FNMA ... Money in the bank
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Will FNMA do the same???? fill the gap at 2.43
Looks like FNMA Preferred just filled the gap from yesterday!!!!
Awesome Q out
PFIE Profire Energy...... take a look :)
I make no predictions, but seriously look at the growth.
Tomorrow or Monday i'll be ready for it :)
http://biz.yahoo.com/e/131114/pfie10-q.html
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
This discussion summarizes the significant factors affecting our consolidated operating results, financial condition, liquidity and capital resources during the three month and six month periods ended September 30, 2013 and 2012. For a complete understanding, this Management's Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Financial Statements and Notes to the Financial Statements contained in this quarterly report on Form 10-Q and our annual report on Form 10-K for the year ended March 31, 2013.
Forward-Looking Statements
This quarterly report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") that are based on management's beliefs and assumptions and on information currently available to management. For this purpose any statement contained in this report that is that is not a statement of historical fact may be deemed to be forward-looking, including, but not limited to, statements relating to our future actions, intentions, plans, strategies, objective, results of operations, cash flows and the adequacy of or need to seek additional capital resources and liquidity. Without limiting the foregoing, words such as "may", "should", "expect", "project", "plan", "anticipate", "believe", "estimate", "intend", "budget", "forecast", "predict", "potential", "continue", "should", "could", "will" or comparable terminology or the negative of such terms are intended to identify forward-looking statements. These statements by their nature involve known and unknown risks and uncertainties and other factors that may cause actual results and outcomes to differ materially depending on a variety of factors, many of which are not within our control. Such factors include, but are not limited to, economic conditions generally and in the industry in which we and our customers participate; competition within our industry; legislative requirements or changes which could render our services less competitive or obsolete; our failure to successfully develop new services and/or products or to anticipate current or prospective customers' needs; price increases or employee limitations; and delays, reductions, or cancellations of contracts we have previously entered into, sufficiency of working capital, capital resources and liquidity and other factors detailed herein and in our other filings with the United States Securities and Exchange Commission (the "SEC" or "Commission"). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.
Forward-looking statements are predictions and not guarantees of future performance or events. Forward-looking statements are based on current industry, financial and economic information, which we have assessed but which by its nature is dynamic and subject to rapid and possibly abrupt changes. Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business. We hereby qualify all our forward-looking statements by these cautionary statements.
These forward-looking statements speak only as of their dates and should not be unduly relied upon. We undertake no obligation to amend this report or revise publicly these forward-looking statements (other than pursuant to reporting obligations imposed on registrants pursuant to the Exchange Act) to reflect subsequent events or circumstances, whether as the result of new information, future events or otherwise.
Throughout this report, unless otherwise indicated by the context, references herein to the "Company", "we", "our" or "us" and similar language means Profire Energy, Inc., a Nevada corporation, and its corporate subsidiaries and predecessors.
The following discussion should be read in conjunction with our financial statements and the related notes contained elsewhere in this report and in our other filings with the Securities and Exchange Commission.
Overview
We manufacture, install and service oilfield combustion management technologies and related products (e.g. fuel train components, secondary airplates, etc.). Our products and services aid oil and natural gas producers in the safe and efficient transportation, refinement and production of oil and natural gas. Our primary products are burner management systems.
In the oil and natural gas industry there are numerous demands for heat generation and control. Oilfield vessels of all kinds, including line-heaters, dehydrators, separators, treaters, amine reboilers, free-water knockout systems, etc. require sources of heat to satisfy their various functions, which is provided by a burner flame inside the vessel. This burner flame is integral to the proper function of the oilfield vessel because these vessels use the flame's heat to help separate, store, transport and purify oil and gas (or even water). The viscosity of the oil and gas is critical to a number of oilfield processes, and is directly affected by the heat provided by the burner flame inside the vessel.
Our products help monitor and manage this burner flame, reducing the need for employee interaction with the burner (e.g. for re-ignition or temperature monitoring), which results in greater operational efficiencies, increased safety, and improved compliance for the oil or gas producer. We believe there is a growing trend in the industry toward automation, including a demand for automation of burner management. In addition to this demand, there is also a need for skilled combustion technicians. Profire also trains and dispatches combustion technicians to address this industry need in Canada. When we believe there is adequate demand for such services in the U.S. and skilled technicians have been trained, we may also begin to market combustion services through our U.S. offices.
