This bullish chart had dip,may have missed a good buy point.
The action in FORD on Friday was good and looks to be setting up to get in long again.
;D
POMPANO BEACH, Fla., Jul 05, 2005 (BUSINESS WIRE) -- Forward Industries, Inc. (FORD, Trade), designer and distributor of custom carrying case solutions, today announced that it was added to the new Russell Microcap(TM) Index. The Russell Microcap Index is comprised of the smallest 1,000 securities in the Russell 2000(R) Index plus the next 1,000 companies below the Index based on total market capitalization. More than $2.5 trillion in assets are benchmarked to Russell Indexes, including more than $450 billion invested in passive index funds that use them as a model.
Jerome E. Ball, Chairman and Chief Executive Officer of Forward, commented, "We are pleased to be named to the new Russell MicroCap Index. We believe this will increase Forward's visibility with investors and institutions that rely on the Russell Indexes as a key part of their investment strategy."
About Forward Industries
Forward Industries, Inc. designs and distributes custom carrying case solutions primarily for cellular phones and home medical diagnostic equipment. The Company sells its products directly to original equipment manufacturers and also markets a line of Carry Solutions under the "Motorola" brand name. Forward's products can be viewed online at www.fwdinnovations.com and www.forwardindustries.com.
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties, identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from those reflected in any forward-looking statements. These forward-looking statements represent the Company's judgment as of the date of the release. The Company disclaims, however, any obligation to update these forward-looking statements.
SOURCE: Forward Industries, Inc.
Forward Industries, Inc.
Jerome E. Ball, CEO, 954-419-9544
or
Investor Relations Counsel:
The Equity Group Inc.
Lauren Barbera, 212-836-9610
[email protected] www.theequitygroup.com
Copyright Business Wire 2005
Let's rock...Need some more volume
overall I think a nice day for this one. 8)
FORD announced blowout earnings of .33/share, over 7 times a year ago. On this news, I bought a chunk at 22 and it's proceeded to break the all-time high of 23.38. Now, the fundamentals look awesome and the chart is beautiful. I'm holding FORD as a swing trade with appropriate stops.
Forward Industries Reports Record Third Quarter Results: Net Sales More Than Double.
Very well done FORD.
Forward Industries Reports Record Third Quarter Results:;...
POMPANO BEACH, Fla., Jul 25, 2005 (BUSINESS WIRE) -- Forward Industries, Inc. (FORD, Trade), a designer and distributor of custom carrying case solutions, today announced record results for its fiscal third quarter and nine months ended June 30, 2005.
Fiscal Third Quarter 2005 Financial Highlights - Compared to fiscal third quarter 2004:
-- Net sales increased $7.86 million or 150% to a record $13.11 million.
-- Cell phone product sales increased $7.23 million or 324% to $9.46 million, driven by three major "in-box" programs with Nokia and Motorola.
-- Overall demand for diabetic cases remained strong as sales rose $480,000 or 20% to $2.84 million.
-- Sales of other carrying solutions rose $140,000 or 21% to $810,000.
-- Net income increased more than seven times to a record $2.57 million or $.33 per diluted share, from $346,000 or $.05 per diluted share.
Fiscal Nine Month 2005 Financial Highlights - Compared to the nine months ended June 30, 2004:
-- Net sales increased $18.52 million or 126% to a record $33.26 million.
-- Cell phone product sales increased $16.11 million or 256% to $22.41 million.
-- Revenues from diabetic cases rose $1.50 million or 22% to $8.31 million.
-- Sales of other carrying solutions increased $910,000 or 56% to $2.54 million.
-- Net income increased more than fivefold to a record $5.95 million or $.82 per diluted share, from $1.03 million or $.16 per diluted share.
The tables below set forth the Company's unaudited, condensed consolidated statements of income for the three- and nine-month periods ended June 30, 2005 and 2004, the unaudited, condensed consolidated balance sheet as of June 30, 2005, and the audited, consolidated balance sheet as of September 30, 2004 and are derived from the Company's unaudited, condensed consolidated financial statements included in its Form 10-QSB filed today with the Securities and Exchange Commission. Please refer to the Form 10-QSB for complete financial statements and further information regarding the Company's results of operations and financial condition relating to the three- and nine-month periods ended June 30, 2005, as well as the Company's Form 10-KSB for the fiscal year ended September 30, 2004 for additional information.
Jerome E. Ball, Chairman and Chief Executive Officer of Forward, commented: "In the third quarter we achieved substantial revenue increases across all of our product lines. We are especially pleased with the strength of our OEM cell phone product sales, which continue a trend of sharp, sequential revenue increases established in the first quarter of our 2005 fiscal year to levels that are well above historical norms. This revenue trend was largely driven by three major "in-box" programs (two with Motorola and one with Nokia), which comprised 61% and 56% of our net sales for the three-and nine-month periods ended June 30, 2005, respectively; one of these programs alone accounted for 47% and 39% of revenues in such respective periods. Based on current confirmed and anticipated orders for existing "in-box" programs, we expect this trend of increasing revenues to continue into our fourth fiscal quarter. Whether this trend continues beyond that period depends on the timing of the decline of the product cycle for these three programs as well as on the strength of new in-box business that replaces them, which is difficult to assess at this time."
