A few notes from the trading turret:
some of you want to know if I trade any of the stocks coming up on the Century Club scan based on MarketClub’s smart scanner. Sure I do. Last week, for example, I bought Ada-Es (ADES) and Vical (VICL). Both bucked the dismal market and barely stayed green.
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After more than a year, I am back in Highway Holdings (HIHO), a Chinese manufacturer of parts, components and sub-assemblies. First, a word of caution: this is a very thinly traded stock. When I placed my order last week, the bid was at $1.26 and the ask at $1.39 — roughly a 10% spread. It [...]
Worth reading:
SOYO Updates Financial Guidance for Fiscal Year 2008 – I know the consumer is supposed to be dead, but low-end consumer electronics manufacturer SOYO reported a strong quarter, and projected $.11-$.12 in earnings for 2008, giving it a forward P/E of less than 7.
Tronox Announces Global TiO2 Price Increases – Tronox (NYSE: TRX) was [...]
A few interesting microcap charts:
Mouse over image for controls.
DISCLOSURE: I am long ETLT.OB, PTG, HIHO, UXG, GSS, WGDF.OB, GLDS.OB, and LTFD.OB. I have no position in AVCA, CXTI.OB,or PTSC.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.
