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4 Smallcap Picks for the New Year
posted on: January 09, 2008 | about stocks: ABVA / CPST / DCAI / GASS Print Email
We are pleased to announce that Capstone Turbine (Nasdaq: CPST), ABX Holdings (Nasdaq: ABXA), StealthGas (Nasdaq: GASS) and Dialysis Corporation of America (Nasdaq: DCAI) have been added to our list of Focus Stocks.
Capstone Turbine (Nasdaq: CPST) is the world's leading producer of low-emission microturbine systems, and was first to market with commercially viable microturbine energy products. Capstone Turbine has shipped thousands of MicroTurbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours.
CPST investor highlights include announcing that it received the first order for its new C65 liquid fueled microturbine from DoCoMo Engineering Shikoku of Japan. The order is for two microturbines for system integration and they are scheduled to ship early next spring. Capstone's total backlog at the end of the second quarter ended September 30, 2007 was $10.4M of which $7.2M is short term. Revenue for the second quarter was $7.2M, an increase of approximately 145% from the $2.9M reported for the same period last year.
ABX Holdings (Nasdaq: ABXA) has two principal operating businesses: ABX Air, an air cargo services provider operating out of Wilmington, Ohio, and 14 hubs throughout the United States; and Cargo Holdings International, a leading provider of air cargo transportation and related services to domestic and foreign air carriers, and other companies that outsource their air cargo lift requirements. ABX Air is a Part 121 operator and holds a Part 145 FAA Repair certificate.
Through four subsidiaries, including two companies with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, CHI also provides aircraft leasing, airport ground services, fuel management, specialized transportation management, and air charter brokerage services.
In addition ABXA sells aircraft parts, provides maintenance and repair services for airframes and aircraft components, and conducts flight-training services for customers. ABXA operates three sorting facilities for the United States Postal Service and is the largest employer in a several-county area in southwestern Ohio employing over 8,000 people.
ABXA investor highlights include having a total fleet of more than 135 aircraft, including the largest fleet of 767 freighter aircraft in the world. Recently extended its position as the primary provider of domestic airlift to DHL. Currently has thirty-one 767-200 freighter aircraft dedicated to DHL service. Reported revenues of $286.0M and net earnings of $2.4M, or $0.04 per share, for the third quarter of 2007. Each night of operation more than 240 aircraft arrive/depart at Wilmington.
StealthGas (Nasdaq: GASS) is an international shipping transportation company specializing in the transportation of various petroleum and petrochemical gas products in liquefied form. It vessels carry various petroleum and petrochemical gas products including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of oil and natural gas. These products are transported in liquefied form in order to reduce their volume and to facilitate their handling.
StealthGas owns 39 vessels, which includes 38 currently under operation and 1 that is expected to be delivered in February 2008. StealthGas has also agreed to sell three of its existing vessels for delivery in January 2008. With the expected delivery of the remaining vessel by February 2008 and the sale of the three vessels in January 2008, the average age of the fleet will be 11.0 years compared to an industry average of 18 years and the total carrying capacity will be 160,268 cbm. StealthGas ranks number 1 in owned vessels in the 3,000 to 8,000 cbm segment which is its niche.
GASS investor highlights include reporting 3Q revenues of $23.2M and net income of $4.0M an increase of $4.6M or 24.4% and an increase of $1.9M or 91.0% respectively from net revenues of $18.7M and net income of $2.1M for the 3Q ended September 30, 2006. An average of 35.1 vessels were owned by the Company in the third quarter of 2007, earning an average time-charter-equivalent rate of approximately $6,747 per day. GASS has announced eight consecutive quarterly dividend since the company went public in October 2005.
Dialysis Corporation of America (Nasdaq: DCAI) through its subsidiaries, engages in the development and operation of outpatient kidney dialysis centers in the United States and internationally. It offers outpatient hemodialysis services, home dialysis services, inpatient dialysis services, and ancillary services associated with dialysis treatments. The company provides dialysis and ancillary services to patients suffering from chronic kidney failure, also known as end-stage renal disease. It also offers acute inpatient dialysis treatments in hospitals, homecare services, and dialysis center management services.
DCAI owns 35 free standing kidney hemodialysis centers in Pennsylvania, New Jersey, Georgia, Ohio, Maryland, Virginia and South Carolina. In addition, Dialysis Corporation distributes medical products, primarily disposables and diabetic supplies to hospitals, blood banks, laboratories, and retail pharmacies, as well as offers a line of blood lancets used to draw blood for testing.
