Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.17

+0.2%

Jan 12 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47875)	5/3/2012 9:04:36 PM
From: Johnny Canuck	Read Replies (1) of 69695

It looks like it has some pretty good support at that $0.90 to $1.00 level. A stop loss there would take you out with a profit. I don't know their story, but given all the concern about weakness in commodities do they have enough money or cashflow to fund their cap ex budget without going back to the market? I think it is going to get harder to raise money in the current environment and I see banks raising their requirements to lower their risk to the sector accordingly. It looks like there were profitable last year: stockhouse.com I think that is what is being priced into companies like BNP.TO even though they are profitable and generating decent cashflow currently. A company like EPM on the other hand can fund the cap ex budget from existing cashflow so it has been less volatile. The volume is really light on this stock, less than $1 million a day in value. It might be hard to get out so you need to either except a lower price than you would expect or have to get out over a few days. That is one of the tthings I hate about small cap, thinly traded stocks.

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