call

Magic Jack Redux (CALL) fails the smell test

by

Fortunately, we don’t own any more Magic Jack stock and actually made money on it. I’m sorry I just can’t handle the bizarre way management treats their shareholders.  I never buy reverse merger stocks but the story and product on this was so compelling.    I’m not going to make any allegations here because bloggers have been getting sued left and right but let me say, I have to redo my checklist.   There is a flaw in the process as there is no way to account for the possibility of fraud.  Granted this possibility exists in almost any transaction. … Read more

Is Natural Gas a Buy?

by

Since mid 2008 natural gas has been completely decimated by the market with the past eight months have been particularly bearish, cutting natural gas stocks in half.  Take a look at UNG for instance, down close to 60% from it’s June high of 12.32 a share.  So with natural gas bouncing off it’s all time low is it time to take a bullish stance on the commodity?  Recent options activity has spiked dramatically, with a call to put ratio of more than six to one.  With options activity a good forward looking indicator of investor sentiment, this is generally a very bullish … Read more