The Taipan Group's 247profits e-Dispatch
Baltimore, New York, Chicago, Berlin, Bonn, London and Paris
August 25-26, 2004
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***Find out why China is the engine of economic growth�
*** High-end US factory orders in July posted the biggest gain in four
months. Orders for transportation equipment made the biggest gain since
February. There's even good news in Germany. Is this as good as it gets?
***The Department of Homeland Security recently launched the National
Cyber Alert System, using a digital map to track cyber-terrorist threats.
A tiny $5.50 security company has a chip that can stop viruses and worms in
their tracks. The company's business is growing so fast, analysts increased
its EPS estimate by 45% in one month� and 218% for next year!
We think the stock is worth $34.88. Find out exactly how you could
profit:
http://www.youreletters.com/t/50274/3785361/407/70/
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>From the Desk of J. Christoph Amberger
Dear Friend,
That's why they call him "The Streak":
Extreme Volatility Speculator's Ian "Hot Hands" Cooper is on a roll
again. For the third consecutive week, Ian and his EVS team have raked in
nothing but profits. Just this afternoon, they recommended that readers sell
half of their DIA calls for 50% gains, half of their QQQ calls for 33% gains,
and half of their Chiron play for 38% gains in one week.
That's in addition to the 31%, 37%, 85%, 100%, 100% and 73% taken in
the last two weeks betting that historically high oil prices, fueled by fears of
Russian and Venezuelan supply shortages and unrest in Iraq, would have a
significant effect on US markets. (All you had to do was buy and exit the
DIA and QQQ puts as advised.)
Of course, you know by now that innate modesty keeps me from bragging�
but that was on top of a 460% gain in less than three weeks for investors
who bought the August 540 Russell Index puts at US$2.65 and sold at
US$14.20 playing the historical trends of the index, 37% gain on shares of
Kronos Inc., one-month gains of 111% and 37% playing the short side of
Express Scripts prior to news of legal action, and a 35% gain playing the
short side of Adobe on news that insiders were running scared.
But options only make up 50% of the team's trading strategy. The other
50% includes "must own" stocks.
***In particular, there is a bunch of nanotechnology stocks that EVS is
watching with a curious eye. While a failed nanotechnology IPO sent traders
scrambling for cover - you may remember, Nanosys of Palo Alto called off
its IPO earlier this month because of "adverse market conditions" - a recent
industry report pegs government, private, and venture capital spending this
year at US$8.6 billion, 10% more than last year.
Next year, private-sector nanotech research is expected to surpass
government research for the first time. Couple that with recent insider buying
and an upgrade to "buy," and our current 10% gain on this "must own" stock
could be dwarfed. The best part, Ian assures me, is that it's still a screaming
buy.
For more information on the EVS team and to join in on their latest streak,
go to:
http://www.youreletters.com/t/50274/3785361/464/70/
***High-end US factory orders in July posted the biggest gain in four
months. Orders for durable goods rose 1.7% on stronger demand for
airplanes, machinery and communications equipment.
Orders for transportation equipment rose 5.6%, the biggest gain since
February, mostly reflecting stronger demand for airplanes. In June,
transportation orders had increased by 4.7%. Orders for non-defense capital
goods even jumped 9% in July.
***There's even some good news for economic laggard Germany: second-
quarter GDP growth has accelerated to a breathtaking 0.5%.
Unfortunately, analysts expect that's about as good as it gets: exports are
projected to fall in the second half of the year and domestic demand will not
be strong enough to compensate.
Q2 exports rose 3.3% while imports advanced 2.2%. And Germany's
budget deficit hit 4% of gross domestic product in the first six months of the
year, exceeding European Union (EU) limits for the third year in a row.
Earnings Announcements for Thursday, August 26, 2004:
Ahold NV, ASAT Holdings Ltd, Ashworth Inc., Chico's FAS, Culp Inc.,
Intellisync Corp., Krispy Kreme Doughnuts Inc., OSI Systems Inc., Plato
Learning Inc., and TiVo Inc. are some of the companies releasing earnings.
Sponsored by your free daily "Fear and Greed" e-newsletter. You can sign
up for your copy here:
http://www.youreletters.com/t/50274/3785361/409/0/
***Quote of the Day:
"Don't listen to poor or frightened people. I have such friends, and I
love them dearly, but they are the 'Chicken Littles' of life. When it
comes to money, especially investments, 'The sky is always falling.'
They can always tell you why something won't work. The problem is,
people listen to them, but people who blindly accept gloom-and-doom
information are also 'Chicken Littles.'"
--Robert T Kiyosaki, "Rich Dad, Poor Dad" (1997)
***WORLD OF PROFITS***
*** "And still our indicators remain solidly lodged in the red. We'll stick to
our bearish assessment for another day."
Having been ignored for three days straight, our indicators have thrown in the
towel: As Hong Kong moved up yet again - inconsiderately paying no
attention to our predicted downside - to close at 12,793.03 (up 146.54
points or 1.16% for the day), they quietly realigned themselves with the
upward mode of the index.
Can we trust them again? We remain skeptical� maintaining a downside of
12,500 for next week, while allowing sufficient space for the index to graze
12,900 later this week.
