I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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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"
Everything is up-to-date, now. Spikefader has been demonstrating an incredible performance. He is on his way to tripling his account by use of compounding the gains. Way to go, Captain of the good ship Scuttlebutt!
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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.
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"
Hi Peanuts,
Thanks for the writeup. Have to admit this is a pretty amazing downtrend. I noticed the 100% increase in earnings so dug into this one fundamental wise. Doesn't look bad but will wait for the downtrend to cease and clearly turn up.
Since the downtrend seems to have a lot of legs will wait until this one gets cheaper since no one seems to want to own it right now. Good luck.
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