Super Stock Blog

Posts Tagged ‘PAL’

The stock market has been dropping for the past week.  Gold stocks have taken quite a hit.  We are starting to see real bargains in the precious metals.  Stocks like PAL and CDE are reaching lows not seen since 2009.  I think the technicals say there is still much chance for the stocks to drop more.  The stoichastics show the weekly and daily are at lows, but we have been rising for quite some time.

For those that like to play it safe, it might be a good time to get in some conservative long-term holds.  Pfizer, PFE, and AT&T, T, offer nice dividends for those that do not need money right away and are willing to wait for the stock market and the economy to improve.  I would not be in the boat to be shorting stocks right now unless you’ve known of stocks that have risen too high as of late.

Looking at the SPY, we’ve only hit the monthly low of the stoichastics about once every two years.  It looks like the SPY might drop down to the 102 or 103, but from there on, it should be time to start buying and looking into long-term stock plays.  The market will improve.  The government has put too much cash in it for it to drop to march 2009 lows.

North American Palladium (PAL) is again hitting it’s low set 6 months ago and the same low in 2005 which is around $3.50.  Both times it stood in that ground for a month or two, then it sky-rocketted up to $9!  Tomorrow, if it is still around $3.50, I might go ahead and make my move and buy some more.   I’m running both on technical and fundamental research.  Technical in that the stock is again reaching its bottom, so its time to move up.  Fundamentally, this is a material that should be moving up with the inflationary concerns.  I do not think it can stay low for so long.

Couer d’Alene Mines (CDE) is also moving downward.  Silver is continuing its move down with gold.  Bleh, I will continue to hold onto my shares but if it goes down more I might justify it to get some more.  Commodity stocks move up and down quickly but if you are willing to play the same there is money to be made quickly also.  I do hope its bottoming out.  All the other silver stocks continue to move up.  I hope dilution does not continue to stop this stock!  What is management doing to this company!

PAL is a metals mine specializing in palladium and a little platinum.  It has moved down from $9 all the way to a closing monday price of $4.25.  They report earnings on August 8.  I believe there price is very undervalued. With the growing inflationary dollar, there should be an increase in price much higher than we see currently.  I expect huge jumps after the earning call.  If we do see it go down even more, expect a very good time to buy.  It cannot go down much more until it makes explosive moves up like fertilizer had been experiencing.

You know the american car companies, ford and general motors, with their continuing debt and their gas guzzler cars making less and less sales.  Ford even sold their Land Rover and Jaguar line of cars to raise cash.  Who bought these two lines of cars?  TTM, Tata Motors, a fast growing company in India that manufactures small to medium-sized cars for the regular folks on the street.  I found out about the stock today, and it was at one of the lowest prices it has even been $9.03.  With the need for more MPGs and cheaper car lines, I see their car brand spreading across to europe and possibly america.  They are the number one selling brand in India and especially with oil they will hit a strong mark in the future.

I am so confident in this stock that I bought 550 shares at $9.03 for a total of $4966.50.  So here is my updated portfolio:

—— SUPER STOCK BLOG PORTFOLIO TRANSACTIONS ——

$4966.50 – Buy TTM for $9.03 for a total shares of 550

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———— SUPER STOCK BLOG PORTFOLIO ————-

TTM - 550 at $9.03 per share

CDE – 3,067 at $3.26 per share

PAL – 1,000 at $5.13 per share

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So far, my portfolio is in the negative, but I can wait these short-term bumps to make major bucks!

It’s never great as an investor to see all your stocks drop 400 points in one day.  However, we can make great use of this.  First, the unemployment report came out to the worse decrease for the past 30 years.  We had a 10% increase in job unemployment.  Second, oil continued to raise even more going up $10.  In California, it’s no surprise to see $4.50 just for regular unleaded fuel.  These two things were the main contributors to the friday decline, but we still have the problem with the housing crisis and international pressures that continue to bring down many stocks in the US stock exchanges.

I like to make the best of this situation and I want to look long-term in a couple stocks.  To start putting my portfolio for this blog, I’m going to throw down some cash into mining stocks and resource stocks.  As China continues to industrialized and Dubai continues to grow and the world grows, we will continue to see huge growth in all mineral stocks.  Steel stocks are already really high such as TX.  Mining Tool stocks such as JOYG continue to profit and make huge gains.

I have two stocks that intrigue me: CDE and PAL.  CDE, Couer d’Alene Mines Corp, is a silver mining company.  It’s a great defensive stock.  It’s one of the single stocks on Friday to actually move up a percentage point.  As the United States continues to get more into inflation, this stock will increase in value as the silver prices increase.  Gold will continue to go up also, but I’m looking specifically at CDE because it’s at a very low price right now.  Technically it’s at the lowest it’s been since 2003 and I doubt it will go any furthur than that.  Silver is also a useful mineral to build engines, jewelry, computer parts, and much more.  It will continue to grow in demand as businesses require it.  To sum up: Silver and Gold are going to continue to rise and CDE will be in my book for monday if I like the price.

PAL, North American Palladium Ltd., is a palladium miner and a tellerium miner.  These are used in the catalytic converters for cars.  We see a decline in trucks and SUVs, but as long as cars are being driven, there will be a need for these minerals to build their engines.  PAL is at a very cheap price right now $5.36 at the close on Friday.  I will look to get in on monday and take advantage of this stock before inflation moves it up.  If it goes down furthur, I might wait to get in at a good price.  I will time the stock and if I cannot get in at the price I want, it’s ok, there’s always tomorrow.  Palladium and tellerium are minerals that will eventually run-out if another mine is not found.  These minerals are only in Russia right now and as supply gets low, you will see the price rise up.  To sum up: palladium is going to rise for the long-term.