Portfolio of the week - 2007

[New-born baby]

Hi Peanuts,

Reasons you like SYNL? I have been watching this one for the month it has been going down. Not in it, just watching.

Thanks,
brad

I can't speak for Peanuts . . . he knows the FA game very well, but chart wise, this is in the "Burnt Toast" category. PnF target of just $6, and a miserable chart. Short is the game this week, I think, for SYNL. But of course, prices don't just go straight down, so there is a support coming at the $24.36 marker, and another at $18+/- a few cents. But Spike's 8 has 8 better longs than this one, for sure. Forget it for now.

[let-it-ride]

The triple top breakout looks nice . . . as long as it holds above $16, I'm a bull on it. Friday's $16.10 touch was the smart entry here, I think. Has about an $18.50 target.

I like the triple top breakout also. Hopped in on Wednesday hoping for some follow thru. So far so good and hope it holds $16. If we bounce on $16 I will probably add if the overall markets aren't melting down this coming week.

[New-born baby]

I like the triple top breakout also. Hopped in on Wednesday hoping for some follow thru. So far so good and hope it holds $16. If we bounce on $16 I will probably add if the overall markets aren't melting down this coming week.

I wish you well with it.

[let-it-ride]

I can't speak for Peanuts . . . he knows the FA game very well, but chart wise, this is in the "Burnt Toast" category. PnF target of just $6, and a miserable chart. Short is the game this week, I think, for SYNL. But of course, prices don't just go straight down, so there is a support coming at the $24.36 marker, and another at $18+/- a few cents. But Spike's 8 has 8 better longs than this one, for sure. Forget it for now.

SYNL is getting hammered and I wouldn't touch this one even if we see a reversal short-term. I'll just watch this one for now since the fundamentals aren't good enough for me to hop in. Maybe long-term it will look cheap to me and I will buy on a reversal then but not now.

[let-it-ride]

I can't speak for Peanuts . . . he knows the FA game very well, but chart wise, this is in the "Burnt Toast" category. PnF target of just $6, and a miserable chart. Short is the game this week, I think, for SYNL. But of course, prices don't just go straight down, so there is a support coming at the $24.36 marker, and another at $18+/- a few cents. But Spike's 8 has 8 better longs than this one, for sure. Forget it for now.

New-born,
Can you tell me the thread name where I can find Spike's 8?
Thanks,
brad

[Karel]

10% gain for the entire year? That's pretty good . . . where are those stats posted?

Peanuts is keeping the score. If you go to the first post in this thread, you'll find a link to the yearly standings. Last time I looked (just now) this weeks results were not yet entered. Power to Peanuts!

Regards,

Karel

[Rob]

New-born, Can you tell me the thread name where I can find Spike's 8?

I'm not New-born, but I can tell you the answer: it's not a thread, it's Spike's blog.

[riverbabe]

TRA long.

This week will be the 4th time it's been an S8 pick. It's +50% from May 29 list, +7% from July 2 list, and was eliminated -4% from April 23 list. G'luck all.

This was my pick this week too, and I own it. Well, you got here first, so good luck to you! River

[riverbabe]

TASR long, pls. Mr. Rob.

[spikefader]

New-born,
Can you tell me the thread name where I can find Spike's 8?
Thanks,
brad

There's a dedicated forum page at Scuttlebutt for the S8 weekly lists (each new list gets a fresh thread) and you can find it at http://technicaltrades.net/Scuttlebu...forum.php?f=11

[billyjoe]

Rob,
I'll take TUNE long. Thanks

-----------billyjoe

[Gary611]

Potw

Rob, INFN long please.
-Gary

[peanuts]

Dear Mr. Rob, sir

holy moly! Spike... that was HUUUUUUUGE, cap'n dude. RL and NBB, sweet success with your picks too. Congrats to the greenies

Rob, I'll go with SYNL long, again. Thank you very much and keep up the great work!

[IIC]

I will pick MIPS long...IIC

[peanuts]

Synalloy, SYNL

Hi Peanuts,

Reasons you like SYNL? I have been watching this one for the month it has been going down. Not in it, just watching.

Thanks,
brad

I can't speak for Peanuts . . . he knows the FA game very well, but chart wise, this is in the "Burnt Toast" category. PnF target of just $6, and a miserable chart. Short is the game this week, I think, for SYNL. But of course, prices don't just go straight down, so there is a support coming at the $24.36 marker, and another at $18+/- a few cents. But Spike's 8 has 8 better longs than this one, for sure. Forget it for now.

OK, Guys, I know that chart is licking gum off the bottom of my shoes, but the fundamentals still point to power in the stock. I'm more excited about the prospects of the new regulations on mattresses which have just gone into effect. There are new standards for mattresses- using a special fire-retardant material. Synalloy is a major producer of the material. They just reported earnings which were +100% greater than last year's quarter, and I expect this to continue to happen with the future expansion of their customer base that they announced in the recent report. That's the "new" stuff...

The recent successes in this company have been driven by money from the oil industry. The upgrade and repair of refineries is a boon to SYNL. The metals segment of the business has really driven the earnings recently and should continue as LNG becomes a larger energy source. They have also substantially benefitted from the paper and printing industry, which, no matter what Google tells you, is not dead or dieing, yet.

The fundamentals keep adding up, and I think the stock is selling at a discount to earnings currently. You are getting a $181 million company for a discount now at $166 million.... oh, did I mention that last year they did $160 million in sales, and that number should easily double this year, and MORE? current PM is 6.51%, and could also improve.... This company is on track to bigger things.

Peanuts is keeping the score. If you go to the first post in this thread, you'll find a link to the yearly standings. Last time I looked (just now) this weeks results were not yet entered. Power to Peanuts!

Regards,

Karel

Sorry... been gone all weekend. I didn't get to do too much research or update my databases. I'll get the yearly chart and POTW standings up soon. And for anyone interested, all you have to do is click the link in my signature, "Yearly Standings"