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Chris L

Monday’s Moves for March 6, 2017

  • 1.Snap Inc. (SNAP) surged another 10.67 percent, giving as predicted, massive profits for speculators. The timing now is knowing when to sell. Otherwise you become the bag holder.
  • 2.Facebook is the stock to hold once SNAP bulls run out of steam. Twitter is good value compared to SNAP. Timing the triple arbitrage is everything.

  • 3.Seadrill Ltd. (SDRL) warned of BK – bankruptcy – in its report. Avoid this company. Take a loss if you hold the stock. Hold Transocean (RIG) instead.
  • 4.Valeant Pharmaceuticals (VRX) has yet to find support. A revision on 2017 and 2018 price targets is pending.

  • 5.In the resource sector, Chesapeake Energy (CHK) continued its downtrend after the “double top” at $8.00 a share. The action is random at this time. Freeport-McMoRan, Inc. (FCX) is holding the $13. Is this an entry point for those who missed the run to $17?
  • 6.Unsurprisingly, Hudson’s Bay buying Macy’s Inc. (M) is in doubt. How does a smaller company buy a bigger one with banks saying ‘no’ to financing? This is a rhetorical question.
  • 7.Advanced Micro Devices (AMD) now must hold the $12. That’s the 20 and 50 SMA (moving average). LT 200 SMA is $8.00 but a fall that steep is unlikely. A Ryzen deal with Dell, HP will squeeze the 10.86% short float once and for all.
  • 8.Nutanix (NTNX) plunged 26%. Watch out for insider selling. Watch HP Enterprise (HPE).

  • 9.Watch bonds. 30 Year Treasury (TLT) will signal the magnitude of rate hikes this year in the US.
  • 10.What stocks are you watching? Post in the comments below and “Like” this post to signal to others to respond. Conveniently sign in via StockTwits or other social logins.

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