Quick update on two stocks - TVOC.OB and TXICF.OB
TVOC.OB had what I call a "day 1 - discovery". Very nice volume with a jump in share price - the highest volume in over 3 years. Keep in mind, 54k volume is roughly 17% of entire float, which is only 314k.
Quick comparison to MXC, which has a float of 540k - before MXC took off from $4's, the stock was trading 0 - 3000 shares for a long time. Then it doubled on tiny volume to $8. Since then, the volume increased significantly all the way to $50+.
OTCBB is the big factor, but TVOC.OB is profitable company with eye-popping fundamentals and with easy comps compared to the last year. 2Q earnings are coming in August.
Recap from the early write-up:
http://undiscoveredstocks.blogspot.com/2008/05/quick-update-on-aaacob.html
Side note: watch TVOC.OB for movement on MXC sympathy.
Actually, TVOC.OB is much better than MXC, which moved from $4 to $44 in just a few weeks.
TVOC.OB trailing PE is 15, while MXC's is 175
TVOC.OB float is 314k, while MXC's is 549k
Latest 1Q earnings came in at .39!!!!
Stock is priced at the last year's oil&gas prices.
In 2007:
Oil Production volume - 61,293 barrels
Average sales price per barrel - $68.04
Gas Production volume - 359,969 MCF
Average sales price per MCF - $7.24
Now, on TXICF.OB (former AAAC.OB).
Very nice volume and movement in the past few days with few big blocks. Yesterday we hit all-time resistance level, plus the chart looked like the stock was getting slightly overbought. I expect the stock to base here (perhaps with some profit taking) before resuming its move.
On the new stocks to watch - not ready yet. Found some red flags that require more research.
Tuesday, June 24, 2008
Thursday, June 19, 2008
Update on current stocks
Just an update on the stocks I follow in no particular order:
HRBN - I like the test of 50 dma at low $16's. Every time it goes down to test that level, nice bids show up to support the price, showing continuous accumulation.
Check out the following chart:
This is an important support line to hold and I believe it will hold. Watch for MACD crossover. If the market bounces from here (and I strongly believe it will), we should see a nice run developing soon.
Another factor that may impact the share price of HRBN is upcoming details on the acquisition, which are supposed to be announced by the end of the month. Many are on the sidelines, waiting to hear these details to know exactly what financing options the company has planned for the acquisition. Watch for the news in the next 10 days, in my opinion.
AAAC.OB is no longer AAAC.OB, but not yet on Nasdaq. The ticker has been changed to reflect the new company, but the stock so far remains on OTCBB. The new symbol is TXICF.OB (warrants - TXIWF.OB and units - TXIUF.OB). This is normal practice. One quick example - YTEC. This company used to be a blank check acquisition company - China Unistone Acquisition Inc. traded on OTCBB as CUAQ.OB. Once the merger happened, it changed the ticker to YCHTF.OB some time later. Then, a little later after that, the company was transferred on Nasdaq with the symbol of YTEC. Nasdaq is more strict to SPACs now, so it seems some additional requirements are delaying the process. The stock is holding up nicely with continuous bid support. No worries there. On another note, remember CSCA.OB (now APWR). The stock has been unstoppable all the way from $7's to $30+.
Remember who the top holder is? Jeff Feinberg with his fund. Food for thought - He owned over 40% of original CSCA.OB shares, and he also owns 24% of original AAAC.OB shares.
Again - no worries there.
BSIC.OB - Slowly, but surely, gaining the momentum and interest. Reached $2.94 high today before retracing on good volume. Earnings run started, as they are expected within next 10 days. Great company and great long term, if the oil prices stay above $100. They recently reported that all 32 wells are now operational, and they are very excited about the current production levels.
AFAM - announced the biggest acquisition to date:
Almost Family signs definitive agreement to acquire Patient Care; expected to contribute significantly to earnings in '08 but is expected to be accretive to EPS in '09
Also, as pointed out by one of the readers "the divot", a great article came out about this company:
http://www.smallcapinvestor.com/articles/06132008-almost_family_home_healthcare_firm_makes_itself_at_home
This article came out before the acquisition announcement, and here is one paragraph from there:
"Avondale Partners raised its earnings estimate for 2008 as a whole to $1.48 from $1.27 and for 2009 to $1.60 from $1.34, not taking into account any new acquisitions, which the analysts consider likely. "
Once again, just a great long term hold.
CNEH.OB - continues to trade in the range. $3.73-$3.75 is the level to watch for a break to the downside, $4.50 is the level to watch for the break to the upside. Other than that, the stock will probably get a lot of attention when Q2 numbers are released, but there is still plenty of time until then. There are also a few upcoming road shows.
TVOC.OB - saw a little bit of movement today. 5k+ volume is better than 0 for this stock :). No worries here. Downside is limited, upside could be great. I like risk/reward ratio here. Again, the earnings are in August.
I will have a few new stocks to watch, as I finish my DD on them hopefully in the next few days.
One that I don't really consider undiscovered, but just a potentially great company is HEK - Heckmann corporation, which is another SPAC with a great management, acquiring China Water and Drinks company. This is a good article to read about the deal:
http://www.forbes.com/2008/05/21/china-water-heckmann-markets-equity-cx_mp_0520markets30.html
Good luck!
HRBN - I like the test of 50 dma at low $16's. Every time it goes down to test that level, nice bids show up to support the price, showing continuous accumulation.
Check out the following chart:
This is an important support line to hold and I believe it will hold. Watch for MACD crossover. If the market bounces from here (and I strongly believe it will), we should see a nice run developing soon.
Another factor that may impact the share price of HRBN is upcoming details on the acquisition, which are supposed to be announced by the end of the month. Many are on the sidelines, waiting to hear these details to know exactly what financing options the company has planned for the acquisition. Watch for the news in the next 10 days, in my opinion.
