More economic wisdom from Jonathan Lebed
Oct 14, 2008 economy, investing, politics
Jonathan Lebed warns about a new stimulus plan and the sucker’s rally in the dollar:
The crash we saw in the stock market during the past few weeks is nothing compared to the crash we are about to see in the Dollar.Unfortunately, everybody in the government and media is too focused on current problems… they don’t have the foresight to see what problems are about to come next.Everybody panicked and sold their stocks… and now they are hoarding Dollars. They escaped a hurricane but are now in the path of a tornado.The hoarding of Dollars has created a temporarily strong Dollar… which is giving cover for Bernanke and Paulson to create as many Dollars as they want out of thin air to inflate the marketplace with liquidity.If a publicly traded company was diluting their stock at the same rate as Bernanke and Paulson are diluting the Dollar… the stock would be trading for subpenny.If your doctor was diluting your medicine or your farmer was diluting your milk, you would be outraged… wouldn’t you?Just because we haven’t seen a run on the Dollar up until now, doesn’t mean it isn’t coming. It is coming… and it will happen very soon.Most Americans don’t think it is possible for the Dollar to collapse. Some Americans think Dollars are still backed by Gold. It is this false trust and confidence that is keeping the Dollar propped up for now.This trust will quickly evaporate. How could you trust a currency when the treasury secretary of the country is injecting $10 billion of this newly printed money into Goldman Sachs, his former company?Now the Democrats in Congress want a new $150 billion stimulus plan. I told you before the first one was passed that it would be a disaster… and send prices of food and fuel through the roof. We had $5 a gallon gas by the time the checks arrived.A stimulus is a direct injection of inflation… where you don’t have to wait to feel the effects. The $700 billion bailout will take a few months to work its way through the system… but combined with a stimulus we could see a perfect storm.I profiled nine Gold and Silver companies as stocks to watch on Saturday, the most new stocks to watch I ever announced in one day. I gave DROOY a speculative rating of 1, my highest level of confidence. DROOY has been in business since 1895.If you look at its long-term chart, back in 1979-1981… DROOY made a run from $15 to over $500 in less than two years. Another run like this for DROOY and several other of my new stocks to watch… is not only possible, but likely… if Gold prices skyrocket like I expect.Hopefully those who doubted me in 2005 when I said to get out of Real Estate, will trust me now when I say to get out of the Dollar. Commodities will be the new hot asset class to invest in… and Gold will lead the way.
Tags: Bernanke, dollar, economy, gold, inflation, Paulson, silver
CJGH quick update
Sep 4, 2008 investing, trading
CJGH dropped from its high of .036 to .027 today, but it is still holding the 5 day moving average. I am hoping it will consolidate from here and continue on an uptrend. Volume was about 2/3 of yesterday’s but still well over average volume.
CJGH (China Jiangsu Golden Horse Steel Ball) breakout!
Sep 3, 2008 investing, trading
CJGH (China Jiangsu Golden Horse Steel Ball) broke out today and touched the 50dma. The stock must continue and break key resistance levels to keep its momentum. The positive divergence on the MACD looks positive, and the company is supposed to have favorable financial results coming out.
Tags: cjgh, financial, MACD, moving average, stock
PSTI breakout! Pluristem Therapeutics, Inc.
Jul 30, 2008 business, investing, trading
I’ve been waiting for this one for a while, and here it is folks. This is a Lebed pump, but it is a great company with virtually no debt and a low float of 4.75 million shares. Pluristem does adult stem cell research so they are not surrounded by controversy - and they have quite a few products that have yet to be put through phase trials or be approved by the FDA - but just wait, it will happen. Their stem cells they call “PLX” cells (PLacental eXpanded cells) have already successfully treated, for example, inflammatory bowel disease in rats. They have also completed successful pre-clinical trials in treating ischemic stroke.
BDCO breakout!
Apr 22, 2008 investing, trading
I’ve been waiting for this. BDCO (Blue Dolphin Energy Co.) has a habit of consolidating, consolidating, consolidating, then breaking out with huge momentum. We need good volume today and for it to keep making new highs.
If BDCO can break out of the $1.47-$1.45 resistance, it will break the consolidation pattern beginning in early December. This could mean strong and fast movement possibly back up to $3. If it can’t break resistance, it could mean another half a month to a month of consolidation before another chance at breaking out.
BDCO price as of 12:00 PM central is $1.46.
I am not a financial adviser. Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.
BIDZ update
Apr 9, 2008 investing, trading
Since I called BIDZ at $7.19 on March 17th, it is up 32% at $9.50. Remember, there is big resistance at $10.80 so if it makes it that far, remember to take profits! Don’t get greedy!
I am not a financial adviser. Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser. I do not hold a position in BIDZ at the time of this posting.
BIDZ buy alert update
Mar 25, 2008 investing, trading
Since I called the support level on BIDZ at 7.19, my pick is up 10%.
My technical analysis of BIDZ today:
- Bollinger bands squeezing. This usually means a trend change is eminent.
- Moving averages are converging. The 5 day, my favorite moving average, is close to crossing above the 10 and 20 day moving averages.
- MACD looking bullish, the fast line is close to crossing above the slow line. MACD is still edging toward the zero line, and a cross above would be a bullish signal.
- Today’s close is still holding the 5 day moving average.
- Forming a rounded bottom.
BIDZ moves somewhat with the DOW/S&P, and today saw some selloff because of negative news on oil refineries.
I am not a financial adviser. Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.
Tags: BIDZ, bidz.com, technical analysis, trading