Founder of Equities Research. Stockdiagnostics Specialist

Founder of Equities Research. Stockdiagnostics Specialist
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Sunday, March 29, 2015

Suttmeier's Gold Warning at Top is Legendary

Followers of Equities Research may remember this February 2012 post highlighting Richard Suttmeier's Warning on Gold @ $1781.  Since the warning, the GCM5 futures have declined $583, closing the week @ $1198 (33% lower).
GCM5 chart since the February 24,2012 warning through this week's close. (www.bigcharts.com)


Friday, February 10, 2012


GOLD: Suttmeier's Morning Call is a Must Read

Suttmeier:  "We did have a bubble in gold, the bubble popped and we're now trying to reflate," says Richard Suttmeier of valuengine.com in the attached clip. He says that the recent upward trend isn't as much a return to gold's past glories but rather a bounce to be sold. For Suttmeier the end of gold's rally is neigh." from Yahoo! interview with Jeff Macke
 

If you're invested in GOLD, I recommend that you listen to Richard Suttmeier every morning, noon and night



From February 24,2012 Suttmeier wrote
  • "Gold reached a year to date high at $1789.5 closing in on my monthly risky level at $1816.4. If gold fails, the next decline below $1700 will
    likely cause a 50-day / 200-day SMA “death cross” as these moving averages are converged at $1669.5 and $1663.5"

    Follow Richard Suttmeier on Twitter live :

      

Thursday, March 26, 2015

Equities Research Training: "Understanding the Market"

about founder Tom Renna  

Contact Tom Renna (908) 477-4796 or thomasrenna@gmail.com




One On One Tutoring
Introduction Special Offer
Individual Investor Education
 "Understanding the Stock Market"
New Accounts 
  $250 for 2 hour session


New Account $250/2hrs



Hourly Rate $200 per hour

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PREPAY 7 HOURS AND SAVE $400
(Prepaid Annual Research Services $1000 (maximum of 7 hours for yr.)


prepay for 7 hours for 1 year


For Brokers/Advisors/Agents: How to Build Distribution $200/hour

(Group Rates also available)



$200 per hour







Knowledge is Power!
  • Learn how the markets work from Equities Research founder Thomas Renna, a 25 year Wall Street Professional.  Learn from a 3rd party perspective who is not selling you.
  • There are NO GUARANTEES in the Market, Understanding Risk
  •  Strategies To Buy and Sell
  •  Taking the Emotion out of Investing
  •  Know What Your Broker is Talking About so You know What questions to ASK
  •  Investors are always wondering if their broker is doing what is best for them or what is best for their broker.
  • Investors try to do it themselves at home but don't always know clearly how the markets work.

  •  Financial Educational Schools are expensive. Learn the Big Picture before you go/

  • People today want to know more about what they own and want to know how to do their own research.

  • Know where to find the right websites and learn how to use tools available on the internet.


Disclaimer.
All Newsletters, published by
Equities Research, LLC , does not constitute a recommendation by Equities Research, LLC to buy, sell, hold any security, or to follow any particular trading or investment strategy. Also, the information provided should not be construed as an offer, or a solicitation of an offer, to buy or sell securities. An investor's best course of action must be based upon individual circumstances. EquitiesResearch.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of The Newsletters, or any of our services. All readers and subscribers and customers should consult a licensed financial advisor. EquitiesResearch.com, its officers and employees may buy and sell any position in the securities or companies mentioned. 

Saturday, March 14, 2015

Thanks For Following !!! High Quality Followers

My handle on twitter is @stockpicker908 , my original handle was @GFNNstock

I don't have that many followers, but i really appreciate these bright folks that interact with me. Not only are they smart , but they are good guys/ladies on the up and up.

The Tweet and kind words in my post from Roddy Boyd is the greatest compliment that I ever received in my life! Thank You Roddy Boyd 

Everyone receiving this should visit and bookmark Roddy Boyd's site.






























Friday, March 13, 2015

TITAN BONDS MAKES NEW ALL TIME LOW


Titan Bond (2019) Makes NEW ALL TIME LOW this morning  @ $66.50 yield 14.88% 

Recent 8K : Board Member to Resign 

  TITAN MACHINERY (NASDAQ: TITN) warned earlier this week that the company expects to be in non compliance of the covenants in the $150 million convertible note with Wells Fargo. The company says the terms of the note require the Company to earn a minimum net income for the FY2015 period that ended as of January 31,2015.
On Monday the company stated that they expect to lose nearly $32 million for FY2015 when the audited financials get reported on April 15,2015.  On July 2,2013 or July 8,2013 (read why date is important here) Deloitte & Touche LLP replaced Eide Bailly LLP, the company's long standing auditor  since the company's Initial Public Offering. 


A Review of Securities & Exchange Commission's Comments regarding Titan Machinery Disclosure

Technically " on way to Head and Shoulders target below", greg harmon








Thursday, March 12, 2015

Titan Bonds Drop After Chairman's Comments


 Titan Machinery Chairman David Meyer stated Monday:
  • "The Company is working with the lenders in its bank syndicate with respect to its expected noncompliance with the current minimum income before income tax covenant as of the end of its January 31, 2015 fiscal year. "

Meyer went on to say :
  • "The Company anticipates amending this covenant associated with this credit facility effective as of the end of its January 31, 2015 fiscal year and for future periods, and therefore does not anticipate being in violation of any covenants as of January 31, 2015."
The bond Meyer is referring to are the $150 million convertible notes ($43 convertible price) with Wells Fargo in an underwriting completed in April 2012. Since the the underwriting 3 years ago, Titan Machinery balance sheet, income statement and cash flow statement have all deteriorated significantly causing Wells Fargo to amend the covenants on the bond 5 different times. 
BIG TROUBLE
THE RISK of default if Wells Fargo Does NOT Amend Covenant for 6th Time.

The Chairman "anticipating" that the lender will amend the Covenant because the company is expected to be in noncompliance.
  •  Does the lender, Wells Fargo, feel the same way?
  •  Do bond holders and the public deserve to hear what Wells Fargo has to say regarding this non compliance?
  •  Will Wells Fargo also comment on this issue?

The boiler plate Forward Looking Statement disclaimer was below Meyer's prepared statements made on Monday afternoon to protect him in case his anticipation does not come to fruition.
Also Included:
  •  "The Company’s risks and uncertainties include, among other things, a substantial dependence on a single distributor"
  • " the uncertainty and fluctuating conditions in the capital and credit markets,"
  • " disruption in receiving ample inventory financing"

Titan Machinery (NASDAQ: TITN) stock closed yesterday at a new year to date low @ $12.21. Shares opened Monday morning @ $14.91 and are now down 18% in last 48 hours.
On Monday after the close the company released preliminary FY2015 annual financials for the year ending January 31,2015. Titan usually reports year end numbers in April, so the early release came as a surprise to Wall Street and shares were halted. Tuesday morning the stock traded at a new year to date low @ $11.19.


I blame The company's poor financial condition on GREED AND RELATED PARTY TRANSACTIONS 

Since the Warning 2 years ago,  the S&P500 Index has advanced over 30% while Titan Machiney Shares have declined 60%