a few years, Inplay Oil has been my favorite junior oiler. The price (C$2.00)(US$1.48) may have disappointed short-term traders, but long-term investors like the solid monthly dividend of almost 9% at the current price. Buy before the stock goes ex-dividend on Oct. 15.
Here’s what the industry analysts are posting:
Eight Capital
Target $4.00 (previous target $4.00)
Header: Production impacted by one-time events
Prod of 8.7 mboed slightly below consensus of 9.3 but in line with our fcst.
CFPS of $0.22 in line with street’s $0.21 and ahead of our $0.19.
“Adjusted guidance down 3%-5% to 8,700 – 9,000 mainly reflecting casing failure in a Glauconite well, downtime & shutins, and the aforementioned planned rescheduling to bring wells on later in the year.”
Stated that intention is to plan on remaining wells to be drilled later in the year when we expect gas prices to be 3X higher.
Provided a recap of the Q2 activity to date and highlighted the success of our pumpjack conversions and lowerings mentioning the cap efficiencies at $6,000/boed.
Canaccord Genuity
Target $3.50 (previous target $3.50)
Header: Q2 results in line; focus on efficiencies continues with new electricity hedges to minimize opex volatility.
Q2 prod of 8.7 mboed in line with our estimate and below consensus of 9.3
CFPS of $0.22 met our guidance of $0.22 and the street’s $0.23.
“IPO lowered prod guidance to 8,700 – 9,000 boed due to foregone production on the Glauconite well with the capex budget maintained at $64-$67mm.
Provided a recap of Q2 activity and restates the 2024 Capex budget of $64-$67 mm and highlighted the cap efficiencies at $6,000/boed of our pumpjack conversions and lowerings.
ATB Capital Markets
Target $3.60 (previous target $3.60)
Header: Reduced 2024 Guidance and Prospective Glauconite Development.
Q2 prod of 8,657boed below consensus of 9,273 and in line with ATB of 8,683.
CFPS of $0.22 above consensus of $0.21 and our estimate of $0.20.
“2024 prod guidance was revised downwards to 8,700 – 9,000 boed resulting from facility downtime, spring breakup conditions, and shut-in of gas volumes.
“WE believe IPO is well positioned heading into the rest of 2024 and beyond given the reacceleration of operational activity in H2/24, prod growth of 7 % fron 24 to 25, dividend yield and the long term upside from the potential Glauconite asset.”
Provided a recap of our Q2 activity and discussed potential activity in the Glauc play.
Acumen Capital
Target $3.50 (previous target $3.75)
Header: none
Q2 prod of 8,657boed was in line with our estimate of 8,750.
FFPS of $0.22 was in line with our estimate.
“Minor downward revisions to production guidance (4% decrease) to account for changes to the drilling schedule, production shut-ins during the quarter, and a casing failure on a Gluconite test well.”
Elaborated on the potential upside of the Glauc play.
Provided a recap of our quarterly results and maintained capex budget with a reduction in well count to 12.6 from 14-15.
Noble Capital
Target $6.00 USD (previous target $6.00 USD)
Header: Updating Estimates to Reflect Revised Guidance
Trimmed 2024 prod guidance to a range of 8,700 – 9,000 boed from 9,000 to 9,500, and lowered expectations for crude prices. Lower production reflects foregone production from a Glauconite well that experienced casing failure, downtime, and a decision to bring wells on later in the year.
Lowered 2024 AFF estimate to CDN $84mm from CDN $91mm.
Increased 2025 AFF to CDN $99.7mm from $99.4mm to reflect stronger production growth.
“InPlay’s Q2 operational and financial results were solid and the outlook for 2025 remains favorable due to restarting development of “more prolific” PCUN7 play and the Glauconite potential.
Provided a recap of Q2 activity and restates the 2024 Capex budget of $64-$67 mm
Hurricane Milton is already a Cat 5! It looks bad for Florida. Please be safe. Evac as soon as you can inland or north. Even if it drops to cat 3, the storm surge will remain cat 4 or 5 when it reached Tampa area Wed.
Home Insurance co with Florida Hurricane Milton exposure mostly down big. Note $CIA is a penny stock that is thinly traded and is prob being manipulated.
My friends who are stuck in the mud without communications at their mountain cabin near Asheville NC may not be able to see the next hurricane hitting near their Florida home at Hobe Sound, south of Stuart FL. At least they got word out they’re safe.
