Category Archives: Hot Stocks

Exit $CLF at Open

Due to the weakness  of the general market, CLF is not able to meet our target.  Time to get out.  We issued an alert to get out the remaining 2/3 positions at open today.  We got out @9.27 at open today.  Members took profit for 1/3 of the positions overnight for over 7% profit on Jan. 11, 2017.  Some of our members, heeded our stern warning

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Frankly, We Don’t Give a Damn About News

Why didn’t Bank of America’s stock go to the moon after reporting fourth quarter beat the earnings expectations?  Not only it beat the earnings expectations, BAC also provided very rosy outlook for the first quarter of 2017.  The market didn’t care.  It was promptly sold off against a prior cycle high. 

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Short $BAC Right NOW-Weekly Cycle Top Is In

Sell market order short $BAC NOW, stop loss 23.41. Market order filled @ 23.22 at 10:20am. The weekly cycle top is in @23.41.  Downside target is 19.82-20.00.  We are long term bullish with BAC, but a correction is healthy for it to resume the move.  The anticipations of good earnings have baked in the price.  Today it ran up to 23.41 in a hurry and was promptly sold off from there. 

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$DRG Drug Sector Under Assault

On January 1, 2017, we at PricenTime.com advised that the six-year old drug sector has been in correction since August 2015.  The bounces were temporary reaction from the election.  This sector will be under renewed pressure due to the open attack from President Elect Trump.  The underlining causes of the decline have been revealed and that will further propel

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$CLF Partial Profit Taking

We recommend take partial profit for 1/3 of the position today. This partial profit taking generated more than 7% overnight.  This is a member blog.  Please join us to see the detailed information.

Due to the weakness in the general markets and the fact that CLF is in the late stage of the weekly cycle, we recommend caution and take some profits.

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