Acorn Wealth takes a closer look into the movements of BDS Semiconductor Manufacturing (BCDS), Diodes Inc (DIOD), and Ceasers Entertainment (CZR)
NEW YORK, December 27, 2012 (MESHPRESS) – The Fiscal cliff continues to loom over the market as the days to find a resolution continue to dwindle away. The Dow Jones Industrial Average (DJIA) traded down nearly 150 points mid-day Thursday but made a strong recovery in the closing hour trimming its losses to only 18 points. The S&P500 closed down 1.7 points. News that the House of Representatives will be meeting on Sunday evening to resume talks is thought to have helped this afternoon rally. However is it possible that this was a technical rebound; with the markets simply testing resistance levels and then trading back up to its levels of comfort? Have you ever been interested in applying a technical strategy to your trading and investing in the stock market? Please see the link below for more details on how you can take advantage.
Many government officials including President Obama will have no choice but to cut their Christmas vacations short in order to deal with this pending situation. The Democrats and Republicans do have a few options on the table including a mini-deal to simply postpone the effects, but time is running out with less than a week before the U.S will hit the debt ceiling.
On Wednesday December 26, 2012 Japans new Prime Minister, Shinzo Abe, vowed to improve the economic and diplomatic crises facing his country. Following this announcement; excitement of a brighter future continued to drive the Nikkei Index as shares climbed to a 21-month high Thursday led by exporters and banks.
Earlier today shares of BCD Semiconductor Manufacturing LTD (BCDS) closed up nearly 90%, following the announcement of a cash buyout. Semiconductor components maker Diodes Inc (DIOD) agreed to buy BCD for about $151 million, or about $8.00 per share; more than a 100% premium over Wednesday’ s closing price. The boards of both companies have approved the deal, which is expected to close late in the first quarter of 2013 or early in the second quarter. Diodes CEO Keh-shew Lu said the deal is part of Diodes strategy to expand through strategic acquisitions. Shares of Diodes Inc traded up just over 1% to $17.14
Earlier today shares of Ceasers Entertainment (CZR) fell nearly 9% to $6.72, on Average Daily Volume.
Caesars Entertainment provides casino entertainment services. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, as well as hotel and convention space, restaurants, and non-gaming entertainment facilities.
Since its IPO date February 8, 2012, shares of this well known entertainment corporation have had a dramatic pull back from its highs of $17.90. Although Ceasers has regained much from its November lows, this company is still currently carrying over $20 billion in debt which will hold this company back from a prosperous short term future. Today’s shares fell nearly 9% without any new developments being released. Was there an opportunity to trade this move if you had been following the technical’s of the market. Often moves like this are missed as the retail investor has no idea how to notice it before it happens. if you are interested in getting an idea of how Ceasers Entertainment (CZR) stacks up from a technical standpoint as well as how to identify future trading opportunities take our complimentary trading workshop –
Click here to register http://acornwealthcorp.com/trader.html?p=sl63&w=MSTnow-yh
It is important to remember that all of the thoughts and commentary discussed here and throughout all our forums are simply reflections of our own personal technical approach to the market and should not be constituted as financial advice.
About Acorn Wealth Corp:
Acorn Wealth Corp. is an educational company specializing in education surrounding the trading of publicly listed securities. Acorn Wealth Corp. is not a licensed securities dealer in any jurisdiction. This information presented is for educational purposes only and does not constitute an offering of securities, and should not be relied upon for making your investment decisions. The information presented herein was obtained from sources believed to be reliable but is not guaranteed, is not conclusive, and should not be relied upon as the sole source of information/opinion for making an investment decision. Investing in publicly traded securities is highly risky and the securities and strategies discussed herein are not guaranteed or insured, and their value may change due to economic factors and market trends. The information contained in this commentary is not meant to constitute legal, investment, or tax advice. Acorn Wealth Corporation does not offer investment, legal, investment, or tax advice. Past returns and successes displayed herein do not guarantee future results.
Acorn Wealth Corp
- Hot Stocks: Amgen, Inc. (NASDAQ:AMGN), Myriad Genetics, Inc. (NASDAQ:MYGN), PRGX Global Inc(NASDAQ:PRGX)
- Stocks To Watch: Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX)
- Big Gainers: Cepheid(NASDAQ:CPHD), Brunswick Corporation(NYSE:BC), Vanguard Natural Resources, LLC(NYSE:VNR)
- Notable Losers (China Information Technology, Briggs & Stratton Corporation, QLogic Corporation, Genuine Parts Company)
- News Recap (MEMC Electronic Materials, Stillwater Mining Company, Kite Realty Group Trust, Restoration Hardware Holdings Inc)