Things are a complete mess in western NC… The Blue Ridge Parkway is closed indefinitely for it’s entire length – Boone thru Ashville is especially bad …. before it was closed ( last Thursday ) I got on various parts… Trees down everywhere, asphalt washouts and collapsed sections of the road.. I’ve got a rugged 4×4 truck, but I got the hell off ….the Blue Ridge is just two lanes…what a disaster…
NYU, Citizens is the state backed carrier. So any claims with citizens are protected with tax money. I think at some point, citizens might be the only game in town with the backing of the state government. Most of these carriers have hedged their losses with even larger re insurers, but these storms are gonna hurt bad..
I cannot help but think Summit Therapeutics will be as, or even more successful than Seattle Genetics… The cancer indications they are investigating could make Summit one of the most successful biotech companies of all time.. Some bring up the fact that SMMT licensed their drug…. Hmmm.. Let’s begin a brief ‘ licensed drug list ‘ with Sarepta and it’s DMD drug…yes, straight out of an Australia university lab…. Pfizer and it’s $$ multi-billion COVID vaccine, courtesy of BionTech… or, lol, Merck and its very own Keytruda… So, with that aside, the fact that Summit may have an exceptional cancer fighting therapy for not only NSCLC but several other cancers will hold my attention…. https://www.fool.com/investing/2024/10/05/is-summit-therapeutics-a-millionaire-maker/
** as an ‘ insider buying update ‘, late last month, co-CEO Bob Duggan also bought SMMT shares on the open market: $ 75 million worth at an average price of $ 21.70…( 3,456,221 shares )..
Hell…I just can’t hold a company unless I believe it singlehandedly changes destiny, ( and if the rev’s are already known )…for that reason I dropped LUNR…I know, I know, but PLUG really has my interest as a complete contrarian trade to oil… And as no secret, I really believe SMMT can change the destiny of current NSCLC victims I just don’t often see the FDA handing out ‘ Fast Track ‘ designations to companies that carried out clinical trials in China… I am trying as hard as I can to follow the footprint’s and connect the dots … ** Thank you Vad .. and to TobyT, wherever you are.. nobody walks the razors edge without help..
still skulking around………..not as frisky since falling thru roof and being given less than 20% chance of survival in Feb …damn rent houses….but here I am….SMMT is extremely interesting and it has options which I truly love….will pursue tomorrow am
Hope you doing good and 100% recovery, missed all old timer like VAD, you,2nd-Ave and Starky and many more.
Yes Baz–back in 2020 I was in big time in PLUG,FCEL, and many more that were hyped by paddlers, they all went to around $1, I think they are at it again
please post it if you found good option that expires in 2026 for SUMMIT, you are good at playing option, BAZ does lots of homework and research on BioTech stock , I respect his finding but i have to buy something like 400 share of summit for few year to make some money, if it is done using less capital will be prefer option for me and was thinking about option and you mention it Thanks Toby
Have been accumulating shares in Barrick Gold since June. I think their numbers will be terrific for Q3, revenue, earnings and FCF. Also like that they are not going on a buying spree but investing in their existing mines. They produce impressive amounts of copper as well as gold.
Two weeks are almost up. Let’s see if history rhymes. Charts in the link🥷👇 —- When the Universe shows you a coincidence that knocks you on your knees. See the date!
Sep 18, 2007. One of the 50 basis pt cuts from the GFC. Same date as this week, 17 years ago.
This morning’s US jobs-related news, which pushed the US Dollar index and 10-year Treasury yield much higher, caused a sell-off in Gold. However, the gold price bounced back quickly, a sign that the gold bull was strong.
As I said, this is the time for those invested in Gold to buy the dips. I believe the price is going much higher.
Jobs numbers are very fishy when you break down by sector. So is the upward revision. I take BLS data with a grain of salt. In this case, the timing reeks of conflict of interest.
Coeur Mining (NYSE:CDE) is trading at $6.38, down -9.25% from the Thursday close.
Acquisitors are not good stocks to buy—at least until a day or two after the deal is announced—as investors always see the deal as an opportunity to sell. The right strategy is to invest in the companies most likely to be acquired. Buying after the pullback is often a good time if you like holding the acquisition.
One reason for pullbacks after deals are announced is that investors hold positions in each stock and sell to avoid an overweight holding.
