JLGI was adopted as an emerging blue chip in the Cabot's portfolio. The very next day, stock opened 13 points higher at 68. Went up to 83 when they announced a split, dividend and positive surprise on estimates which were recently revised upwards. Here in NY, I see only JLG equipment for any kind of construction (except earthmovers which are caterpillar) Seems they are increasing thier sales in China, Latin America and elsewhere.
Carlton Lutts is being investigated by the SEC for being involved in a short squeeze operation. I dont know how far the allegations are true, but his recommendations took a plunge - PRST, ZOLT, IOMG, ASND, MRVC
JLGI was recommended very recently and hasn't been hurt as much as the others. But I suspect instituitions are closing positions for fear of Presstek syndrome in turn causing relative line to drop etc.
In short, JLGI may be a very short term short play. Look at the chart before the jump from 55 to 68. It does look solid. A blue chip investor would do well by going long in this if it drops to 60.
When the market turns around, the strong ones will rise rapidly, so one must take care when shorting them.
OREM: What do you know about this one? They reported record revenues last quarter and increased orders. That was what caused it to jump 10+ in two days. Kind of risky until it drops below 27.
Cadaver |
