TFN eNews 10/16/2009: Can you settle our argument?
Published via e-mail broadcast on October 16, 2009
In today’s TFN eNews:
* Screwed at a discount
* The best commodity
* Strategic trading gains
Dear TFN eNews reader,
Leave it to my homeys back in Berlin to put to shame American liberalism.
Maryland “progressives” still like to play green by driving their Priuses to suburban farmers markets for their $20 arugula or spend a thousand bucks on growing worm-eaten carrots in their Depression gardens. But exemplary German environmentalism is turning even the red-light districts green.
A Berlin brothel called Maison d’Envie (House of Desire) now combines environmentalism, thrift, and the urge to merge — offering a discount to patrons who ride their bicycles to the cathouse.
To qualify for the five euro discount, johns simply flash their bicycle padlock key at the receptionist. (They don’t say you have to wear it on a string around your neck.) Or, alternatively, show a bus ticket.
People who walk or have a monthly bus pass are plain out of luck, though: Management hasn’t found a way for them to prove they actually walked!
The idea has potential. I can’t help picturing ex-New York governor and consumer crusader Elliott Spitzer, with a bicycle clip on his right pant leg, haggling for five bucks off with the multi-talented Ashley Alexandra Dupré. Or the president’s ACORN buddies recommending bike racks to prospective operators of houses of ill repute.
Now that would be change I could believe in!
*** This was a busy day over at our options trading service, TFN Strategic Trader. With several contracts expiring with the closing bell, including three covered call plays, Andrew Snyder’s options traders had some serious selling to do. Andy wrote:
“Three of our covered call positions have come to maturity today: Our YRC Worldwide (NYSE:YRCW), Osiris (NASDAQ:OSIR) and our Apache (NYSE:APA) positions.
“The options side of our YRC Worldwide and Osiris plays are expiring out of the money, just like we want. For YRC Worldwide, that means gains of about 97%.
“With Osiris we’re still in the red. But we do not have to lock in the losses. Because both sets of options are expiring out of the money, you don’t have to do a thing with them. You will still hold the underlying stock, however. (I think it’s wise to hold on to the underlying stock for another week or so as shares recover from their recent steep slide.)
“With YRC Worldwide, we’ll sell the equities side of the play at today’s close and lock in the big gains. Congratulations on them, by the way. As for the Apache covered calls, the October 75.00 calls are in the money, meaning your options will be exercised if they have not been already. That means we lock in gains of about 17% by unloading the shares at $75 each.”
*** Maybe you can help us settle an argument at the TFN’s Hot Stock Confidential editorial office. We were discussing — well, arguing is probably more accurate — what the best commodity is to buy into right now.
I’m sticking to my story that silver is the best… given its key applications in some politically correct industries. And right now, I have the goods to prove my claim, with 52% gains taken on Hecla Mining, 39% taken on Coeur d’Alene, and our remaining silver play Silver Wheaton up 50%. (Find out what our current silver pick is by becoming a member of Hot Stock Confidential: http://www.todaysfinancialnews.com/HSC/ridic/EHSCK904.html)
Laura Cadden thinks there’s immense potential in uranium. I’d be tempted to agree… if I saw any chance for accelerated growth in nuclear power emerging in the United States. I contend the liberals in the current administration are more likely to blow a billion bucks in developing dandelions as an alternative energy source than spend a thousand on nuclear energy.
Andrew Snyder is more pensive: “Hmmm… I’m still bullish on platinum-group metals for their industrial use and their value as inflation hedges. Once the dollar tidal wave comes to shore, it’s going to drop fast and ferociously!”
Can you settle our argument? What do you think? Let us know what you believe is the most promising commodity to own right now. Just email me at support [at] todaysfinancialnews [dot] com.
*** “Investors don’t know what to do,” writes TFN’s market maven Andrew Snyder today. “A lackluster third-quarter earnings season is telling them to sell and run. Yet a ‘psychological’ breakthrough yesterday has investors ready to sell the farm and go all in. It’s going to lead to trouble!
“Even though the overall market is looking tipsy, it doesn’t mean there isn’t a whole host of investments worth making, especially overseas, where the notion of economic growth is alive and well. There are three stocks making big moves today worth talking about. Two of the big gainers have China’s economic rebound to thank, while the third is about as American as you can get. We’ll start on the domestic front:
“Shares of Krispy Kreme Doughnuts (NYSE:KKD) were up by nearly 20% yesterday thanks to a massive surge of volume. With no headline-making news out of the company, investors are wondering what’s up.
” Back when I ran a volume-based trading service, yesterday’s action would’ve been a sure-fire signal to research the situation in much more detail. After just a bit of skimming, I haven’t found a thing.
“No insider buying. No potential earnings leaks. Not a thing. But it’s important to remember this is a mere $315 million company. With just 67 million shares outstanding and an average of just 322,000 of the $4.50 shares trading each day, it doesn’t take much to send prices significantly higher. Keep off the bandwagon until things cool down a bit on this one. It won’t be long until today’s pop is all but erased…
The other two companies? Read on right here: http://www.todaysfinancialnews.com/us-stocks-and-markets/fat-americans-versus-lean-china-10186.html
*** The 3 Best Stocks under $3 to buy Now!
We expect these new recommendations to bring in gains of perhaps 145%… 55%… 67%. Better yet, I think we can take some of those gains before Christmas. But you have to act immediately! http://www.todaysfinancialnews.com/HSC/ridic/EHSCK902.html
*** Quote of the Day:
“Stocks could have another four to six months left to rally. That would be great news for increasing the wealth of the investor class and maybe even enhancing the animal spirits a bit. But the policy mix is all wrong right now. Health care entitlements and taxes punctuate the wrong-way policy mix.”
– Larry Kudlow, Creators.com
Recommended Reading:
Fat Americans versus lean China
Q4 Update: TFN Complete Guide to Stem Cell Stocks under $10
The 3 Best Stocks under $3 to Buy NOW!
Today’s Top 3 Financial News Stories:
AP.com – Senate Dems seek higher doctor payments “Maneuvering to boost prospects for sweeping health care legislation, Senate Democrats hope first to win quick approval for a bill that grants doctors a $247 billion increase in Medicare fees over a decade but raises federal deficits in the process.”
Bloomberg.com — U.S. Stocks Drop on GE, Bank of America Results, Consumer Data “U.S. stocks fell, pulling benchmark indexes down from a one-year high, as General Electric Co. and Bank of America Corp. reported disappointing results and a gauge of consumer confidence trailed economists’ estimates. The dollar rose for the first time in five days.”
Telegraph.co.uk — German ‘Wise Men’ fear credit crunch in 2010 “Germany’s leading institutes have warned that the pace of economic recovery is “unsustainable” and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.”
Cordially yours,
J. Christoph Amberger
Executive Publisher, TodaysFinancialNews.com
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