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Press Room

Meet The Team
 

Joseph gives insight into Short selling techniques on the podcast “Sharkpreneur”, hosted by Seth Greene. December 4th on Apple...
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We are pleased to announce the relocation of our Baltimore office to the World Trade Center Baltimore. World Trade Center 401 E. Pratt Street, Suite 312 Baltimore, Maryland 21202 The Baltimore World Trade Center was designed by world renowned architect I.M. Pei who also designed the iconic Louvre Pyramids in Paris, the National Gallery of Art in Washington D.C. and the Bank of China Tower in Hong Kong.  We look forward to seeing you physically and or virtually. All electronic and voice communications will remain the...
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Shafik Gabr Foundation

Wall Street’s Best Investments‘ latest highlight includes Joseph’s November 4th recommendation as a buy for  Quest Diagnostics (DGX...
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Gabr Foundation Reading Corner

The Foundation Reading Corner encourages Fellows to critique the books that have been recommended to them in each issue, Fr this Issue, Me. Gar recommends “Short Selig for the Long Term: How 2 Combination of Short and Long Positions Leads to Investing success,” by Joseph Parnes, President of Technomart which is considered to be one of the top investment advisories in the United States. in what could become one of the leading blueprints for investing, Parnes describes the philosophy and methods he used to obtain consistent returns in the stock market by applying an understandable formula. Parnes also provides insights into the difference between option trading and shorting which make his system useful in both a bull market-one that is on the rise and where the economy is sound-and a bear market, which exists in In value, Within this framework, Parnes teaches the reader how to oft in bear market and learn the secrets of long-term short selling strategy among other...
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short selling for the long term

Order Joseph’s new book now available , Short Selling for the Long Term: How a Combination of Short and Long Positions Leads to Investing Success,  published by Wiley...
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Buffett Bailed On IBM: Is Watson Next?

In the 1968 movie, 2001: A Space Odyssey, the spaceship’s advanced cognitive computer, HAL — which is “foolproof and incapable of error” — suffers a malfunction that leads to the derailment of the mission. International Business Machines Corp. (IBM) has been commonly associated with the naming of HAL (attributable to movie myth), but in reality IBM’s...
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Withdrawal Of MS Anchor Tied To Biogen

Massachusetts-based Biogen Inc., founded in 1978, focuses globally on the research, development and manufacturing of products to combat various neurological and neurodegenerative...
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Stamps Stock: Return To Sender

Stamps.com Inc., the Internet-based mailing and shipping solution provider is sending short signals this holiday season. STMP offers mailing and shipping solutions through the U. S. Postal Service under the Stamps.com and Endicia brands. STMP, formally known as StampMaster, Inc. was founded in 1996 and serves individuals, large businesses, and warehouses. The El Segundo, California-based company operates multi-carrier shipping solutions and offers customized postage solutions to its customers. STMP’s street approval, demonstrated by its substantive earnings increase, is poised for a slowdown, leading to short selling opportunities. STMP reported a $2.68 per share earnings increase for Q3 2017 on revenue of $115.1 million. This beat the consensus expectation of $1.91 per share in earnings on revenue of  $109.4 million, up 142% and 24% respectively. Also, STMP’s yearly earnings guidance of $9 to $10 per share versus the consensus of $8.05 will significantly project a reduction of its P/E ratio. STMP’s reported earnings and revenue did not impress investors, which adds to the negative outlook. Competition has slowly eroded STMP’s hold on the shipping industry with Amazon’s (AMZN) entry into similar shipping and mailing business models. These noticeable signs of a slowdown warranting a lower P/E ratio, are a sign of holders and momentum traders exiting positions and makes STMP a short-selling candidate. STMP has been in an ascending mode since mid-June 2017, with two major gaps following its last two earnings announcements (see “Pick your gap”). Its overly impressive Q2-2017 earnings report resulted in a gap opening on Aug. 3 from the previous day’s close of $151.20 to $180.40. This is Indicative of a short squeeze with high volume and an increase in the Relative Strength Index to 78.9 in conjunction with the STMP stock price breaching $200 on the day of the gap open. Signs of overextended patterns made STMP prime for a correction. The reversal threatened to be extreme given the gap higher and the severity of the move. STMP was vulnerable when met with the news of the AMZN entry into its business model. This literally spooked investors and traders when STMP gapped lower on Nov. 3. STMP closed Nov 2. at $221.25 and opened Nov. 3 more than $25 lower at  $195.15. The stock continued to bleed settling at $171.25 with heavy volume and penetrating the 50-day moving average. STMP’s bearish pattern has pushed the price close to oversold territory, but it has not yet completely filled the August opening gap. Exiting is now rampant with an average bearish trend, which could find the STMP’s closing price attempting to refill the August gap from $151. This could be followed by challenging its secondary support at the 200-day MA, a breach that would leave STMP in a vulnerable position. Joseph Parnes has no holdings in...
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Iron ore bust

