Current Financial News

Comstock Homebuilding (CHCI) rises 97%

Avid Stockmasters readers know that we rarely mention penny stocks or OTC (with exception of Steve Reeves, our OTC specialist). In the past week, Comstock Homebuilding (Public, NASDAQ: CHCI) had risen 270%.
The question is, will it break through resistance at $1 share, or drop back down?

LoJack Corporation (NASDAQ:LOJN) shares at $7.64 could finally start to move back to the promise land.  The FCC is allowing LoJack to now track missing people at risk, individuals of interest to law enforcement, lost or stolen cargo and hazardous materials.  This could be a...

1-2-shabadoo!!

What a mess of a day, here are some Upgrades and notable comments from analysts covering the following stocks:
GS, POT, AAPL, RFMD, LEH, X, DELL

Gold keeps going down along with Yamana (AUY)

Price of GoldThe Masters always keep an eye on Yamana Gold (NYSE:AUY) in reaction to gold prices, oil, the U.S. dollar, and everything else.  The five day move on AUY shares is at -12% and just 40 cents today above its 52-week low.  Place your bets for a bounce.

In Wal-Mart We Trust (WMT)

Buy Wal-Mart (NYSE:WMT), the End.  It's really as simple as that.  Times are tough, investing is even worse, and there's only one evil corporation that will benefit during a time like this...take a guess who?

I pity the fools who hate Gold

Mr. T loves GoldLet the Bears run on Gold, all it does is make gold lovers like Mr. T mad.  Yamana (NYSE:AUY) and other gold stocks are taking a beating today, the question is, for how long?

Coal is not King today, that crown goes to oil. Peabody (NYSE:BTU) is down 12% and Arch Coal (NYSE:ACI) down 14%. If these guys continue to drop, we may have to Buy on weakness.

MC Hammer - PrayAgain with the 'told you so',  Should the Market Rally, play High Short Interest Stocks (UA, NFLX, URBN), the 5 day move on UA is at 10%+ and URBN is at 8%+ since last Thursday.  Turns out Gustav didn't kill the market or the country, praise all that is holy.

The market knows from experience that infrastructure problems can emerge long after a hurricane strikes; early reports following Katrina's landfall in 2005 erroneously said the flooding in New Orleans was not going to be problematic. Stocks fell in overseas trading Monday after crude fell below $111 a barrel in electronic trading on the New York Mercantile Exchange, and their declines will weigh on the Dow Jones industrials and other indexes.

Gustav gathered force and slammed into Cuba as a Category 4 hurricane Saturday, giving oil bears and stock market bulls cause for concern. Monday's trading should be out-of-control.