Hi guys,
I stumbled upon this stock. Stats look fantastic and it smells like this one is ready to explode. What do you think?
I stumbled upon this stock. Stats look fantastic and it smells like this one is ready to explode. What do you think?
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6 Comments
Top 18%
ContraryOne
Aug 14 2008 at 11:18AM (EST)
I would have liked it a lot better at $29. Is this what they refer to as a low moat company? (No unique competitive advantage) Lots of shipping firms and most are undervalued. Not a bad idea but I think it would be a momentum play and you would need to watch it carefully.
Top 89%
CountdeMonet
Aug 14 2008 at 3:05PM (EST)
This is one of the areas I'm looking to get short. Good luck.
Top 92%
jchadingram
Aug 15 2008 at 12:38AM (EST)
I think you missed most of the easy money on this move. You could have watched for the Support/Resistence upward breakout. Look to get in on a pullback to $32.17, with s tight stop @ $30.00. If the Baltic dry index takes a hit, so will this stock.
Top 1%
dirtyharry
Aug 18 2008 at 1:05PM (EST)
Maybe you were trying to buy this a momentum play, but I think stocks like this should be bought for value at the bottom of their trading ranges and not after they've just had a 30% run up!
Top 49%
blacktuna
Aug 18 2008 at 1:43PM (EST)
seems I'm in a room full of technical traders.. I love it! :)
I think there is some juice left in this baby but keeping my eye on it, thanks guys.
Top 1%
dirtyharry
Aug 18 2008 at 2:33PM (EST)
I look at value first, then technical, and use the two in conjunction with one another. I have found if the value is there but the technicals are out of whack, you're setting yourself up for a questionable trade. I agree that the value is still there, but almost universally, you should not buy a stock after it runs up 30% in a week. Stocks that do that often contract quickly too and lose half the gain.
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