BHP Billiton Limited (BHP) discovers, acquires, develops, and markets natural resources worldwide. It was founded in 1851 and is based in Melbourne, Australia. BHP operates through four segments: Petroleum, copper, iron ore and coal. Iron ore constitutes 38% of its revenue. BHP has enjoyed an overly positive growth rate due to the worldwide demand for iron ore for the production of steel. However, due to the sluggish price of iron ore, BHP’s recent positive run could be coming to an end and it looks to be ready to short. BHP had reported significant and robust growth for the six months ending June 30, 2017, which was responsible for an increase of 13.4% in BHP shares. Contributing to this upbeat trend were productivity gains of $12 billion and a significant reduction of capital exploration expenses in its onshore plans. In its fiscal year 2017, BHP reduced capital exploration expenses by $5.2 billion resulting in a 32% plunge in total expenses. Such momentum is simply unsustainable, due to its massive iron ore interests the price of which have fallen sharply. Mining companies continue to produce more supply, while inventory has significantly increased as a direct result of China’s demand for iron ore. Specifically, BHP anticipates iron-ore productivity to be within 239-243 million tons in fiscal year 2018, representing year-over-year upside of 3% to 5%. Improved productivity will come on the back of an increased yield of the Western Australia iron ore mine. Quite simply, iron ore prices are in a bear market, with volatility paving the way with prices reaching a high of $95 per ton in Feb 2017, then failing to $53 per ton in June 2017. Additionally, metal commodities’ price fallout will adversely affect BHP’s dividend policy. BHP’s dividend policy differs from other companies where payouts are based on 50% of its cash flow rather than to a flat dividend payment in each quarter. Its recent dividend payment is 43¢ per share (including a 33¢ per share minimum payment plus an additional 10¢). This phenomenon cannot be repeated in upcoming quarters. TECHNICAL PICTURE BHP rebounded sharply from a death cross pattern in June thanks to its positive growth report, productivity gains, and China’s Belt and Road initiative resulting in up to 150 million tons of additional steel demand which drove up demand for raw materials. This all led to its sharp upward reversal from $33. However, increased production has led to a drop in iron ore prices and the formation of double top in BHP around $44. A correction should test support at $40 from the September low and a gap around $38.50. If that support is taken out, BHP could test its June lows. BHP is a shining candidate for a short...
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Advance Auto: Downshifting

