Comments on: Rochester Medical (ROCM)

By: Chris

Chris — Mon, 30 Jul 2007 23:04:57 +0000

Dankkir,
Your entry was the best scenario and would have profited if we waited to take our positions. Earnings are tomorrow and the stock is up 16% from a $14.14 buy.

Nice Job! Let’s see if it hits my target without me holding a position!!!

By: Dave

Dave — Thu, 19 Jul 2007 18:27:57 +0000

I respect the discipline. There are a lot of emotional longs in this stock. It will be an interesting one to watch for the rest of the month.

By: Chris

Chris — Thu, 19 Jul 2007 18:15:13 +0000

Dave,
No need to assume: I’m out! Follow rules or get hurt in this game! I was out the minute my cell phone started buzzing with my sell alert.

By: Dave

Dave — Thu, 19 Jul 2007 16:50:25 +0000

So I assume you’re out on your ROCM trade? Stopped at 14.25?

By: Diploma

Diploma — Thu, 19 Jul 2007 10:57:39 +0000

Piranha

Thanks for sharing your thoughts with us.

I had a good feeling about ROCM and was working in this industry 3y ago – and therefore went in with good luck (tripled the investment with the current rate) however it would have been even more fun to sell back in may at peek.

I still wonder what happened? why this hype followed by a steep downfall – is it strictly due to the uncertainty regarding the Tyco case?

ROCM has a very interesting business potential and opportuniteis to grow further – especially with their own branded products in the UK. With the extreme low USD rate and very strong product portfolio ROCM has a very nice platform for further growth and a competitive edge.

However I suppose that in the short term – we all wait for the Tyco case to settle?

Even though I am a little concerned regarding a general market correction – I will stay in and probably also increase my stock – I believe that there is more to earn than to loose….

PS: ROCM is also an interesting acquisition candidate.

By: Taylor

Taylor — Mon, 16 Jul 2007 18:24:27 +0000

Looks like it’s about to fall off a cliff to me.

By: dankkir

dankkir — Sun, 15 Jul 2007 20:41:53 +0000

nobody here mentions the gap at 14.19 which needs to get closed before any long term upside…its just another 5% away

By: piranha

piranha — Thu, 12 Jul 2007 01:07:39 +0000

Hey Guys – excellent analysis and comments. I become interested due to the reason Conrad states: volume dry up near $15 with very little selling pressure on large volume. I could be wrong with my outlook but I will sell. It’s just another trade!

By: Conrad Montilla

Conrad Montilla — Thu, 12 Jul 2007 00:46:24 +0000

Tomas,
Look at where the price tops in your prediction. I think you and Piranha mirror each other in opinion.
Piranha stated 50% appreciation whereas your prediction states ROCM will top around $27-@28 range (low 20′s plus 5) from current price of $15 base. By what has been written, you’re even more bullish on this stock than Piranha.
With your target sell price, what you’re really saying is that it’s a buy, buy, buy opportunity.
As for the economy, I’ve set up my stop loss tighter for all my holdings hoping some protection from market volatility.
I have the same inclination about this stock as you do and also hope for volatility since I am looking to ride the upcomming wave as much as I can.
Good luck to all. Happy hunting.
P.S.
I’ve been tracking this stock everyday since correction (5/01/07) and have been looking at the volume uptick/downtick specifically via Scottrader. There has been severe volume dry-up once the stock hit the $15 base. During the day – very dry. Every other night, after market purchases matches the volume during regular trading hours. Institutional buyers are definitely returning and quietly buying this stock cheap.
IBD and other charts don’t show the real “dry” volume because it re-calculates the aftermarket purchases into one day column. Funny thing is, when the stock does have a sell day, it’s usually low quantity lots. Probably from all the small time investors unlike me who prematurely gave up on the stock or got shaken out.
Hope this helps.

By: Tate

Tate — Wed, 11 Jul 2007 18:21:14 +0000

hey Chris, I always place a bit of importance on symmetry.. that is the the severity of the left side has to be compensated for in the base. Looking at that drop makes me think that this one may have a good shot at testing the area around 10 before it’s all said and done… althought does look tempting off the 200 day here at least for a shorter term trade.