Last week I posted this chart and boy did it go down hard. It is now at a key support level (not resistance). This is a great place to pick up shares with a pretty snug stop loss. I stated last week that this stock may see $35 before it goes back up and the moment of truth awaits us.
Maybe?! I’m talking about ticker NVR. Per Yahoo, NVR, Inc. operates as a homebuilder in the United States. The company engages in the construction and sale of single-family detached homes, town homes, and condominium buildings under Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes trade names. It sells its Ryan Homes, Fox Ridge Homes, and Rymarc Homes products primarily to first-time homeowners and first-time move-up buyers located in Maryland, Virginia, West Virginia, Pennsylvania, New York, North Carolina, South Carolina, Ohio, New Jersey, Delaware, Michigan, Kentucky, and Tennessee. The company markets its NVHomes product primarily to move-up and upscale buyers in the Washington, D.C., Maryland, Pennsylvania, and the Maryland Eastern Shore metropolitan areas. It also offers mortgage related services to its homebuilding customers, including broker title insurance; and performs title searches in connection with mortgage loan closings. The company, formerly known as NVHomes, Inc., was founded in 1979. NVR, Inc. is headquartered in Reston, Virginia. The stock looks like its bottomed. Its down from around $850 a share to around $400. It closed today at $561. It’s an expensive stock but its worth watching here. A pullback to around $530-$535 may present decent risk/reward picture.
I know that I have posted this stock a few times. But I think this is a great play at the price. The stock is massively shorted right now at 25% of its float. If there next earnings are as stellar as there previous one then this stock is going to fly.(hopefully) I see $35 as a bottom that may get retested again before $50 is taken out. Well with Blu-Ray becoming the next great thing, I want to buy more with a sale like this.
While scanning for some “new” stocks, I came across SOL. That’s ReneSola Ltd, which trades on the NYSE. This is a recent IPO, which priced itself on January 29 at $13 per ADS share. The float for it is just 10 million shares.
Some background on SOL:
ReneSola, Ltd., through its subsidiaries, engages in the manufacture and sale of solar wafers and related products in the People’s Republic of China. It offers feedstock, ingots, and wafers for the solar industry. The company sells solar wafers to Chinese and international PV cell manufacturers. The Jiashan, Zhejiang company supplies thin sheets of crystalline silicon to customers including JA Solar (JASO), Motech, Solarfun (SOLF), and Suntech Power (STP). SOL primarily offers 125 mm by 125 mm monocrystalline wafers and in Q2 2007 began offering 156 mm by 156 mm monocrystalline wafers. As part of its expansion plan, SOL began producing multicrystalline wafers in Q3 2007. Solar power products that use monocrystalline cells generally yield higher conversion efficiencies. On the other hand, multicrystalline wafers are less expensive to produce and have less stringent raw material requirements. By producing multicrystalline wafers, SOL expects to realize cost synergies by utilizing some of the silicon materials reclaimable from its monocrystalline wafer production. SOL operates one of the largest solar wafer manufacturing plants in China. The co has annual ingot manufacturing capacity of 378 MW. The co plans to increase that to 645 MW by the end of 2008. The co differneitates itself by using proprietary technology to manufacture solar wafers primarily from reclaimables such as broken wafers and broken cells that are difficult to process but less expensive. SOL believes this is a major cost advantage over many of its competitors who rely on virgin polysilicon sourced from the spot market. SOL says its solar wafers are comparable in quality and performance to those made from virgin polysilicon. SOL has grown quickly since it began making solar wafers in 2005. The co is profitable and posted revs of US$152.9 mln for the 9 mos ended Sep 30, up 194% yr/yr.
SOL is the CHEAPEST solar play out there based on PE ratio. Current earnings run rate of about $1 per share (based on Q4 2007 projections of $.23 - $.27) and should earn $2 per share in 2008. If SOL had same forward PE as JASO it would be valued near $60!
Cash and inventories at about $4 per share (ADS).
SOL fair value = $4 + 30 PE X $1 current earnings run rate = $34
I think that when SOL gets noticed by the bigger players, it has a good chance to run into the $18-20 area. This company went public when the markets were not in a good mood with the solar stocks. But in recent days with the great earnings of FSLR and SPWR, these stocks are again starting to flourish
In Wednesday’s market, SOL gained over 15% on its second heaviest volume day since going public. Although the chart is “very young”, this is what we see.
Take a look at charts of JASO, AKNS, SOLF, STP, YGE and ASTI. Notice how they “suddenly exploded” upwards? I have a feeling that SOL will be doing this sometime very soon. With a float of only 10 million shares, this stock can move very fast.
Please do your own due diligence before buying any shares of SOL. I initiated my own position on Wed. Will be adding on, as it keeps climbing.
I wanted to post this chart a few weeks back when the VIX spiked to 37.50. I was going to state that the bottom was probably hit for the overall market. Well I would have been right so far. The panic and fear finally kicked in that day. Too bad the site was not working because catching that bottom could have provided huge profits.
Wow, every stock that I held has crashed including the Bull Trader site for a while. Well I am still in DRYS and in the next 6months I foresee a run up in price followed by the long awaited split. I am very bullish along with solar. The DRYS stock chart looks bullish all over and congrats to all who got in at a steal with a price at $50 a share.
