RLM, I think you're right. I was expecting a slightly larger pull back this morning. Baring news/rumors we don't know about, however, it will pull back.
Concerning TRBDF. This one is a real winner. Tech Master brought it to my attention just a couple of months ago and it has done very well for me. Company is Turbodyne. Check their site: turbodyne.com Sorry, I don't have the link to the SI thread, just do a search for Turbodyne, I don't think searching the symbol will get it for you. They have a "light metals" division that is currently paying the bills and there are rumors of a large, long-term contract with VW to supply wheels for ten years to plants in Mexico. But that's not the story. They have a great, patented technology for eliminating turbo lag in diesel engines that results in less pollution and improves efficiency. EPA certified it, finally, a few weeks ago. Raymond James of Europe picked this company in a German TV stock picking contest a few weeks ago to go to 20-25 this year. Their technology is being/has been tested in France, Germany, Brazil and other places. They just shipped the first ones to Detroit Diesel. The technology has received lots of favorable reviews in the trade and especially in Europe. The stock is traded on EASDAQ and the German exchanges, besides NASDAQ. The stock has come up quickly, but when they strike an OEM deal this summer or when large urban bus systems start buying their technology the stock will quickly move to the mid-teens or higher. It was as high as 10.8125 last week or so. It could go back to fill a gap that occurred two weeks ago when the stock closed on friday at 5 something and opened on Monday at 8. Lots of people think it has moved too quickly and must retreat, but it very well may not. I've been in and out several times since it was 4 and just below. Lots of potential. There are people on the SI thread that have been following it far longer than me and know much more. Check it out.
Best,
John |