DCAI investor highlights include announcing operating revenues for the third quarter were $19.1M compared to $16.5M for the same period last year, a 16% increase. Net income for the third quarter was $927,000 or $.10 per share compared to $814,000 or $.09 per share for the same period last year. Net income for the first nine months of 2007 was $2.0M or $.22 per share compared to $1.9M or $.20 per share for the same period last year.
4 Smallcap Picks for the New Year
posted on: January 09, 2008 | about stocks: ABVA / CPST / DCAI / GASS Print Email
We are pleased to announce that Capstone Turbine (Nasdaq: CPST), ABX Holdings (Nasdaq: ABXA), StealthGas (Nasdaq: GASS) and Dialysis Corporation of America (Nasdaq: DCAI) have been added to our list of Focus Stocks.
Capstone Turbine (Nasdaq: CPST) is the world's leading producer of low-emission microturbine systems, and was first to market with commercially viable microturbine energy products. Capstone Turbine has shipped thousands of MicroTurbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours.
CPST investor highlights include announcing that it received the first order for its new C65 liquid fueled microturbine from DoCoMo Engineering Shikoku of Japan. The order is for two microturbines for system integration and they are scheduled to ship early next spring. Capstone's total backlog at the end of the second quarter ended September 30, 2007 was $10.4M of which $7.2M is short term. Revenue for the second quarter was $7.2M, an increase of approximately 145% from the $2.9M reported for the same period last year.
ABX Holdings (Nasdaq: ABXA) has two principal operating businesses: ABX Air, an air cargo services provider operating out of Wilmington, Ohio, and 14 hubs throughout the United States; and Cargo Holdings International, a leading provider of air cargo transportation and related services to domestic and foreign air carriers, and other companies that outsource their air cargo lift requirements. ABX Air is a Part 121 operator and holds a Part 145 FAA Repair certificate.
Through four subsidiaries, including two companies with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, CHI also provides aircraft leasing, airport ground services, fuel management, specialized transportation management, and air charter brokerage services.
In addition ABXA sells aircraft parts, provides maintenance and repair services for airframes and aircraft components, and conducts flight-training services for customers. ABXA operates three sorting facilities for the United States Postal Service and is the largest employer in a several-county area in southwestern Ohio employing over 8,000 people.
ABXA investor highlights include having a total fleet of more than 135 aircraft, including the largest fleet of 767 freighter aircraft in the world. Recently extended its position as the primary provider of domestic airlift to DHL. Currently has thirty-one 767-200 freighter aircraft dedicated to DHL service. Reported revenues of $286.0M and net earnings of $2.4M, or $0.04 per share, for the third quarter of 2007. Each night of operation more than 240 aircraft arrive/depart at Wilmington.
StealthGas (Nasdaq: GASS) is an international shipping transportation company specializing in the transportation of various petroleum and petrochemical gas products in liquefied form. It vessels carry various petroleum and petrochemical gas products including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of oil and natural gas. These products are transported in liquefied form in order to reduce their volume and to facilitate their handling.
StealthGas owns 39 vessels, which includes 38 currently under operation and 1 that is expected to be delivered in February 2008. StealthGas has also agreed to sell three of its existing vessels for delivery in January 2008. With the expected delivery of the remaining vessel by February 2008 and the sale of the three vessels in January 2008, the average age of the fleet will be 11.0 years compared to an industry average of 18 years and the total carrying capacity will be 160,268 cbm. StealthGas ranks number 1 in owned vessels in the 3,000 to 8,000 cbm segment which is its niche.
GASS investor highlights include reporting 3Q revenues of $23.2M and net income of $4.0M an increase of $4.6M or 24.4% and an increase of $1.9M or 91.0% respectively from net revenues of $18.7M and net income of $2.1M for the 3Q ended September 30, 2006. An average of 35.1 vessels were owned by the Company in the third quarter of 2007, earning an average time-charter-equivalent rate of approximately $6,747 per day. GASS has announced eight consecutive quarterly dividend since the company went public in October 2005.
Dialysis Corporation of America (Nasdaq: DCAI) through its subsidiaries, engages in the development and operation of outpatient kidney dialysis centers in the United States and internationally. It offers outpatient hemodialysis services, home dialysis services, inpatient dialysis services, and ancillary services associated with dialysis treatments. The company provides dialysis and ancillary services to patients suffering from chronic kidney failure, also known as end-stage renal disease. It also offers acute inpatient dialysis treatments in hospitals, homecare services, and dialysis center management services.
DCAI owns 35 free standing kidney hemodialysis centers in Pennsylvania, New Jersey, Georgia, Ohio, Maryland, Virginia and South Carolina. In addition, Dialysis Corporation distributes medical products, primarily disposables and diabetic supplies to hospitals, blood banks, laboratories, and retail pharmacies, as well as offers a line of blood lancets used to draw blood for testing.
