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Politics : Welcome to Slider's Dugout

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To: Broken_Clock who wrote (5684)7/31/2007 10:22:25 AM
From: RonMerks  Read Replies (2) of 50747
 
IPSU (blows chunks)and up + 6%.

I am begining to think that 99% of all the posters on SI are only capable of following very simple and easy to understand momentum plays.

Blows chunks and up + 6%.

I guess that's another 'whodathunkit?' moment.

finance.yahoo.com

Last Trade: 28.43
Trade Time: 9:50AM ET
Change: 1.58 +5.88%
Prev Close: 26.85
Open: 26.75
Bid: 28.42 x 200
Ask: 28.47 x 100
1y Target Est: 27.00

Day's Range: 26.60 - 28.51
52wk Range: 21.75 - 35.21
Volume: 35,350
Avg Vol (3m): 238,157
Market Cap: 334.08M
P/E (ttm): 5.89
EPS (ttm): 4.828

I think this was a nice little +15-18% pop trade from when it was offered up. From there- it's been volatile like the rest of the market. Now you need to decide if its a take out play and whether that 50% short interest with a couple of large accumulators offers a reason to follow it.

I still hold sugar. But, with IPSU, I've scalped a few shares from the trading volatility and will hold some of those shares as an interestig short-squeeze/ take out play. Nothing more- nothing less.

Fwiw: Over the last 5 days it's leading gold, gold stocks and the Dow.


My Hi-ho Silver horse is looking like a county fair nag right now (but, it's still spanking gold). Come on speculators- light my fire.

Interesting chart- silver vs. gold - 1 year:


Ron
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