Posts for Ticker ‘EGO’

Gold Stock Pressure, With Or Without Gold Prices (EGO, RGLD, IAG, GSS, GLD, GDX, ABX)

gold-image4We covered last weekend about how the $1,000.00 gold was at an inflection point and looking as though it was either poised to pop to $1,200.00 on the speculation of fear or that it was likely to fall back towards $800.00 as reality prevails as the world didn’t flatten and proceed to roll off the edge into the abyss.  What is interesting is that even as gold was hitting highs, many of the miners, particularly the speculative miners, were well under highs and have seen even worse pressure this week on gold’s pullback.
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Posted on: February 27, 2009 – 9:03 am in Commodities, Metals, Trading Alert, , , , , , ,

Pre-Market Analyst Downgrade/Negative Calls (AAPL, BK, BUCY, CCRT, EGO, JOYG, NOK, PALM, SAY)

Broken_money_merger_imageThese are some of the top pre-market analyst downgrades or cautious calls seen from Wall Street early this Thursday morning with more than two hours to the open:

  • Apple (NASDAQ: AAPL) Started as Hold at Canaccord.
  • Bank of NY Mellon (NYSE: BK) Cut to Market Perform at KBW.
  • Bucyrus International (NASDAQ: BUCY) Cut to Underweight at JPMorgan.
  • CompuCredit (NASDAQ: CCRT) Cut to Market Perform at KBW.
  • Eldorado Gold (NYSE: EGO) Cut to Outperform from Strong Buy at Raymond James.
  • Joy Global (NASDAQ: JOYG) Cut to Underweight at JPMorgan.
  • Nokia (NYSE: NOK) Started as Sell at Canaccord.
  • Palm (NASDAQ: PALM) Started as Sell at Canaccord.
  • Satyam Computer (NYSE: SAY) Cut to Sell at Goldman Sachs; Cut to Underweight at Morgan Stanley.

Jon C. Ogg
December 18, 2008

Posted on: December 18, 2008 – 7:20 am in Analyst Calls, , , , , , , , ,

Good Earnings Aren’t Always Enough (CVX, EGO, EQT, TDW)

Pre-open earnings came out today for Chevron (NYSE:CVX), El Dorado Gold (NYSE:EGO), Equitable Resources, (NYSE:EQT), and Tidewater (NYSE:TDW). Two play in the oil and gas patch, one is an oilfield services company, and one is miner. All did well, but maybe not well enough.

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Posted on: August 1, 2008 – 10:30 am in Commodities, Earnings, Metals, Oil & Gas, , , ,

Eldorado Gold (EGO): Two Views: Big Difference

Eldorado Gold (EGO) is being pilloried because a court shut one of its mines in Turkey due to potential environmental problems. The company’s shares are down 25% today to $5.

But, before the news came out, TheStreet.com spoke well of the company:"The stock has recently broken out to the upside of a bullish consolidation pattern in the daily chart, and confirmed with volume." And "we would view any pullback toward that level as an opportunity to get long"

So, EGO is a "buy"?

Probably not.

Douglas A. McIntyre

Posted on: July 12, 2007 – 9:10 am in Uncategorized,