Thread: Interesting finds

Yeah it's amazing how those guys always seem to pick the tops. One of my gems had some insider selling this week. A director just dumped 250,000 shares at the new high and the two days before that 2 other insiders dumped a combined 130,000 shares. I know it's said insider selling is done for things like buying a new house, etc but dumping shares in that magnitude is not a good sign. Here's the rub. Analysts raised forward guidance and then those insiders bailed.

Anyway, in my stock trading account I am about 70% out of the market at this point. If the selloff didn't come around I would have dumped the above stock after the prior two days of downside on high volume but the selloff came and quickly stopped me out at the 50 DMA.

Partially my fault for not setting a tighter stop well above the 50 DMA. That would have given me another 3%. It didn't help that I was at work when all of this was going on, so I was unable to participate during market hours. In retrospect, there were some nice block sales going thru those two days of insider selling as well which I would have seen right away had I been at the CPU.

Bottom line though is that I got greedy and was waiting for that 18.5% to hit 20% before cashing out. Stupid, stupid and a good lesson learned.

Originally Posted by weatherweenie

There was an article in the Denver Post a couple of weeks ago about Crocs. They detailed the amount of insider selling that has gone on.

CROX is strictly for suckers. People see that maniac Phil Town talk and say how when a stock sells off it is on 'Sale'. Every mom and pop who's bought those ugly shoes for their kids has jumped on the bandwagon and driven the stock up. Wait until that stock misses a quarter. You're going to see a drop similar to the recent one in SFL. I haven't checked but there's probably a high short interest in that stock.

Originally Posted by Paladin

Of course I wouldn't touch the things because to me a shoe isn't a shoe unless a cow has died in order to make it.

Personally, I won't wear it unless it was an American cow that died. Those shoes made in China are not for me.

U.S. manufactured shoes are hard to find, but I still can find them.

Bates Oxfords. The last a long time.

And they use good American cows.

http://www.batesfootwear.com/

The shorts got run over again today in CROX. That stock first caught my attention in 11/06 and I didn't like the valuations. I was just a little wrong on that one. If I were to put money in today I'm sure it will tank, but since I'm not going to get near it, it's going to $110+.

Originally Posted by Paladin

My wife and three kids all wear them. They love the bright colors and say they are the most comfortable shoes they've ever had. Crocs are versatile in that you can wear them at the beach, walk in the water, work in the garden, hose them off, etc. The kids like the fact that they are very trendy and come in designer styles like Disney where the holes are in the shape of Mickey's head.

I know someone that works for Crocs. She has told me that Crocs have deals with NASCAR and Starbucks in the works. Point being, Crocs are working on, and getting marketing agreements with some pretty big clients.

Another one I've been into for the last three years is CRDN.

Very interesting - and is how I got into watching FRPT and SPAR to begin with.

CRDN's growth has been amazing- and right now they are in the process of trying to transition into a braoder range of products. Take a look and you'll find some pretty amazing things going on.

Yes, CRDN is a good stock. The stock should be trading much higher but the problem is that wall street is afraid that the Iraq War is going to end and crush CRDN's profits. That war isn't going away any time soon. It's only going to get worse. I remember looking at Ceradyne sometime in the early months of 2007 when it was trading in that channel. Looks like it had a nice volume cup and handle breakout on Friday. Did they report earinings Friday? I know it was upgraded today. IBD has featured FRPT and CRDN a few times. They are both the kind of companies that nobody can accurately project earnings estimates.

No, they didn't report earnings on friday-

They instead opened a new plant in China. The product there will be solar energy related. How about that? And they annouced a new truck to compete in the MRAP market, called "the bull". And annouced that it will be using some new technology armor on it. Now it looks like the military is going to do some acceleratied testing to put it through it's paces and see if it is something they want.

So, now we have a fast growing company, that is into body armor, added nuclear spent fuel storage, solar energy, vehicle armor, and has added capacity both domestically, and now it's first plant in China.

CRDN rules.

Two more to take a look at today.

One of my friends introduced me to these. I haven't yet done my due dilligence on them, but they already look interesting to me:

http://www.rionarcea.com

Which is stock symbol RNO.

And Stock Symbol ELP.


RNO operates mining - gold, and nickle. It appears the nickle mines are doing well.

ELP supplies electric power in Brazil. And it appears to be growing rapidly, with a low P/E ratio right now.

Both have had huge run ups, so I am a little warry, until I do more "due dilligence" and find out what they are about.

But they are both interesting finds, and deserve a little more careful analysis.

Note: I usually begin tracking a stock for a while and at the same time begin doing more research to find out more about the company. I'll post here later what I find out.

James,
What happened to RNO? I remember a while back they were in buyout talks? I had them on my list of commodity plays for my mock portfolio. Just noticed today the ticker is N/A.

Speaking of buyouts.... Hind sight is 20/20 but I was sooo close to going against my mantra and chasing tech earlier in the week when BEAS pulled back some. I didn't do it, but if I did, I'd be a seller today with a nice profit.

Originally Posted by Bullitt

James,
What happened to RNO? I remember a while back they were in buyout talks? I had them on my list of commodity plays for my mock portfolio. Just noticed today the ticker is N/A.
.

Yes, they were bought out by Lundin Mining back in August.

http://biz.yahoo.com/iw/070822/0293796.html

I never bought in- too much baggage for me to see the clear value.

Sometimes I want to look them over for a while, and see what they are doing, and learn more about the company before I decide to put any real money on them. Good companies will continue to be worthwhile - time sometimes can separate the wheat from the chaff.

Always better to get to know a company before putting any of your own real money into it.