NSOMNIYAK CHALLENGE:
TGA – Transglobe Energy Corp. – Gas and oil drilling company based out of Canada. Most of their recent drilling activities are in the Middle East. Forecast for growth based on $80/ barrel oil prices. Higher prices should mean higher profits. Recently moved from AMEX to NASDAQ. Also, expected to sell all Canadian wells toward the end of PSL #8 which could provide a nice bump late in the contest.
CPST — Capstone Turbine Corp. – Builders of micro turbines. Recently signed agreements with China, Brazil, and India as a distributor. Has almost a year of backlog on the books. Losses are being reduced and should turn profitable this year. Green renewable energy has become a worldwide buzz and should continue. If this wildcard doesn’t jump by mid contest this could be a tradable position.
AYSI — Alloy Steel International, Inc – This has been covered previously by numerous sheepish folks. Let’s just leave it as a growth company.
ZYNX — Zynex Medical Holdings, Inc. – Another sheepish growth company that has been discussed at length. I’m following the herd on this one.
GE — General Electric Co. – I’m not sure why I have this one in the contest, although, I do like the fact that they are leaders in renewable energy and energy conservation. And with the markets the way they are right now this might be a good place to preserve capital.
CASH – Using the Lentinman approach to the markets right now this might be my safest pick. Trying to save some powder also in case the herd moves on to greener pastures. I don’t want to get left behind.
This is my nasty little habit!