*** "The leading indicators now point to a mild if inconsistent Tuesday, with
gains around 0.5%."
For most of the day, the Nikkei appeared to be stuck at breakeven. Only in
the late afternoon did a rally take off that pushed the index to 11,130.02, up
144.69 points (1.32%).
What's ahead? Our forward indicators point to an upside near 11,200
tomorrow.
***DESK OF DENHOLM***
This just in from Taipan's resident Editor-at-Large, Martin Denholm:
***Sales Down� Prices Up. The National Association of Realtors says
although sales of existing US homes fell 2.9% in July to 6.7 million - only the
second monthly drop in the last year - the average national price of a house
rose 8.7% from July 2003 to US$191,300.
But a Bloomberg headline this morning reads, "Greenspan Says Fed Can't
Tell Whether Housing Bubble Forming." The Fed chief says while it's true
that house price inflation has "outstripped gains in income and rents over
recent years" and "raises the possibility that real estate prices [�] could be
out of line with fundamentals, that conclusion cannot be reached with any
confidence."
Housing bubble or no housing bubble� the fact is that house prices in many
areas have ballooned, with the trend still evident in some markets. Take a
look at these staggering figures from just two major US markets.
First: San Diego, where the California Association of Realtors reports that
the median price of a single-family detached home climbed from
US$580,670 in June to US$582,490 in July. That's a pretty significant rise
in just one month. But it's an astonishing US$152,000 rise from
US$430,470 in July 2003.
The state average for that class of home was US$463,540 in July, while Los
Angeles, surprisingly, came in under that at US$448,800.
Further east, the average closing price for existing homes in the Denver area
climbed to a record US$299,131 this month. That's despite the housing
market being labeled as "so-so" in August, according to Metrolist Inc. and
RE/MAX Professionals, who compiled the data. If that's classed as "so-so,"
I'd hate to see what effect a "strong" month has on prices!
But the median price of Denver homes actually fell from US$244,800 to
US$240,000. This may be a more accurate gauge, since it dilutes the effect
of expensive homes.
***Hong Kong Welcomes Inflation. It's not often you get a place glad to
see inflation creeping back into its midst. But after almost six years of
gradually falling prices, Hong Kong is one such example.
Over that time, real estate has taken a severe beating. The International
Herald Tribune says that office space currently costs one third what it did
when Britain handed Hong Kong back to the Chinese in 1997. The average
home costs 50% less. The deflationary spiral has also eaten into salaries and
pummeled consumer savings.
After a remarkable 68 straight months of decline, consumer prices finally
edged up 0.9% in July, thanks largely to China's explosive economy and the
fact that Hong Kong buys much of its goods from the mainland.
Sectors such as tourism, retail and banking are enjoying resurgent prices ever
since China relaxed the rules for citizens wishing to enter Hong Kong. And
real estate is also rebounding strongly.
Although depressed prices have led in part to the unemployment rate
remaining stubbornly high at 6.9%, first-quarter economic growth did roll in
at a 6.8% annualized rate. It will be interesting to see what the second
quarter produced when GDP figures are released on Friday.
Catch you back here tomorrow.
***TAIPAN TIDINGS***
***In Case You Missed this Notice on Monday, Here it is Again!
Taipan September Issue Pre-Release: The Four Most Undervalued,
Fastest-Growing Stocks In The World�
By Christian DeHaemer
Since 2000, China has accounted for one third of global economic growth in
terms of purchasing power parity. This is twice as much as America. Last
year China's GDP growth rate was officially clocked at 9.7%. Some
economists believe the real rate was closer to 13%.
China is building growth on exports - up 40% last year. Its industrial output
has jumped 50%. Its demand for commodities has surged. In 2003 it
devoured 40% of the global cement supply. It also accounted for a third of
the growth in global oil consumption, 90% of the growth in world steel
demand, and more than all the new-production copper the world had to
offer.
I played this demand by banking 70% gains in Phelps Dodge (PD:NYSE)
from September 2003 to March 2004. That was largest move Phelps Dodge
ever made in a year. But that's nothing compared to this.
I'm going to recommend the four biggest, most undervalued and fastest-
growing stocks in the world.
These stocks could make early investors huge profits. Be sure to check
http://www.youreletters.com/t/50274/3785361/644899/0/ today for all the details in my
Special Pre-
Release Alert.
The opportunity is too big to wait for. And we'd hate for you to miss out on
the next round of Taipan profit taking! If you're not already a Member, or
you need to renew, visit this link to learn more and find out how to join us:
http://www.youreletters.com/t/50274/3785361/644900/70/
J. Christoph Amberger
Executive Publisher
and The Taipan Group's
247profits e-Dispatch Team
P.S. You Could Make 6,410% Gains at the Expense of Terrorists
The group that recommended Taser International (TASR:NASDAQ) at
$4.00 and watched it rally to $64.00 now says�
Make the terrorists pay!
These companies could single-handedly secure America's homeland� and
make you 1,275% - no matter who's elected President:
http://www.youreletters.com/t/50274/3785361/379/70/
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