IPO

Marley and Me

December 27, 2008 By Chris 9 Comments

My wife and I went to see the movie, Marley and Me, last night and loved it. What a tear jerker. One scene got me good because it reminded me of my childhood lab, Sunshine, and my current lab, Bob. We highly recommend dog lovers, animal lovers and everyone else that is looking for a feel good movie to check it out.

We read the book a few years ago after it was released and I remember my wife couldn’t finish the last chapter, she avoided it for months and for good reason (the movie does a great job with this aspect of the book). Excellent book – good movie. Below is a picture galley of my Marley: Bob.

Marley and Me Movie
John Grogan Blog

Pictures of my wonderful lab, Bob:

122708_bob_15

122708_bob_02

122708_bob_03

122708_bob_04

122708_bob_05

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Filed Under: IPO, Misc.

Titan (TITN) Relative Strength

September 19, 2008 By Chris Leave a Comment

Stock of the Day – Update
Titan Machinery Inc. (TITN)
Friday’s Closing Price: TITN – $22.40

Titan Machinery Inc., which runs construction and agriculture equipment store,s raised its full-year guidance for revenue and earnings per share earlier this week. Its fiscal second-quarter profit more than doubled as all three of the company’s businesses posted revenue growth. Net income for the three months ended July 31 jumped to $3.3 million from $1.4 million a year earlier and revenue surged to $134.9 million from $85.8 million.

The stock has been holding up rather well despite the weakness in the current market (Thursday aside). Its relative strength rating is within the top 1-2% of all stocks trading and the EPS rating is in the top 1% of all stocks trading. Overall, TITN is a stock that I wouldn’t mind adding shares here at the long term moving average. Disclosure: I do own shares at this time.

Past (TITN) Titan Machinery Inc. Blog Posts

6/24/08: Money Makers: IPI and TITN

I have been away for the past few days but IPI and TITN continue to make new highs. The two stocks are up 49% and 69% respectively.
6/2/08: Top Rated Stocks

“TITN – 24.30, Titan Machinery Inc. is still making new all-time highs but did run into some selling pressure near the $26 level. The trend is higher and I am holding until told otherwise by the charts.”
5/19/08: Portfolio Stocks on the Move
4/25/08: Portfolio Snapshot: Growth
4/29/08: Young Stocks Moving on Volume
4/21/08: Titan Machinery (TITN)

Potential Trade Set-up:
Entry: $21.00
Risk is set at 1.0% of total portfolio or $1,000 of $100k
Stop Loss is 10% or $18.90
Number of Shares: 476
Position Size is $10,000
Risk is $2.10
Target is unknown (too little information)
2/25/08: Stocks Catching my Eye – TITN: $19.70

“MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.”

Filed Under: IPO, Stocks

Money Makers: IPI and TITN

June 24, 2008 By Chris 2 Comments

I have been away for the past few days but IPI and TITN continue to make new highs. The two stocks are up 49% and 69% respectively. I do need to catch up on responding to comments since last Thursday. Follow the trend – simple concept.

(IPI) Intrepid Potash, Inc.

4/24/08: Intrepid Potash, Inc (IPI), $49.09

“I missed the HUGE up-trend in POT but IPI may give this industry one last run before the trend is over. Markets are not efficient so the greed of crowds may take this IPO higher due to the recent performance of POT.”

“I will not hesitate to jump on a trend if IPI starts to run higher because crowds are persistent and I don’t like to fight them.”
6/9/08: Watchlist and Stock Portfolio Update
6/2/08: Top Rated Stocks
4/25/08: Portfolio Snapshot: Growth

(TITN) Titan Machinery Inc.

6/2/08: Top Rated Stocks

“TITN – 24.30, Titan Machinery Inc. is still making new all-time highs but did run into some selling pressure near the $26 level. The trend is higher and I am holding until told otherwise by the charts.”
5/19/08: Portfolio Stocks on the Move
4/25/08: Portfolio Snapshot: Growth
4/29/08: Young Stocks Moving on Volume
4/21/08: Titan Machinery (TITN)
2/25/08: Stocks Catching my Eye – TITN: $19.70

“MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.”

Filed Under: IPO, Stocks

China Architectural Engineering (CAEI)

June 11, 2008 By Chris 2 Comments

Stock of the Day
China Architectural Engineering, Inc.
Wednesday’s Closing Price: CAEI – $10.75

Sector: Industrial Goods
Industry: General Contractor
52-week Price: $4.75 – $27.25

June 6, 2008 Business Wire:

“China Architectural Engineering, Inc. (CAE) (AMEX:RCH), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that the Company will ring the opening bell at the NASDAQ MarketSite in New York City’s Times Square on Thursday, June 12, 2008 at 9:30 a.m. EDT. The Company will commence trading on the NASDAQ Global Select Market under the ticker symbol “CAEI” on June 10, 2008.”

Although the company has “China” in its name, 45% of its revenue comes from Australia, Dubai, Qatar, the U.S. and Europe. Business week noted that growth should last well beyond the Olympic games this year because of robust orders in foreign markets.