Recent Developments
On November 12, 2013, we entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain institutional investors and other accredited investors. Pursuant to the terms of the Purchase Agreement, the Company entered into an agreement to sell to the purchasers an aggregate of approximately $4,700,000 worth of our common stock at a price per share of $2.18. The closing of the purchase is expected to occur on or before November 15, 2013, and is subject to customary closing conditions. As part of the Purchase Agreement, the Company has agreed to use best efforts to list its common stock on an exchange other than the OTC Bulletin Board (e.g. NASDAQ or NYSE MKT), and to maintain said listing thereafter.
Pursuant to the Purchase Agreement, we agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the shares. The proceeds are expected to be used for general working capital purposes and to otherwise finance our growth.
Results of Operations
Comparison of the three months ended September 30, 2013 and 2012
Total Revenues
Total revenues during the quarter ended September 30, 2013 increased $4,962,863, or 113%, compared to the quarter ended September 30, 2012. This increase was principally attributable to increased sales of goods, net.
Sales of Goods, Net
We realized an increase of $4,843,610, or 118%, in sales of goods, net during the quarter ended September 30, 2013 compared to the quarter ended September 30, 2012. This increase was primarily due to improved sales execution, the leveraging of now-effective sales people hired in previous quarters, and improved management of the sales team. There was also an increased number of sales through larger customers, which yielded higher revenues during the quarter. We expect that our quarterly revenues will continue to grow year-over-year, as our sales team continues to execute on our sales strategy.
Sales of Services, Net
During the three months ended September 30, 2013 we realized an increase of $119,253 or 42%, in sales of services, net. We are beginning to experience increasing service revenues as a result of our continued expansion in the U.S., and we anticipate U.S. service revenues will continue to expand in upcoming quarters. As the sales team proactively looks for equipment sales, the opportunity to discuss services related sales is expected to increase.
Total Cost of Goods Sold
As a percentage of total revenues, total cost of goods sold decreased to 40% during the quarter ended September 30, 2013, compared to 49% during the quarter ended September 30, 2012. This decrease is due to a decrease in cost of goods sold-products as a percentage of revenues, due to a rise in the sales of high-margin products.
Cost of Goods Sold-Products
During the quarter ended September 30, 2013 cost of goods sold-products increased $1,600,285 or 82%, compared to the quarter ended September 30, 2012 as a result of increased sales. However, as a percentage of revenues from product sales, cost of goods sold-products decreased from 47.6% to 39.7%. This decrease is due to a rise in the proportion of sales of high-margin products, such as our patent-pending airplate. We anticipate that, as a percentage of revenues from product sales, future cost of goods sold-product will continue to approximate historical levels, or about 40%.
Cost of Goods Sold-Services
Cost of goods sold-services increased $20,938, or 10%, during the quarter ended September 30, 2013 compared to the quarter ended September 30, 2012. As a percentage of service revenues, cost of goods sold-service decreased from 75% to 58%. This decrease was attributable, in part, to logistical efficiencies, derived from serving a larger customer base throughout our service regions.
Gross Profit
Because the percentage increase in total revenue exceeded the percentage-increase in cost of goods sold, gross profit increased to 60% of total revenues during the quarter ended September 30, 2013 compared to 51% during the quarter ended September 30, 2012.
Total Operating Expenses
Our total operating expenses increased $1,113,876, or 86%, during the three months ended September 30, 2013 compared to the three months ended September 30, 2012. As a percentage of total revenues, total operating expenses decreased from 30% to 26%. This decrease was largely attributable to a reduction in general and administrative expenses and depreciation expenses as a percentage of total revenues.
General and Administrative Expenses
During the three months ended September 30, 2013 general and administrative expenses increased by $395,921, or 46%. This increase was mostly attributable to an increase in sales commissions, as well as an increase in stock-based compensation to employees. As a percentage of total revenues, general and administrative expenses decreased from 20% to 13%. This decrease was due to continued leveraging of fixed assets and increased operational leverage from prior investments.
Research and Development
During the quarter ended September 30, 2013 research and developments expenses were $155,089 compared to $70,454 during the quarter ended September 30, 2012. We have increased our focus on research and development in order to improve our current products, as well as pursue additional products that could enhance our current product-offering.
