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Strategies & Market Trends : $10 and Under : New 52 Week Highs -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (492)	11/4/2007 2:57:17 PM
From: bruwin	Read Replies (1) \| Respond to of 557

Sorry ... I thought this thread was about stocks under $10 that had recently hit a 52 week high, and not, necessarily, just about a chart set up. The way I see it, a chart should generally be a reflection of the quality of a company’s financials, especially in the medium to longer term. In the shorter term, it can be a "free for all", when a stock’s price could be volatile due to News, rumour, speculation, etc.. etc.. But if there’s nothing of financial substance to back those aspects, then it’s unlikely the stock will maintain its move. IMO, AEY was a good example of a stock’s more reliable, and less speculative, upward move since the beginning of 2007, where its price has increased nearly three-fold. In 12 months Turnover has gone up by 44%, Operating Margin has increased from 11.5% to over 21%, and Bottom Line is also up by over 214%. All of this was, first of all, evidenced in several of AEY's Quarterly Results, and thereafter reflected in AEY's chart. I reckon this would prove to be a far less risky and speculative Buy than a stock that hasn’t yet managed to make a profit. But ... hey ... this is your thread, and it’s not for me to buck the trend.