Great to hear your comments! From my perspective on a technical and psychological level, there has been no news on this stocks since it last reported. Once some good news comes out which I believe can come from a sale of a property(Fairmont Chicago), this stock could be looking to make its way back to the 4-6 dollar range. Inflation and weak dollar only making a more enticing investment from this standpoint.
Strategic Hotels & Resorts: Only for Long Term Investors [View article]
BEE actually gives investors the most promise right now in the short term. If they divest a property or two, then this stock will be instantly trading above two dollars. This stock has a lot of catalyst coming that could give this stock a pop of 50% plus. I have owned this stock from .84 to 1.17. I have followed it closely and if there are able to sell the Chicago Fairmont then it will put this company in great position going forward. Have to remember that this company has great assets. So selling more common stock is highly unlikely.
Since July 18th, in the article As Solid as they come I have been short X. I think with world demand slowing that there will be a major contraction in valuation. Steel companies will be forced to lower prices even more. I would look for the 105 level as a target.
US Steel should have a $100 price target on it. World demand is slowing. With its recent run up this year, I think this presents a short opportunity down to the low 100 hundred levels.
True Religion is the real deal. With such a high level of short interest...this stock will only be supported by the good fundementals and valuation combined with a unwinding of short positions.
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Latest | Highest ratedStrategic Hotels & Resorts Doubles Market Cap, Prepares for Debt Maturities [View article]
Great to hear your comments! From my perspective on a technical and psychological level, there has been no news on this stocks since it last reported. Once some good news comes out which I believe can come from a sale of a property(Fairmont Chicago), this stock could be looking to make its way back to the 4-6 dollar range. Inflation and weak dollar only making a more enticing investment from this standpoint.
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What are you updated thoughts on BEE?
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