DCAI investor highlights include announcing operating revenues for the third quarter were $19.1M compared to $16.5M for the same period last year, a 16% increase. Net income for the third quarter was $927,000 or $.10 per share compared to $814,000 or $.09 per share for the same period last year. Net income for the first nine months of 2007 was $2.0M or $.22 per share compared to $1.9M or $.20 per share for the same period last year.
Looks like Oilsands is building a nice base here above the 200dma and the 50dma...I am looking to be adding a position if we hold here off of support...Might not be to late to get in before the next short/mid/long term run imo...
Swing Trading Gaps
How to trade gaps on a stock chart
Are all gaps created equal? Nope. There are really only two significant factors to consider when trading gaps.
You have to be able to identify if the gap is caused by professional traders or amateur traders. There is a big difference between the two!
Wait a minute...let's back up a second...
What is a gap? A gap is defined as a price level on a chart where no trading occurred. These can occur in all time frames but, for swing trading, we are mostly concerned with the daily chart.
A gap on a daily chart happens when the stock closes at one price but opens the following day at a different price. Why would this happen? This happens because buy or sell orders are placed before the open that cause the price to open higher or lower than the previous day's close.
Here is an example:
Let's say that on Tuesday, Microsoft closes at $26.57. After the close they come out with their earnings report. They report higher than expect earnings that causes excitement among investors. Buy orders come flooding in. The next day Microsoft opens at $27.60. Since there were no trades between $26.57 and $27.60 this will create a gap on the chart.
Let's look at a chart:
You can see on the chart above that the stock closed at one price and then the next day the stock "gapped up" creating a price void on the chart (yellow circle).
Filling The Gap
In Japanese Candlestick Charting gaps are referred to as windows. When we say that a stock is "filling a gap", the Japanese would say that the stock is "closing the window".
Sometimes you will hear traders say that a stock is "filling a gap" or they might say that a stock has "a gap to fill".
Are you wondering what the heck they are talking about?
They are talking about a stock that has traded at the price level of a previous gap. Here is a chart example:
In this example, you can see that the stock gapped down. A few days later it rallied back up and filled in the price level at which there were previously no trades. This is known as filling the gap.
Sometimes you will hear traders saying that "gaps always get filled". This just simply isn't true. Some gaps never get filled, and sometimes it can take years to fill a gap. So I really don't even think it is worth debating because it offer no edge one way or another!
Types Of Gaps
Traders have labeled gaps depending on where it shows up on a chart. It isn't really necessary to memorize all of these patterns but here is the breakdown so that you can impress your trading friends.
Breakaway Gaps - This type usually occurs after a consolidation or some other price pattern. A stock will be trading sideways and then all of sudden it will "gap away" from the price pattern.
Continuation Gaps - Sometimes called runaway gaps or measuring gaps, these occur during a strong advance in price.
Exhaustion Gaps - This type of gap occurs in the direction of the prevailing trend and represents the final surge of buying or selling interest before a major trend change.
Ok, now we are going to get into the really good stuff...
Professional vs. Amateur Gaps
When you are looking at gaps on a stock chart, the most important thing that you want to know is this:
Was this gap caused by the amateur traders buying or selling based on emotion?
Or...
Was this gap caused by the professional traders that do not make emotional decisions?
To figure this out you have to understand this one important concept first. Professional traders buy after a wave of selling has occurred. They sell after a wave of buying has occurred.
Amateur traders do the exact opposite! They see a stock advancing in price and are afraid that they will miss out on the move, so they pile in - just when the pro's are getting ready to sell.
Here is an example of a gap caused by amateur traders...
See how this stock gapped up after a wave of buying occurred? These amateur traders got emotionally involved in the stock. They piled in after an already extended move to the upside.
These traders eventually lost money as the stock sold off over the next few weeks. Notice how the stock eventually did go back up - but only after a wave of selling occurred (professional buying).
Here is another chart:
See how this stock gapped down after a wave of selling occurred? These amateur traders got emotionally involved in the stock. They sold after an already extended move to the downside.
Ok, so let's break this down, shall we?
If a stock gaps up after a wave of buying has already occurred, these are amateurs buying the stock - look to short.
If a stock gaps down after a wave of selling has already occurred, these are amateurs selling the stock - look to go long.
These types of gap plays usually provide great opportunities because they represent and extreme price move.
Well, there you have it...a short primer on trading gaps.
Gaps can provide nice swing trading profits but they can be a little more tricky to trade. The advantage is that you can sometimes make big profits, quickly, and with a little less risk...
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