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Why investors fail:
I think that unless an investor is like us, pretty much on the job every day, they tend not to follow their stocks too closely. You have to read all of the news/prs/filings if you want to do the job right.
For 24/7 guys, I think the biggest mistake is not holding a stock long enough. Case in point: From what I have read on the VM board, lots of people jumped ship on MDF before it made it to $3. Even if you rode it from say, 75 cents to $2 and made a nice profit, you could have had another $1, or 133 percent of the original cost. 133 percent just for waiting. Sometimes you don't have to wait too long either.
My biggest problem is not waiting to buy. Case in point: THK. The day that I "discover" an undervalued micro, my heart starts to pound and I am off and running.
My 2-cents worth.
ROYL--volume upward of 500K on an uptick. Someone is buying.
Be interesting to see if there is a follow through on Monday.
gas man a/k/a kozuh--ROYL
As of 1:30, the volume was 10x the average daily volume--400K+.
EOM
niles_crane3:
You have quite a history with IMCL. If you look at the recent news and figure there will be more positive stuff coming, then consider that it is way off of the 52-week high, you probably have made the right decision. I'll be watching.
bbotcs
Bobwins:
Thanks. That was "must know info" for O&G players.
One thing that I cannot figure out is why diesel fuel is so high at the pump. Demand is up, but I don't know that that would explain it. The refining process is a lot simpler, right. The truckers aren't going on strike, so I figure the oil companies must be putting out the right spin.
CPE--Are you still hold onto your position. I ain't budging.
Thanks.
bbotcs
IMCL:
Anybody remember the movie "Short Circuit" and its sequel? About the talking robot and the nerdy Indian scientist who messed up every idiom in the English language--like "The early bird gets worms".
If you had bought IMCL in premarket, you would have gotten the worm--up over $4 from the pre-market close. I put in an order for the open at $32 and it still is sitting there. I was lying in bed watching the premarket when I should have had my rearend on the seat in front of the computer. No more late night TV. Gotta get that TV out of the bedroom.
Anybody follow IMCL?
bbotcs
kozuh the gasman:
As far as I am concerned, Europe has been in crisis since the fall of the Roman Empire.
In a perverse way, the weak Euro is good for the U.S. The dollar seems stronger by comparison. As the dollar continues to strengthen, the Fed is under less pressure to raise interest rates. Of course, the stronger dollar will hurt HURC which I just bought. Always something, ain't it?
bbotcs
LCI--patentlawmeister
How smart is a guy who owns a stock in the teens that tanks to $4? Everybody and their brother is making generic drugs. Cramer says forget the generics. Way too much competition. Also, if there was going to be a takeover, wouldn't something have already happened, given the relatively low stock price.
If you already have a position, I hope that you get a big return. Me, I'd rather just add more shares of MDF. I've been burned buying generic drug stocks. I'll go with Jim on this one.
bbotcs
mktbuzz--VSEC
Feeling a little better about this stock today. It has hit the average daily volume and is on an uptick. My guess is that we'll move up--not down--from here. Pullback seems to have been a breather.
bbotcs
OT: Don't forget that today is the 61st anniversary of D-Day.
If it weren't for D-Day, all stocks would be trading on the Berlin Exchange.
Also, saw a good movie--The Cinderella Man with Russell Crowe and Rene what's her face. According to the internet news, Crowe was arrested in N.Y. last night for allegedly assaulting a hotel employee. Sounds like a publicity stunt.
Just wasting time while the stock market reeks. Last week I bought 1K VSYS and only 100 XWG, my only purchase of that stock ever. Got it backwards if today's action is any indication.
researcher59: HURC
The Euro seems to be on the ropes. "Italian Minister calls for return of lira"--yesterday's news. Rumblings about returning to pre-Euro currencies everywhere. It could all be crap, but who knows. Seems logical that the Euro is in trouble. But only the guys at the central banks really know for sure. Peons like us don't.
Where I am going with this is that 2 weeks ago HURC seemed liked a great growth stock. Now the Euro mess is taking the shine off of its earnings potential. They can sell all of the product that they want to in Europe, but if the currency flops...
I am not saying that this is not a good company with good products. What I am saying is that the stock might get a lot cheaper if the Euro gets erratic.
bbotcs
Bobwins: CGNW
Are you going to mention that you are a sheriff, too, in your email to management?