It probably wants to fill the gap…based on the bots…on both sides..LOL Trend is yo friend….Here…buying the pullbacks has been working FWIW…Wait for your price…and Pounce..
kaimu knocked it out of the park with Exxon (XOM).
In 2020, when Covid-19 was killing people, the economy, and investor portfolios, kaimu told us he was buying Chevron (CVX) and Exxon (XOM). He was chasing dividends and enjoying the low stock prices.
XOM just hit an all-time high record. Look at the gains he’s made.
A warning was issued by the Investopedia and CMT partnership.
CMT is the Chartered Market Technicians Association. Some people call them tea-leaf readers, but to be fair, we all read charts, and these analysts have a professional standing.
As we know, technical analysis is like economics when it comes to studies of market prices. All of it works sometimes, so we end up calling their conclusions “indications.”
Investopedia was formerly an investor education service. Now, like the rest of us, it is consumed with guessing as to the future of market prices.
The following statement was that partnership’s warning today.
Pullback in Breadth Data Suggests Pullback for Stocks
Breadth indicators have been reaching up to euphoric levels in recent weeks, a pattern which is quite common in mature bull markets. When those breadth indicators come down from their euphoric heights, this can often indicate a potential market reversal.
Grist for the mill, I suppose—the fearmongers’ mill—as it is not helpful to you or me as we make decisions about our portfolio holdings.
$DXY Back in July on the 24th I posted this exact chart. You can go back and see it….
Showing you where the break would be followed by the bounce area. REMEMBER…Robots are programmed…They repeat patterns until those patterns BREAK due to change in trend/direction. Once you find a pattern in anything you like to trade EXPLOIT IT. Sell when it tells you to sell it BUY when it says to buy it based on history. TREND is always your friend, because with trend, you will be on the right side more than you will be wrong. Don’t FIGHT price, don’t try and guess tops bottoms, trade on both side buying or selling based on price action. You can see in this dollar that for months Going all the way back too JANUARY of 2023, the dollar was a buy off the down sloping trendline…Just like it was back in 2021, 2017, 2015, 2016, 2015, 2012, 2011, 2009 ETC ETC…You get my point. Trend for the DOLLAR Since about 08 has been up….With volatility YES, but overall if you graph it up…So, will that change now? 16 years of buying the pullback in the DXY and making money…Yeah I guess eventually the BEARS will take over, but for now, the easy money take it to the bank has been buy the dips…We will see what this next wedge decides to do, all the others led to new highs…Will this time by any different? I don’t care, I TRADE PRICE.
The September US Jobs data shows much higher employment and lower unemployment than expected. The August numbers were also revised higher.
The US south and east coast port workers are back to work.
Coeur Mining (CDE) acquired Silvercrest (SILV) to form a huge silver producer of about 21 million oz annually. Silvercrest shareholders received about a 20% premium and should be pleased.
Investors liked it as it appears equity and bond prices are up sharply.
The US dollar soared, knocking down gold and presenting another buying opportunity for gold and gold miners investors.
As we heard the employment news, some Brookings wag on CNBC told us that the economy has done a nice job of assimilating immigrants. Steve Liesman then told us that the inflation battle had been won.
Northstar Clean Technologies shines at this week’s CEM Muskoka Conference.
The top non-resource company was Northstar (ROOF.v)(ROOOF).
As you know by now, this is my favorite company in the emerging industrial tiny cap space.
From the CEM Report today:
Northstar Clean Technologies is a Canadian company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already overcrowded landfills, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its first commercial scale up facility in Calgary, Alberta. Northstar’s mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America.
Why it was picked:
Northstar has developed a proprietary technology to reprocess discarded asphalt shingles, extracting valuable components like liquid asphalt, aggregate, and fiber for reuse in construction and industrial applications. This aligns with the growing investor focus on sustainable and circular economy solutions, addressing the issue of waste management while creating valuable products.
The company has secured important partnerships and supply agreements, demonstrating the viability of its business model. These include raw materials supply agreements with Ecco Recycling, a leading waste diversion provider in Calgary and IKO Industries Ltd., Canada’s leading asphalt shingle manufacturer.