Payroll Expenses
We experienced a $632,191, or 212% increase in payroll expenses in the quarter ended September 30, 2013 compared to the quarter ended September 30, 2012. This increase was primarily the result of increased hiring of sales and research and development personnel, particularly in our Utah and Texas offices (as well as sales/service personnel in the New York and Pennsylvania region)during the past fiscal year, as well as reallocation of some expenses to the payroll expense account. As a percentage of total revenues, payroll increased from 7% to 10%. We anticipate that, as a percentage of total revenues, future payroll expense will remain at approximately 11%.
Depreciation Expense
Depreciation expense increased $1,129, or 2%, during the quarter ended September 30, 2013 compared to the quarter ended September 30, 2012. As a percentage of total revenues, depreciation decreased from 1.5% to 0.7%.
Total Other Income (Expense)
During the three months ended September 30, 2013 we realized total other income of $10,657 compared to total other income of $820 for the three months ended September 30, 2012. During the quarter ended September 30, 2013, we realized interest expense of $100, interest income of $7,565 and rental income of $3,192. By comparison, during the quarter ended September 30, 2012, we realized interest expense of $7,426 and interest income of $8,246.
Net Income Before Income Taxes
During the three months ended September 30, 2013 we realized net income before income taxes of $3,159,352 compared to net income before income taxes of $921,751 during the quarter ended September 30, 2012. As a percentage of total revenues, net income before income taxes represented 34% of total revenues, compared to 21% during the quarter ended September 30, 2012.
Income Tax Expense
We recognized income tax expense of $1,109,803 during the three months ended September 30, 2013 compared to $276,621 during the three months ended September 30, 2012. As a percentage of net income, before income taxes, income tax expense rose 6% due to a higher proportion of sales in the US market, which has a higher tax rate.
Foreign Currency Translation Gain (Loss)
Our consolidated financial statements are presented in U.S. dollars. Our functional currencies are the United States dollar and the Canadian dollar. Transactions initiated in other currencies are translated to U.S. dollars using year-end exchange rates for the balance sheet and weighted average exchange rates for the statements of operations. Equity transactions were translated using historical rates. Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Operations and Other Comprehensive Income (Loss).
Therefore, the translation adjustment in our consolidated financial statements represents the translation differences from translation of our financial statements. As a result, the translation adjustment is commonly, but not always, positive if the average exchange rates are lower than exchange rates on the date of the financial statements and negative if the average exchange rates are higher than exchange rates on the date of the financial statements.
During the quarter ended September 30, 2013 we recognized a foreign currency translation loss of $90,191. By comparison, during the quarter ended September 30, 2012 we recognized a foreign currency translation gain of $382,438. The loss was the result of the weakening of the U.S. dollar against the Canadian dollar and the gain was the result of the strengthening of the U.S. dollar against the Canadian dollar.
Total Comprehensive Income
For the foregoing reasons, we realized a total comprehensive income of $1,959,358 during the quarter ended September 30, 2013 compared to total comprehensive income of $1,027,568 during the quarter ended September 30, 2012.
Comparison of the six months ended September 30, 2013 and 2012
Total Revenues
Total revenues during the six months ended September 30, 2013 increased $8,467,170, or 105%, compared to the six months ended September 30, 2012. This increase was principally attributable to increased sales of goods, net.
Sales of Goods, Net
We realized an increase of $8,231,064, or 109%, in sales of goods, net during the six months ended September 30, 2013 compared to the six months ended September 30, 2012. This increase was primarily due to improved sales execution, the leveraging of now-effective sales people hired in previous quarters, and improved management of the sales team. There have been an increased number of sales through larger customers, which yielded higher revenues during the quarter. We expect that our revenues will continue to grow year-over-year at approximately historical rates, as our sales team continues to execute on our sales strategy.
Sales of Services, Net
During the six months ended September 30, 2013 we realized an increase of $236,106 or 46%, in sales of services, net. We are beginning to experience increasing service revenues as a result of our continued expansion in the U.S. We anticipate U.S. service revenues will continue to expand in upcoming quarters. As the sales team proactively looks for equipment sales, the opportunity to discuss services related sales is expected to increase.