Titan Machinery owns and operates full service agricultural and construction equipment stores in North America. The Company also sells and rents agricultural and construction equipment, sell parts, and service the equipment in the areas surrounding their stores. AGRICULTURAL-related industry is extremely hot right now. Look at POT, CF, MOS charts as an example.
TITN is a recent IPO, and it has a float of only 6 million shares. There is a very tiny short-interest base, which tells us that this stock has a lot of investors that are not doubting the company. There have been NO insider sales at all, since the lock-up period of 180-days doesn’t expire until June 2008.
I have initiated a small position earlier today and will look for a re-test of the $18.50 level soon. TITN very well reach the low $20’s in the not-too-distant future.
Please do your own due diligence before buying any shares of TITN.
Texas Hold’em is inarguably the modern king of the casino. The game’s popularity has skyrocketed in recent years due to the increase in the number of tournaments, an explosion in the size of the events, and ubiquitous television of coverage of these contests. Many newcomers have taken up the game in the hopes of striking it rich and a lucky few have actually succeeded. Discovering the secrets of these poker savants will not only help you at the table, but could also lead you to an equally rewarding career as a forex trader.
Playing the stock market is a common pastime for professional poker players, but the forex market is where their Hold’em skills can really help you dominate the table. The forex market is the quick, agile, and often skittish cousin of the stock exchange, and it takes a certain mind-set and unique array of capabilities to master it. Take these six qualities from the casino to the forex markets and you’ll beat the house every time.
Maintain a long-term focus: Sorry to burst your bubble, but playing to get rich quick is not the way to succeed as a professional Texas Hold’em player. And unfortunately for those of you looking to retire tomorrow, the same goes for forex trading. Even small victories, if they are frequent and consistent, can help you pile up chips as well as pips. Focus on your long-term goals and you will be able to make a rewarding career out of either profession.
Develop an ability to cope with loss: Even the best poker players lose as often as they win, and professionals must learn to endure losing streaks that can last for months. In addition, one miscalculated bet or misread of an opponent can take a huge hit out of your stack. Forex traders, no matter how well-reasoned their decision-making process, can also endure significant damage to their finances when a currency pair bucks the trends and makes up its own mind to defy your predictions. Both card sharks and currency traders need to have confidence that their logic is sound and will eventually reap rewards, even as they fight their way back from a staggering blow.
Become a human rulebook: A Hold’em player must be able to recite the general rules of the game by heart and be well-versed in the specific regulations of any given tournament if they have any hopes of coming out on top. Likewise, a Forex trader must learn all of the regulations and techniques available to a currency trader, such as short selling or going long on a currency pair, in order to be successful.
Model yourself as the decider: An adept Hold’em player can think on his feet, applying knowledge quickly and making swww.thebulltrader.comfashion. Forex trading requires identical skills as bid/ask prices can change in the blink of an eye. Hesitate for just a moment, and you might soon be waving goodbye to a healthy profit.
Turn into a cocky bastard: Extreme confidence is required to go all-in with a couple of rags in the hole, but sometimes you must do so to steal a pot and turn the tide of a game your way. Texas Hold’em is not a game for the faint of heart, and neither is forex trading. Playing the currency markets requires guts and a firm belief in yourself. If you don’t have what it takes to risk riding your chosen currency pair to the brink of disaster, then you’ll be out of the game long before the big payouts arrive.
Heather Johnson is a freelance finance and economics writer, as well as a regular contributor for CurrencyTrading.net, a site for currency trading and forex trading information. Heather welcomes comments and freelancing job inquiries at her email address heatherjohnson2323@gmail.com .
Can I interest anyone in a investment that pays about a 13% dividend, is half as volatile as the average US stock, and is making new 52-week highs and looks to go higher? Sounds pretty good, huh? Well, the investment I’m talking about is symbol PBT. Per Yahoo: Permian Basin Royalty Trust holds overriding royalty rights in mineral properties in the United States. It holds a 75% net overriding royalty interest in Waddell Ranch Properties located in Crane County, Texas; and a 95% net overriding royalty interest in Texas Royalty Properties in Texas. The company was founded in 1980 and is based in Dallas, Texas. Permian Basin Royalty Trust operates as a subsidiary of Burlington Resources Oil & Gas Company LP. I like this stock as a recession play. Here is the chart:
One of the few stocks that look good to me is an ETF called UNG (United States Natural Gas). This is basically an exchanged traded fund for Natural Gas. I like the Natural Gas play. According to some experts, the natural gas play will come to fruition later in the year. Well, to me, it looks like the move may already be happening now. The 1 yr UNG looks like the stock has bottomed an wants to move higher. Notice the bullish divergence between the stock price and the MACD. Also, the trend is looks bullish. I think UNG is an ETF to keep an eye on for awhile.
DROOY made a solid 17% rally today on increased volume breaking out from an ascending wedge pattern placing this stock on the map for technical analysis breakout buyers. With a forward earnings estimates of .51 and the Gold industry trading at an average earnings multiple of 42.28x earnings, this sets DROOY with an attractive fair value share price among its peers around double from its current pps 11.35 at (42.28 x .51 = 21.56). Although with Gold contracts looking extremely over extended its a tough decision to buy as gold is gonna hit a top sooner or later and endure a correction, which will have an impact on gold stocks, likely similar to the solar correction we are currently witnessing. No plan for buying at the moment but this stock looks bullish and fundamentals are in our favor. Lets feel this one out a little bit longer.
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