The company’s order backlog is said to be at $100 million or 1/5th of its current market cap, a nice card to have up its sleeve in today’s world market.

The gap-up on the chart in May on huge volume concerns me when attempting to establish a solid risk/ reward trade strategy. I would like to see the gap fill prior to entering a position but I do see support along the 50-d m.a. or even $8 per share. I am going to set-up the “ideal trade” using the current moving average so we can cover a potential pull-back to the gap-up area noted on the charts.

Potential Trade Set-up:
Entry: $7.00
Risk is set at 1.0% of total portfolio or $1,000 of $100k
Stop Loss is 12% or $6.16 ($6.00 area)
Number of Shares: 1,190
Position Size is $8,334
Risk is $0.84
Target is $13 for a 7-to-1 risk/reward ratio

Key Fundamental Numbers:
Market Cap.: $547M
Outstanding Shares: 51.1M
EPS Growth (MRQ): 178%
EPS Growth (TTM): 135%
Revenue Growth (MRQ): 76%
Revenue Growth (TTM): 50%

Earnings per Share (EPS):
$0.50 Next year, +39%; High estimate $0.64, +77%
$0.36 current year, +71%
$0.21 last year, +50%
$0.14 previous year

Filed Under: 2008 Stock of Day, China, IPO, Stocks

Watchlist and Stock Portfolio Update

June 9, 2008 By Chris 3 Comments

Let’s start with the hottest stocks that have been on my watchlist over recent weeks:
CLR – Continental Resources Inc.,

Young Stocks Moving on Volume

“CLR – Continental Resources, $46.54, +43%”
My latest Stock Watchlist

“CLR – 38.38, yes, this stock is extended but I like it near $30 or the next base”
Highest Rated IPO’s

“CLR – Continental Resources Inc., $26.57
This is the first appearance of the stock on this blog as it has had a nice run from $15 to $28 in four months. The stock is extended but trending higher. An ideal entry is above the 50-d m.a. Set up a favorable risk-to-reward trade before entering”

SD – Sandridge Energy Inc.

Top Rated Stocks

“SD – 55.00, Sandridge Energy Inc., made another new all-time high this week and it continues to trend higher on increasing volume. A couple late day reversals to end the week sent up a red flag (minor at this point in time).”
Young Stocks Moving on Volume

“SD – Sandridge Energy Inc., $47.01, +30%”
My latest Stock Watchlist

“SD – 44.28, made almost every screen I ran this week (buy near $40)”

GTLS – Chart Industries Inc.

Top Rated Stocks

“GTLS – 41.89, Chart Industries Inc. is trading near new all-time high territory as the trend is higher. A move above $43 will trigger a triple top breakout on the point and figure chart (a positive sign if it comes on heavy volume and without a reversal).”
Young Stocks Moving on Volume

“GTLS – Chart Industries, $41.05, +45%”
My latest Stock Watchlist

GTLS – 35.48, poor ending to the week but a buy near the 200-d m.a. is fine
Chris Perruna Stocks in Review 2007

“Listed are the thirty two covered stocks in alphabetical order:
BIDU, BKC, BX, CSH, DVR, EDU, FCSX, FSLR, GRMN, GROW, GTLS, HMIN, HWCC, ICON, JASO, JSDA, LDK, LOOP, MA, MFB, MPW, MR, OMTR, PRXI, PTR, ROCM, SHLD, SLW, SMOD, SNCR, SSRX, VMW”
Market Leaders!

“(GTLS) Chart Industries Inc. – Fresh IPO Ideas $32.45″
Leading CP Stocks

7. GTLS: 37%, $23.05 to $31.54, 6/13/07
Make Millions Trading IPOs

“GTLS has gained almost 35% while institutional sponsorship has increased 55%. The most attractive number of the group is the jump in shares held for GTLS which increased by 102%. Institutions bought 16 million more shares than they were selling for an 8-to-1 ratio. The value of shares bought closed just shy of $500 million while the value of shares sold was only $65 million. The stock looks good long term.”
Chart Industries (GTLS)

“GTLS was Featured in these posts in June 2007:
6/13/07: Fresh IPO Ideas, GTLS – Chart Industries Inc. – $23.05
6/20/07: Young Guns Taking Off, GTLS – $24.73″

TITN – Titan Machinery Inc.

Top Rated Stocks

“TITN – 24.30, Titan Machinery Inc. is still making new all-time highs but did run into some selling pressure near the $26 level. The trend is higher and I am holding until told otherwise by the charts.”
Portfolio Stocks on the Move
Portfolio Snapshot: Growth
Young Stocks Moving on Volume
Titan Machinery (TITN)

IPI – Intrepid Potash, Inc.

Intrepid Potash, Inc (IPI)

“Can Intrepid Potash (IPI) follow in the footsteps of Potash Corp. Saskatch, Inc. (POT)? I will not hesitate to jump on a trend if IPI starts to run higher because crowds are persistent and I don’t like to fight them.”