Northstar is positioned for rapid expansion after recently receiving $14 million in funding from CVW CleanTech to accelerate the development of its facilities. This funding reduces Northstar’s need for near-term equity capital raising and adds financing optionality for future growth. The company’s strategic partnership with TAMKO Building Products has also identified initial U.S. expansion plans.
I called Northstar’s CEO Aidan Mills on Sept. 16 to inquire about any possible conflict in raising capital from a small Toronto-listed company.
Aidan replied:
Hi Bill
No issues in the question and no issues in the financing.
The funding came about through a competitive process run by Fort Capital. Forty-plus companies were contacted, and all went through the same bidding process—with no favouritism at all.
The MD from Fort and I presented to the board, which was unanimous in each step of the ultimate three-step selection process.
As you know, (a director who is a mutual associate) ‘s company owns (A) and, I think, (B) stock. However, all our directors were completely locked down from trading when we entered bilateral negotiations ( I issued a trading halt to all staff ) and were only released two days after the deal was announced.
So, great question…but I can assure you appropriate BP and Goldman compliance level controls are in place from me 😀
The best people who run these companies often become friends based on mutual respect. But that never should stop us, as investors and (often) fiduciaries, from asking appropriate questions and expecting satisfactory answers.
I followed up with another question, to which Aidan replied on Tuesday:
Bill
Hope all’s well and your health is good.
Apologies for the delay. I have been on the road for nearly 10 days, but I have just been visiting sites in the US and GTA and spending the weekend at the CEM event in Muskoka.
I’m always really nervous about writing anything down about compliance. I’m happy for you to write about Fort leading a detailed process and the steps we took. I mentioned that in the investor call, and it’s in the PR… You can always say with my background you are comfortable that deals like this ( and Tamko etc ) are being led with a strong compliance bias.
In my long career as an investment banker, salesperson, portfolio manager, and responsible person for large securities firms, I have probably met 2,000 senior executives. Aidan Mills is definitely in the top one percent.
The Northstar Clean Technologies company and its shareholders are fortunate to have Aidan as CEO. Companies can have a superb business model with strong financial backing, but few of them become good investments without a great CEO. In time, you’ll see that in Northstar. Meanwhile, with the stock, it’s like “watching grass grow.” You just have to be patient, knowing that even the grass at Augusta National, when first seeded, takes time to flourish.
Gold doesn’t go up because of good times…yet we urge it higher… Lumber and food prices are absolutely killing the average person..yet we cheer on Home Depot and Walmart… Apple, Microsoft, Nvidia…go, baby, go…. So yes, I’m pulling for black gold And screw Wall Street.. since when were they a friend of the Cara community ?..
I wonder if CPI leaked today?
I wonder if China bounces tonight?
Will people rebuild in Florida with rising costs to build and insure? Or move out of FL?
Just pondering.
Be safe to those in path of Milton.
China’s Central Bank Launches Swap Facility to Boost Stock Market. 500B Yuan. 70B Jerome bucks.
Eligible firms can use stocks as collateral and get funding to buy stocks.
WSJ
China returns from Golden Week anything but ‘golden’.
Shanghai index -6.62% with 67 advancers and 1389 decliners.
TR China -9.97% with 9 advancers and 38 decliners.
China A50 -6.93% with 1 advancer and 48 decliners.
The massive boost the central bank gave to China’s financial system has been found lacking. The PBOC’s action and market reaction suggest an impending crisis.
When central pumping fails what else is left?
https://finance.yahoo.com/m/ff7ff892-bac4-3ba5-a431-b286ed57f748/rio-tinto-to-acquire-arcadium.html….
There are excellent deposits here in America…..Thacker Pass
Edit now trading below cash value
https://www.ibiology.org/genetics-and-gene-regulation/doudna-charpentier-nobel-prize-crispr/
The beginning of a medical revolution
The Heng Seng Index (Hong Kong Stock Exchange) crashed this week.
Yesterday, the $HSI plunged -9.41% from 23099.78 to 20926.79. Today, it dropped a further -1.38% to 20637.24.
One problem is that stocks are hugely overbought. The $ HSI’s low was 16964.28 less than one month ago, on Sept. 11. So further downside can be expected.
HSBC was trading at 38 times the projected 2024 earnings, which cannot be justified.
$NVDA accounted for almost 25% of the Bloomberg 500’s move today, which is a proxy for the S&P 500.
Bigger alarm. 6 stocks accounted for 60% of the move. Last week there was a day NVDA was 93% of the move.
