It's now waiting time for the earnings that will come in August for many value stocks, such as HRBN and TXIC. Really nice chart is forming for HRBN. Hoping to see more volume with 2 weeks left before the earnings.
HEK is looking very good in the past few days - mentioned on the watch list few weeks ago...
Here is another stock that's worth mentioning. This is kind of odd to come back to this stock, but the chart is starting to look attractive. The stock is the second stock that was mentioned on this blog more than a year and a half ago :) - it's YTEC (Yucheng Technologies). Volume is coming back to this stock, and it seems to be making a good base in $10's... Break over high $11's will make the stock very attractive even if for a short term only.
Market tried to test the lows in 10800-11100 area, not going below 11k this time. So far, test was successful and it's nice to see a recovery after yesterday's big drop. We are maybe on the way to 13k by late Sep / Oct. time.
Let's see what happens from here....
Tuesday, July 29, 2008
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2 comments:
I noticed that TXIC's warrants are now trading below the common which I thought was strange. Do you feel that the warrants will still be able to achieve the $5 strike price?
.10-.15 cents difference is irrelevant at this point. What matters is what the financials will show in a few weeks, as well as the forecasted growth that we should see in upcoming months. Common should trade over $10 by year end, meaning warrants should be over $5....That's just my opinion though...
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