Brilliant post from Michael Berkens says it all:

“At $38 Facebook will trade at more than 100x of earnings or PE

For comparison sake here are the some market caps & PE of some other high tech companies based on today’s closing price:

Apple $495 Billion PE 13

Microsoft $250 Billion PE 11

Google $203 Billion PE 19

Yahoo $18 Billion PE 17

Linked In $10 Billion PE 718″

Sabine Royalty Trust receives a distribution of royalty and mineral interests from Sabine Corporation. Its royalty and mineral interests, include landowner’s royalties, overriding royalty interests, minerals, production payments, and other non-participatory interests in various producing and proved undeveloped oil and gas properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The company was founded in 1982 and is based in Dallas, Texas.

Disclosure: Long SBR

Hugoton Royalty Trust operates as an express trust in the United States. It holds a 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. XTO Energy Inc. engages in the production and sale of oil and gas, and holds working interests in the Hugoton area, which covers Texas, Oklahoma, and Kansas; the Anadarko Basin of western Oklahoma; and the Green River Basin located in southwestern Wyoming. Hugoton Royalty Trust was founded in 1998 and is based in Dallas, Texas.

Disclosure: Long HGT

The Japanese Yen is strengthening after sideways trading for the last few months.

As with most oil / energy plays, there is some relative strength in COS.TO lately. COS will definitely get heavy resistance from the 200DMA, but keep this stock on your watchlist.

Volume precedes price: Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices. Granville noted in his research that OBV would often move before price. Expect prices to move higher if OBV is rising while prices are either flat or moving down. Expect prices to move lower if OBV is falling while prices are either flat or moving up.

Disclosure: Long COS.TO

ETM is roaring and making new interim highs. Entercom Communications Corp. operates as a radio broadcasting company in the United States.

I’m seeing a bullish divergence between the price trend and OBV on TRE, Tanzanian Royalty Exploration Corp.

Depending on how the broad market reacts the next couple of days, we could see a breakout in TRE. Keep it on your watchlist.

Tanzanian Royalty Exploration Corporation, an exploration stage company, engages in the acquisition and exploration of natural resource properties.

TLM is making new interim highs after consolidating for about a month. The uptrend is still intact—the trend is your friend until it ends.

NOA is breaking out to new interim highs after consolidating in a tight range between 11.00 and 12.50. OBV is massively bullish, confirming this breakout.

North American Energy Partners Inc. provides heavy construction and mining, piling, and pipeline installation services in Canada. The company operates in three segments: Heavy Construction and Mining, Piling, and Pipeline.

You must be wondering, will we see food riots in America? The answer is NO, because 1 out of every 6 of Americans uses food stamps!!! WSJ has a great breakdown of food stamp usage by state.

Discuss.

A potential descending triangle is forming on PCQ, PIMCO’s California Municipal Bond Fund.

Muni-bonds are making a lot of investors nervous… and for good reason… this chart looks terrible.

JW is back in action.

Does anyone still read this site?

Leave a message if you do.

There is nothing much to it; this is why it is so popular. Using an online savings account, the steps are easy and fast:

1) Find a suitable bank with which you would like to have the online savings account and indicate whether yours would be a single (yours only) or a joint (along with your spouse or parents) account.

2) Verification – the bank would ask and have your personal information verified with the help of a small test deposit. You would need to find out the amount deposited and inform them so the bank can proceed. This would take at the most 48 hours.

3) Account Open – You will then receive the details of your account from the bank, and ATM card.

WSCI has a float of only 2.6 million shares. There are no covering analysts. There has been no insider selling on the open market since July 2007.

A little about WSCI: WSI Industries, Inc. engages in the precision contract metal machining business in the United States. It offers metal components in medium to high volumes requiring tolerances in accordance with customer specifications. WSI Industries offers its products and services primarily to the aerospace/avionics/defense industries, recreational vehicles markets, and computer components and bioscience industries.

The WSCI chart story:

Very bullish on all fronts. Looks like $11-$12 formed base is the longer-term support. P&F is giving a bullish target of: $23.50

The combination that WSCI is in the extremely hot “metals” sector (look at competitor charts of VMI, SCHN, RS) and the future IBD100 exposure could result in a $16-$17 near-term target. Also the fact that since January 1, 2008 WSCI has climbed from $5 to now over $13 and NO insider has sold any shares is telling us that they think that WSCI has more upside.

