Four Tech Stocks to Buy at "Stupid Cheap" Prices: BITA, SLCA, FLT, AMBA

It was Oct. 19, 1987 – Black Monday – and the stock market had just crashed. At the time, I was an analyst in the Financial District in San Francisco.
My then-boss called me from Wall Street. And he sounded like he was ready to sell everything.
But I had other ideas.
After all, if Macy's holds a 25% off sale, shoppers rush down in droves. So why do so many investors panic when the market corrects?
By doing so, they miss out on great bargains.
We're not doing that. We're going shopping…(more)

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JC Penney Company Inc (NYSE: JCP)

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating.
Take a look at the 1-year chart of Penney’s (NYSE: JCP) with the added notations:

After trading mostly sideways from March through July, JCP took off to new highs. Unfortunately, the stock fell off a cliff after that. You will notice that since March the stock has found support at $7 (blue) whenever that level has been approached. Now the stock is almost there again. Traders should be able to expect some sort of bounce, but if not, new lows for the year will follow.

The Tale of the Tape: JCP has a key level of support at $7. A trader could enter a long position at $7 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Should You Buy Steel Stocks Now?

After enjoying sturdy growth for most of the past decade, the steel industry suffered a setback in 2008 due to the recession, as consumers started utilizing existing inventories rather than buying new stock. However, the industry turned around in late 2009 and continued to grow thereafter, in tandem with global economic recovery.

Demand for steel benefited from the spurt of growth witnessed in the developing economies that helped counter the sluggishness in developed economies. Asia -- particularly China -- continued to act as the principal growth driver. (more)

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Bobby Casey: Diversify Your Portfolio Now

Bobby Casey, a renowned speaker on anarcho-capitalism, free-market economics, and offshore businesses joins Stansberry Radio

Why is now the time to internationally diversify your portfolio?

Listen as Bobby shares his view on how to achieve true freedom by internationalizing your life using the "the multi-flag approach."

Bobby talks about the implications of FATCA, the Foreign Account Tax Compliance Act. He considers it one of the worst pieces of legislation ever written... that few people know exists. Find out how this new law forces all international banks to become part of the IRS's worldwide police force.

Bobby also tells the listeners what he believes are the best ways to diversify their portfolios. He emphasizes the importance of:

·         Owning foreign real estate
·         Why investors should use the "Buffet Approach"
·         Geo-political diversification
·         Why everyone should own hard assets
·         Having a second passport
·         How Airbnb.com is becoming a great business for international investors

Although it's becoming much more legally difficult to invest internationally, it's not too late.

This is a good show that will make you think about how you diversify your money and keep it safe. (click here for audio)

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Three Reasons Why You Should Expect a 30% Market Meltdown

You’re too late to avoid the bear market, so get ready
by Mark D. Cook
Market Watch
In a commentary for Marketwatch just over two months ago, I predicted that the U.S. stock faced at least a 20% correction. The signals now point to a 30% downturn.
This recent market volatility VIX, -2.54% is just the beginning. The declines that corrected prices more than 10% in both the Russell 2000 Index RUT, +0.21% and the Nasdaq Composite Index COMP, +0.69% encompassed the majority of the market, and these stocks have begun their descent. Meanwhile, both the Dow Jones Industrial Average DJIA, +0.76% , containing 30 stocks, and the S&P 500 SPX, +0.71% have yet to correct 10%, but historically they are the last to fall.
Continue Reading at MarketWatch.com…
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What Happens When You Run Out Of VIX To Short?

zerohedge.com / by Tyler Durden on 10/27/2014 15:23
You just short some more…
Since December 2013, there have been more shares short than shares outstanding in VXX – the VIX ETF.

Currently, there are 2.5 times more shares short than shares outstanding… as oustanding collapses to six-month lows as shorts surge to a new record high…
READ MORE
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Why Biotech Stocks are Screaming “Buy Me” Right Now

by Greg Guenthner
Daily Reckoning

That bright neon sign you’re looking at are biotech stocks flashing, “Buy me!”
So put down your morning joe. Go ahead, do it. And ignore all incoming e-mail for the next few minutes. Because the biotech breakout has arrived — and it can make you a bundle over the next few months.
That’s right. Forget about this month’s stock roller-coaster ride. Yeah, sure, it was painful for some. But it’s time to hop aboard biotech…
I can see you there right now, arms crossed, getting up in my grill: ‘Oh, yeah, Guenthner? I just lost a bunch of dough on stocks. You think my wife’s gonna let me buy biotech now?’
Continue Reading at DailyReckoning.com…
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