Hi Custer. True answer is that it hit one of my scans, and when I bought it the chart looked good. Had no idea
what they did, other than the blurb on a CFRA report. Did note on the report, that their revenue was down last
year. In the last two quarters, they have done 71% of last years revenue, and over 50% of 2023, their best revenue year.
A couple days later, I read their latest call transcript on TIKR. Seems they had a contract terminated that
affected last year. They are tiny, but have numerous "show me" contracts with the army and navy.
Got a first order for this:
As a reminder, last year, we became the exclusive global licensee of fiber-reinforced aluminum composites
originally developed and patented by Triton Systems.
Put on a third shift, but saying they will need to do more to keep up with demand.
Still comes down to the big money is so much smarter then I am.
Best way I have found to "pick their brains", since they won't share with me, is to find small stocks that are
going up. On the weekend, I'll run a scan, and I've looked at so many charts, I can flip through them quickly.
Simple moving average scan, with each above the next: 10 day, 20, 50, 100, 200. I add one that has the 5 day
above the twenty day. I don't want to look at hard drops. 133 show today before adding the 20 below the five,
125 after. When I go through them, I might find 3 to 6 I'll read the CFRA reports on.
It's my nature to think there is always a better way. I thought if I moved the 200 to being above the 100 I
would find some earlier. Turned out way too many end up crapping out. Scan, chart, price, and volume is
all I got. |
