SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : YEEHAW CANDIDATES

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jibacoa who wrote (3750)11/19/2003 6:34:24 PM
From: Sergio H  Read Replies (4) of 23958
 
<Mine is low priced stocks (below $5) with good previous history, good volume (especially higher OBV) and significant insider's position.>

I would say that you're describing your strong point not your weakness. And you've proven several times over to be an excellent stock picker in the type of stock that you described.

UHALQ has been on a tear coming out of bankruptcy, up 800% since the summer. The cash flow is good, but there's a lot of debt. Considering that this stock has enjoyed a sharp price appreciation in a short amount of time, the reorganization plan will have to be a doozy in order for the trend to continue and therefore, there's significant risk here, which I am sure that you are aware of.

To sum it up, if you own this stock great, but this is not a good time to start a new position. If I'm wrong it won't be the first time, but this is my opinion.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext