Gold ETF (GLD): Bearish Down Trend!

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GLD has just broken down from a Symmetrical Triangle and currently trading in a down trend channel with breakout price target of $150. GLD is technically bearish as the ETF is trading below 20D, 50D and 200D SMA, and also trading in “Lower High, Lower Low” chart pattern.

Traditionally GLD is bearish in the month of March base on past 8 years statistic with reliability of 75%. Base on chart pattern and past historical data, shorting GLD in Mar is a much higher probability trade than longing GLD.

There are a few ways to short Gold:
(1) Long Put Option on GLD
(2) Short Call Vertical Spread Option on GLD
(3) Long GLL (ProShares Ultrashort Gold ETF). – ProShares UltraShort Gold seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of gold bullion as measured by the U.S. Dollar fixing price for delivery in London.



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China Fishery: Trading within an Up Trend Channel

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China Fishery is currently trading within an up trend channel.  $0.665 is a critical support to ensure a continual up trend whereby $0.665 is uptrend channel support, 20D SMA, 61.8% Fibonacci Retracement Level and also precious resistance turned support.

Key Statistics for CFG

Current P/E Ratio (ttm) 8.3391
Estimated P/E(09/2012) 4.6109
Relative P/E vs. FSSTI 0.8048
Earnings Per Share (USD) (ttm) 0.0664
Est. EPS (USD) (09/2012) 0.1200
Est. PEG Ratio –
Market Cap (M SGD) 700.88
Shares Outstanding (M) 1,023.18
30 Day Average Volume 2,660,733
Price/Book (mrq) 0.6833
Price/Sale (ttm) 0.9660
Dividend Indicated Gross Yield 2.77%
Cash Dividend (SGD) 0.0190
Last Dividend 02/14/2013
5 Year Dividend Growth -13.83%
Next Earnings Announcement 05/10/2013
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Pacific Andes: On Up Trend

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Pacific Andes is technically bullish and currently trading in an uptrend channel. The stock is currently trading above 20D, 50D and 200D SMA and finding the support at the uptrend channel now. The stock is trading at about 0.46 P/B Ratio, the lowest for the past 4 years. Book Value at $0.3247. Net Operating Cash Flow Healthy, Current Ratio > 2.

Fundamentally and Technically Pacific Andes looks good for a bullish trade.

Key Statistics for PAH

Current P/E Ratio (ttm) 5.2852
Estimated P/E(09/2013) 4.1395
Relative P/E vs. FSSTI 0.5100
Earnings Per Share (HKD) (ttm) 0.1803
Est. EPS (HKD) (09/2013) 0.2300
Est. PEG Ratio –
Market Cap (M SGD) 728.23
Shares Outstanding (M) 4,790.99
30 Day Average Volume 11,796,400
Price/Book (mrq) 0.4615
Price/Sale (ttm) 0.4064
Dividend Indicated Gross Yield 1.97%
Cash Dividend (SGD) 0.0030
Last Dividend 02/14/2013
5 Year Dividend Growth -19.62%
Next Earnings Announcement 05/10/2013
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