That was a major hoot.
bbotcs
My purchases this week from this board: XWG, VSYS, and VPHM.
Thanks to whoever it was who posted a broker's upgrade info on VPHM--it pushed me over the top.
Time to avoid companies with heavy sales in Europe cuz of the mess with the Euro. Probably will be sorry I jumped into HURC last week. Time will tell.
And remember what Cramer says, buy the high-quality stuff at this point in the cycle. We are, Cramer, we are. Only they are micros!
Over and out for the weekend.
mktbuzz--VSEC:
Still own. The order didn't go off. Now it is down a point-and-a-half. A classic case of "you snooze, you lose".
SOHU's run has gotten soft.
bbotcs
TGB: Up 16 percent for the day. Go Bob! EOM
JMIH: hweb2
Thanks for posting that article. That Hispanic workforce should help them out. They are hard workers, if the employees at the local McD's are any indication. When there is a crowd in line, after taking an order and collecting the money, before you can put away your change they look around you to the guy behind you and take his order. They can clear out a back-up in 5 minutes. Never saw anything like it. IF JMIH is hiring day labor, once the start-up costs are absorbed, the improved laborforce has to have a positive impact on the bottom line.
Somebody on this board stated in a great post that marinas are getting hard to come by on Florida's East Coast because of the construction of condos, etc. Maybe Jupiter will get some dealers lined up on the West Coast. Does anyone know if the marina situation is tight on the West Coast? Lentinman?
Starting to look like Bobwin's has done it again! Early days, but we now know that business is okay--maybe even pretty good. Funny how you can get good info on companies from local rags.
Now I'm a little optimistic after being down in the dumps over missing the PAR and DNO gravy trains.
bbotcs
MKTBUZZ: VSEC and SOHU
I saw that and I am out. It looks like it has stalled out. If if backtracks to $24.50 or better, I'll get back in. Long-term, this is a great play, imo, but it is kind of high right now.
SOHU has started to move. Closed around $20, 52-week high is approximately $24. That would be 20 percent up from this level.
Looks like I'm having an attack of mo-mo madness.
bbotcs
NYSE closed early. Tech problem. EOM
DRAM v. THK
Think that THK is a much better value. Balance sheet looks clean and during the last quarter the revenue growth was spectacular. DRAM's revenue growth is okay, but pales to nothing next to THK's revenue growth. DRAM is pure tech and THK is "internet".
You get twice as many shares of THK for your money. THK is doing acquisitions and might not be able to keep up the phenomenal revenue growth or translate the additional revenues into earnings. Acquisitions can be a mess. Anyhoo, it looks like TNK is growing the business and DRAM is doing little more than treading water. The dividend is not a good sign, imo. It says that they have nothing better to do with the dough. Low-cap tech stocks shouldn't be paying dividends. I know that much. JMHO.
howielonger:
Blatant, ain't it.
bbotcs
Cosmo:
A broker at Prudential told me that he hates putting in orders on the AMEX. Apparently, the big brokerages fair no better than we do with that exchange.
I have been reading about TVIN. Oooh, yeahhh, Jerry.
bbotcs
HURC: patentmeister:
There might have been some worry about the Euro weakening in light of the French vote. (France thinks it is a superpower. Very delusional, imo.) A weaker Euro translates into higher costs for HURC's products, and HURC is doing well in Europe. That could've been a catalyst for the shorting. Who knows?
Liking this one.
Regards,
bbotcs
erhe: snakeman
Thanks for the heads up on ERHE. Bought 3K because I think that the news has not been spread wide and far. I am in strictly for a trade--not lookin to change my zip code--maybe just buy a brass mailbox or something.
bbotcs
mktbuzz: VSEC
The gift that keeps on giving. Obviously sellers are few and far between.
bbotcs
lentinman: OT
The similarities to the tech bubble give me the creeps. In American history class they taught us about the speculation in Florida swamp land during the 1920's. Is there a parallel here? Those canal lots sound like filled-in swamp land. Sick.
If there is a big crash in real estate, the banks are going to take a big hit. One third of new home loans are "interest-only" loans. Fine if you have money; bad if you are living from paycheck to paycheck.
It ain't gonna last.
bbotcs
2morrowsGains:
Thanks for the article. A friend in the Ft. Lauderdale area of Florida says that there are cranes everywhere down there. They are tearing down buildings in old neighborhoods and building condos. They are rehabing old condos. It is really nuts.