Total Cost of Goods Sold
As a percentage of total revenues, total cost of goods sold decreased to 41% during the six months ended September 30, 2013, compared to 45% during the six months ended September 30, 2012. This decrease is due to a decrease in cost of goods sold-products as a percentage of revenues, due to a rise in the sales of high-margin products.
Cost of Goods Sold-Products
During the six months ended September 30, 2013 cost of goods sold-products increased $2,997,049 or 91%, compared to the six months ended September 30, 2012 as a result of increased sales. However, as a percentage of revenues from product sales, cost of goods sold-products decreased from 43.4% to 39.8%. This decrease is due to a rise in the proportion of sales of high-margin products, such as our patent-pending airplate. We anticipate that, as a percentage of revenues from product sales, future cost of goods sold-product will continue to approximate historical levels, or about 40%.
Cost of Goods Sold-Services
Cost of goods sold-services increased $116,415, or 30%, during the six months ended September 30, 2013 compared to the six months ended September 30, 2012. As a percentage of service revenues, cost of goods sold-service decreased from 75% to 67%. This decrease was attributable, in part, to logistical efficiencies, derived from serving a larger customer base throughout our service regions.
Gross Profit
Because the percentage increase in total revenue exceeded the percentage-increase in cost of goods sold, gross profit increased to 59% of total revenues during the six months ended September 30, 2013 compared to 55% during the six months ended September 30, 2012.
Total Operating Expenses
Our total operating expenses increased $1,523,362, or 56%, during the six months ended September 30, 2013 compared to the six months ended September 30, 2012. As a percentage of total revenues, total operating expenses decreased from 34% to 26%. This decrease was largely attributable to a reduction in general and administrative expenses and depreciation expenses as a percentage of total revenues.
General and Administrative Expenses
During the six months ended September 30, 2013 general and administrative expenses increased by $241,164, or 13%. This increase was mostly attributable to an increase in sales commissions, as well as an increase in stock-based compensation to employees. As a percentage of total revenues, general and administrative expenses decreased from 23% to 13%. This decrease was due to continued leveraging of fixed assets and increased operational leverage from prior investments.
Research and Development
During the six months ended September 30, 2013 research and developments expenses were $251,019 compared to $110,234 during the six months ended September 30, 2012. We have increased our focus on research and development in order to improve our current products, as well as research the possibility of additional products that could enhance our current product-offering.
Payroll Expenses
We experienced a $1,125,414, or 176% increase in payroll expenses in the six months ended September 30, 2013 compared to six months ended September 30, 2012. This increase was primarily the result of increased hiring of sales and research and development personnel, particularly in our Utah and Texas offices
(as well as sales/service personnel in the New York and Pennsylvania region)
during the past fiscal year, as well as reallocation of some expenses to the payroll expense account. As a percentage of total revenues, payroll increased from 8% to 11%. We anticipate that, as a percentage of total revenues, future payroll expense will remain at approximately 11%.
Depreciation Expense
Depreciation expense increased $15,999, or 14%, during the six months ended September 30, 2013 compared to the six months ended September 30, 2012. This increase in depreciation expense is primarily due to a number of fixed assets we purchased in the last fiscal year, which result in a higher ongoing depreciation expense. As a percentage of total revenues, however, depreciation decreased from 1.4% to 0.8%.
Total Other Income (Expense)
During the six months ended September 30, 2013 we realized total other income of $1,606 compared to total other expense of $363 for the six months ended September 30, 2012. During the six months ended September 30, 2013, we realized interest expense of $10,567, interest income of $8,366 and rental income of $3,807. By comparison, during the six months ended September 30, 2012, we realized interest expense of $8,678 and interest income of $8,315.
Net Income Before Income Taxes
During the six months ended September 30, 2013 we realized net income before income taxes of $5,507,747 compared to net income before income taxes of 1,675,434 during the six months ended September 30, 2012. As a percentage of total revenues, net income before income taxes represented 33% of total revenues, compared to 21% during the six months ended September 30, 2012.
Income Tax Expense
We recognized income tax expense of $1,844,214 during the six months ended September 30, 2013 compared to $464,569 during the six months ended September 30, 2012. As a percentage of net income, before income taxes, income tax expense rose 5% due to a higher proportion of sales in the US market, which has a higher tax rate.
