Saturday, July 14, 2012

Cotton prices spiked last year - MERYL WITMER

Cotton prices spiked last year. How did the company manage through that?
MERYL WITMER : The stock fell from the high $30s as cotton dropped to about 70 cents a pound after spiking to more than $2. Gildan's customers are small and the company decided to take the hit itself when prices plummeted. As a result it will earn about $1.30 a share in the fiscal year ending September, instead of $2.60. Next year, as the high-cost cotton moves out of their inventory, earnings should rebound to between $2.50 and $3 a share, and grow thereafter. Gildan has been perennially capacity constrained and recently completed a big addition that will increase capacity by 40%. If it can utilize that capacity in the next few years, earnings will be 40% higher, to $3.50 to $4 a share. - in the Baron's Roundtable June 2012

Million Dollar Traders (Full Series )

Trading is a lot of fun - once you've grasped the concepts - and you have little distraction - the best traders make money from the morning newspapers - that dictates what they trade on for the day - then the best traders react to events that happen that day and trade accordingly. I enjoyed watching this series, reminds me of my early prop trading days. Stress and more stress. Wish I had a nice boss like Anton Kreil and lex when I first started

I'm a technical trader. I built (designed) a bespoke trading technology (system) prototype. Most of the trading ideas (indicators) that I use are custom designs. Years worth of research, design, development, testing and analysis. Most people who don't know any better say that what I've done, is simply impossible. That's only because they've not been able to do it themselves. What you are seeing in this video series, is pure Fundamental trading - they are not technicians.

Friday, July 13, 2012

Peter Schiff : Gold Miners are a Huge Opportunity

Peter Schiff : Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners. I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock. - in Goldinvestingnews
DAILY NEWS ON BOOZE