My recent SNTO trade obviously did not work. I sold about 2/3 at $10 and the other 1/3 at 8.80. I’m glad it never closed above that 10.75 area, because I’d have probably added some more. Like many stocks right now, this one is still staggering along. When the broad market environment improves, and if SNTO challenges those May highs, I’ll get interested again.
Here is one that I’m scoping out right now.. Impco (IMCO) makes engines that run off alternative fules like propane & ethanol, so its “story” has a bit of cache these days. The stock looks to have started it’s “Stage 2” but I’d love to see some sideways trading as that 2 month move gets digested.
The fundamentals are pretty solid too.. 1Q2006 sales were 56mm vs 25mm last year.. EPS of .10 vs loss of .12 ..
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