Stenzrob's specials

[noshadyldy]

Re: AUO revisited

which also includes a few really wacky hard-to-justify speculations.

which ones? I like wacky, hard-to-justify speculations.

Oh, and I also really like AUO too, I think it's just gotten less exposure from being foreign and the relatively crappy overall market. I had a limit order in at 20 and I was very very very lucky to get it at 19 the other day on the open. 50 sounds good to me too...

I'm for wacky too! And hard-to-justify??? Hey, right up my street on that one! Do tell, Mr. Stenz.

Margie

[stenzrob]

Wacky picks

Wacky and hard-to-justify:

BRHI: Never profitable, low revenues. Recently transitioned from development stage to commercial, and has great partnerships and already installing systems for both GM and Ford.

SDGL: Can' decide what business they're in. All the PR is about biometrics and secure shipping, but most of their revenue is from multimedia production. Reporting this morning.

[noshadyldy]

Re: Wacky picks

Wacky and hard-to-justify:

BRHI: Never profitable, low revenues. Recently transitioned from development stage to commercial, and has great partnerships and already installing systems for both GM and Ford.

SDGL: Can' decide what business they're in. All the PR is about biometrics and secure shipping, but most of their revenue is from multimedia production. Reporting this morning.

Y U C K ! ! ! ! those ARE wacky and hard-to-justify. hahahha (only teasing, haven't even looked at them yet.) Thanks Stenz.
Margie

[stenzrob]

Dumped QUIN for a loss. With 3M shares at $10.50 in the secondary offering, this could be stuck for a while. Bought some APTI at $12.41 to replace it. I've liked APTI for years, since I was doing some high power RF design, and the lead times for their stuff, which was the only suitable stuff, were long. Recently revised guidance up, forward PE is much lower than their projected growth rate.

Largest positions are now WITS, AUO, and APTI.

[stenzrob]

I was confused today by AUO, but I think I've got it figured out now. Some charts showed it up, some down for the day. There was a stock and cash dividend for which the cutoff was yesterday. Stock dividend was essentially a small split, 50 shares for each 1,000 already owned. Some charting sites didn't account for this properly. Plus, a cash dividend of NT$1,200 for each 1,000 Taiwan shares owned, but AUO is an ADR, each AUO share is 10 shares of the Taiwan stock. NT$1,200 = US$35.85 on each $2250 worth of stock, or about 1.6%.

PHMD had a nice bounce off the 50 day average thanks to a buying flurry in the last five minutes. Technically, I think this looks very nice now. But, what do I know about technicals? Not much.

[jesloc25]

Can i ask what is your cost bases for your top three holdings.

thanks.

[stenzrob]

Can i ask what is your cost bases for your top three holdings.

thanks.

AUO bought at $21.25, but with the recent stock dividend, cost basis is $20.24

WITS first bought at $11, additional in low 13's, total cost basis $12.16

APTI at $12.41

[ChrisZXWJ]

I was confused today by AUO, but I think I've got it figured out now. Some charts showed it up, some down for the day. There was a stock and cash dividend for which the cutoff was yesterday. Stock dividend was essentially a small split, 50 shares for each 1,000 already owned. Some charting sites didn't account for this properly. Plus, a cash dividend of NT$1,200 for each 1,000 Taiwan shares owned, but AUO is an ADR, each AUO share is 10 shares of the Taiwan stock. NT$1,200 = US$35.85 on each $2250 worth of stock, or about 1.6%.

PHMD had a nice bounce off the 50 day average thanks to a buying flurry in the last five minutes. Technically, I think this looks very nice now. But, what do I know about technicals? Not much.

so that still leaves me confused. I was actually looking to double up on my AUO on a pullback...this really isn't a pullback, right? Any idea when shares/cash will post to our accounts?

[stenzrob]

so that still leaves me confused. I was actually looking to double up on my AUO on a pullback...this really isn't a pullback, right? Any idea when shares/cash will post to our accounts?

No idea when shares/cash will be posted to our accounts. As far as a pullback, I found that intraday charts at cbs marketwatch are not accurate, but the daily charts are. Also, the charts at stockcharts were properly adjusted.
http://stockcharts.com/def/servlet/SC.web?c=auo,uu[h,a]daolyiay[dc][pc50!d20,2!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G

[IamOrion]

AUO

I sold my auo today, the chart started to turn bearish to me. I locked in the small profits I had and will wait for re entry. I still really like the company, but I we may be able to get it back under 19.00. JMO. Good luck

Orion

[ChrisZXWJ]

Re: AUO

I sold my auo today, the chart started to turn bearish to me. I locked in the small profits I had and will wait for re entry. I still really like the company, but I we may be able to get it back under 19.00. JMO. Good luck

Orion

now I'm really confused, how could today's action be considered negative if it was just an adjustment for the stock dividend? Wanna explain Stenz?

[stenzrob]

Re: AUO

I sold my auo today, the chart started to turn bearish to me. I locked in the small profits I had and will wait for re entry. I still really like the company, but I we may be able to get it back under 19.00. JMO. Good luck

Orion

now I'm really confused, how could today's action be considered negative if it was just an adjustment for the stock dividend? Wanna explain Stenz?

The action today is not an adjustment.

The stock dividend should be viewed like a stock split. In the case of a 2:1 stock split, for example, the stock closes one day at say $20, and opens the next day at $10, but you've got twice as many of them. All charts are adjusted to show split-adjusted prices, showing it closed at $10 and opened at $10. In the case of AUO, the adjustment is 5%, it's basically a 105:100 split. You can kind of see how this works (if they haven't fixed it yet) by looking at a 10 day intraday chart at cbs marketwatch, then at a one month daily chart.

Looking at the intraday chart, AUO reached almost $24 on Wednesday the 26th. Since the ex-dividend date is the 27th, the 1/1.05 adjustment should be made on the 27th to all historical prices before the 27th. So, the peak price on the 26th would be just under $24/1.05 or about $22.85. If you look at a 1 month daily chart at the same site, or at stckcharts, that's exactly what you'll see. So, the adjustment is already shown in most charts.

On the 27th, the price closed lower than it opened, and it dropped again today. This could be considered "turning bearish", I suppose. The way I figure it is this: Since I bought AUO at $21.25, my position is up 5% if the price returns to $21.25 since I now have 5% more shares than I did before the stock dividend. Plus, there was a cash dividend of about 1.6%. The trick is, neither the cash nor the shares have shown up in my brokerage account yet. Let's say I have 200 shares, and 10 more to be awarded due to the stock dividend. I should be able to sell the 200 shares right now for a small profit, and sometime soon, the cash dividend should be posted to my account, and also 10 new shares.

Personally, I don't see the logic in a 5% stock dividend. It messes up everyones bookkeeping and causes confusion. The number of shares outstanding increases, so all estimated EPS have to be recalculated. I understand the rationale for splits, but this is just an annoyance, IMHO.

Hope that helps ... stenz

[jesloc25]

Thanks for your cost basis and all the info you share!!!!

[IamOrion]

WITS

Stenz,
Nice little boost in WITS today, I have been watching it on and off. Do you think this could be the next leg up and maybe a new high coming? The chart looks real good. Too bad I missed this one. Any price target in mind?

[stenzrob]

Re: WITS

Stenz,
Nice little boost in WITS today, I have been watching it on and off. Do you think this could be the next leg up and maybe a new high coming? The chart looks real good. Too bad I missed this one. Any price target in mind?

My target is around $30, but I will watch for any fundamental or technical developments.