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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: KirbyJF1 who wrote (641)4/27/2012 12:23:04 PM
From: Covenant1 Recommendation  Respond to of 1876
 
Technicals would suggest today is not the best entry point. That being said, follow on offerings often present a bottomming opportunity. The bottom did not hold this time.

Westport Innovations Down 24.5% Since SmarTrend Downtrend Call (WPRT)
Comtex SmarTrend(R) via CMTX - Tue Apr 24, 9:49AM CDT

Related Stocks
WPRT - Westport Innovations Inc
Sym Last Chg Pct
WPRT30.53+0.34+1.13%

SmarTrend identified a Downtrend for Westport Innovations (NASDAQ:WPRT) on March 29th, 2012 at $40.58. In approximately 4 weeks, Westport Innovations has returned 24.47% as of today's recent price of $30.65.

In the past 52 weeks, Westport Innovations share prices have been bracketed by a low of $16.19 and a high of $50.19 and are now at $30.65, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.2%.

Westport Innovations Inc. is commercializing high pressure direct injection (HPDI) combustion technology. This technology allows diesel engines to operate on cleaner-burning gaseous fuels without sacrificing performance or fuel economy. The Company currently has an alliance with Cummins Engine Company Inc. and a development project with Ford Motor Company.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Westport Innovations.

Log in and add Westport Innovations (WPRT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

Westport Innovations Inc (WPRT)30.49 +0.30 (+0.99%) Friday, Apr 27th, 2012 12:03P EST
Detailed Opinion Show Signal Strength and Direction
Composite IndicatorsSignal
TrendSpotter Sell
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% Sell
20-Day Average Volume - 2,759,850
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% Sell
50-Day Average Volume - 2,697,370
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 - 100 Day MACD OscillatorBuy
Long Term Indicators Average: 33% Sell
100-Day Average Volume - 1,940,709
Overall Average: 80% Sell
PriceSupportPivot PointResistance
30.4929.2730.1431.01



To: KirbyJF1 who wrote (641)4/27/2012 12:52:09 PM
From: grahamcracker1 Recommendation  Read Replies (2) | Respond to of 1876
 
Kirby -

Just a heads up -

2 things:

1. Note that the tax implications of owning this company are an issue, especially if you're holding it in a tax-deferred account (such as an IRA). These things can be a nightmare.

Obviously, if you make a lot of money on it, no big deal, have an accountant who knows what they're doing sort it out; however, if you're holding a small position be aware. (See SUPPL filings dated 2/22, 2/23, p. 22 etc.). Do not assume that just anyone with a CPA automatically knows what they're doing on this stuff.

2. The "plummet" in price appears to be dilution, not a bottom. Not sure where this info puts you but take care with this:

You will experience immediate and substantial dilution.

If you purchase our common shares in this offering, you will incur an immediate and substantial dilution in net tangible book value of U.S. $30.46 per share, after giving effect to the sale by us of 5,500,000 Common Shares offered in this Offering, and after deducting underwriting discounts and commissions and estimated Offering expenses payable by us. In addition, if the Underwriters exercise their over-allotment option, you will incur additional dilution.

Caveat: perhaps you've done full DD and I certainly have not other than to ascertian that this is complex on a number of levels and surely demands intensive DD in order to have anything even remotely resembling a margin of safety.



To: KirbyJF1 who wrote (641)5/16/2012 4:37:04 PM
From: Covenant1 Recommendation  Read Replies (1) | Respond to of 1876
 
The stock is selling for approx 30.50 a share- They just had a stock offering in Feb for $43.25- I think it has bottomed. $$$$$$$
Good thing you aren't in the forecasting business.


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