Everyone has opinions. They give you their two-cents worth. I'll give you more. One penny more. That's a cool 50% more than others. And that's wicked value.
The LIVEROCKET investment philosophy is that at any given time, there are amazing companies out there that are building better mousetraps and generating incredible sales. This is not a buy and hold philosophy. No company can maintain exceptional growth and momentum for long.
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!
ATI fell down due to Boeing comments that they changed the design to use less titanium.."TIE" will go down to 25-27 range ?
ReplyDeletewhat would be our stop losses for these stocks?
ReplyDeleteThe ATI/Boeing is a rumor. Titanium is used in several places:
ReplyDeleteEngines - 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!
ReplyDeletestop losses are a must!
JOYG was a very good pick yesterday... thanks for it.
ReplyDelete