Foreign Currency Translation Gain (Loss)
Our consolidated financial statements are presented in U.S. dollars. Our functional currencies are the United States dollar and the Canadian dollar. Transactions initiated in other currencies are translated to U.S. dollars using year-end exchange rates for the balance sheet and weighted average exchange rates for the statements of operations. Equity transactions were translated using historical rates. Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Operations and Other Comprehensive Income (Loss).
Therefore, the translation adjustment in our consolidated financial statements represents the translation differences from translation of our financial statements. As a result, the translation adjustment is commonly, but not always, positive if the average exchange rates are lower than exchange rates on the date of the financial statements and negative if the average exchange rates are higher than exchange rates on the date of the financial statements.
During the six months ended September 30, 2013 we recognized a foreign currency translation loss of $200,224. By comparison, during the six months ended September 30, 2012 we recognized a foreign currency translation gain of $219,618. The loss was the result of the weakening of the U.S. dollar against the Canadian dollar.
Total Comprehensive Income
For the foregoing reasons, we realized a total comprehensive income of $3,463,309 during the six months ended September 30, 2013 compared to total comprehensive income of $1,430,483 during the six months ended September 30, 2012.
Liquidity and Capital Resources
We have not required any financing during the past two fiscal years. However, as noted above in "Recent Developments", on November 12, 2013, we entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain institutional investors and other accredited investors. Pursuant to the terms of the Purchase Agreement, the Company entered into an agreement to sell to the purchasers an aggregate of approximately $4,700,000 worth of our common stock at a price per share of $2.18. The closing of the purchase is expected to occur on or before November 15, 2013, and is subject to customary closing conditions.
As of September 30, 2013 we had total current assets of $15,452,621 and total assets of $17,857,063 including cash and cash equivalents of $602,255. At September 30, 2013 total liabilities were $3,673,814, all of which were current liabilities.
http://finance.yahoo.com/news/profire-energy-reports-record-revenues-140000162.html
Profire Energy Reports Record Revenues & Net Income in Q2 FY2014
Company Reports Revenues of $9.3 Million With $2.0 Million Net Income (After-Tax), Representing 113% Increase in Revenues and 217% Increase in Net Income (After-Tax) From Previous Year's Same Quarter
GlobeNewswire Profire Energy
3 hours ago
LINDON, Utah, Nov. 14, 2013 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (PFIE), a technology company which manufactures, installs and services burner management systems and other combustion technologies for the oil and gas industry, today announced that it has filed its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2013 with the U.S. Securities and Exchange Commission.
The Company reported record quarterly revenue and net income (after-tax) for the quarter ended September 30, 2013 of $9,342,456 and $2,049,549, respectively. These figures represent a 113% increase in revenue and a 217% increase in net income (after-tax) compared to the same quarter of the prior fiscal year. Basic earnings per share increased to $0.05 for the quarter, compared to $0.01 for the same quarter of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 40%, compared to 49% for the same quarter of the prior fiscal year.
The Company reported record revenues and net income (after-tax) for the six-month period ended September 30, 2013 of $16,524,036 and $3,663,533, respectively. These figures represent a 105% increase in revenue and a 202% increase in net income (after-tax) compared to the same period of the prior fiscal year. Basic earnings per share increased to $.08 for the period, compared to $.03 for the same period of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 41%, compared to 45% for the same period of the prior fiscal year.
"Our focus as a company continues to be on execution of our growth objectives, and, ultimately, delivering value to our stakeholders," said Andrew Limpert, Chief Financial Officer of Profire. "The investments we have made in personnel, fixed assets, training, and other growth initiatives played a significant part in facilitating these record-setting financial results. As we begin selling to larger producers, we expect the concept of burner management can be more effectively shared with the industry."
"In light of the industry's recent- and anticipated-growth in production, we're seeing increasing activity in the Bakken, Marcellus, and Eagle Ford areas, with the Permian Basin beginning to show increased activity as well," said Harold Albert, Chief Operating Officer of Profire. "These areas are driving much of the industry's growth, and we have been positioned—both physically and financially—to begin taking advantage of this industry growth. We are looking forward to the coming months and years as we position Profire to lead the industry in oilfield burner management."
