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Monday, January 11, 2010

Before and after pictures for Wall Street!


So I touted WYNN as my New Year's stock, and you got this chart.


Now the chart is this, and I took my 800% on my January call options. In just two days!




So people asked me for another play. I put up this chart on CMI, and touted the Jan 49s calls at .65.


Here's CMI's chart today. I exercised my calls and hit the bid on the stock and took another 800%. Why take the profit? Because it hit my 800% rule. When I make 800% in a week, I take it! As advertised!



Friday, I gave you this chart of CAT, saying "Catch that CAT!"


Here's CAT's chart today!

That's before and after, Wall Street style!

Now maybe some of you bearish hedge funds, need to get your NAV up. But did you check out the chart on Navistar?






Another pick, and unlike Madonna, no photo shopping needed! (She really doesn't need it either!)

As advertised!!!

9 comments :

Anonymous said...

What about JOE? Still think it gets bought?

Palmoni said...

Yeh I know its been a laggard. I think it sold off because the Panhandle got so cold. You know how Wall Street thinks--omg--FL is too cold no-one will move down to the Redneck Riveria--they'll only go to South FL

Anonymous said...

how did you spot CAT like that?

that's a nice run! great job

Anonymous said...

Palmoni,

What do you think about HL at this point? I rarely check the yahoo boards but everyone has been complaining that insiders have been selling shares.

Thanks

Palmoni said...

I think HL is just consolidating here.

and the insider sale--i thought it was mentioned in Barrons probably where that story got legs i think the stock is OK

Anonymous said...

Thanks Palmoni. do you have access to the barons that i can read? i do'nt subscribe.

Palmoni said...

CAT?

fundies
technicals
lady luck

and the Wall Street story

put them all together and you get stocks to move.

Palmoni said...

THE SHADOW OF THE GREAT credit squeeze of 2008 has faded like a bad dream for many companies, but some, like Hecla Mining (ticker: HL) are still struggling to escape its effects. Further tarnishing the precious-metals miner's outlook, the company's top executives sold a combined $2.5 million in shares this week.

Five Hecla executives sold shares this week. On Thursday, Don Poirier, vice president of investor relations and corporate development, sold 26,000 shares for $174,200. The day before that, President and Chief Executive Phillips S. Baker sold 130,000 shares for $887,614, or an average price of $6.83 a share.

After the sales, Poirier and Baker held 177,056 shares and 1.5 million shares, respectively, including exercisable options.

On Jan. 5, Dean W.A. McDonald, vice president of exploration, sold 24,000 shares for $158,880, or an average price of $6.62 a share. And on Jan. 4, Ronald W. Clayton, senior vice president of operations, sold 113,525 shares for $744,758, or an average price of $6.39 a share, and James A. Sabala, senior vice president and chief financial officer, sold 85,000 shares for $547,545, or an average price of $6.44 a share.

After those sales, the three executives' holdings directly and through exercisable options were: 255,301 shares for McDonald; 203,431 shares for Clayton; and 183,059 shares for Sabala.

The five executives each hold less than 1% of the company's outstanding shares.

Hecla shares have blasted past the competition over the past six months, gaining 190%. Silver Wheaton (SLW) shares have gained 124% over that period, while Pan American Silver (PAAS) shares gained 48%.

Poirier says he and the other executives sold the shares to offset personal taxes on deferred compensation. Hecla's financial situation was tenuous after an ill-timed mine acquisition prior to the credit freeze of in 2008. Instead of paying the executives' 2009 wages in cash the company decided to defer them by paying in the form of restricted stock.

"When the shares vested on Jan. 2, they immediately became a tax liability," Poirier says.

Headquartered in Coeur d'Alene, Idaho, Hecla mines, processes and explores for silver and gold in the U.S. and Mexico. The company currently produces silver from two mines: Greens Creek in Alaska and Lucky Friday in Northern Idaho. Hecla's market capitalization is $1.6 billion, and its revenue for 2008 was $192 million.

In April 2008, Hecla completed the acquisition of the remaining 70% of the Greens Creek mine from former joint-venture partner Rio Tinto (RTP). The $750 million purchase price was fulfilled in part with a $240 million bridge loan, which Hecla was unable to refinance after the credit crisis hit. The company was then forced into a series of equity offerings to recover its financial stability.

Hecla has since eliminated that short-term debt, says Michael D. Curran, an analyst with RBC Dominion Securities who rates the stock at Sector Perform. But, he says the company had to stop spending money on exploration in order to deal with financial problems, leaving it without a pipeline of projects that most peers have.

"The way we look at it, they had two problems: a weak financial position and a lack of growth," Curran says. "They've solved one of those two problems, but we can't be bullish until they solve the other."

Anonymous said...

thank you very much Palmoni.