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New Buy Candidates: NTI (careful, its low float and has low daily trading volume)
New Short Sale Candidates:
Add To:
Note: I will post the new trade ideas and picks in the morning. Again, do not expect anything crazy as most of my picks will be add on positions.
posted by Nick M. @ 1:00 AM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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4 Comments:
Nick, reason for buying NTI?
thanks
Andy,
there are several good reasons behind the NTI pick. Still, there are several problems with the stocks liquidity.
1. Strong technicals on the chart and price action. At the moment, it is consolidating from its big breakout in late May. If you compare it to the average. Despite its consolidation, the stock still looks healthy on the chart and is not that far off of its 52wk high.
2. Improving fundamentals. Its eco-friendly products are starting to catch on and this will soon be evident in the upcoming earnings quarters.
3. Interesting products and story. These guys are an environmental/alternative energy growth story.
4 Industry group strength. The group which this stock belongs to is showing increased institutional support all across the board. This stock is one of the more attractive plays on the container/enviornmentally conscious side of things.
5. Low Float. With less than 2M shares, expect some supply/demand pressure to send this stock higher.
6. Moving to the NASDAQ. It would be nice if they offer more shares to the open market. If they did, the increase in the float and visibility will allow more institutions to pick this up.
Negatives:
1. Rather illiquid. With such a small float, a negative news release or institutional selling can leave one holding the bag on this one.
Great analysis! thanks much.
I was a little wary about the new eco-friendly product line (to play devil's advocate) since a lot of companies are using buzzwords to catch attention. NASDAQ listing helps no doubt but I got burnt buying another ticker based on that ground. Still this NTI seems a compelling buy and I have it on my watch list.
Andy,
No doubt, there is a certain degree of risk with NTI. There is one other positive factor that I like on NTI. Looking at the chart, the stock has already broken out to an all new life time high. This is a big accomplishment and a unique situation that I do not like to pass up. There are very few stocks that can actually do this. Some of the other stocks that come to mind are PDO and MXC. Both of these stocks have made over 500% gains in a month or so. But they didn't make these highs until they started to clear their past lifetime highs. Just something to think about.
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