None for me. This is one boring sideways market.
Yeah, isn't it. A trend one way or the other would be heaven. I had another idea last night as I was perusing the UltraValue list on my site. It was WLDA. It's chart showed it sitting at 3.00 looking like a short base was developing with a couple of big volume days a week or so ago. By the time I got to my computer this morning it had shot up to 3.75. Keep looking I guess, although it does still look good at 3.75 and with earnings of .34, .35, .11 and .58 the last 4 quarters.
WLDA went public in October of 1995 and is.......... "World Airways, Inc. provides long-range passenger and cargo charter and wet lease air transportation, serving the United States Government, international passenger and cargo air carriers, tour operators, international freight forwarders and cruise ship companies." Well looking at a ten year chart, it traded between 5 an 12 its first two years of life and then fell through its 200 dma coming to rest down around a $1 where it spent four good years. It has been rising since the middle of last year. Presumably because of earnings as one of it's recent headlines says "World Airways Announces Fifth Consecutive Profitable Quarter".
Here's one cause for concern: "The United States Air Force accounted for 74.7% of total revenues in 2003" The loss of one big customer could kill them.
Ah, but WLDA is one of several doing well from my UltraValue stock pick list. Up 26% today. Looks like it's busting out of the $3 to $4 trading range. Markets are down and WLDA is up $0.96 to $4.53. Also SNIC may be going down to touch the 200 dma. Will have to wait for some signs of a bounce though.
WLDA isn't strong enough to fight the current market trend (down). The parabolic move up to 6 might have been a short term top. It is sitting on its 200 day simple moving average though. The other stock I've been watching, SNIC, is going the same way. It fully penetrated it's 200 day simple moving average today. It now has support at 17.50, 17 and 16.50. It made it's last big move up when ^VXO got in the vicinity of 21. It looks like SNIC will report earnings after the close on July 28th so it has time to make the run higher into earnings. I'm looking for a move up on higher volume to signal the right time to buy. The way earnings are going I would definitely sell before the announcement. Continued weakness would probably indicate a poor earnings report is expected.
Check out ENEI.OB its an awesome short term stock, which u could buy at around .5 and sell around .65 - .7 every week and make loads of money. I'm gonna start to play this stock.
yeh i noticed the pattern too but i don't think its going to last that long maybe couple of weeks. too many pump and dumpers for that stock chahine
"Only Crazy People Buy Stocks for a Nickle" -- Happy Harry
I agree completely. I would never pay a nickle for a stock. I always try to keep it a good bit below that ;)
Still no engulfing bounce for SNIC on higher volume. The Company announced yesterday they will report earnings Monday, August 2nd after the close.