What's your Top Trade for next week?
Again, tell us why, what your holding period is and for a "bonus", discuss some of the risks and potential downside.
Best Answer
359 points
Dusty answered 2 years ago …
I am buying 'metals,' gold and silver. I am buying a small percentage of my total investment value, divided equally between GLD and SLV. Until now I have not held a position in either. I am looking toward selling after the first of the year but with a very close watch and my fingers crossed. I expect the market to fall down a well in the very near future, August is my first bet but if not then just before the end of the quarter in September. Gold should climb in Phase Two of the mortgage mess. Phase 2 is scheduled for Sept 1 through the end of December. Silver should move with Gold for the same reasons and in addition Silver is a critical industrial commodity already in short supply and getting worse. There are other things to buy but for now I am holding as much cash as possible and waiting for stock prices to get way down in that well. If the Genie in my little bottle of smoke is telling me the truth, Gold and Silver will climb steadily for at least the next couple of quarters.
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114 points
redlodge75 answered 2 years ago …
i like kodiac oil and oil sands quest kog, bqi, they have both pulled back for next leg up in my opion
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122 points
userjam5987 answered 2 years ago …
I'm with both of these guy's. I will be a buyer the next two weeks of large cap Gold and silver stocks. Gold will run to about 1250-1300 on this next phase, and the shares will rise with it. GLD and SLV are a great way to play it if you really unsure of what stocks to buy, but I really like FCX,GG,ABX,AUY,LIHR,SSRI,PAAS. I also like Oil Sands (BQI) & PBR.
Read more from userjam5987104 points
cpr48 answered 2 years ago …
JOEZ appears to be on the rise this week, people don't seem to be able to live without those special $120 to $180 jeans, jeans, jeans!!!!!!!! According to press releases the jeans are selling so well that this company is not only going to continue to sell its jeans through retailers it is in process of opening a few of its own retail stores!!!!! If you can get the stock at less than $2.00 buy it and my sell target is $3.00 for half of what I own in their stock. Will continue to hold some shares just in case it skyrockets a few dollars more than my target price!!!!!!! Appears to be moderate risk.........
TCHH is a high risk penny stock but I think it is a good buy at less than three cents a share!!!!!!!! I hope it skyrockets to ten or twenty cents a share due to possible merger acquisitions......... For a few pennies on the dollar it is worth the risk for a possible great return on investment of pennies!!!!!!
991 points
rvilmur answered 2 years ago …
My best stock buy for this week is AHR, Anthracite Capital which is an unfairly beaten down financial stock. The current dividend return is over 19% with the stock at $6.45 as I write. The last dividend payment at 0.31 was an increase from 0.30. Earnings are not dropping but the stock is down from a high of 14.48 in Nov of 2007 and a recent high of 9.59 of June 5. I believe that this is a stock that can be accumulated for the long term for both high dividends and capital gains.
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104 points
cpr48 answered 2 years ago …
Jeans, jeans, jeans, America is buying jeans even though the economy is in a rough patch. I own and I am buying JOEZ for the short term and the long term. Buying all I can get for less than $2.00 per share and will sell half of what I own when the price of the stock reaches $4.00 and hold the rest just in case it goes higher. A money maker!
Security, security, security. We need security, especially at airports. The magshoe security device seems to be the big up coming thing and is sold by IDOI. I own and I am buying IDOI for the short term and long term. Buying all I can get for less than $2.00 and will sell half of what I own when the price of the stock reaches $4.00 and hold the rest just in case it goes higher. A money maker!
TCHH. A high risk play. A special type of debit card. Due to possible mergers and acquisitions I own and I am buying all I can get for less than three cents a share! Will sell a little here and there as it rises to ten or twenty cents. A money maker with high risk but great rewards!
104 points
changewave answered 2 years ago …
My Top Trade is CBON a beaten down bank in Nevada. It earned 24 cents last quarter. Second quarter earnings are tomorrow. CBON has a book value of over $20 excellent management and tons of insider buying. Look for this to go back to 10 soon. .Insiders buying from $33 to $9 this stock has really taken a beating.Well capitalised Buy now hold for 10 perhaps a month or less. Double or more.It is now about $5.10 see this
http://www.secform4.com/insider-trading/51939.htm
2189 points
ChaosNantuko answered 2 years ago …
After the big rally in financials, and the fact that i don't see their condition getting better any time soon, i'm betting on another big drop, at least as far as the previous low at 17.00. At this point in time, the financials etf XLF is trading at 20.95. trading the equity would give a return of almost 20%. I think this drop will occur within the next 4 weeks, and instead of using the etf directly, i intend on using stock options. I'm going to buy the august 19/18 debit put spread by buying the 19 put, and selling the 18 put for a net price of no greater then 0.18. If XLF is under 18 on august 15th, the return is 455%. If its above 19, its a loss of 100%. If, at any time before August 8th, i have a return over 350%, i'm going to close the position early and lock in the gains.
After the events of last week, with high volatility due to news announcements, i've decided to hedge this position with a smaller, bullish option position on SPY. if financials do go up, the overall market is also likely to go up, and so this smaller option position should offset my losses on my XLF position. If financials go down, the overall market is also likely to go down, so my XLF position should be profitable even after the losses on my SPY position.