Easy work for the cartel.
Inplay Oil (IPO.to)(IPOOF) continues to meet expectations.
The Oilers are getting crushed today across the board. However, there are many buying opportunities for investors.
For a few years, Inplay Oil has been my favorite junior oiler. The price (C$2.00)(US$1.48) may have disappointed short-term traders, but long-term investors like the solid monthly dividend of almost 9% at the current price. Buy before the stock goes ex-dividend on Oct. 15.
Here’s what the industry analysts are posting:
Eight Capital
Canaccord Genuity
ATB Capital Markets
Acumen Capital
Noble Capital
Toronto-listed IPO.to chart
Toby…… remember that FCEL trade from the summer of 2020 ?…. Well,….😎
** if Smmt is putting in a reversal, then $ 26 is pointing at Friday
I am now keeping a serious mindset in regards to Alt… Something’s going on
I can feel it
After FDA approval SMMT will be able to a have limited market US, Canada, Japan and Europe. There will be a discount due to China factor. I entered little too early, now exited with a small loss. Monitoring closely for now. Please check this https://finance.yahoo.com/news/summit-therapeutics-millionaire-maker-151200975.html
Gold consumption by country compared to that country’s supply.
An interesting graphic.
https://elements.visualcapitalist.com/visualizing-gold-consumption-vs-domestic-supply/
Hurricane Milton is already a Cat 5! It looks bad for Florida. Please be safe. Evac as soon as you can inland or north. Even if it drops to cat 3, the storm surge will remain cat 4 or 5 when it reached Tampa area Wed.
Home Insurance co with Florida Hurricane Milton exposure mostly down big. Note $CIA is a penny stock that is thinly traded and is prob being manipulated.
#HurricaneMilton
My friends who are stuck in the mud without communications at their mountain cabin near Asheville NC may not be able to see the next hurricane hitting near their Florida home at Hobe Sound, south of Stuart FL. At least they got word out they’re safe.
Things are a complete mess in western NC… The Blue Ridge Parkway is closed indefinitely for it’s entire length – Boone thru Ashville is especially bad …. before it was closed ( last Thursday ) I got on various parts… Trees down everywhere, asphalt washouts and collapsed sections of the road.. I’ve got a rugged 4×4 truck, but I got the hell off ….the Blue Ridge is just two lanes…what a disaster…
NYU, Citizens is the state backed carrier. So any claims with citizens are protected with tax money. I think at some point, citizens might be the only game in town with the backing of the state government. Most of these carriers have hedged their losses with even larger re insurers, but these storms are gonna hurt bad..
Arcadium Lithium (Livent/Allkem merger) is up 30% on RIO interest in a buyout; had been up as much as 40% earlier in session.
I cannot help but think Summit Therapeutics will be as, or even more successful than Seattle Genetics… The cancer indications they are investigating could make Summit one of the most successful biotech companies of all time.. Some bring up the fact that SMMT licensed their drug…. Hmmm.. Let’s begin a brief ‘ licensed drug list ‘ with Sarepta and it’s DMD drug…yes, straight out of an Australia university lab…. Pfizer and it’s $$ multi-billion COVID vaccine, courtesy of BionTech… or, lol, Merck and its very own Keytruda… So, with that aside, the fact that Summit may have an exceptional cancer fighting therapy for not only NSCLC but several other cancers will hold my attention…. https://www.fool.com/investing/2024/10/05/is-summit-therapeutics-a-millionaire-maker/
** as an ‘ insider buying update ‘, late last month, co-CEO Bob Duggan also bought SMMT shares on the open market: $ 75 million worth at an average price of $ 21.70…( 3,456,221 shares )..
Since 2015, Smmt’s average weighted price was around $ 8.5 till last month… since it’s IPO, it’s actually only doubled
Summit Therapeutics IPOed on May 15, 2015 at $ 9.90 per share…. There were less than four million shares outstanding….
