Out half LSI, 10% for a week. My TA model showing the presure at $8.7. Long term is still good, but just out some follow my model alert. Will buy back more if it down to around $8.3. Up too much a day for 6%, maybe pull back tomorrow.
Oil sector plays: GEOI and ABLE. Oil prices spiked above $60 a barrel Monday amid reports that a snowstorm would hit the U.S. Northeast, the world's largest heating fuel market, and boost demand for crude oil and natural gas. In GEOI and ABLE here for oil price back up above $60. Both of the stocks are thin volume and with great technical rebounce. If the oil price goes up, these two will fly. But if oil price does not up, they won't down much. Both of these stocks are bottom formed.
Home heating oil demand increase recently due to the long and cold winter. This year the winter is late and we know that usually later the winter the longer. This will boost heating oil price up. Able Energy, Inc. is a holding company for five operating subsidiaries, which are engaged in the retail distribution of, and the provision of services relating to, home heating oil, diesel fuel, kerosene, and in addition, the Company provides complete HVAC installation and repair. Moreover, Able Announces Alternative to High-Priced Foreign Oil. Able announced that it has teamed up with TransMontaigne Inc., a leading supply chain management and fuel logistics company, to significantly increase the distribution and utilization of biodiesel, a clean-burning, soy-based alternative fuel product. This latest initiative is a priority for Able, a leading New Jersey based retail energy provider. Able is currently under contract to acquire substantially all of the assets of All American Plazas, Inc., including its truck stop locations.
As oil price goes up again, investors are searching alternative energy. Such as wind mills, solar power, soy power, etc. Hot money will flow in sooner or later if oil price can not cool down and I believe it won't. Analysts say it is still a long time that we can find a very efficient substitute energy resource, but scientists are keep searching. ABLE and GEOI both are belongs to this alternative energy sector. With a long and cold winter, investors will put more attention into alternative energy stocks. ABLE and GEOI are still so cheap compared to other oil companies' stocks.
check this out, the oil future keep going up in the last one week. http://www.nymex.com/lsco_fut_cso.aspx Oil stocks sectors back up again, it is time to buy small oil stocks, such as GEOI, ABLE, ESLR,etc
Oil Puts Pressure on Stocks.Oil edged above $60 for the first time in almost a month as a winter storm tracked toward the Northeast and most of the northern U.S. coped with frigid temperatures. Crude for January delivery was recently up $1.08 to $60.40 a barrel in Nymex trading. Meanwhile, natural gas prices jumped 17 cents to $14.10 per million British thermal units. Oil play again, easy money here, either to make a profit, or to hedge the market. I believe GEOI and ABLE both should be traded above $10. When the market in red, hot money is seeking sectors to flow in. definately the oil and gas sector will be the hot point. When investors are extrapolating the oil price trend, more overreaction will fill in. Will see tomorrow MOMO.
In HLTH here. Aiming for >$10 target in 3 months.Baby boomer play for a long time, HLTH is the best Web medical services company, I bet you heard about WebMD, I am using it. Nice Technical rebounce chart. HLTH has strong financial background especially a lot of cash. Here is the business report and financial background: Revenues should remain on an upward trajectory at Emdeon Corporation (formerly WebMD Corporation). Sales at the company's Business Services group appear likely to advance slightly faster than analysts envisioned , reflecting the contribution of recent acquisitions and better demand for its newer product and service offerings. An increase of 11%-12% may be in the cards for this year. Meanwhile, Emdeon's second-quarter earnings provided some degree of optimism that its Physician Services segment has finally gotten traction; it may be able to move forward at a much improved pace, given the reported infrastructure improvements and the resulting ability to implement systems in a more effective manner. At this point, top-line growth of 5%-6% seems probable, with an operating margin of some 10%. Analysts continue to anticipate steady progress from Porex, the company's plastics business. Emdeon is still working its way towards offering 10%-14% of WebMD Health to the public. Revenue from the Internet portal is growing fast, and it is likely to continue doing so. WebMD Health is increasingly the site of choice for health-related information by the general public; it also has a large professional following. Accordingly, its contribution to Emdeon's overall financial performance should please most investors. In terms of the IPO, details remain sketchy, since, at this writing, the registration statement has not been made effective. The company recently issued $300 million in convertible debt. The senior notes were privately placed to institutional investors under Rule 144A; their coupon is 3.125% and each $1,000 note is convertible into 64.2446 shares (at $15.57). The new debt does not alter Emdeon's financial strength, particularly in view of the upcoming IPO of WebMD Health. Emdeon shares are top-ranked for Timeliness. This stock, which has performed nicely so far this year, continues to receive good market support. Each of the company's businesses seems to be doing well; the above-mentioned IPO is also a factor here. That said, new commitments are probably best made by aggressive accounts. Mean Analysts target is 10.9, Valueline lowest target is $11 with high target $19. So far, JPmorgan holding Strong Buy on it, Raymond James holding "outperform" on it. Check this out: http://finance.yahoo.com/q/ao?s=HLTH I am bullish on HLTH, both in a short term and long term.
