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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Dale Baker who wrote (44773)1/23/2004 12:25:48 PM
From: TATRADER  Read Replies (2) of 59879
 
Here is fundamental analysis on VXEN...If you could tell me if this is bunk, would appreciate it...All I know is the volume and chart is calling for 1.40 short-term...That would net me 3.5K on the trade...A keeper in my TA book..

A comment from Running BULL or whatever the thread is called....

Bob, I have checked for news and filings and cannot find anything. No idea why the sudden interest but we've had 20% of the total shares traded in 24 hours. Maybe somebody else finally realized this stock has a ton of potential, profit news leaked, possible buyout, who knows. So everything is speculation at this point.

Here's the reason I'm in and holding.

Book value is $2.19/share.

NG prices are up and if they turn a profit of just $250,000. this quarter then projected stock price would be as follows.

Forward annualized profit of $1,000,000 divided by 4,400,000 shares = profit of $0.22/share. $0.22 x industry P/E of 15 = $3.30/share

I own this stock and want it to go up, so that's about as balanced as I can be.
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