Advance Auto Parts, Inc. (AAP) the provider of automotive parts, accessories, and maintenance items for domestic/imported vehicles, and industrial vehicles has been given a “ticket to short,” due to a 20% plunge in a singular trading day. The Roanoke, Virginia-based company founded in 1929 sells its products online through AdvanceAutoParts.com and Worldpac.com. It serves do-it-for-me and do-it-yourself customers, aswell as 5,062 independently owned stores, 127 WORLDPAC branches and approximately 1,250 independently owned Carquest- branded stores in the United States, Puerto Rico, and the U.S. VirginIslands. Internationally it serves Canada, Mexico, the Bahamas, Turks and Caicos, the British Virgin Islands and the Pacific Islands. AAP’s 20% single-day plunge was primarily due to its reported lower than expected sales outlook for its Q2 2017. The company’s profit fell 30% to $8.7 million. It suggests that AAP is experiencing broad industry sector headwinds where sales for Q2 were flat instead of beating by an expected 0.2%. To make matters worse, this guidance was lowered by 1% to 3% in same-store sales for the year.  AAP’s adjusted earnings fell to $1.58 per share from $1.90, leaving flat revenue of $2.26 billion. AAP’s principle audience is comprised of do-it-for-me and do-it-yourself customers. The acceleration of new car sales in and around 2010 has reduced AAP’s customer base in 2017 and in its 2018 projections. Or another way of saying this is that AAP’s inventory and  maintenance services are  increasingly unfavorable to its customer base as they are partially comprised of: Batteries and battery accessories, belts and hoses, brakes, clutches, engine parts, exhaust parts, ignition components, radiators, starters, alternators, tire repair, fuel and oil fluids for engine maintenance; which has little demand in a environment of cars that are self regulating, computer centric, and less prone to repair issues. TECHNICAL PICTURE AAP’s stock price has plummeted to its current low of $82.21, which marks its lowest level since September 2013, skidding consistently lower since its 2016 high above $175 (see “A rough road”). AAP traded below its 50- and 200-day moving averages and continued its retreat through mid-May 2017. This led to a failed rebound above its 50-day MA, followed by continued weakness reaching its new low of $82.21.  AAP’s recent rebound challenging the $100 level is being carried out with little conviction. There is a difficult task ahead on AAP’s horizon to fill the prior plunges, as well as its capacity to meet its primary resistance at $110, and its secondary resistance at $115. AAP is on a seemingly long ride in the short...
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Yes: Amazon is different

Retail online giant Amazon Inc. has been the focus of intense investor speculation due to its pending acquisition of Whole Foods (WFM). However, those who have marked Amazon (AMZN) for a short position are being short-sighted and undoubtedly fail to see the opportunity to accumulate a position for solid long-term growth. Amazon’s downward momentum is not fundamentally sustainable, and its upward movements will be generated by high volatility within bid-ask prices resulting in a short squeeze. AMZN, currently boasting a stock capitalization of nearly $500 billion, was founded in 1994 and is headquartered in Seattle. The company engages in the retail sale of consumer products and service subscriptions in North America and internationally.  From its humble inception focusing expressly on books, AMZN has expanded into unanticipated retail segments such as artificial intelligence, food, music, media content, publishing, manufacturing electronic devices and consumer products. AMZN’s June 2017 quarterly report indicated a 25% increase in its revenue to $38 billion while its operating income slid 51% to $628 million (adjusting for periods of earning expansion with increased investing). AMZN’s recorded capital investment comprised of its yearly capital expenditure of $2.5 billion (up 46%) and its capital leases such as property and equipment — up 50% to $2.7 billion — has astonished the street. These numbers are indicative of AMZN’s demonstrative efforts to reinvest and refine its shipping capacity, digital video segment, Echo device and affordable cloud services solutions. Those who hold onto traditional methodologies and try applying them to AMZN fail to understand that AMZN has never followed a traditional business model. They are expecting corrections and retractions similar to other stocks, rather than embracing AMZN’s 20-year proven model as sufficient evidence that AMZN is different and has a unique growth metric. AMZN’s surprising acquisition of Whole Foods only serves to provide further support that the company has not topped off, and will continue with its forward momentum. This all has implications that will boost AMZN’s bottom line. Even in the face of a potential failure to acquire Whole Foods and expand its physical offerings, Amazon has proven itself capable of handling defeat, as it has with other failed expansion attempts (i.e., AMZN’s Fire phone). AMZN’s window for investors to purchase will eventually shut as AMZN continues to evolve and reshape the future for both its shareholders and the world. Hence, keeping AMZN in your portfolio as a long-term growth solution is a smart and lucrative future investment. AMZN has broken the traditional valuation model since 1995 from its sporadic profitable quarters versus the belief of sacrificing profitability for growth. Its technical outlook indicates a status of reinforcement rather than divestment due to its P/E ratio dropping to low triple digits from a commanding high triple digits and has been on a clear pattern of ascension since 2016. Continually trading above its 50- and 200-day moving average, AMZN has been a picture of consistency leading to its rise through early June when its price temporarily breached $1,000. A sell-off has held above its July low near $950. Sporadic correction and retraction operating above 50-day MA may challenge support below this level, perhaps testing $910. Shorts , in general, re difficult to master because of the scarcity of float/liquidity, requiring a contrarian sense of objectivity and Amazon’s business model is equally contrarian by its nature. In the context of the market, AMZN is most solidly a long position and provides a unique opportunity for any portfolio accumulation. AMZN may not have reached the low of this correction, but there is more room on the upside. We recommend buying AMZN between $970 and $988 with a near-term objective of $1,108. Longer-term, we think that AMZN can reach $1,250. A drop below $903 would indicate further weakness, but AMZN will be back above the $1,000 mark relatively...
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Chipotle: New health outbreak, new short

Chipotle Mexican Grill Inc. (CMG), the trendy Mexican-style restaurant chain founded in 1993, develops and operates more than 198 Chipotle Mexican Grill restaurants in the United States, 29 international restaurants and 23 non-Chipotle style restaurants. Denver-based CMG has become famous for its unique food services, while also becoming infamous for its candidacy as a long-term short position. Since 2015, CMG has signaled its short-selling potential and has been continuously recommended as a short. CMG relished its notoriety and its growth rate in 2015, sending the equity to an all-time high of $758.61 with a market cap of $15.19 billion, an earnings per share of 16.76 and a P/E ratio of 29.07. In the fall of 2015 the E. Coli outbreak at various stores in multiple locations across the United States, and the subsequent media coverage generated by the Center for Disease Control’s 2016 formal declaration of its direct association, led CMG to slash its sales and earnings forecast. This sent the stock’s price plunging from its then 52-week high of $521.52, a market cap of $12.82 billion, EPS of 0.77 and P/E ratio of 525.84, as of March 8 2017. During the same period, CMG was faced with a secondary offering of $2.9 million shares by a prominent shareholder activist, which further reducing the market’s trust in CMG. In July 2017 it was reported and confirmed that 130 customers in Sterling, Va., were contaminated by food from a Chipotle restaurant and infected by the norovirus. CMG has been unable to distance itself from its food poisoning reputation, and solidified its June 2017 guidance warning that CMG’s operating costs would be higher, and that its promotional mitigation costs would rise significantly. Despite CMG’s multifaceted attempts to recover from its damaging and hurtful press coverage as well as hindered goodwill, CMG’s stock has continued to decline. Its continuous disappointing earnings have reinforced it as a volatile short position, with more declines in the offing. Technical picture CMG warrants lower P/E multiples to reflect today’s slower growth rate versus its competitors. It has plunged with a down gap since mid-October 2015 with multiple plunge milestones. CMG soared above its 50- and 200-day moving averages in late March 2017 after straddling those averages for most of Q1, establishing a clear reverse head-and -shoulder pattern before finally topping at $499 on May 16. CMG then began a stark decline, breaking below its 50- and 200-day MA in June as well as its 50-week MA. The sell-off accelerated in July following the norovirus outbreak. CMG took out its three-and-a-half year October 2016 low, making the next clear technical support level the 2012 low around $240 (see “Big level,” below). This accelerated weakness pushed CMG into a Death Cross on Aug. 2, with the 50-day SMA crossing below the 200-day SMA, while the market traded below both. CMG last entered a Death Cross in late November 2016 and subsequently dropped from $576 to just below $400 in six weeks. It entered a Golden Cross (the bullish opposite of a Death Cross) this past March before rebounding 25%. CMG’s troubles are clearly not over, and the recent fundamental weakness following the norovirus outbreak has created extreme technical damage. Disclosure: The author has a short position in...
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GS: Anticipating the swap bump

The Goldman Sachs Group Inc., founded in 1869, continues to offer long-term growth and upside potential, despite recent political interference and intermittent plunges. Goldman’s recent volatility should be construed as a golden fleece, without a tragic ending, providing strategic timing for investors/traders seeking long-term growth on equities within the banking sector. New York-based Goldman offers its worldwide investment banking, securities and investment management company through four segments: investment banking, institutional client services, investing and lending and investment management. Goldman’s primary year-to-date income — more than 70% — stems from trading and investments, specifically lending to institutional clients such as hedge funds and high-frequency traders. Unlike its competitors, it has limited its exposure to investment financing within energy-based entities and sectors. This intrinsic insulation, which has been ahallmark of Goldman’s growth power and previously recommended as a long holding, has continued to keep it in a position worthy of accumulation. Goldman had been in a strong ascending pattern since President Donald Trump’s election. Passing through resistance levels at $219 and $232 before settling on a continued base-building area between $237 and $242 during March 2017. Following a correction and retraction with a plunge to $235 and then $227, Goldman stock reversed higher through its 50-day moving average around $232 and rallied to a new high of $255.15. Shares have since plunged 20% from that high set in early March, as promised tax cuts and regulatory relief have stalled. The stock began crossing its neckline set in early May at $226, which was reflective of a bearish “head-and-shoulders” signal, subsequently followed by a plunge to an intraday low of $214.08. Goldman’s recent weakness stemmed from international bond purchases positioning Goldman in the middle of a political storm when it was revealed that its asset-management division acquired $2.8 billion of 2022 October bonds issued by Venezuela’s oil Co. PDVSA on the secondary market, rather than directly from the Venezuelan government. Goldman’s activity, which has been similarly enacted with other discounted sovereign bonds including those from Greece, was met with opposition from anti-Venezuelan U.S. Congress members accusing Goldman of aiding and abetting the country’s dictatorial regime. This was a primary culprit for Goldman’s stock sinking to $212. Keeping in mind that Goldman is not alone in this practice, operating with sound business judgment abiding by “ex fida bona,” as other discounted deals have been derived by similar global asset management firms, most notably Nomura Securities purchasing $100 million of Venezuelan government bonds. With exposure to Venezuela no longer a serious threat, investors have an opportunity to take advantage of these momentary dips in Goldman stock as its price-to-earnings ratio has fallen way below its peers. Goldman’s May low of $211.26 could serve as a long-term bottom (see “GS technicals looking up”). The stock faces primary resistance at $224 and secondary resistance at $232. Base-building and short covering could challenge its upper-head resistance at $239. Though technicals still appear weak, it is not a good idea to bet against Goldman as it has friends in high...
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Core Labs is out of gas

Core Laboratories N.V. (CLB), founded in 1936 and based in Amsterdam, is a provider of reservoir descriptions, production improvements and reservoir management services within the petroleum sector in the United States, Canada and internationally. It has metaphorically started to run dry. CLB now is a short-selling target rather than a sector leader due to its decrease in share value and subpar growth. CLB operates via three segments: Reservoir description, production enhancement and reservoir management. All three segments are expressly targeted to crude oil, gas and petroleum refinement; subsequently conforming to one specific commodity, independent of CLB’s internal investments. Such conformity is illustrated via its reservoir description segment analyzing petroleum reservoir rock, fluid and gas samples. Their production enhancement segment includes services and products relating to reservoir well completions, perforations, stimulations and production; and their reservoir management segment integrating the reservoir and production enhancement services to increase the production and improve recovery of oil and gas from its client’s reservoirs. CLB markets and provides its services via its sales representatives, technical seminars, trade shows, media advertising and third-party distributors. CLB’s specific business operation is intrinsically and extrinsically dependent on one sector, putting the company in a precarious position. The reduction of U.S. drilling and related activities has had a direct effect on CLB. This is evidenced by CLB’s last earnings report where shares have declined 5% from its prior valuation within a substantial 30- to 40-day period. Additionally, CLB’s Q4 2016 adjusted diluted earnings of 41¢ per share was substantially below its year prior quarter of 65¢ per share totaling CLB’s revenue of $150 million. This accounted for a 20.8% decline from its prior-year quarter of $180 million. Its reservoir segment reported an operating income of 17.3 million, its production enhancement operating income was 2.9 million, and its reservoir management suffered a 1.3 million loss. CLB’s future guidance for Q1 2017 is equally indicative of potential decline, based on expectation earnings of 42¢ per share on revenue of $150 million. This subpar growth rate and value places CLB in the 20% lower quartile for investment strategies. While, some believe this is an opportunity to either hold or buy, the signals point toward a prime short candidate. CLB will also be affected by external factors that will remain volatile. These include the overall global economic outlook, potential OPEC taxation and the continued technological advances in alternative energy production. As a result, any immediate or near-term bounce in CLB’s stock performance and perceived growth in earnings should be questioned in light of these precarious factors and seen as a shorting opportunity. Technical picture CLB has been in a declining mode since setting a high of $214 in April 2014. Continued declines with plunges brought the price to a low of $92.75 in January 2015. The election bounce reversed the share price above its 50- and 200-day moving average. The rebound continued to $125, but failed to take out the 2016 high. A downtrend established of the high has not been broken by early April rebound to $117 (see “CLB short energy”). The prospects of energy and soil services sectors, may invite more short-sellers in light of such variance. The retesting of its previous low of $96.30 may be the...
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Ralph Lauren: More Style Than Substance

