Friday, October 31, 2014

Is Ebola About To Get Worse? Lakeland: LAKE Hazmat Suit Orders Go Exponential, Surpass 1 Million

Almost exactly a month ago, long before the Texas Ebola fiasco, when virtually nobody had heard of a small company out of Ronkonkoma, NY called Lakeland Industries and whose only product is "industrial protective clothing for industry, municipalities, healthcare and to first responders" i.e., Hazmat suits, we asked "i) who will get sick next and ii) how bad could it get?" For the answer we focused on the recently announced order of 160,000 Hazmat suits by the US State Department which had come at a time when the CDC was urging everyone that there is nothing to fear and that Ebola is under control. Not surprisingly, shortly thereafter the Ebola situation promptly escalated and led to not only the first Ebola death and Ebola transmission on US territory, but also the first Ebola infection in New York City.

Fast forward to today when shortly after the close, and minutes after it announced the completion of another $11 million follow on offering, Lakeland surprised everyone, and especially those who are short the stock, when it released the following "Update on Business Activity Relating to Ebola Crisis" in which it announced that it has, by now, received a stunning 1 million Hazmat suit orders and rising exponentially. (more)

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CORN: Simple Economics Say: Buy This Commodity Now

Growing up I swore to myself that I never wanted to be a rancher or farmer -- moving irrigation pipe, caring for cattle, bucking bales of hay -- needless to say the work was strenuous.
But the older I get, the more I find myself yearning for the back-breaking work and solitude that comes with the gig. Luckily, I still have a close connection to it. Growing up in a tiny village in the northwest, ranching and farming is -- next to mining -- probably the largest employer. And my father keeps a pulse on the agriculture business, as it directly affects his business.
So I do my best to pick his brain about happenings in the agricultural business. And when we recently talked I was particularly interested in what was going on in the corn and wheat sectors. What he told me was exactly what I wanted to hear...
Right now, there's a ton of supply in the corn and wheat markets. Thanks to exceptional growing conditions this year.
In its most recent report, the United States Department of Agriculture (USDA) announced corn production came in at a record-high 14.5 billion bushels. And this is how it's been all year... This news has caused corn prices to plummet:

It was this freefall that caught my attention. That's because I think conditions are ripe for a rebound in both corn and wheat prices -- especially for corn. And it's all thanks to an aspect of commodities investing that I doubt many investors know about. But if you can grasp the idea, you'll make a killing. (more)
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Weekly Gold close setting up to be Important

traderdannorcini.blogspot.com / By Dan Norcini / October 30, 2014
In looking over this intermediate term chart, and surveying its current bear market, I have noticed that since its peak near $1900 some three years ago, the metal has only ONCE managed to CLOSE out the week BELOW $1200. See the arrow…..

The close this week will therefore be critical in determining whether or not we are going to be more downside follow through and another test of the key $1180 level or if we are going to sit and grind sideways for a while longer yet.
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The GEO Group Inc (NYSE: GEO)

The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. The company owns, leases, and operates a range of correctional and detention facilities, including maximum, medium, and minimum security prisons; immigration detention centers; minimum security detention centers; and community based re-entry facilities.
Take a look at the 1-year chart of GEO (NYSE: GEO) below with added notations:
1-year chart of GEO (NYSE: GEO)
GEO has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. GEO’s rectangle pattern has formed a $38.50 resistance (red) and a $36 support (blue). At some point the stock will have to break one of the two levels created by the rectangle pattern.

The Tale of the Tape: GEO is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $36, or on a breakout above $38.50. The ideal short opportunity would be on a break below $36.
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One of the Best Trading Setups I've Seen Since 2008

Times are tough for junior mining companies...
 
The "Dow Jones Industrials" of junior miners – the S&P/TSX Venture Index – is down around 23% from its August highs.
 
Many junior mining companies are struggling to survive. And there's likely more downside ahead.
 
But the reason why is creating a great opportunity for speculative traders to make a lot of money...(more)
 
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