Hell…I just can’t hold a company unless I believe it singlehandedly changes destiny, ( and if the rev’s are already known )…for that reason I dropped LUNR…I know, I know, but PLUG really has my interest as a complete contrarian trade to oil…
And as no secret, I really believe SMMT can change the destiny of current NSCLC victims
I just don’t often see the FDA handing out ‘ Fast Track ‘ designations to companies that carried out clinical trials in China…
I am trying as hard as I can to follow the footprint’s and connect the dots … ** Thank you Vad .. and to TobyT, wherever you are.. nobody walks the razors edge without help..
still skulking around………..not as frisky since falling thru roof and being given less than 20% chance of survival in Feb …damn rent houses….but here I am….SMMT is extremely interesting and it has options which I truly love….will pursue tomorrow am
So very glad you’re here…be safe and get well
Hope you doing good and 100% recovery, missed all old timer like VAD, you,2nd-Ave and Starky and many more.
Yes Baz–back in 2020 I was in big time in PLUG,FCEL, and many more that were hyped by paddlers, they all went to around $1, I think they are at it again
please post it if you found good option that expires in 2026 for SUMMIT, you are good at playing option, BAZ does lots of homework and research on BioTech stock , I respect his finding but i have to buy something like 400 share of summit for few year to make some money, if it is done using less capital will be prefer option for me and was thinking about option and you mention it
Thanks Toby
Have been accumulating shares in Barrick Gold since June. I think their numbers will be terrific for Q3, revenue, earnings and FCF. Also like that they are not going on a buying spree but investing in their existing mines. They produce impressive amounts of copper as well as gold.
Diamondback Energy (FANG +14.1% this week) was the big winner in the Cara 100.
Uranium Energy Corp (UEC +8.8% this week) is another winner in the Cara 100.
UEC was also the best performer this week in my Uranium watchlist of 22 stocks.
Two weeks are almost up. Let’s see if history rhymes. Charts in the link🥷👇
—-
When the Universe shows you a coincidence that knocks you on your knees. See the date!
Sep 18, 2007. One of the 50 basis pt cuts from the GFC. Same date as this week, 17 years ago.
$SPX climbed for 2 weeks before rolling over.
https://nyugrad.substack.com/p/there-is-nothing-new-on-wall-street
Gold bounced right back from this morning’s hit.
This morning’s US jobs-related news, which pushed the US Dollar index and 10-year Treasury yield much higher, caused a sell-off in Gold. However, the gold price bounced back quickly, a sign that the gold bull was strong.
As I said, this is the time for those invested in Gold to buy the dips. I believe the price is going much higher.
Jobs numbers are very fishy when you break down by sector. So is the upward revision. I take BLS data with a grain of salt. In this case, the timing reeks of conflict of interest.
NVDA, BOTS about to get JIGGY WITH IT…..Grab ur popcorn….Stick saves all around…LOL
Will Smith is ready https://www.youtube.com/watch?v=3JcmQONgXJM
Coeur (CDE) takes a post-deal hit.
Coeur Mining (NYSE:CDE) is trading at $6.38, down -9.25% from the Thursday close.
Acquisitors are not good stocks to buy—at least until a day or two after the deal is announced—as investors always see the deal as an opportunity to sell. The right strategy is to invest in the companies most likely to be acquired. Buying after the pullback is often a good time if you like holding the acquisition.
One reason for pullbacks after deals are announced is that investors hold positions in each stock and sell to avoid an overweight holding.
It probably wants to fill the gap…based on the bots…on both sides..LOL
Trend is yo friend….Here…buying the pullbacks has been working FWIW…Wait for your price…and Pounce..
kaimu knocked it out of the park with Exxon (XOM).
In 2020, when Covid-19 was killing people, the economy, and investor portfolios, kaimu told us he was buying Chevron (CVX) and Exxon (XOM). He was chasing dividends and enjoying the low stock prices.
XOM just hit an all-time high record. Look at the gains he’s made.
Coeur Mining to buy Silvercrest for 1.7 Billion. Carry on.
A warning was issued by the Investopedia and CMT partnership.
CMT is the Chartered Market Technicians Association. Some people call them tea-leaf readers, but to be fair, we all read charts, and these analysts have a professional standing.
As we know, technical analysis is like economics when it comes to studies of market prices. All of it works sometimes, so we end up calling their conclusions “indications.”
Investopedia was formerly an investor education service. Now, like the rest of us, it is consumed with guessing as to the future of market prices.
The following statement was that partnership’s warning today.
Grist for the mill, I suppose—the fearmongers’ mill—as it is not helpful to you or me as we make decisions about our portfolio holdings.
$DXY Back in July on the 24th I posted this exact chart. You can go back and see it….
