A reader by the name of Guy wrote a comment that I was able to read before the beginning bell this morning to ask what I thought of a stock called Shengkai Innovations Inc (VALV). It looked like a momentum play I could manage between everything thing else I do at work (yeah, right) so I bought some shares at $1.15, but most were at $1.18. Just minutes ago I sold my entire position at $1.24.
Some of the VALV's incredible 'fundamental' data that I was able to glean before attempting the flip are detailed on the chart using various colors.
I simply do not have time right now to decide just how legit this stock and its pricing, so I took a little 5% profit and politely said "thank you". And I would also like to say "thank you" to Guy.
Heck, if half of those numbers are real I should have held this thing until it reached $5.
My TSI trading record has been updated.
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Hi John, well i have been tinkering with the tsi. I see you have as well. Good job.
ReplyDeleteThe tsi is being refered to on SMT blog every now and then. Would you be willing to use gold as a real time teaching tool? Perhaps post gold with the tsi, 2 or 3 times a week. Then comment on the tsi development.
We all like gold and watching the tsi develop its moves and signals would be more educational.
Well its just a thought, i know you are very busy. Keep up the great work
I am still a novice at the TSI and wanted to ask you if I am correctly seeing a Trend Line Break on the 4hr TVIX chart?
ReplyDeleteAlso thanks for posting the 20 shorts, I went through each on TOS as homework to gain a better understanding of the techniques.
-Aaron
Hi again John,
ReplyDeleteThanks for the quick analysis!
I read a seeking alpha article that might make sense. The idea is that general fear of China industry, paranoia, and institutional dumping of shares in a smaller cap company have destroyed the share price.
http://seekingalpha.com/article/279636-everything-you-could-possibly-want-to-know-about-shengkai-innovations
Its funny the commenters turn on the author pretty quickly when the stock really starts to tank.
Guy (guy.richards@usask.ca)
John good job of getting in and out on this one. It crashed today. Some scary stuff out there!
ReplyDeleteGoogle Finance today (2/17) says P/E is 0.54, P/B 0.20 ... yow.
ReplyDelete