AAAC.OB is no longer AAAC.OB, but not yet on Nasdaq. The ticker has been changed to reflect the new company, but the stock so far remains on OTCBB. The new symbol is TXICF.OB (warrants - TXIWF.OB and units - TXIUF.OB). This is normal practice. One quick example - YTEC. This company used to be a blank check acquisition company - China Unistone Acquisition Inc. traded on OTCBB as CUAQ.OB. Once the merger happened, it changed the ticker to YCHTF.OB some time later. Then, a little later after that, the company was transferred on Nasdaq with the symbol of YTEC. Nasdaq is more strict to SPACs now, so it seems some additional requirements are delaying the process. The stock is holding up nicely with continuous bid support. No worries there. On another note, remember CSCA.OB (now APWR). The stock has been unstoppable all the way from $7's to $30+.
Remember who the top holder is? Jeff Feinberg with his fund. Food for thought - He owned over 40% of original CSCA.OB shares, and he also owns 24% of original AAAC.OB shares.
Again - no worries there.
BSIC.OB - Slowly, but surely, gaining the momentum and interest. Reached $2.94 high today before retracing on good volume. Earnings run started, as they are expected within next 10 days. Great company and great long term, if the oil prices stay above $100. They recently reported that all 32 wells are now operational, and they are very excited about the current production levels.
AFAM - announced the biggest acquisition to date:
Almost Family signs definitive agreement to acquire Patient Care; expected to contribute significantly to earnings in '08 but is expected to be accretive to EPS in '09
Also, as pointed out by one of the readers "the divot", a great article came out about this company:
http://www.smallcapinvestor.com/articles/06132008-almost_family_home_healthcare_firm_makes_itself_at_home
This article came out before the acquisition announcement, and here is one paragraph from there:
"Avondale Partners raised its earnings estimate for 2008 as a whole to $1.48 from $1.27 and for 2009 to $1.60 from $1.34, not taking into account any new acquisitions, which the analysts consider likely. "
Once again, just a great long term hold.
CNEH.OB - continues to trade in the range. $3.73-$3.75 is the level to watch for a break to the downside, $4.50 is the level to watch for the break to the upside. Other than that, the stock will probably get a lot of attention when Q2 numbers are released, but there is still plenty of time until then. There are also a few upcoming road shows.
TVOC.OB - saw a little bit of movement today. 5k+ volume is better than 0 for this stock :). No worries here. Downside is limited, upside could be great. I like risk/reward ratio here. Again, the earnings are in August.
I will have a few new stocks to watch, as I finish my DD on them hopefully in the next few days.
One that I don't really consider undiscovered, but just a potentially great company is HEK - Heckmann corporation, which is another SPAC with a great management, acquiring China Water and Drinks company. This is a good article to read about the deal:
http://www.forbes.com/2008/05/21/china-water-heckmann-markets-equity-cx_mp_0520markets30.html
Good luck!
Wednesday, June 11, 2008
Updates on current stocks
Current list of "undiscovered" stocks include - HRBN, AAAC.OB, BSIC.OB, AFAM, CNEH.OB, TVOC.OB.
HRBN - down due to market weakness and lack of volume (and interest). It's trying to test 50-day MA at $16.01. Stock has also been down 4 days in a row. Long term - nothing changed, all fundamentals are still there. Short term - a bounce is expected and new leg up should commence shortly after successful test of 50-day MA.
AAAC.OB - same old "Nasdaq listing any day now". Still waiting... It's nice to see the stock to break 7.90-7.95 level on volume in both stock and warrants. Very large bids are showing up on Level II in the past few days.
BSIC.OB - took a dip to below $2 mark after hitting $3. The stock has been up since then, but will probably trade in the range of $2.26 - $2.75 until the earnings report, which should come in at the end of June. With the oil up significantly, we should see nice numbers for the year.
AFAM - probably no need for updates on this one. This is purely long term play, which is not really affected by the weakness in the market.
CNEH.OB - will probably trade in the range for a little bit, as technicals seem to be improving. Watch MACD crossover, as it might occur within a week. The stock will get a lot of attention when Q2 numbers are released, but there is still plenty of time until then.
TVOC.OB - no love for this stock. Extremely undervalued, but nobody wants to buy it with the tiny float it has (314k). Most likely will have to wait until next quarter eye-popping numbers are released in August.
HRBN - down due to market weakness and lack of volume (and interest). It's trying to test 50-day MA at $16.01. Stock has also been down 4 days in a row. Long term - nothing changed, all fundamentals are still there. Short term - a bounce is expected and new leg up should commence shortly after successful test of 50-day MA.
AAAC.OB - same old "Nasdaq listing any day now". Still waiting... It's nice to see the stock to break 7.90-7.95 level on volume in both stock and warrants. Very large bids are showing up on Level II in the past few days.
BSIC.OB - took a dip to below $2 mark after hitting $3. The stock has been up since then, but will probably trade in the range of $2.26 - $2.75 until the earnings report, which should come in at the end of June. With the oil up significantly, we should see nice numbers for the year.
AFAM - probably no need for updates on this one. This is purely long term play, which is not really affected by the weakness in the market.
CNEH.OB - will probably trade in the range for a little bit, as technicals seem to be improving. Watch MACD crossover, as it might occur within a week. The stock will get a lot of attention when Q2 numbers are released, but there is still plenty of time until then.
TVOC.OB - no love for this stock. Extremely undervalued, but nobody wants to buy it with the tiny float it has (314k). Most likely will have to wait until next quarter eye-popping numbers are released in August.
Subscribe to:
Posts (Atom)