Showing you where the break would be followed by the bounce area. REMEMBER…Robots are programmed…They repeat patterns until those patterns BREAK due to change in trend/direction. Once you find a pattern in anything you like to trade EXPLOIT IT. Sell when it tells you to sell it BUY when it says to buy it based on history. TREND is always your friend, because with trend, you will be on the right side more than you will be wrong. Don’t FIGHT price, don’t try and guess tops bottoms, trade on both side buying or selling based on price action. You can see in this dollar that for months Going all the way back too JANUARY of 2023, the dollar was a buy off the down sloping trendline…Just like it was back in 2021, 2017, 2015, 2016, 2015, 2012, 2011, 2009 ETC ETC…You get my point. Trend for the DOLLAR Since about 08 has been up….With volatility YES, but overall if you graph it up…So, will that change now? 16 years of buying the pullback in the DXY and making money…Yeah I guess eventually the BEARS will take over, but for now, the easy money take it to the bank has been buy the dips…We will see what this next wedge decides to do, all the others led to new highs…Will this time by any different? I don’t care, I TRADE PRICE.
A big news morning.
The September US Jobs data shows much higher employment and lower unemployment than expected. The August numbers were also revised higher.
The US south and east coast port workers are back to work.
Coeur Mining (CDE) acquired Silvercrest (SILV) to form a huge silver producer of about 21 million oz annually. Silvercrest shareholders received about a 20% premium and should be pleased.
Investors liked it as it appears equity and bond prices are up sharply.
The US dollar soared, knocking down gold and presenting another buying opportunity for gold and gold miners investors.
As we heard the employment news, some Brookings wag on CNBC told us that the economy has done a nice job of assimilating immigrants. Steve Liesman then told us that the inflation battle had been won.
Too many jokes to take while having breakfast.
Amazon (AMZN) and JP Morgan (JPM) had a good start to the day.
DECK, TSLA, AMD, and UEC were the other four performers in the top six in the Cara 100 at today’s open.
Northstar Clean Technologies shines at this week’s CEM Muskoka Conference.
The top non-resource company was Northstar (ROOF.v)(ROOOF).
As you know by now, this is my favorite company in the emerging industrial tiny cap space.
From the CEM Report today:
I called Northstar’s CEO Aidan Mills on Sept. 16 to inquire about any possible conflict in raising capital from a small Toronto-listed company.
Aidan replied:
The best people who run these companies often become friends based on mutual respect. But that never should stop us, as investors and (often) fiduciaries, from asking appropriate questions and expecting satisfactory answers.
I followed up with another question, to which Aidan replied on Tuesday:
In my long career as an investment banker, salesperson, portfolio manager, and responsible person for large securities firms, I have probably met 2,000 senior executives. Aidan Mills is definitely in the top one percent.
The Northstar Clean Technologies company and its shareholders are fortunate to have Aidan as CEO. Companies can have a superb business model with strong financial backing, but few of them become good investments without a great CEO. In time, you’ll see that in Northstar. Meanwhile, with the stock, it’s like “watching grass grow.” You just have to be patient, knowing that even the grass at Augusta National, when first seeded, takes time to flourish.
Oil at $ 200…??
I don’t think the Saudis, the US, or Wall Street want that.
I do…. buying oil companies
I’m in it for myself from now on….
Gold doesn’t go up because of good times…yet we urge it higher… Lumber and food prices are absolutely killing the average person..yet we cheer on Home Depot and Walmart… Apple, Microsoft, Nvidia…go, baby, go…. So yes, I’m pulling for black gold
And screw Wall Street.. since when were they a friend of the Cara community ?..
https://youtu.be/VVxYOQS6ggk?si=Nji20I1-_4lczV_N
Greed is good.. https://youtu.be/VVxYOQS6ggk?si=Nji20I1-_4lczV_N
The dates of the upcoming quarterly earnings reports for the new Cara 100 were posted here on Oct. 1.
Some of these companies will increase their dividends at that time. I am looking for divi increases from at least ABBV, BRO, and V.
I have been working on a new buy-sell decision support system that will help me write more about the Cara 100 in the future.
Oil & Gas companies in the Cara 100 made the top four and six of the top seven performers today.
Vista (VIST +6.8%) and Valero (VLO +6.1%) topped the list.
Would love to see the Cara 100 in an ETF. 🙂