Kemet Corporation is not the next high flyer.  It doesn’t have any hot technology that is going to revolutionize their industry.  It didn’t just strike Gold in Nevada.  It is actually kind of a boring company that makes circuit board-level capacitors for military and industrial uses.  But what makes me take notice of it is the chart.  It looks like it might be ready to move.  Based on the chart alone, I am recommending that my readers keep this one on your radar.

Here is the chart:

Support at $0.45 and $0.50…Resistance at $0.60, $0.65 and $0.80.  Stochastics and MACD are turning bullish.  The stock is not yet oversold.  It is trading in the middle of the bollinger bands.

The latest news is that KEME is strengthening its balance sheet by making a tender offer to the holders of its 2.25% Convertible Senior Notes due 2026.  It appears that they has been a strong participation from its note holders.  What the company is taking advantage of is that EVERBODY is hurting for cash these days and by offering a discounted price, KEME will get rid of debt at a deep discount.  It is a smart strategy that a great number of companies are employing these days and with their strong cash position, they will present a stronger balance sheet going forward.

Boring, yes!  But, I can make profit with boring companies, too!

Keryx Biopharmaceuticals Inc.is a popular topic on the “boards”.  #1, in fact, on Board Central.  It trades a lot of shares (average of 2.4MM shares daily) and has a tight bid/ask.  Why I am sharing this with my readers is because I think that it is setting itself up for a spike.

Volume has dropped off, but the chart tells us several things:  The stock is slightly oversold according to the Stochastics.  The Bollinger Bands are narrowing while the stock is trading in the middle of the bands which could mean that with an increase in volume the stock will rise.  The MACD is showing that it is still bearish, but is still above the zero line and could turn quickly given an increase in trading volume.

There hasn’t been too much news about KERX lately.  They did successfully stave off delisting from NASDAQ which gave them a small “pop” in the stock price in mid-June.  They have several promising drugs in the pipeline and the news from the FDA has been mostly positive.  Like most pharma companies with drugs in development, they are bleeding money like crazy.  However, they have enough funds to survive the next few quarters…or until they can raise money again.

Definitely worth putting on your trading radar!

I love the cable show, “Dirty Jobs”. Mike Rowe is amazing for his willingness to take on the most difficult, messy,smelly…and dangerous jobs.  MIke even had an episode where he worked as a diaper cleaner!  I find it odd though that the one job Mike has stayed away from is Fatherhood.  Mike has never married, has no kids and is, by his own admission, a serial bachelor.  I wonder if he would be up to one of the hardest jobs in the world:  FATHERHOOD! I am curious why Mr. Rowe hasn’t had the guts to tackle the dirtiest job of them all (and most rewarding).

Diapers is only one aspect of what I believe is the best job in the world: I have, over the ten years of fatherhood, been a diaper changer, tackling dummy, crossing guard, coach, friend, boss, horsey, disciplinarian, playmate and…best of all, DAD.  Fatherhood changed my life and I am really glad it did.

This weekend we get to celebrate Father’s Day and I hope that you truly celebrate it.  Please know that I am not putting down the contribution of Mother’s.  In fact, I am in awe of my wife Wendy who is a stay-at-home-mom and homeschool teacher.  But we are a pair, my wife and I.  My contributions, while different, are every bit as important for this family.  It is sad that most men (and fathers) have been portrayed in the media as morons.  We are not.  We have an absolutely crucial role to play in raising our children (I have 4!).

So, this weekend, please don’t forget to honor Dads.  Don’t worry if your Dad is not perfect…there are no perfect dads.  Just encourage him and thank him for his role in your life.

HAPPY FATHER’S DAY!

Foreign Markets

Stocks soared forward overnight in Asia where investors were encouraged by data showing Japanese machinery orders in March fell less than expected. Japan’s Nikkei 225 stock average gained 171.29 points, or 1.9 %, to 9,265.02, and Hong Kong’s Hang Seng added 249.01, or 1.5 %, to 16,790.70.

The economy of the 16 countries that use the euro shrank by a massive 2.5 % in the first quarter; far more than the consensus expectation of 2%. This is the 4th consecutive quarter the euro zone has seen a decline in GDP. Germany’s economy shrank 3.8 % as demand for its high value goods, such as cars and machinery diminished. Germany’s DAX was up 0.4 % at 4,755.11. French GDP declined by 1.2 %, however the CAC 40 rose 0.8 % at 3,182.35.

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Foreign Markets

Global markets rose again on Tuesday while traders await the results from the Federal Reserve’s “Stress Tests”. After being closed for a holiday, Britain played catch up as the FTSE rose 114.94 points, or 2.7 %, at 4,358.16, while Germany’s DAX rose 17.12 points, or 0.4 %, to 4,919.57. France’s CAC-40 was up 6.86 points, or 0.2 %, at 3,244.83. With a slew of national holidays, trading was subdued in the Far East. Hong Kong’s Hang Seng index gained 49.03 points, or 0.3 %, at 16,430.08, while mainland China’s benchmark Shanghai Composite Index advanced 0.3 % to a nine-month high close of 2,567.34

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Foreign Markets

Markets soared overnight in Asia as China continues to see positive economic data. After a report Friday showed manufacturing sentiment rose for the second straight month, GDP for the country is expected to climb 7% in the second quarter; a 8 basis point gain over the previous quarter. The Hang Seng index closed up 860.06 points, or 5.5 %, to 16,381.05. China’s Shanghai Composite Index rose 3.3 % to 2,559.91, while South Korea’s Kospi index climbed 2.1 % to 1,397.92 which was its highest finish of the year.

After being closed Friday, Germany and France resumed trading while British markets took the day off for a public holiday. Germany’s DAX was up 83.87 points, or 1.8 %, at 4,853.32, while France’s CAC-40 rose 38.18 points, or 1.2 %, to 3,198.03.

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Today, on this last day before Adam returns, I wanted to pull back the Trader’s Blog vale and show you a little behind the scenes action. I’ll get to the great article by Douglas Newberry from The-Market-Toolbox.com, in a second, but first do you know how valuable you are to us? No really, you are our business and without you we have nothing. Read the rest of this entry »

Dr. George Dagnino, former Chief Economist and Risk Manager for Goodyear, managed $4 billion in interest rates and currency hedge portfolios.

Click here for the video

This article appears courtesy of Traders Blog, the Internet’s most popular blog site for traders. For four complimentary trading videos, visit:

Let’s face it, we’re ALL looking for discounts. I don’t care if you’re rich, poor, hurt by the economy, or not…everyone loves a discount. And since this is a site that focuses on trading/investing, what better then to learn about how to get a discount for a stock! To help us learn the art of the discount, I’ve asked Phil Davis from PhilStockWorld.com to come and enlighten us. Enjoy the article and tell us where you’ve found great discounts!

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