QING today's closing price gave the stock a p/e of .29. The financials show a stock that is growing revenue and eps. If you take QING's latest quarterly $.15 eps and extrapolate that over the year you get $.60 a share. Use a very conservative multiple of 10 and you get a $6.00 stock.
GRPS the stock appears to have bottomed today. News out today as well as some filings could be the impetus for a rally in these shares. Keep a close eye on it over the next few days for confirmation that a bottom was reached and a rally is underway.
TYTN I noted the bullish pennant formation tonight which should resolve to the upside. I felt great about TYTN for tomorrow, but then I came across some new filings. My concern now is the recent authorized share raise from 1.5 billion to 6.5 billion. That is anything but a modest raise and questionable considering how well the stock has been trading lately. I had this stock on my watch list before its move from $.0007 to $.005. It made for a great trade, and now its been holding up so well, consolidating at current levels. To raise the authorized by over 3 fold... I am really lost for words. FIVE BILLION? Let's see what wins here, a bullish looking chart, or a greedy authorized share increase. I can understand raising the authorized by 100 million, even 500 million. To raise the authorized by 5 billion shares, that's a lot of tractors! It boggles the mind and makes one question the motives of those behind this company. Let's hope this works out for shareholders and the chart resolves higher.
ILVL This stock surged late in the session. It could have some follow through tomorrow. Add it to your watchlist.
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1 comment:
Great tips about trading blogs.
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