Very nice week for our undervalued small caps:
YTEC - Since mentioning it at low $11's, it had a very nice week. The break of mid-high $11's was crucial. We saw a nice gain all the way to mid $13's even when the market wasn't doing too good. Hard to say what will happen next, but some profit taking is inevitable at this point.
AFAM - wanted to mention it one more time. It continues to amaze me, as it breaks new high every week. It now reached $35, making it a solid 75% gain since mentioning it at $20 just a few months ago.
HEK - another solid performer this week. But its warrants make it a better play, because of the percentage gain.
HRBN - again, based on the chart, as mentioned earlier, it's starting to come out from the low base closing at just above 50 dma even in the down market. Last time we closed above 50 dma, we had a nice run for another 4 points. I believe this is the beginning of a very solid uptrend. The earnings are coming shortly and should continue to tell a successful story here. It's still early....
One continuous disappointment is TXIC (Tongxin International). Disappointment in terms of not gaining anything. I would take any not-losing stock in this market though :) Unfortunately, it's still not attracting the masses, but the earnings are coming and we may get some more exposure based on them...
New stock to watch - MAQ and the warrants MAQ-NT (MAQ+). More on this company in a few days. Quick note - the vote on acquisition is expected within next 10 days, so be sure to know the risks associated with it.
More updates in a few days....
Saturday, August 2, 2008
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11 comments:
I agree that TXIC has been disappointing so far - are you still holding the warrants or have you dropped it from you "undiscovered" list?
There was an interesting video regarding the recent Wall Street Transcript on Chinese autopart companies. It is now posted on youtube:
http://www.youtube.com/watch?v=ITN3IFn_u-A
Yes, I'm still holding and not planning to drop it any time soon....(unless there is a material change)
Stocks like these can start their runs when nobody watches. Many examples: CNEH.OB, YTEC (last year), CWSI.OB, etc....
I bought TXICW just last month at $3.40 and was shocked at how badly they've fallen - now $2.60. I'd hate to lose my entire investment so I'm thinking about dumping these warrants and taking a loss. Any advice?
AFAM nice results.. hit $38.865 today
very nice call!
TXIC/TXICW no interest in this right now... need to find some new investors and hopefully our earnings report next week will help out with that-
“Saving GM” should be interesting and touch on China’s auto market and growth.. Aug 6th 9PM EST http://www.cnbc.com/id/25921075/
Ok...I have to ask. Why is TXIC getting hammered? Did you see SORL today...the stock is flying!!!
The Peoples Republic of Profit on at 9pm EST tonight fwiw
http://www.cnbc.com/id/25349698
WATG CAAS SORL all upgraded to BUY at Merriman Curhan Ford this morning
Ed: I've made a ton of money on several of your picks including HRBN, AFAM, BSIC, and YTEC and I have to thank you and your blof for that. But TXIC - wow! I think it's time to give up on it as your pick for 08 and give us a new pick. Agree?
Sorry for the lack of responses. I was on vacation. Just got back late last night.
TXIC is disappointing, but far from a disaster. Look at it this way - there are many chinese stocks that went down 30-50% in the past half of the year. TXIC, on another hand, did not even lose 10%.
Yes, it didn't have an advance many have expected, but it did not tank either. Warrants loss is bigger on percent base only.
I'm not ready to give up on it. I did not see any material changes that would affect my thinking yet. Will check the earnings and re-evaluate.
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