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Monday, 26 December 2011

FBN $1.12 - Nice short to mid term bounce setting up technically 16% - 70% gainer, IMO. (Possibly 123%)

FBN has been  in a long downtrend but the possibility of a nice bounce play has, imo, revealed itself here. The CEO of Furniture Brands International (FBN) has shown concern for the stock price and has taken action to change it's trend. Mr. Ralph Scozzafava, Chairman and CEO stated, "...We cannot, and will not, simply wait for an economic recovery. We have to be proactive in further strengthening our competitive position and improving our cost structure." - "Cost reduction actions implemented with anticipated future annualized cost savings in excess of $30 million"

Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201111021930primzoneusprx___236976&title=furniture-brands-international-reports-third-quarter-2011-financial-results#ixzz1hgLUOjuv



Sunday, 27 November 2011

LEI $2.20 - A company that focuses on building and developing a portfolio of oil and gas assets by acquiring what they believe are undervalued, underdeveloped and underperforming properties and for which they believe they can increase production economically and profitably. Has recently closed a deal to purchase properties from Nodric Oil USA 1 for $22 million. (see news here, or NASDAQ.com link below)

The charts (both weekly and daily) for LEI have shown alot of strength recently after climbing out of it's 7 month downtrend. The vol. on Friday (short trading day) was quite impressive and may have reached it's 6 month vol. high of 2.5 million shares traded had the day been full. I would expect to see a continuation of volume Monday as traders vie for position. LEI may be one to keep on your screens for a good while. The bottom seems to be in and a new uptrend has, IMO, begun.

Weekly Chart                                           

 Daily Chart

NASDAQ.com Link http://www.nasdaq.com/symbol/lei/real-time
news, financials, etc..

September Production on Lucas Pending Wells & All other Wells - http://www.investorvillage.com/smbd.asp?mb=14483&mn=50&pt=msg&mid=11144693

Monday, 20 June 2011