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Positive Outlook from LDK Chief Boosts Solar Stocks and Options

May 29th, 2011

Today’s tickers: LDK, BP, ASH & VIA

LDK - LDK Solar Co. Ltd. – The prospects look brighter for solar panel maker according to its president who told Taiwanese electronics website DigiTimes that the industry hit its low point in the first quarter. LDK’s chief also told the website not only to expect a second-quarter rebound but that the industry was not playing out investors’ currently pessimistic scenario. Adding fuel to a rally across shares in the renewable energy sector was confirmation from Germany that its last nuclear power station would close in 2022. One investor struck to make a bullish play on LDK by writing put options expiring in less than three weeks raking in a total premium of $145,000. The investor sold 5,000 put options for 29 cents apiece guaranteeing to take delivery of 50,000 shares at $7.00 each by June 17. Just two weeks ago LDK’s share price meaningfully breached $10.00 for the first time since September on fears for earnings across the industry. Last week they traded as low as $6.14 before today’s rally took hold and kicked them back to as high as $7.24. Currently the

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Tags: Solar, Solar Stocks

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Hot Penny Stock of the Day; Mammoth Energy Group Inc.

May 28th, 2011

Shares of Mammoth Energy Group Inc. (PINK: MMTE) are soaring in today’s trading. The penny stock is currently trading 23.81% higher at $0.0026, with volume up from daily average of 73.62 million to 229.78 million.

The penny stock of Mammoth Energy is soaring after the company today announced that its wholly owned subsidiary in Chile, Compania Lithium Investments Limitada, acquired an initial thirteen lithium concessions for a total of 3,500 hectares in the southern section of the Salar de Maricunga basin, which is located in the province of Copiapo, Chile.

Mammoth Energy earlier this month released its first-quarter financial results. The company did not have any revenue in the first quarter of 2011. It reported a loss from operations of $100,120 for the first quarter. The company’s first-quarter net loss was $219,006. At the end of the first quarter, the company had $37,734 in total assets.

Mammoth Energy Group is engaged in the acquisition, development and operation of strategic mining energy reserves locations throughout the world. The company seeks to become a leading energy supplier and operator.

Tags: Energy Group, Energy Group Inc, Group Inc, Inc

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(HPQ) Hewlett-Packard Second Quarter Earnings Preview

May 28th, 2011

Hewlett Packard Company (HPQ) is scheduled to announce its second quarter 2011 results on May 18, 2011, after the close of market and we don’t see much variation in analyst estimates at this point.

Fourth Quarter Overview

The company reported first quarter 2011 earnings per share (EPS) of $1.36, exceeding the Zacks Consensus Estimate of $1.29. However, revenue of $32.3 billion fell slightly short of the Zacks Consensus Estimate of $32.9 billion.

HP’s revenues increased 4.0% to $32.3 billion reported in the year-ago period, on a constant currency basis. The company reported broad-based revenue growth across all its segments. Moreover, the company saw sequential increases in every category; which includes consumer, commercial, desktop and notebook.

On a geographical basis, the Americas reported a 5% increase in revenue. Increases of 4% and 2% were also recorded in Europe and the Middle East and Africa, respectively. International markets accounted for 65% of the total revenue in the fourth quarter, with revenues in the BRIC countries (Brazil, Russia, India and China) increasing 11% on a year-over-year basis and comprising 11% of the total revenue.

Diluted earnings per share on a GAAP basis were $1.17 in the first quarter compared with 93 cents in the prior-year quarter. Aft

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Tags: Quarter, Second Quarter

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Added To Shorts, I’m Crazy

May 28th, 2011

Added back to my 50% short fund position bumping it up to 100%. I’m playing for the next two days and am expecting we end the week lower than today’s close.

If by some chance we completely rally into Friday’s close, I’ll probably cash out and look to go long as all red indications would have flopped over. I can’t play for that possibility until it happens.

Futures are slightly green. Expecting a higher morning followed by a later day selloff.

Profits were relatively protected. EDZ didn’t get hit that badly today, had a profit cushion from the past two days drop in the funds to cushion this drawdown, and SDS wasn’t hit either.

I added to EDZ and SDS heavily at the close and like I said earlier doubled up my 2x inverse fund position to 100%. Also bought some EUO calls. This is the 2x inverse Euro etn.

Tags: I’m, I’m Crazy

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Monday Market Movement – The Low Ranger

May 21st, 2011

What a wild month this has been.  

As of Fridays close, all of our US indices were off at least 2.5% from the end of April with a week to go in May.  We got the pattern we anticipated for the month but were only as good as our last call so now what?  

Well, to a large extent that will depend on how we handle those 2.5% lines but that is just going to be a measure of how well (if at all) we are staving off a major correction.  There is plenty of POMO power left in the Feds gun with Stock World Weekly reporting $28Bn in the first 4 days of the week to be showered on our Bankster buddies.  

Also on the schedule for next week are New Home Sales on Tuesday, Durable Goods and Home Prices on Wednesday, GDP (2nd Estimate) along with the usual Jobless Claims on Thursday and Friday, in case anyone hasnt left early for the long weekend its Personal Income and Spending along with PCE Prices AND Pending Home Sales.  

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Penny Stock rockets Past 300% Gains in 3 Days; InoLife Review

May 20th, 2011

InoLife Technologies Inc. (PINK: INOL) shares are climbing in today’s trading after the company announced that it will release commercial spots for its DNA-based products. At last check, the penny stock was up 5.26% to $0.0060. InoLife shares gained more than 300% in the last three trading sessions.

InoLife today announced that it will release three more commercial spots highlighting its DNA-based products. The commercials will be developed by Wayne Wiggins through his own production company, Wideshot Productions. The company recently appointed Wiggins as Vice President of Advertising. The company believes that commercials and overall advertising are key to its goal of achieving mass sales and brand recognition for its consumer-based DNA products.

The company’s DNA-based products give individuals meaningful information relating to ancestry, genetic makeup and possible predisposition to some diseases.

Commenting on three additional commercial spots, Gary Berthold, CEO of InoLife, said that showcasing the company’s products in this format is part of the initiative to reach a broader consumer audience. Berth

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Tags: Inolife, Inolife Review

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