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Ticker Tape Digest

Wednesday-February 11, 2009


By Leo Fasciocco -- TTD

Ticker Tape Digest presents its daily breakout and Short Selling report. It contains Breakout Stocks and Stocks under Significant Accumulation.

Data is from tape action for the day. These stocks are most suitable for aggressive investors seeking ideal entry points for leading stocks.

These stocks will do very well during bull markets and strong market rallies.

TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks

will do very well during bear markets or market corrections

TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

Quote or chart

TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

TTD also has  special feature sections on  Educational Tips on Investing.

To email Mr. Leo Fasciocco  leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.


Total Buy Breakouts today - 5

Stocks Screened - 8,200

Bull's Strategy -  Just a few breakouts today with gold stocks dominating. The price of gold soars $30.30 to $944.50 an ounce.

Stock market lifts today after a big drop on Tuesday. Bulls remain watchful and conservative now.  Breakout lists have been lean.  (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Unfavorable

Market (Daily) - NYSE Bearish, Nasdaq Bearish

Market (Weekly) -NYSE Bearish, Nasdaq Bearish

Market  (Monthly) NYSE Bearish, Nasdaq Bearish


Today's Feature Breakout Stock

Randgold Resources Inc.  (RGLD) - 48.53, up 4.46 - Breakpoint 46.50

Posts to Jump This Year, TTD Targets 58

                TTD's Quality Rating of Potential Breakout Stock - RGLD - ABOVE AVERAGE

   RGLD, based in Channel Islands, U.K, is a gold mining and exploration business. Annual revenues: $350 million. GOLD breaks out today from a nine-week flat base. The stock is responding to the strength in the price of gold, which today is up $30.30 to $944.50 an ounce. The gold sector is very strong is up about 7.2%. GOLD is one of the better performing stocks in the group. So far today, GOLD is trading 1.6 million shares. Its average daily volume is 1.1 million shares.

  TTD highlighted GOLD as a breakout at our midsession report on the Web.

  TTD's map shows some of the places where GOLD's business is located.

  Our clip of the tape shows the big block trades recently. One can see how the price for the blocks rose from $44.07 on Tuesday to a peak of $48.53 today. That shows institutions are aggressively buying the stock.

 GOLD's stock moved higher in the morning and then peaked in the early afternoon. It then rallied mildly in the late afternoon.

 GOLD was incorporated in the Channel Islands in 1995 and listed on the London Stock Exchange in 1997 and on Nasdaq in 2002.

 The companies discoveries to date include the 7.5 million-ounce Morila deposit in southern Mali, the 6 million-ounce-plus Yalea deposit at Loulo in western Mali, and the 3 million-ounce Tongon deposit in Ivory Coast.

  TTD's performance chart shows GOLD's stock has appreciated about 3% the past 12 months. That compares with a 38% drop in the S&P 500 index.

  GOLD's long-term chart shows the stock soaring from 4 back in 2003 to a peak of 56 last year. The stock has been a sensational performer. It is now in a long-term base.     

  GOLD's daily chart shows the stock rallying most recently from 25 to 45. The subsequent base was a well-formed flat base. Today's breakout looks good as the spread (range from high to low) widens and volume expands.

  The stock's accumulation - distribution line (bottom of chart) has been unable to rally with the price of the stock in recent weeks. That is a negative showing that buyers have not been that aggressive in going after the stock while it based.

  Gold prices will have a major impact on the performance of GOLD.

  The company recently reported earnings for 2008 rose 3%. The company said for 2008 it boosted production and was able to cut costs.

  This year, analysts predict a big 84% surge in net to $1.19 a share from 64 cents a share a year ago. The stock sells with a price-earnings ratio of  40. That is very high and means one needs to watch the stock closely.

  Net for the upcoming first quarter should increase 31% to 28 cents a share from 21 cents a year ago.

  The highest estimate on the Street is at 35 cents a share. TTD sees good chances for an upside earnings surprise. The prior quarter it topped the consensus estimate by 25 cents a share, or 93% and in the prior quarter by 4 cents a share, or 20%.

