Back up the truck
Buying:
JLG 400 shares @ $21.96
GRP 200 shares @ $42.40
JOYG 200 shares @ 48.70
NTRI 150 shares @ $70.7
TIE 400 shares @ $32
ISIL 300 shares @ $26.99
RFMD 1000 shares @$7.4
JLG 400 shares @ $21.96
GRP 200 shares @ $42.40
JOYG 200 shares @ 48.70
NTRI 150 shares @ $70.7
TIE 400 shares @ $32
ISIL 300 shares @ $26.99
RFMD 1000 shares @$7.4
posted by Andrew at
7:54 AM
5 Comments:
ATI fell down due to Boeing comments that they changed the design to use less titanium.."TIE" will go down to 25-27 range ?
what would be our stop losses for these stocks?
The ATI/Boeing is a rumor. Titanium is used in several places:
Engines - made by G/E and Rolls Royce. They demand the high heat and low weight that only titanium can use
Frame - No change. Boeing depends on the lighter weight titanium.
That is already 85% of the titanium used in planes.
The #1 selling point of the Boeing 787 is energy efficiency. That is provided by the titanium lower weight.
STOP LOSSES
I would set a trailing 12% loss given the extra volatility. For now, I'm not bothering because I think they are beaten down about as much as they can be. Many of these companies are flirting with P/Es of around 20.
Well..so what if it is just a rumor. When dealing with such momentum stocks (anytime a stock goes from $9 to $90 in 12 months, that is pure momentum!), rumor is just as important as fundamentals! heck for that matter rumor can kill any stock let alone a recent darling!
stop losses are a must!
JOYG was a very good pick yesterday... thanks for it.
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