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posted by beanie11111 | 11:51 AM
18 Comments:
If you like some speculation, remember to own some ANGN for a swing hold.
I am confident that it will take out $10 in the next few days.
I own some at $8.15
ANGN is speculative but i feel it is really cheap stock at 29 million market cap for a $30 million revenue company that just became profitable.
ANGN looks perky right now. I believe in $10
i hope you folks got some ANGN.
It's flyin again.
beanie..looks like OIH and other oil stocks put a short term bottom. what are your thoughts?
I believe oils like VLO have already bottomed at 48, although i feel better if VLO trades above 50.
Wow, could today be the "first day" of a "new" bull market?
what do you think of TIE and NEM?
At the risk of sounding like an snakeoil saleman... may i offer you some ANGN?
(ANGN is a coiled spring ready to explode upwards in the days ahead, imo)
anonymous,
both NEM and TIE have support in this area. If it weren't for such a bear mentality on commodities right now, i would say these 2 stocks have bottomed. As a result, I'll give it a "soft" call, "They have bottomed..."
Try not to bottomfish on commodities, especially when the big money is still rotating out of commodities and into other sectors (like tech, retail and financials). It can be dangerous to you pocketbook. I am talking about stocks like TIE, NEM, and oils.
The only commodity i play is VLO.
ANGN is on fire! Coiled spring is what i think it is. It shall see $10 in short order. Way too cheap a stock.
I know you guys are all excited about this company, but it really might help if you called them to try to understand the business, I did, and here is what I found out:
The earnings were the sole result of one contract to a clinical research client, it is non-recurring and is OVER.
Their ability to earn money going forward will depend entirely upon their success at selling more into this vertical.
They have no intellecutal property. They assemble and ship, that it. They have large, and good competitors like Sensormatics.
Their earnings going forward will be LUMPY, owing to the timing of new contracts. you cannot extrapolate the .17 from last quarter to value this company, because you will be Incorrect!!!
Do some homework before you risk your money based on a chart....sorry...
I've known this company for a long time, and nothing new has changed to make it worth any more than in the past, so they sold a few machines to a Clinical Research organizaiton, they are not going to do that every quarter, and certainly not this quarter, get out while you can.
B.t.w. the CFO is out on vacation this whole week, just in case you thought something big was going on....it's not...
anonymous,
why i believe ANGN is headed higher is because of this:
http://finance.yahoo.com/q/is?s=ANGN&annual
, which shows revenue growth.
What i like even more is this:
http://finance.yahoo.com/q/is?s=ANGN
, which shows positive earnings for the last 4 quarters.
That being said, i am not interested in ANGN longer term because i don't know what it is they have that is proprietary.
Beanie readers, if you bought this morning, you are now all profitable - which means you are now on your own. The stock is already up 30% today; thus you might want to take some short term profits tomorrow on any rise. Intermediate term, i see the stock trading above $10.
I will no longer mention this stock, mainly because i am not excited about their business (it's a medical stock) even though i think the stock is cheap. You should do some due diligence on ANGN to see if that is what you want to hold longer term.
I did some research on another stock which i am very excited about in regards to their future potential. It will be posted tomorrow morning.
Good nite.
CRM: That fraud downgrade was good for those who want to accumulate the stock.
CRM is the next Oracle in the making, imo
Beanie,
I bought 218 shares of GIGM at 10.79
using margins. How long do you think I should hold on? I expect it to bounce up again to 11-12 in a week or two. What do you think?
SGV,
you might want to be careful with GIGM in the short term because of the recent law that got passed. With that said, the stock is still trading above the 50dayMA at 9.79 . If it breaks thru the 50dayMA, GIGM may see the 200dayMA at 7.50 area.
SGV,
Sometimes big news can really hammer a stock. In this case, the whole sector got hammered. We'll see how it plays out.
I don't own this stock so i don't watch it everyday.
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