CHB got new contracts from government last week, more contracts coming in when the government is ready to rebiult the cityies for Katrina victims : The Champion Home Builders factory is filling a 150-home order for the Federal Emergency Management Agency, building 800-square-foot, three-bedroom mobile homes. Each house will come with furniture and appliances: a couch, two chairs, beds and end tables, dining table and chairs, dressers, refrigerator and stove. "All they need to move in is a toaster and a coffee pot," said Colleen King, human resources director at the factory. Nationwide, Champion Enterprises is building 2,000 homes for FEMA. King said she could not talk about how much money the government was paying Champion for the homes, but according to the FEMA Web site, the national contract for Champion Homes is listed for $80.8 million. That's $40,400 a home. She said 15 new full-time jobs will remain even after the order has been filled. The requirements for the FEMA houses are much different from the houses the factory normally produces, King said. And because the government contract called for them to be built on a tight deadline, by Jan. 1, workers had to adapt to the process quickly. "The specs came from FEMA, and we were required to build to their codes," King said. One requires the houses to meet the criteria of "Wind Zone 3," which means the houses must be able to withstand 110 mph winds. The process has been a challenge, King said, because the factory also has to continue manufacturing its other lines of houses at the same time. "There were so many families who were displaced, and this situation needed immediate response," King said. King doesn't know whether the houses will be permanently placed, but eventually they will be shipped to staging points in Texas, Arkansas and Mississippi. About a dozen houses on trailers sit outside the storage area north of the factory, with tags marked "FEMA." They are ready to go as soon as the government says it's time.
This week LSI Logic unveiled two new chips aimed at giving DVD and personal video recorder manufacturers an inexpensive way to offer ATSC SD and HD recording and playback. With an FCC mandate of March 1, 2007, looming requiring the addition of an HDTV/ATSC tuner capability consisting of a digital tuner, an 8-VSB demodulator, and an ATSC-compliant HD decoder processor to peripheral systems, LSI Logic said the time is right for its new DMN-8633 and DMN-8683. Based on the companyâs DoMiNo architecture, both are single-chip solutions for ATSC-compliant HDTV DVD recording systems. While they are aimed at consumer products, the new chips could fuel broad acceptance of HD home recording devices based upon their relative low cost and high performance. As a result, they may be a critical factor in the equation that motivates a consumer to upgrade to high definition television. LSI Logic senior product marketing manager Ed Silva said the new chips and the role they play in the future of HDTV is potential and the market is huge. As we know that HDTV will be standard in 2007. Till then, most of the family use HDTV, we can imagine how big the market is. LSI's stock recovered since last month from low $ 7, I am bullish on LSI here and aiming for at least $10 target.
Add more shares of GEOI and ABLE here for oil price jump play. Winter Storm come too early this year will push the heating oil price much higher than expected. Easy money here for small oil stocks. GEOI might go back to its $15 level and ABLE also. Natural gas prices jumped to a new high Thursday and oil prices also climbed as cold weather across the U.S. Northeast, Midwest and elsewhere raised concerns about increased demand for home-heating fuels this winter. ADVERTISEMENT But some brokers said they were stunned by the market's apparent knee-jerk reaction to freezing temperatures and snow, chalking it up to speculative buying. January natural gas futures surged by $1.20 to $14.90 per 1,000 cubic feet on the New York Mercantile Exchange -- a new intraday high for the front-month contract. The previous record was $14.75 set when the December contract was the front month. The rally in natural gas helped fuel the runup in oil prices.