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Re: DJPennyTrader post# 580

Sunday, 11/17/2013 12:30:18 AM

Sunday, November 17, 2013 12:30:18 AM

Post# of 1325
My only concern is that they are ramping up for production just four and a half months from now, and they have no orders for that. at the beginning of the year, they noted they had most of the year sold, now they have just three months sold. Granted, that is because they are ramping up production after that, but again, most companies do not ramp up production for speculative reasons.

Now, apparently they have the money to do that, and there is good reason to think that there will be demand for the wire, but in the business world, three months of production backlog is nothing.

That said, I am in at 1.75. It is now or never. Momentum leading up to the ramp up in production should get us to the threes or at least high 2s.

If they make an announcement it will go to 10.
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