Ralph Lauren Corp. (RL), the global apparel and lifestyle retailer focusing on three segments; wholesale, retail and licensing, is suffering from severe performance declines from 2015, making it a ripe candidate for shorting. The company, which was founded in 1967 and operates 493 retail locations and an additional 583 sub-retail facilities, ranks as one of the most iconic brands in the world. However, while RL’s cache may be still intact, its overall operating margin continues to contract. New York City-based Ralph Lauren’s fiscal performance rose 1% to $7.4 billion in 2016, which is a 26% decline from 2015. Its wholesale revenue dropped 3% to $3.3 billion from North American sales alone. This in tandem with its operating margin, currently at 25.15% compared to 27% in 2015, and its 4% increase in retail via the Internet and new store expansion has led to a 1% decline to $3.9 billion with comparable store sales decreasing by 3%. As a result, RL’s operating margin stands at 10.7% (a 260-basis point decline), and a revised EPS projection for 2017 from $6.73-$6.90 to $6.34-$6.46 is a sign that RL’s chance of rebounding in the near term is slim. RL’s operating profit and revenues are being squeezed by insufficient sourcing and extreme costs. Their dependence on department stores and discounting have been the culprit of bloated costs that continue to linger. Management has been slow to react, and as a result they are now overwhelmed with expenses in excess of 45.8%, putting them at a disadvantage with their competitors. There are also internal management structuring issues that have become less streamlined and consequently inefficient from their high numbers of entry-level employees and upper level management. For the June 2016 quarter, RL is expecting to earn 98¢ per share year-over-year on revenue of $1.56 billion, down 3.7% year-over-year. For the fiscal year ending March 2017, projected earnings will decline 0.47% to $6.33 per share on expected revenue of $7.10 billion, which is a 4.1% decline year-over-year. RL has been in a consistent declining mode since November 2015. Its reversal in early January 2016 from $97.64 met resistance at $115 followed by its one-day plunge below $90 that gapped lower from $110 to $103, and that continued on to set a new low of $81.72. This reversal continued to have difficulty during a breakout attempt through its primary resistance at $96.99. Now, trading below its 50- and 200-week moving average has positioned RL in a critical divergence mode. This is a result of continuous negative accumulation and distribution evident through its March to May trading range of $89 to $99. A retesting of its previous low of $81.72 set on Feb. 8 was also not an optimistic sign and the subsequent reversals from $83.66 to its early June 2016 level are simply the hallmarks of short-covering boosts. During the past 12 months, RL shares have declined 30%, while the S&P 500 Index has risen 0.23%. With such a difficult task to penetrate its primary resistance and secondary resistance of $103, an additional plunge is in the offing. Ralph Lauren’s elevated volatility may appeal to some as an opportunity to trade on its attempted rebounds, but the short-selling potential far outweighs any such variance. While Ralph Lauren’s clothing and lifestyle line imbue a life of luxury, currently in the words from Christian Andersen’s tale, “The Emperor has no...
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Core fundamentals & technicals point lower