  Strategy Opinion: GOLD is linked to gold. So, the stock will be sensitive to the price of the commodity. TTD is targeting the stock for a move to 58. A protective stop can be placed near 45. TTD rates GOLD an average intermediate-term play.

  Sponsorship: Excellent. The largest fund holder is 4-star rated Wells Fargo Advantage Fund with a big 5.6% stake. It was a recent buyer of 205,000 shares. 5-star rated Fidelity Contrafund holds 5%. It was a recent buyer of 161,000 shares. GOLD has 76 million shares outstanding. Funds hold 33.4 million shares.

   Insider Activity: Not available. Three analysts follow the stock, 2 have a buy, down from 3 three months ago.



                     Stock Performance Chart for 12 months with Quarterly Earnings Markers.

  


TTD's Profile Rating

Rangold Resources Inc.  (RGLD)

TTD Check List Bullish Bearish Neutral
Near 52-week High YES    
Volume Expansion YES  
Tick Volume YES  
Price Trend - Daily YES  
Price Trend - Long Term YES    
Price Daily Spread YES  
Base Structure YES  
Base - A-D     YES
Earnings-Quarterly     YES
Earnings-Long Term     YES
Earnings Outlook YES    
Industry Group YES  
Prior Breakout Success YES    
Fund Sponsorship YES    
Total Score 11 0 3

Timely Breakout Stocks From Tape Action Today

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy.


Charts of Breakout Stocks  

                TTD's Quality Rating of Potential Breakout Stock - EGO -  AVERAGE

                TTD's Quality Rating of Potential Breakout Stock - NEM - BELOW AVERAGE

                TTD's Quality Rating of Potential Breakout Stock - CPA - AVERAGE

                TTD's Quality Rating of Potential Breakout Stock - KGC - ABOVE AVERAGE

 


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Ticker Tape Digest’s

Stocks To “Sell or Short”

Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.

Shorts from tape action so far today - 6

Stocks Screened - 8,200

Long-Term Environment for bears: Favorable.

Bear Side - Small list of breakdown stocks today with energy issues dominating the list. Bears be selective. Stock market remains choppy.


List of Stocks To Sell or Short

(Trading strategy: These stocks can be sold short, or if held should be sold. If a stock is sold short, a protective stop buy should be placed. Short plays work best when the stock market is in a down trend.)


TTD’s Feature Bear Play

Great Plains Energy Inc. (GXP) - 15.17, off 4.38

Profits Tumble, TTD Sees Fall to 12

  GXP, based in Kansas City, is a holding company for a regulated utility and a wholesale energy supply company. Annual revenues: $3.5 billion. GXP's stock falls sharply today after the firm reported a big drop in fourth quarter earnings. The stock has been trending lower. So far today, GXP is trading 6.5 million shares, triple its normal daily volume of 2.1 million shares.

  TTD's clip of the tape shows the stock started to dive late on Tuesday. A big block of 11,000 shares crossed on a modest down tick to $19.55 from the prior trade at $19.56. The stock moved sharply lower through today.

  GXP reported earnings from operations for the fourth quarter fell to 6 cents a share from 30 cents a year ago. The consensus estimate on the Street was at 23 cents a share. The lowest estimate was at 15 cents a share. So, the earnings were a disappointment. That is ideal for bears.

  GXP generates, transmits, and distributes electricity to 490,000 customers in Missouri and Kansas. The company is acquiring Aquila's electric assets. That will add some 300,000 customers in Missouri.

  The company also cut its quarterly dividend in half.

 Chief Executive Mike Chesser called the decision to cut the dividend "prudent in order to strengthen earnings, cash flow and credit position.

  This year, analysts are forecasting a 10% drop in profits.

  TTD's daily chart shows GXP trending lower and then trying to form a bottom. However, the stock collapses with a gap move to the downside with heavy volume. TTD is targeting the stock for a decline to 12 within a few months or sooner. TTD sees GXP as a good trading short.



TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”

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For information to subscribe to the Ticker Tape Digest Services call: B. J. Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.

(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission. Some of the charts are from Telescan, Insight Trading, First Alert and other sources.)