Please do your own due diligence before buying any shares of WSCI.

I usually stay away from stocks that trade under $3, but one just caught my eye. It is Universal Travel Group, ticket symbol: UTVG

Brief Description:
Universal Travel Group, through its wholly owned subsidiary, Shenzhen Yu Zhi Lu Aviation Service Company Ltd. (YZL), provides reservation, booking, travel and tourism services throughout China. The company’s primary offerings include domestic and international air ticket booking, hotel booking, leisure tourism packaging, restaurant booking for individuals, groups and corporations, and air cargo transportation. Shenzhen Yu Zhi Lu is one of the travel agency in Shenzhen, China. The company has eight company owned reservation office locations, 103 franchised locations and a call center facility. Located in the city of Shenzhen, Universal Travel Group targets the business and leisure traveler. The Company serves those traveling to and from mainland China, as well as the tourist markets of Taiwan, Macau and Hong Kong. The Company has partnerships with Chinese domestic and international airlines, including Iberia, Virgin Atlantic, Turkish Airlines and Swissair.

Basically, UTVG is the second best travel agency in China after Ctrip.com (symbol is CTRP).

The float is 33 million shares. 2007 EPS is .26 cents per share.

The company earlier today report their earnings in a 10-K, and they have showed very impressive growth from 2006-2007:

Highlights:
Margins: Up 15% (2006: 54%; 2007: 62%)
Revenue: Up 67% (2006: 10 million; 2007: $16.7 million)
Income: Up 67% (2006: $5.4 million; 2007: $9.2 million)

They are now trading at 1.2X sales, which is almost unheard of.

Here is the key – Although they have reported their earnings earlier today in their 10K, they have not released the PR yet. Also, they have a CC call on April 1 at 8:00am EST and will be presenting at the Brean Murray Investor presentation on April 3.

The chart looks like if there is a close above 1.57 (10-day), it may run-up to the 1.90 level, with 2.20 being the hard resistance.

The MACD has started to turn positive and RSI is starting to climb.

This is a risky stock, but remember this. If it goes from 1.60 to 1.90, you have a 20% profit.

Please do your own due diligence. I have initiated a small position today.

We’re a nation at war that is experiencing a sub-prime mortgage crisis, so it isn’t hard to see why the US dollar has tanked and a recession is around the corner. However, it isn’t just a growing deficit and countless home foreclosures that are affecting the dollar.

Below are five ways the currency is being affected that people rarely discuss. Awareness of these undercurrents could give you the upper hand when analyzing the market, as most people are obsessed with the usual scapegoats.

1. Petrodollars – The US dollars earned by a country when petroleum is sold, also known as petrodollars, can strengthen or weaken the currency. Since most of the world’s petroleum is dependant on dollars, each country will retain a reserve of the U.S. currency. However, when a country finds itself with a large surplus of dollars, those dollars are put back into the U.S. by investing in assets. What will become of the dollar if petroleum is largely dealt in with other nations’ currency? It could definitely happen and, obviously, that would also make a large impact.
2. Weather – Every natural disaster to strike the US can affect the dollar. Obviously, damage from a few tornados has a smaller effect than Hurricane Katrina did. However, anything that has a negative effect on a large area will impact the economy, particularly if it causes problems for the agricultural industry.
3. Wal-Mart – Is the destroyer of Mom and Pop stores everywhere a culprit? You betcha’. In fact, any stores that largely deal in foreign goods is adversely impacting the dollar. So, you can also blame yourself for the imported car in the driveway and all those toys in your kid’s toy box.
4. US Treasury Secretary – No, it isn’t just the wacky antics of George W. that affects the dollar. In fact, the federal official that affects the Forex market the most is the US Treasury Secretary. It is this person, after all, who represents the US in terms of currency.
5. Public Perception – It doesn’t matter if the public’s perception of the economy represents reality. If they are largely pessimistic or optimistic, then Forex traders are obviously going to follow suit and move money into or away from the dollar.

Mainstream news agencies don’t usually relate the above factors to Forex, so they may not be on the forefront of our thoughts. There are obviously countless undercurrents that change the market, but one needs to analyze more than the usual culprits when trying to predict the ebb and flow.

Heather Johnson is a freelance business, finance and economics writer, as well as a regular contributor at Business Credit Cards, a site for best business credit cards and best business credit cards offers. Heather welcomes comments and freelancing job inquiries at her email address heatherjohnson2323@gmail.com