*Buy Nucor Corporation – Talk of Buff interest

We recently talked about Nucor’s being cheap and how it was oversold and today there’s a speculation on the BIG man, Warren Buffett, acquisition probables!!! Wow I’m elated to have put that in the watch list a week before, though I had no idea this news was coming out !*^%& I liked it on a fundamental base and technical basis then. Hurray. Read the bloomberg article that mentions the news.

The stock has very recently traded as high as $68. I made a very bad trade of buying at around $67 and I think I sold it off at 62 or 61.5 taking a loss on the trade after they reported a bleaker quarter than the street expects. The stock gave away most of it’s recent gains after the CEO said ‘ there were no speculations about any take overs’ on Fast Money. The stock is now trading almost at a 9 month low. I recently wrote about how all the technical indicators showed that the stock was oversold at around $52-$53 on July 26th. I liked the fundamentals when the stock was at $65….though just for a trade. I loved the fundamentals as an investment/trade on 26th after that near 22% drop in less than 2 months. These renewed speculations would actually make this a very good stock to own even for a trade…not only an investment.

To read more about the technicals go to this link which I posted on 26th.

http://youradu.wordpress.com/2007/07/26/wow-such-dips-but-dont-buy-anything-yet/

I have not yet bought NUE owing to the volatility. And now that volatility will be the pumper of the stock. The thing that was the worst till tonight will be the best thing now.

Good Luck. Pull this trade off quickly.

Thanks,

Your Adarsh.

*Sec probe on Jim bramer.

The Continuous pathetic news and pathetic performance from NYX has led the SEC to take some major investigative steps. The US Securities and Exchange Commission reportedly charged Bim Brame who supposedly owns a charitable trust. The charges were made on both bramer and his trust
When asked about what led to the start of the investigation, SEC Chairman, Mr. Bhristopher Box, commented that Bramer, who supposedly named as one of the best traders in the market and who is respected by gazillions of investors, was been dead wrong on his ’stocks of the year’. Mr. Bristopher, reported they ran a secret investigation to zero in to what was supposed to be the largest fraud on the street.
Bristopher said the preliminary results from their investigations revealed a possibility of illegal payments from at least one of the stocks of the year. Rigorous investigations revealed yesterday that there were payments of as high as 380 million dollars from Bew Bork Stock Exchange and Bisco, which were named in the top three stocks of the categories. Reports indicated that when Bramer mentioned the deal to Steven Bobs, CEO of Bapple Inc, refused saying that they have good products coming out this year and that they would consider the oppurtunity in 2008 when there will be not so many products coming out into the market as in 2007.
The unresolved question now in the hands of Bristopher, still has some work to do, on to zero in why then has Bramer named Bapple in the top three? Is it just because he wanted at least one real performer without any artificial hype? Or is it because he believed Steven Bobs would consider the deal if Bramer seemed interested in the company? Further reports should only reveal this.

Click on the link for latest update ….

www.yanews.blogspot.com

Stay with us for updated information.
Your Adarsh, YAnews.

*Sell First Solar …. Needs to be repriced….Don’t catch the knife yet.

First Solar, Inc. (SHORT IT)

(Public, NASDAQ:FSLR)

Though, First Solar is in a very hot sector, semi conductors which is in a bullish mode. But the stock trades at a very high P/E ratio. It is almost 92% overbought. We recently broke the triple bottom at $104. This opens door for the next support level at around $80. Fet out of First Solar or short sell some, if you have the ka-ching. Get out of the quagmire as quickly as possible. Don’t struggle there and get buried.

From the fundamental point of view : the stock now trades at a P/E of around 125.5 which is too high even for a very strong growth stock. The company recently announced its quarter results.

First Solar posted profit of $44.4 million, or 58 cents per share, compared with a loss of $2.5 million, or 5 cents per share, for the same quarter in 2006.

The 2007 quarter’s results included a one-time income tax benefit of $39.2 million, or 51 cents per share.

This represents that the company made 7 cents a share where the analysts expected a 3 cents per share. But that is not enough to keep a stock trading at these shockingly high levels. The stock is in dire need of repricing and it’ll undergo the repricing in short term. Third quarter in terms of stock price doesn’t look rosy.

We are short FSLR at $106 and were waiting for confirmation of the break of triple bottom at $104…we have it confirmed now.

Hope that helps in your trades.

YOUR ADARSH.