Non-VM's like Home Depot and Lowe's will probably have some good quarters ahead, too. If mutual funds want to play the building materials market, they have to go with stocks like HD and LOW. But we are lucky. We can buy a low-floater like IPII. After reading about it ad nauseum, I bought a thou. Go IPII.
bbotcs
abh3vt:
Yes, but has management said anything to indicate that the growth won't continue? Say the revenue and eps growth slows. I'll take 30, 40 50 percent growth. They are talking China and India.
I believe that it is more like than unlikely that the price will double from here--eventually--unless the U.S. dollar becomes very strong against the Euro. That doesn't seem likely.
The float is under 6M and business is good. I dream of $34-$35 within a year.
bbotcs
HURC: Rawnoc
If they can keep up the revenues and earnings momentum, it is still way undervalued, even in the $18's. The increase in gross margins is a good sign. I think that the dollar has stabilized and might even strenghten. Even still, they are selling product. Better late than never, they say.
bbotcs
AMLN--looking into this one. Anyone own it? News item last week--diabetes is out of control in U.S. Duh. This one seems to be a one-trick pony. Pretty much a pure play in diabetes. Big drug cos. have diabetes drugs--lots of bucks for marketing.
Will post more after I finish dd.
EGY: My mama done told me, I'd hit a dry well. . .
Combo of lower oil prices and bad news from the company is not a good thing . . . unless you want to average down at a low price over the summer. If you have a long-term perspective, drool on, baby. The way to make the big money at this game is to buy good companies when they get dirt cheap. Every stock has a 52-week high and a 52-week low. Look for them lows, baby.
bbotcs
VSEC--MKTBUZZ
Still looking good. Will be interesting to see if it takes out the 52-week high. If that $543M Navy contract doesn't go to the bottom line this year, I am going to jump ship. Not going to hold this forever. Don't like the fact that their funded backlog hardly increased year over year. Still, I'm looking for a good year ahead for this stock.
bbotcs
IPII--not stock related
CNBC is doing pieces on Miami during "Power Lunch" this week.
They already have touched on real estate. Looking forward to seeing some stuff on construction. FWIW.
mikeo56: IPII
What management should do if earnings continue to improve is to forward slip the stock--twice--to get the float back up to where it was. Only guys like us will buy a stock with a float as low as IPII's currently is. In fact, if business stays good, they go forward split it 3 or 4 times. I wouldn't complain.
bbotcs
Bobwin's:
Sounds like you got the GG blues!
Thanks for ASPN. Holding that and EGY and TGA for the LONG TERM--2 to 3 years. I say that now--but. Definitely will hold TGA until I see how Egypt plays out. That is big-time excitement.
I am going to move my focus to Hank's small banks for a while.
Think I got enough energy stocks to make me think that I'm happy.
Double thanks for ASPN.
bbotcs
PLCC: researcher59
I did the same, expecting a nice dividend in the worst-case scenario. With insider ownership that large, you stand a good chance of getting a nice payout eventually.
bbotcs
bones1420: AMTD
As I awakened to the dulcet tones of Mark Haynes on CNBC's "Squawk Box", I think I heard that AMTD says it is not for sale. I was a bit groggy, so I still might have been dreaming.
PLCC--looks good on paper Put in an order for 200 shares since you are underwriting our bets. Spread is a joke. When you have that kind of insider ownership, sometimes they gives themselves and the rest a nice dividend. That is true of one I see touted here a lot--MMRK.
So, if my order doesn't go off, I'll blame you for using those CAPS! Just funnin' ya, Wyatt.
bbotcs
tbone58x: MDF v PDGE
Apples and oranges. They both seem to be very good VM's.
bbotcs
ALTI--This is a good candidate for a ZCC. Check out today's 10Q. Operational results are going to stink next year, among other reasons cause they are sinking money into R&D which ain't such a bad idea, imo.
If they keep up the revenue growth, this will change our zip codes sooner than later. Uneducated guess would be a 4 bagger within 2 years, since nanotech is a sexy area.
Check it out thoroughly before you invest a nickel.
bbotcs
Question: I have seen building materials stocks mentioned on this board. Does anyone know of a good play in retirement communities? That is going to be a booming industry, and this is probably the time to invest in some good companies.
Maybe some of the building materials companies (micros) are indirect plays? TIA.