profile ymax fv (10)
wow. great chart. of course we all know those are famous last words for me. great chart, though. anyway, i modified my list reviewer so it now shows monthly charts. actually, in a way, the monthly charts have clearer patterns, like, much clearer patterns. this is typical classic breakout behavior, writ larger. but then i found a number of nifty charts, but when i checked there were no fundamentals. one after another. (fortunately, with these posts, it's now really easy to check).
well, this chart made me think there might be more to it this time, and there was. (that doesn't mean i was right, just lucky.) it's, well, big enough, decent sized. it's in the scrap metal business, operating internationally. it did experience some losses, small by one measure, versus revenues, and then i checked their assets, and the losses, as it turned out (several years of them) were really just a trickle out of current assets. They seem to have a lot of current assets, and they've had a lot year after year. that explains the low price/book ratio, which makes it a Graham buy right there, and then there's this: they made money last year. it was a very small return on assets, but the p/e ratio is absurdly low. just that little bit of profit and, at this price, the stock is ridiculously cheap. Well, here's the deal: when they announce year end results last year, the price jumped from ten cents to two dollars. and this year, they're so far reporting a loss, but they are JUST ABOUT to report the quarterly results - they essentially are now doing so - aaaaaaaaaaand there's this buy signal. well, it's a fake buy signal, but i like it. when is the news coming out? why didn't it jump today? what's it gonna do tomorrow?!
