Modine Manufactuing CO. (MOD)

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Everything.. Institutions buying shares here.. New line of credit established.. No threat of BK..

undervalued... Recently upgraded...

[THEMONEYMANRL]

im looking to buy a little

[THEMONEYMANRL]

what do you like about company og

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+10% premarket

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Manipulated close again.. Real close .93.. they posted .91 close..

More bullshit..


Hourly stochastic bottomed.. NExt week we rock.

[william2112]

total bs eod..eom

[hero86]

OK.. it's .93 right now.

[hero86]

I'll call it! >>>

We close @ .95..

oops, I mean .90 / .89 4 min later

[william2112]

15 minute view..bollie 10 and 20 period

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Nice shift in momentum here.. Nearly EVERY indicator has settled nicely on bottom with exception to the hourly, which will most likely settle by days end..

Bullish uptrend about to start..

[hero86]

Picked up more @ .89 Did not sell me any @ .87 or .88

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Grabbing what I can here. .93

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I was just running some scans and came across LZB.. Same exact scenario as us, but for only two days.. They closed LAB down .15 cents though..

Look at the 15 min chart to see what i mean..

[william2112]

the thing is...trades can settle after 4 for same day(few minutes after)...but this is too obvious--not enough volume...and the 5 points.. plus the trade size is blatant

it comes after a pre/post market trade....so who is the chump that can't get it together..eh?



?

[william2112]

just call one of your brokers....and have him/her explain why it lagged ...and why your account shows it as same day?..lol...then laugh a bit...and go from there

[hero86]

OMG.. I just looked and AGAIN 5 tics?? WTF?? That changes the chart. Man, some fund wants this down to get mo cheapies IMO

I have NEVER seen this before. Who can we contact? I am totally pissed about this!

[william2112]

that's 5 points(again)....same time..same channel--it won't have a tag...and there is no way it just lagged from a settle..somebody needs clipped for that

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Yeah, its total bullshit...

Today we opened near the fake 1.05 close from yesterday as opposed to 1.11 where we really closed..

[william2112]

did it again....that deserves a call...

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Another manipulated close.. Official close was 1.05.. PRint came in 5 minutes later at 1.00.. BS

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WOund up tight here.. Bollies on the 15m chart nearly touching now.. Primed to go..

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Tight now.. Fwiw the 5 minute stoachtic JUST hooked up..

Seller at 1.06 been holding us back, but they can be gone in a flash...

[william2112]

10 minute intra volatility squeeze now..see which way it goes..but it will go...

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Hourly chart..

Stochastics finally took a breather.. Notice how the Stoch is already sweeping off bottom.. ONce that hooks back up (later today) the price should begin pushing back up..

Late day today, and Friday should be strong imo..

[manysevens]

MOD 60min renko ...

holding

[william2112]

eeehhh..i don't know..it's one thing for a intermarket sweep..or next day trade...but....this tagged @ 16:05 with "no tag"..eh?---that's sloppy and went par with the early morning bizarre

i had over a dozen lookers on my main screen this morning--at least six gapped up...this is the only one that maintained that open window through out the day

she'll open higher than the previous close tomorrow..."again"...but you're correct..."wtf"..eh?

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Someone is manipulating it.. Look at the last 3 closes.. ALL painted down..

[william2112]

the trading program i used today ....lagged all day--started @ the opening(real screwy)--that last trade was crap.....seems as though something was glitched somewhere along the line..why that cleared so late(5 minutes)...should have been running my other ones along with to see if it was exchange related

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Post found on yahoo board.


MOD is interesting...

MOD was brought to its knees to .75 because it violated covenants for its debt and therefore the market was contemplating that MOD could go BK.

Completely understandable and rational in this market.

What is not rational is there has only been a slight rise in MOD's stock price after renegotiating its debt.

MOD's interest rate on its debt has increased so that the payment on that debt has increased from $13 mil to $27 mil yearly.

That difference in yearly debt payment obligation is offset by MOD eliminating its .10 dividend to shareholders per quarter. (or $13 mil a year).

Not awesome...but a pretty nice position to be in with this much incoming cash flow. And especially since the EBITDA covenants have been substantially lowered.

Management has said there is a $10-$20 million cushion on those covenants. Combine that with a new combined line of credit they can access (up to $150 million if they need it) and the strongest cash position they've been in for years, yes, MOD will survive in this recession but more importantly, they'll THRIVE once we're out of it.

Lower commodity costs, less employees, less exposure to currency market discrepancies due to international plants vs. stronger USA dollar, unloading inefficient segments of its business, etc

So why is there such a small pop in price?

I would think MOD would be closer to the $3-$5 range. And I guess Baird agrees with this assessment since his upgrade today and target of $3.

Anyone wise enough to get in MOD these days is going to make a killing in the future.

USA/European plants are being closed and cheaper foreign plants are coming online.

Anything below $3 is a buy imo.

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WTF!! CLose now 1.05!?!??!! MM manipulation at its finest..

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1.11 close.. Another solid day!

[william2112]

would love to see it get back to feb 1 levels...:)

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Bidders stacking again.. Another push should be coming.

[hero86]

Big gap to fill back to 1.74 :O

[william2112]

nice simple daily(directional/stoch)...lovely...

[william2112]

oh boy....get ready for this one...

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Yes.. Picking up nicely.. CHarts look great for more upside..

[william2112]

may start rolln' now.....juice flowing

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We have EVERYTHING in our favor.. Price is appreciating in a HORRIBLE market (wait until we see a market rally).. Institutions buying.. Recently upgraded.. Earning were better than projected.. NO possible chance of BK..


NO reason why this won't be over $2 in the short term.

[hero86]

I actually just avg "up" here @ 1.12 Great buy here IMO. A couple weeks.. people are gonna kick themselves for not buying around a buck in this market.

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I gotcha!

[hero86]

re: MOD 1.75 - 2.00+ "BY" March.. hehe. My bad.

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WHy not February? The price dropped from above $2 because of a Downgrade..

We got upgraded today, so there is no reason why this should not be above $2... Earnings were good too... Better than expected..

[hero86]

2+ bucks in March.

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Institutions continue to load this stock... Looks like majority of the volume recently is institutions adding shares..


They seem to like the stock.. Retail will most likely follow.

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18 More institutions added shares TUESDAY-2/17 .. ARound 1,000,000 shares added by institutions Yesterday, which is the majority of the volume.. These guys have been LOADING now for a few days..

http://www.mffais.com/mod.html

WELLS FARGO increased their position by over 9000% yesterday!

Wells Fargo And Co Institution % 2009-02-17 568,097 % Added More 561,897 9062.85 %

[william2112]

you might have a shot if that window closes before the 10:30ish reversal(or continuation).....look for a dip...cus' that's all you're gonna' get..:)

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lol

[hero86]

Can u please bash this stock on the other boards so I can get some more?? I'd owe ya one! hehe

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YEp.. This should be a fun week.. $2 coming??