Energy stocks have taken a beating, and continue to provide sufficient short trading opportunities. One such company is Core Laboratories N.V. (CLB), which was recommended initially in November 2015. CLB provides oil reservoir, production, enhancement and managerial services within the oil and gas industry domestically and abroad. CLB was founded in 1936, and is headquartered in the Netherlands, though it maintains a sizable share of the U.S. market. The company, once a golden child during the hot energy sector boom, differentiated itself among other competitors through its focus on evaluating and developing comprehensive solutions to optimize oil extraction and recovery. Its prior economic growth was justified by obvious factors including the geopolitical demand for oil and the race to optimize oil recovery. Core Laboratories’ fourth quarter 2015 results were rather disappointing and provide sufficient signals of continued contraction. Its reported 178 million dollar revenue had a sequential 7% decrease, while its fourth quarter earnings of 65¢ per share (excluding severance and miscellaneous charges of 29¢ per share) is a significant consideration to factor. Core’s 2015 total year revenue was down a staggering 27%. Its rig count, used to monitor the number of rig drillings for oil in the United States, also plummeted 16%, and led to a 60% decrease from its year-over-year basis. Here the market’s disdain for uncertainty has clouded investor confidence, continuing to push the price lower. As hedge funds continue to add shorts, a clear manifestation of a death cross on Jan. 11, 2016 signals further technical weakness for CLB. A significant rebound is not in the immediate offing. Any expectation of a meaningful recovery in the broader energy sector is far from certain. While many analysts have concluded that the price drop within oil is simply reflective of the dollar’s value vs. the demand for oil itself and has run its course, the potential lifting of Iran’s oil sanctions furthers the expectation of higher supplies of oil. This, taken together with the slowing global economy, is sufficient evidence that a recovery is not likely to be seen in the coming quarters. Focusing on the chart’s patterns, CLB has broken its 50-day moving average, now down -8.55% for the past 12 months, signaling a clear downward pattern leading to a base building around $125 to $120, then $120 to $110 and failing again at $113 to $104. While there was an attempt of a reversal in December at $105 to $120, the downtrend has resumed under the death cross (see “Crossing over), falling below $90 before rebounding to...
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Short on Core : Modern Trader

03/20/16 Joseph Parnes, contributor to Modern Trader via Futures Magazine talks Shorts on Core Labs...
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Barron’s Still Short on Chipotle

Barron’s last article on Chipotle “Chipotle Losing Its Spice” by Jack Willoughby on July 3rd 2015 quoted Joseph Parnes ” How the groundbreaking restaurant chain faces new challenges trying to grow. Joseph “thinks another disappointing quarter could push the stock down another 15% to 20%” Now Jack Willoughby revisit and updates Chipotle in “Chipotle Shares are Still Pricy” since its downfall  from July 2015. Read the full article at  Barron’s through Google news if you do not have an account with Barron’s. “Joseph Parnes, president of Technomart RGA, sees Chipotle shares going lower. He notes that a series of steep price plunges signals large holders are...
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Long on Ford

Joseph Parnes, President of Technomart Investment Advisors and Editor of Shortex, latest article in Forbes.com on...
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Barron’s Short on Chipotle

Joseph Parnes, In Barron’s  recent article ” Chipotle Losing Its Spice”. The ground breaking restaurant chain faces new challenges trying to grow. The stock could lose another 15% to...
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Forbes on AmTrust

04/08/15 Joseph Parnes, President of Technomart Investment Advisors and Editor of Shortex, latest article in Forbes.com on AmTrust...
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Barron’s Top RIA

Join Joseph Parnes at Barron’s Top Advisory Summit March 23-25th.Barron’s will host an elite gathering of the nation’s preeminent independent...
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Forbes on MYGN

01/06/15 Joseph Parnes latest Forbes article on MYGN Forbes.com on Myriad Genetics...
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Barron’s Money Poll

Joseph Parnes, featured in Barron’s latest “Money Poll : The Bull Will Be Right Back”, by Jack...
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Forbes on Skechers

Joseph Parnes, President of Technomart Investment Advisors and Editor of Shortex, latest article in Forbes.com on Skechers...
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First Business News

Joseph Parnes, latest appearance on First Business News , with 2 long and 2 short...
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Forbes on /CHD/

Joseph Parnes, President of Technomart Investment Advisors and Editor of Shortex, latest article in Forbes.com on Church and Dwight...
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Barron’s Money Poll

Joseph Parnes interviewed in Barron’s Money Poll cover story “Just Chillin”, by Jack...
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Wall Street Transcript

Joseph Parnes feature interview in the Wall Street Transcript “A Customized Investment Strategy Focused on Growth Companies” Click to...
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Barrons Bye-Bye, Bull

Joseph Parnes, President of Technomart Investment Advisors featured in Barrons’ 2012 Money Poll cover article “Bye-Bye, Bull?” by Jacqueline Doherty, October 27th...
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