The Company reported a gross margin of approximately 60%, with a net margin (after-tax) of approximately 22% for the quarter. Profire remains debt-free.
"With the opportunities that we see in North America—an estimated 1.3 million wells with 40,000-50,000 new wells each year—we are focused on capitalizing on our current and future opportunities to make the industry safer, more efficient, and more compliant with regulatory bodies," said Brenton Hatch, Chief Executive Officer of Profire. "We are committed to change the industry in a positive way, and believe that our talented team, robust product line, and growing opportunities will allow us to pursue new levels of execution in the future. We look forward to working with our stakeholders—our employees, customers, shareholders, and others—as we seek to improve the industry's approach to burner management."
Ok thank u. best of luck
Reading more into the share offering....looks like NYSE or NASDAQ uplisting will happen in near future
Awesome report. This company will have yearly revenue close to 40-50 million IMO with no debt.
6 dollars? WE Shall see soon
Crazy good growth
Yeah I'm thinking Friday we see it filled.... 2.41 right?
Do you know what the industry standard P/E ratio for a company in this industry???? anyone?
reversal?
Not the news we were expecting.
Looks like somebody yesterday already knew this was coming.
Rough day. Hopefully some solid financials will turn this around.
:(
Looks like today there is some exiting before earnings.
I'm just watching FNMA for now. I feel cheated with the whole otc crash yesterday. It was setting up so nice to run.
I played NTE# before and made a bit of money. But lot of talk of EWS@ and NTE# still. I'm not in any as of right now but they are interesting.
Looking for Fannie to do something this next week.... either sky or drop. But i'm looking for a very low entry point or a clear direction upward before i move in.
Best of luck.
Earnings are due on the 10th right?????
which is a Sunday.... so should we expect them by Friday???
Nice find. I've been in and out of this FNMA for the last 2 weeks.
It does look to be forming a pennant and about to break out.
With the right news this could fly. Best of luck. :)
I'm in and ready for the big run coming hopefully
sold at 5. 27 today for about a 10% profit in 9 business days.
glad i rode out the scary dip
4.75 there was 2 doji candles... and the 50 DAY Moving average... i bought in then. I think the 3 day tankage after was possible just some random panic n maybe a few bigger players taking profits... look at the 6 month chart.
I play technicals. I will possibly sell tomorrow however this could run for a few days.
as for a short squeeze. i don't see why not LOL. but there wasn't a great deal of shorting the last 5 to 6 days. but maybe there were some longer shorters out there
shortanalytics.com
LOL. glad i only listen to the voices in my head... LOL :)
Liking the trading today :)
50 DAY MA holding :)
Also a nice doji today
bought more here today
I'm a technical trader. all info already priced in
Bought at 4.71 previously.... sold at 5.12
Bought back partial position today at 4.74 ... i'm already down money so u may be right .... we shall see.
i'm hoping to sell for 4.99 and make a 5% gain in 2 days or less :)
I'm long on NO stocks
Bought a position today at average of 4.75 ....might be adding tomorrow. 4.67 Moving average hopefully will hold :)
Those were my orders.!!! LOL , jk. big money in the show here. Looking very very good...... wait, very very very good. :)
I wanted to get back in fannie so I sold here. I think this could very well run for a few days.
I took profits at 5.12
Sorry I don't use this very much. But I think it may possibly run the next 2 days.
I may buy in again though. I'm a swing trader.
Was I right or was I right?
Pure speculation and I may have bought in too early but we shall see.
50 DAY MA support at 4.63
Fast stochastics about to cross if we close above 4.75
Volume down today.... it is Friday however
So far today the low of today is higher than the low of yesterday.
Like I said, I may have pulled the trigger a bit quick but time will tell.
Bought in today :) looking for a nice pop
I'm back baby. Lets ride this
Thank you. doing more research here today :)
What's the current share count??? watching this
markets got thrashed today. I liked the last 10 minutes of trading for VVUS though. Hopefully an announcement of a new President of VVUS will pump this when they do announce who it is.
Just tested the 9.50 support. I like the way this looks.
4th day in a row testing the 52 week low on a huge downtrend.
RSI= oversold
MACD about to cross
Slow stockastics= crossed yesterday= BUY
Monday - Thursday should be big next week. I'm hoping for a 15 to 20 % ride.