Interesting moves in ACTM, FLEXF, CMCI, and DIIG.
What a day, a lot of volatility to finish off a big down week. I will recap some of the more interesting moves and how I moved.
ACTM finished off (I hope) a significant sell-off today, dropping all the way to 18 1/2 before rebounding slightly. In early December this stock broke 30. At current prices the stock is trading at a forward PSR = 0.60 and a forward PE = 12. The company sales and profits should grow 30-40% this year and 30% next year. I took an initial position of 1400 shares at 19 today (thanks to jeffrey bash, another CTN thread acquaintance). More discussion on ACTM thread:
Subject 2257
My big favorite in this sector, FLEXF, has really been hammered and traded down as low as 20. I licked my wounds and bought 1000 at 20 1/4, tried to buy more at 20 5/8 and chased it a bit before giving up. The stock reversed itself on heavy volume. As soon as it broke below 21 1/2, a lot of buyers jumped in, and the stock closed above 22. This stock is doing a secondary, and some of the buying dried up above 22. Looks like the secondary could come at 22 (my guess based on trading action today). More discussion at:
Subject 5051
CMCI continued to see big blocks selling since the earnings report last week. The price of 9- 9 1/2 is down from 12-13 before the report. This stock seems cheap on a PSR basis, but its got a low margin for the sector, and the forward PE = 18. I'm sitting this one out in spite of rapid revenue growth among its telecom and network customer base. More at:
Subject 12930
Finally, the really bright spot in the sector this week finished strong. DIIG broke over 27 on very heavy volume for this stock and with 5-10k blocks trading today. Trailing PSR = 0.60 and forward PE = 10. Should grow 25% a year for next two years.
Subject 10509
ELAMF didn't do much of anything after earnings report.
Paul |
