actually, one thing i wanted to look for today was examples of bottoms above pattern boundaries. kind of forgot about it until i saw the pattern in ACW, and was going to quit, but decided to see if i could find some more examples of the pattern, and found this. look at the daily chart, which is the second to last in the group. it's a complex and complete looking bottom above the 2014 high. checking the fundamentals, very consistent earnings, on growing revenues (over a five year period), good p/e ratio, and book value is a little low, given the price ... p/b of 2, where we'd like to see it at 1, but really solid current ratio ... basically, very strong financials to back up the idea that this is a good long term play. oh, it's a company we all know, good old Acme Office Products (Acme United Inc., formerly Acme Shears). pretty cool. if i was looking for investments - safe, sound ones - i'd pick this. hope you don't go crazy and put all your money in on my say so. i'm just saying that, from what i can glean from Ben Graham, Warren Buffett, this looks like their kind of thing. ask you adviser about it!
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an example. double fairly fast twice in a year. notice how in May it went to the top of the earlier big red cascade. oh, and in August it surged out of a rising wedge, then pulled back and made a bottom above the wedge. at that point the price was $1.75, so it's not a double yet, but on the monthly chart the target is 6. f
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targets are $3, $30, $400. revenues are way down and tiny, losses are substantial, but, again, strong balance sheet and trading just above book. more resources from the chat room
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Again, we've lost again and again with these low price stock. The pattern looks very good, but you might want to treat it as a test rather than buying.
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like this a lot. that doesn't mean u should, tho u could. so many losses in stocks that r down, but have also seen them go up ... a lot. i say it looks right. but someone on the chat board wondered if it would go bankrupt. revenues are down but not out, modest losses, and p/b is under 1 ... their balance sheet is strong looking to me. also, seems to me i looked at the company web site years back and liked it a lot. buying a small amount at the bottom of this red bar makes a lot of sense to me ... i'd qualify it as an opportunity. should positively jump to $1 now ... but if it does that, maybe it's headed for old highs again. maybe i'll buy $200 worth and sell half if it goes to $1. (there's also strong resistance at $4, so maybe i'll do $300, sell a third at $1, a third at $4.)
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the monthly chart looks pretty solid to me. it's a decent size company and has made money consistently for several years. p/e is slightly high. total liabilities are about double (a bit above) current assets, but current ratio is very strong.
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might be a smidge early for ABUS ... or not?
what to expect from AAMC?
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Aoxin Tianli Group Inc. farm products, China, black pork, book value $2, p/e 4, reverse split 9/9/2016 f
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