Well, I'll be the first to admit it took way longer than I expected, but Mediabistro Inc. (NASDAQ:MBIS) has finally unleashed the strength I saw brewing up four months ago. Now get out. Seriously. Go ahead and take your profits on MBIS and walk away while you still can.
Surprised to hear me say that? I understand. I'm not joking though. But, it's worth adding that my bearish call on MBIS is purely a short-term, technical-based, defensive one only intended to protect what we've gained so far. After a pullback and subsequent hints of a renewed (and better-paced recovery), I'll be encouraging everyone to start wading back into a Mediabistro position again.
I suppose I should go back to the beginning and explain what I saw unfurling with Mediabistro Inc. back on July 30th. There were two things going on. One of them was the fact that after more than a year of lower lows and lower highs, we had finally seen a few weeks' worth of higher highs and higher lows... and they were steady, bordering on freakishly smooth. The other bullish clue popping up at the time was the way MBIS was working on crossing above the 200-day moving average line, which would be a huge buy signal. See the July 30th write-up to see what things looked like then.
Top Small Cap Companies For 2015: Pinnacle West Capital Corporation(PNW)
Pinnacle West Capital Corporation, through its subsidiaries, provides retail and wholesale electric services primarily in the State of Arizona. The company involves in the generation, transmission, and distribution of electricity through coal, nuclear, gas and oil, and solar resources. It also offers energy-related products and services, such as energy master planning, energy use consultation and facility audits, cogeneration analysis and installation, and project management with a focus on energy efficiency and renewable energy to commercial and industrial retail customers in the western United States. In addition, the company owns minority interests in various energy-related investments and Arizona community-based ventures; and develops residential, commercial, and industrial real estate projects in Arizona, Idaho, New Mexico, and Utah. As of December 31, 2010, it owned or leased approximately 6,290 mega watts of regulated generation capacity; and serviced approximately 1.1 million customers. Pinnacle West Capital Corporation was founded in 1920 and is based in Phoenix, Arizona.
Advisors' Opinion:- [By Roger Conrad]
Palo Verde is majority owned and operated by Arizona's Pinnacle West (PNW), itself a takeover target, though its larger size ($5.81 billion market capitalization), will likely require a bigger buyer.
- [By Ben Levisohn]
Iron Mountain has gained 2.6% to $26.55 at 3:05 p.m., making it the fourth-best performer in the S&P 500, ahead of WPX Energy (WPX), which has gained 2.4% to $19.94, Pinnacle West Capital (PNW), which has gained 2.3% to $53.55 and Dominion Resources (D), which has risen 2.1% to $59.85.
- [By Ben Levisohn]
Now don’t misunderstand. Gordon isn’t telling investors to avoid all regulated utilities. He has some favorites, including American Electric Power (AEP), Dominion Resources (D), ITC Holdings (ITC), Pinnacle West Capital (PNW) and Westar Energy (WR).
Top 5 Defensive Companies To Buy Right Now: Redcliffe Resources Ltd (RCF)
Redcliffe Resources Limited, formerly Pacrim Energy Limited, is engaged in gold exploration. The Company own 100% interest in Redcliffe Gold Project. The Redcliffe Gold Project lies northeast of the mining town of Leonora, which is 230 kilometer north of Kalgoorlie in Western Australia. The Project covers approximately 45 kilometers of strike length of the Mertondale Shear Zone (MSZ) along with parallel and associated structures. The Golden Terrace South (GTS) deposit lies within a granted mining lease in the southern portion of the Redcliffe Gold Project. The 727 Prospect is located less than five kilometer south east of Golden Terrace. The Kelly Prospect lies along the Mertondale Shear Zone some three to four kilometer north of Golden Terrace South. Advisors' Opinion:- [By Tom Stoukas]
Teleperformance SA (RCF) climbed 2.9 percent to 35.10 euros. Societe Generale SA raised its recommendation on the French operator of call centers to buy from hold. The brokerage said the shares��recent decline provides a buying opportunity. The stock has fallen 14 percent since its high on July 18.
Top 5 Defensive Companies To Buy Right Now: Eldorado Gold Corp(EGO)
Eldorado Gold Corporation, together with its subsidiaries, engages in the discovery, exploration, development, production, and reclamation of gold properties in Brazil, the People?s Republic of China, Greece, and Turkey. It operates the Kisladag gold mine in Turkey; the Jinfeng, Tanjianshan, and White Mountain gold mines in the People?s Republic of China; and the Vila Nova iron ore mine in Brazil. The company?s development projects include the Efemcukuru gold mine in Turkey, the Eastern Dragon gold mine in the People?s Republic of China, the Perama Hill gold project in Greece, and the Tocantinzinho gold project in Brazil. As of December 31, 2010, Eldorado Gold Corporation had 18.7 million ounces of proven and probable gold reserves. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By alicet236]
Eldorado Gold Corp. (EGO) Reached the Five-Year Low of $5.66
The prices of Eldorado Gold Corp. (EGO) shares have declined to close to the five-year low of $5.66, which is 75.4% off the five-year high of $22.12. Eldorado Gold Corp. is owned by six Gurus we are tracking. Among them, five have added to their positions during the past quarter. Two reduced their positions. Eldorado Gold Corp. is a gold exploration, development, mining and production company. Eldorado Gold Corp. has a market cap of $4.04 billion; its shares were traded at around $5.66 with a P/E ratio of 42.60 and P/S ratio of 6.65. The dividend yield of Eldorado Gold Corp. stocks is 2.09%. Eldorado Gold Corp. had an annual average earnings growth of 15.50% over the past five years.
- [By Jack Adamo, Editor, Jack Adamo's Insiders Plus]
Quarterly results are a real crap-shoot. With that in mind, let's examine the good and bad points at Eldorado Gold Corp. Ltd. (EGO).
Eldorado has mines in Greece, Turkey, Brazil, China, and Romania. However, as of year-end 2012, 53% of production came from Turkey and 45% from China.
Top 5 Defensive Companies To Buy Right Now: Mechel OAO (MTLR)
Mechel OAO is a Russia-based integrated mining and steel company. The Company focuses on the production of mining products, such as coal, iron ore, nickel, and steel products. Its operations are divided into two segments: Mining and Steel. The Mining segment focuses on the production and sales of coking coal concentrate, iron ore concentrate and coke with assets in the Russian Federation and the United States. The Steel segment comprises production and sale of semi-finished steel products, carbon and specialty long products, stainless flat products, and value-added downstream metal products, including hardware and stampings. The Company has production facilities, located domestically in numerous regions, as well as in the United States, Kazakhstan, Lithuania, Ukraine, the United Kingdom and Bulgaria. In July 2013, it closed the deal on disposal of 100% of the shares of Toplofikatsia Rousse EAD. In July 2013, the Company sold a 100% stake in Invicta Merchant Bar. Advisors' Opinion:- [By Lyubov Pronina]
The Micex Index slid 1.1 percent to the lowest level since November. Russian growth is forecast to slow to 2.4 percent this year on high interest rates and lower gas exports, Economy Minister Andrei Belousov told reporters today. OAO Mechel (MTLR), a coking coal and steel producer, tumbled 6.3 percent.
No comments:
Post a Comment