A-Train Finance

Hello, and I hope that everyone has had a wonderful weekend. Just wanted to make a few notes about two companies that I’ve had my eye on.

The first company is Eldorado Gold Corp. (EGO: 19.32 +0.16%). Eldorado has been rallying thanks to the weakening dollar and rising costs of gold. On Friday, EGO closed at $7.00 - just six short cents below it’s 3-month breakout point of $7.06. I am currently long 300 shares of EGO at $6.97 and will buy another 700 or so at the $7.06 break-out point. I believe it is very likely that EGO will break-out Monday because gold has continued it’s rally over the weekend, now trading at $980 up from $975 on Friday. Futures on the Dow are down for Monday morning, so I think this should help EGO along the way also. To make things even more convincing, the StockTiger has EGO as a break-out pick at the same price. I’d definitely rate EGO a buy at $7.06 per share for some nice profits. Always remember to set stop-losses to prevent large losses and keep large gains!

The second is Idearc, pronounced Idea-Arc(?) (IAR: 0.16 0.00%). This is a company that was spun-off of Verizon wireless. It’s a phone-book advertising company with 9 billion in debt and in my humble opinion, nowhere to go. Phone books are more out-dated than rotary telephones. It may have some bounces in the short term, but I’m not going anywhere near this company. I am a child of the Google generation, as whenever I need to find a phone number or information about a location, I just look it up right on my phone. As the baby boomers slowly convert to the digital age, the ‘Phone book’ will die just like vinyl records and VHS tapes. Who wants to carry around a 10 lbs book full of information you’ll only use once every three months, when you can just look it up on your computer in a fraction of the time? With the advancement of smart GPS units, PDA’s, and Smart Phones the Yellow pages will be gone by the end of the next decade. Might it make for some good trading action now? Yes, maybe. But ask Verizon - they’re the ones that loaded it up the majority of their debt, and gave it the boot. Verizon knows what they’re doing. I have no position in IAR.

Please keep in mind that I am not a financial professional.  These are only my ideas, instincts, and personal beliefs.  Do not make any buy or sell decisions based on anything you read here.  Thank you!