AC Investor ( click to enlarge ) OceanFreight is a profitable company and the current ratios (Price/Sale, peg, book, PE) are all very low. I think there is no much space to go much lower from here. OCNF has a very low price to earnings ratio of 1.20 based on a average of 3 fiscal years. It has a book value of $3.45 a share, and is trading at only 0.3x book at $1.02. The stock is currently trading Read More...

By Jeff Clark, Editor for Casey Research For years, gold bugs like Doug Casey and his team have been saying that once gold takes off to stratospheric heights, it will take the gold mining stocks with it. It’s called the “Mania phase” of the commodity bull market. Has this time arrived now? If it hasn’t, it sure does a good look-a-like job. In the last weeks, the gold price has reached new Read More...

The Mess That Greenspan Made A report last month indicating that almost 25 percent of all borrowers now owe more on their mortgage than their homes are worth punctuated one of the more dramatic turn of events in the ongoing credit crisis and housing bubble aftermath. Twenty five percent! It seems those home equity “cushions” that Federal Reserve economists used to talk proudly about ju Read More...

Graham Winfrey of Green Sheet ClimateDepot.com features a commentary from Atmospheric Scientist and Hurricane forecasting specialist Dr. William Gray that is taking global warming skepticism to a whole new level, alleging a “one-sided indoctrination” by scientists and environmentalists who have little concern over whether their predictions are accurate. “The recent ‘Climat Read More...

From Maria Bartiromo at CNBC: Citi Plans to Repay TARP Via Stock Offering: Sources Citigroup plans to pay back some of the $45 billion in TARP money it received last year by raising capital through a stock offering, CNBC has learned. An announcement could come as early as Thursday. Read More...

H/T Zero Hedge Submitted by Yves Lamoureux of Blackmont Capital I don’t share the recent stock optimism as the tail is wagging the dog. The higher the stock index goes the greater the number of bulls and the greater the amount of decimated bears. Those burned bears will not be adding to the buy side at lower prices to cover shorts. Good news about this will also turn out to be bad when the part Read More...

Scott Redler of T3Live.com Here at T3Live, we believe in market based solutions to economic problems; however, with politicians responding to populist backlash against the Wall Street community we fear the misguided trader tax poses a serious threat to U.S. equity markets. Such a tax on transactions could seriously impact the liquidity of our markets and generate inefficient pricing. Had this tax Read More...

Joe Weisenthal of Business Insider You may think that we’re still in a bull market, but as David Rosenberg argues, we’re only going sideways at best. And with very little buying power behind that move. Perhaps we’ve started the long, sideways slog that analysts at Morgan Stanley and elsewhere have been warning of. —— EQUITY RALLY SPUTTERING We long maintained that th Read More...

MISH In New Jersey, governor-elect Christie opposes (and rightfully so), the state going deeper in debt but that is not stopping the current administration of Jon Corzine. Please consider N.J. to Borrow $200 Million Amid Incoming Governor’s Opposition. New Jersey, the third-most indebted U.S. state, will sell more than $200 million in bonds today to finance voter-approved capital projects a wee Read More...

Scott Redler of T3Live.com On November 17th, we initiated a long position in AONE at around $14.75 per share, with a stop below that day’s low of $14.31. After a strong showing that day, the stock slowly trickled down to within striking distance of our out. This raises an important issue–often times traders panic and close out a position before it actually reaches their stop. A stop i Read More...

Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a huge hit with traders. But now it’s been packed with even more ways you can use common bar patterns to spot high-probability trading Read More...

Automaker Ford Motor Co. (F) plans on investing $500 million to aid in building new hybrids, batteries, and electric vehicles in Michigan. The company expects to create 1000 new jobs with the investment, much to Detroit’s relief: Detroit News: Ford Motor Co. on Tuesday outlined plans to invest as much as $500 million to build a new generation of hybrids, plug-in hybrids and batteries in Mic Read More...

Donald W. Pendergast Jr. – Market Analyst – www.ETFTradingPartner.com Wow – what a week it was in the world of Gold! After charging above $1,200 on the front-month futures contract earlier in the week, Gold finally finished the week on a very weak note, closing below $1,150, which was right above the low established a week earlier in the wake of the Dubai debt debacle. Clearly, Gold is begin Read More...

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Microcapmillionaires.com recently picked SGCP as a good penny stock to play the recent “gold rush” with. Matt Morris, who is the resident “stock picker”, issued this alert back in early November:SGCP has been asleep for many months… It is a pink sheet stock that is only good for a trade, not a long term hold….that said it is a gold mining stock that is due to ru Read More...