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Samg: I do not put much faith in Vector Vest any more since I got burned in ATEC. Then it said ATEC was way undervalued. The darn thing proceeded to drop by 50%. I mostly watch for stocks with great fundamentals, exceptional growth stats as per IBD, low float, with a product that is relatively new to the public and hot, low PE compared to others in its group, within group not out of favor, with good chart formation, good short term technicals per AIQ. When it meets all those and then breaks out on a very large percentage volume increase, it is time to buy. IBD's ratings currently are 97, 88, A, +90, +560 Acc, +66 Acc, .70 Annual est., 14 PE based on est., Group rating B, 4.1m float, mgmt owns 46%, and closed up Friday on 347% avg. vol. All the ratings are very good, but the one that is outstanding is the 90% annual earnings growth rate with only a 12 current PE. Anytime you can get a stock with a PE way less than 1/2 of its annual growth rate is a very good bargain. Like I said before on this thread, this stock has everything going for it to double in price short term and who knows long term, except it is not an American company. I have no idea why this is, but that just the way it is in general. |
