Monday, July 29, 2013

Biodel (NASDAQ: BIOD): Under $5 Biotech Stock on the Verge of a Potential 82% Breakout

I like trading biotech stocks under $10. These little dynamos can be powerful wealth creation tools if wisely chosen and traded within a well-diversified portfolio.

I am sure I don't need to say it to any experienced investors, but a word of caution is needed whenever mentioning biotech trading. Biotech stocks are notoriously volatile and can be an account killer if not managed with the utmost respect for risk. 

Knowing which biotech stocks to buy and which to avoid is a science in and of itself. This process can become so complicated that often the best biotech investors are medical doctors or pharmaceutical research PhDs. These individuals can drill into the scientific nuances of the various biotech products to determine the ones that have a high chance of success.

Well, what about the rest of us -- those of us without high-level degrees in the sciences? Is success still possible trading biotech stocks? (more)

Please share this article

HMS Holdings Corp. (NASDAQ: HMSY)

HMS Holdings Corp. provides cost containment services to government and private healthcare payers and sponsors. The company's services include co-ordination of benefits and program integrity services. Its co-ordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to co-ordinate benefits for incoming claims; and program integrity services identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements. It serves state Medicaid agencies; the centers for Medicare and Medicaid services; commercial health plans, including Medicaid managed care, Medicare Advantage, and group health lines of business; government and private employers; Pharmacy Benefit Managers; child support agencies; the Veterans Health Administration; and other healthcare payers and sponsors.
Please take a look at the 1-year chart of HMSY (HMS Holdings Corp.) below with my added notations:
1-year chart of HMSY (HMS Holdings Corp.) HMSY has a very important price level at $26 (navy) that has been both support and resistance over the last (6) months. The stock also has a clear lower level of support at $22 (blue). In between those levels you can see that $24 (red) is not an uncommon area of support or resistance either. So, in addition to showing clear levels of support/resistance, HMSY is also showing you that it tends to react to each $2 increment.
The Tale of the Tape: HMSY is currently trading between its $24 and $26 levels. A long position could be entered at $24 or on a break above $26 with a stop below the level of entry. If HMSY breaks below $24, another long play could be made at $22. If you are looking for a short trade instead, a break below $24 would provide you with that opportunity.
Please share this article

Europe is a Hot Mess ~ Alasdair Macleod

It's almost August, the month everyone in Europe takes off on holiday to forget their troubles. This year may be different, though, as not only can many not afford a vacation, but Europe's troubles loom so large that forgetting them won't be easy...

In this podcast, Chris talks with's European economy expert Alasdair Macleod about the current state of the Continent. As a reminder, Chris is keeping a keen eye on events in Europe, as he sees the region the most likely candidate to serve as the flash-point for the next major global financial crisis. Sadly, Alasdair has few reasons to convince him otherwise. 
Please share this article

4 in 5 in US face near-poverty, no work

Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.  (more)

Please share this article

InvenSense Inc. (NYSE: INVN): This Tech Stock Could Double Soon

The technology I want to tell you about today is one of my best investment ideas.

And not just because it saved my life.

I’m talking about “location-based services,” the technology that allows your smartphone to show where you are… or tell you where you need to go.

It’s a technology that has double-your-money profit potential because of all it can do.

It can help you find the nearest retail sale, guide you to the seafood house where you have reservations, or get you to a hotel for a good night’s sleep.  (more)

Please share this article

A Recipe for Success: One of the Biggest and Best Mining Packages, Balmoral Resources: BAR.V

There are certain time tested business models which have a high probability of leading to major rewards for early shareholders. But not everyone can do it. As a matter of fact, few people do.

That’s why I am about to introduce a company whose management team was able to turn their $0.13 stock to a $3.00 buyout in less than 12 months – a potential return of 2215%.

A $10,000 investment could have returned you $221,500.

That same team is giving investors another opportunity. Only this time they are even bigger…and better.

Their newly formed company now owns one of the largest land positions in the Abitibi – home to the second largest accumulation of gold in the world.  (more)

Please share this article

US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
10 am Pending home sales index     -- 6.8%
9 am Case-Shiller home price index May   -- 12.1% y-o-y
10 am Consumer confidence index July   81.2 81.4
8:15 am ADP employment July   175,000 188,000
8:30 am GDP 2Q   1.0% 1.8%
8:30 am Employment cost index 2Q   0.4% 0.3%
9:45 am Chicago PMI July   53.5 51.6
2 pm FOMC announcement        
8:30 am Weekly jobless claims 7/27
-- 343,000
9 am Markit PMI July   -- 51.9
10 am ISM July   52.0% 50.9%
10 am Construction spending June   0.5% 0.5%
TBA Motor vehicle sales July   15.9 mln 15.9 mln
8:30 am Nonfarm payrolls July   175,000 195,000
8:30 am Unemployment rate July   7.5% 7.6%
8:30 am Personal income June   0.5% 0.5%
8:30 am Consumer spending June   0.5% 0.3%
8:30 am Core PCE price index June   0.2% 0.1%
10 am Factory orders June   2.2% 2.1%
Please share this article