*GM BANKRUPTCY SIGNALS THE END OF AN ERA
*FIAT, UNIONS, US AND AMERICAN GOVERNMENT WILL BE INVOLVED ON THE NEW CHRYSLER
*DOW JONES CAMPS IN THE 8000 RANGE
Astoria, New York
Two US car giants will make news on Monday June 1st. GM is expected to file for Chapter 11 and most likely all existing shareholders will be wiped out, while Chrysler will know what the judge will say about the new company which will be controlled by an italian automaker FIAT.
GM, Chrysler and Ford, the US big 3 aren't as powerful as they were in the last millenium. Ford is the only one that was strong enough to avoid bankruptcy while Chrysler was the only company not publicly traded. Out of this big mess, emerges Italy's ex Agnelli family jewel FIAT.
FIAT has really not been involved in US market for a few decades, but now it has the chance of returning with a new beat by controlling Chrysler. In the meantime, the DOW has been trading in a narrow range in the low to mid 8000 level, with support at about 8000. With economic news
showing some signs of recovery and some continued negativity, the Dow's recent spring rally has come to a halt. The Dow is expected to trade in the 8000 range for June.
Sunday, May 31, 2009
Saturday, May 9, 2009
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MARKET CONDITIONS AND TECHNICALS ON OVERSOLD STOCKS FAVOR SPRING FLING 2009
* OVERSOLD STOCKS HAVE AND CONTINUE TO PERFORM WELL* ILLIQUID POSITIVE MICRO CAPS COULD PRODUCE MULTI BAGGER RETURNS
Astoria, New York
Spring Fling 2009, as initially predicted by the real economist at http://www.therealeconomist.blogspot.com/ and later confirmed here by microcapstock, is showing some good results. This is happening after a disastrous winter that in a way has wiped out in a way never seen before the values of investors' portfolios. With Obama's plan at work, there has a been sense of relief as many investors have returned to the markets by buying and trading on some cheap financials such as Citigroup (C) and Allied Irish Banks (AIB). Shares of Citigroup have quadrupled since its all time low just under one dollar per share. But the real economist is concerned with higher inflation, fueled by fiscal stimulus, printing of money and incentives to buy. " We have never seen a perfect market economy with true capitalism at work in the right way. The reason is due greed and fear as well as government intervention. Therefore we must rely on some kind of social capitalistic structure that could be ready to act where there is weakness and that is what we are getting from the Obama administration" said the real economist. In the meantime, some microcaps are showing signs of recovery, and some others are ready to explode in coming weeks thanks to a Spring Fling scenario that should last until summer arrives. " I am afraid that we will be oversprung by July and this will cause markets to stablilze and perhaps underperform during the summer months. I will discuss this scenario at a later date" finalized the real economist. In the meantime shares of GVSS have remained below 30 cents, ahead of earnings release and conference call on May 14th. There is speculative rating on the stock with a short term conservative specualtive buy rating and a target price of 45 cents. Microcapstock will evaluate other micro stocks this week and will continue to discuss general reasons for rallies of micro caps. Micro caps are intended for professionals and accredited investors due to various reasons. Please read the full disclosures on this web blogspot.
MARKET CONDITIONS AND TECHNICALS ON OVERSOLD STOCKS FAVOR SPRING FLING 2009
* OVERSOLD STOCKS HAVE AND CONTINUE TO PERFORM WELL* ILLIQUID POSITIVE MICRO CAPS COULD PRODUCE MULTI BAGGER RETURNS
Astoria, New York
Spring Fling 2009, as initially predicted by the real economist at http://www.therealeconomist.blogspot.com/ and later confirmed here by microcapstock, is showing some good results. This is happening after a disastrous winter that in a way has wiped out in a way never seen before the values of investors' portfolios. With Obama's plan at work, there has a been sense of relief as many investors have returned to the markets by buying and trading on some cheap financials such as Citigroup (C) and Allied Irish Banks (AIB). Shares of Citigroup have quadrupled since its all time low just under one dollar per share. But the real economist is concerned with higher inflation, fueled by fiscal stimulus, printing of money and incentives to buy. " We have never seen a perfect market economy with true capitalism at work in the right way. The reason is due greed and fear as well as government intervention. Therefore we must rely on some kind of social capitalistic structure that could be ready to act where there is weakness and that is what we are getting from the Obama administration" said the real economist. In the meantime, some microcaps are showing signs of recovery, and some others are ready to explode in coming weeks thanks to a Spring Fling scenario that should last until summer arrives. " I am afraid that we will be oversprung by July and this will cause markets to stablilze and perhaps underperform during the summer months. I will discuss this scenario at a later date" finalized the real economist. In the meantime shares of GVSS have remained below 30 cents, ahead of earnings release and conference call on May 14th. There is speculative rating on the stock with a short term conservative specualtive buy rating and a target price of 45 cents. Microcapstock will evaluate other micro stocks this week and will continue to discuss general reasons for rallies of micro caps. Micro caps are intended for professionals and accredited investors due to various reasons. Please read the full disclosures on this web blogspot.
Monday, May 4, 2009
DOW CONQUERS 8000 LEVEL, RALLY MAY CONTINUE AS 8000 TRIES TO BECOME SUPPORT LEVEL
* DOW JONES CLOSES ABOVE 8200 ON FRIDAY
*FUTURES POINT TO HIGHER START
Astoria, New York
It has been a 6 week battle but the bulls were able to break the 8000 resistance level. In the next few days, the real economist will try to evaluate if this is a short term move or if this will lead to a stronger rally.
"In the meantime, the 8000 level has become a support level and this will be tested" said the real economist. "With futures pointing to a higher start, the bulls have the upperhand on the situation, and only some serious negative news can take it below 8000 again."
*FUTURES POINT TO HIGHER START
Astoria, New York
It has been a 6 week battle but the bulls were able to break the 8000 resistance level. In the next few days, the real economist will try to evaluate if this is a short term move or if this will lead to a stronger rally.
"In the meantime, the 8000 level has become a support level and this will be tested" said the real economist. "With futures pointing to a higher start, the bulls have the upperhand on the situation, and only some serious negative news can take it below 8000 again."
Friday, May 1, 2009
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