Mr. Ball continued, "Our robust sales growth and relatively fixed cost structure enabled us once again to decrease operating expenses as a percentage of sales to 11% in the third quarter from 27% in the prior year's quarter. The growth in our top line, coupled with a relatively modest increase in operating expenses, produced the highest quarterly diluted earnings per share in the Company's history of $.33. Our earnings per share increase from the 2004 quarter is even more remarkable when you consider that our weighted average shares increased 19% and our tax provision increased $661,000."
Mr. Ball further stated, "With regard to the Company's financial position, we closed the third quarter with $10.3 million in cash, no long-term debt, and working capital of $17.2 million. During the quarter, Forward received nearly $1.4 million from the exercise of stock options granted under our 1996 Stock Incentive Plan, thus further strengthening our cash position. Approximately 660,000 stock options held by executives and other employees are presently in the money and are expected to be exercised, including 370,000 options that expire on or before December 31, 2005. The exercise of these options would have a further dilutive effect on earnings per share in future quarters."
Mr. Ball concluded, "We look forward to reporting our results for our fiscal 2005 fourth quarter, which will complete a record-breaking year."
Forward Earnings Surge
By TSC Staff
7/25/2005 12:53 PM EDT
Forward Industries (FORD:Nasdaq - commentary - research) surged Monday after the maker of cell-phone carrying cases posted strong third-quarter numbers.
For the quarter ended June 30, the Pompano Beach, Fla., company earned $2.6 million, or 33 cents a share, up from the year-ago $346,199, or a nickel a share. Sales surged 150% from a year earlier to $13.1 million.
Forward shares continued their strong recent run. The stock, which traded for as little as $1.90 a year ago, jumped $4.35 in hefty volume to $24.34.
"We are especially pleased with the strength of our OEM cell-phone product sales, which continue a trend of sharp, sequential revenue increases established in the first quarter of our 2005 fiscal year to levels that are well above historical norms," said CEO Jerome Ball. "Based on current confirmed and anticipated orders for existing 'in-box' programs, we expect this trend of increasing revenue to continue into our fourth fiscal quarter. Whether this trend continues beyond that period depends on the timing of the decline of the product cycle for these three programs as well as on the strength of new in-box business that replaces them, which is difficult to assess at this time."
The company said the revenue gains are being driven by two deals with Motorola (MOT:NYSE - commentary - research) and one with Nokia (NOK:NYSE - commentary - research). The company said those programs accounted for 61% of sales for the latest quarter, with one program alone accounting for 47% of revenue.
Excellent job with this pick setravis.. (applaud 99) :) welcome to the 100 club soon... you well deserve it. Great post quality.
Have a good week bud ;D
Thanks for the kind words G.
I have been very busy,and haven't been able to be on 3SOF very much the last week.
Just sort of lucky to be online today a bit.
Have a good week trading,and lot's of luck! "of course you don't need that".
Make a million $$$$$$$$$
FYI, FORD is featured at http://www.investorsblog.net/ today:
Stock of the week :: Its not Texas Instruments, its not Motorola ...
July 26, 2005, 12:35 am
Posted by AJ in Stocks to watch
Rating: 0/5 Votes : 0
Forward Industries (FORD) reported incredible quarterly results today. Their sales more than doubled and earnings more than tripled! FORD makes cases for cell phones, medical devices and portable electronic products. Thank god we are not talking about the car maker here!
Guess what Nokia and Motorola has said about their cell phone business. That their handset business is strong as ever (even though Nokia reported a terrible quarter its seeing nice growth in number of handsets sold). That is their biggest strength and their biggest weakness; Motorola and Nokia account for 61% of their revenues. Any downturn in cell phone demand would hurt this stock. But for right now, that doesn't seem to be the case. And it is right now in a nice place to buy too!
Inspite of FORD rising like crazy, its RSI is still at 65.8 which means it has quite a ways to go before reaching the so called oversold territory! I expect FORD to go up big in the coming few weeks and any pull back to its previous high 23.38 would mean an instant buy. It should go up in the next couple of days and then we will hopefully see a pull back.
Also, FORD's price just blasted off its 50 DMA which means its definitely not over extended. The last time it did that was on April 21st 2005, and guess what its price rocketed from its 15 level to over 23.
Good luck tomorrow!
;D
FORWARD INDS INC (NasdaqSC:FORD) Delayed quote data
Last Trade: 26.07
Trade Time: 1:58PM ET
Change: 1.27 (5.12%)
Prev Close: 24.80
Open: 25.00
Bid: 26.00 x 900
Ask: 26.08 x 100
1y Target Est: N/A
Day's Range: 24.70 - 26.60
52wk Range: 1.90 - 25.59
Volume: 1,026,203
Avg Vol (3m): 1,296,700
Market Cap: 176.68M
P/E (ttm): 26.90
EPS (ttm): 0.97
Div Yield (ttm): N/A (N/A)
End of the day chart.
One word says it all....Bullish
Look who is kicking up dust in the pre-market.
It's my birthday and this baby is going to give me something.
+$1.64 or 6.13% pre-market
Keeps doing that steady move up. :o
An after lunch move...
+4.90%.....Volume @ 524,295 and moving
FORD is now on the BUYINS Imminent List
***********************************************************
Shorts swarm Forward shares after Razr rally
Thu Aug 25, 2005 05:04 PM ET
By Scott Malone
NEW YORK, Aug 25 (Reuters) - Short-sellers are moving in on the soaring shares of Forward Industries Inc. (FORD.O: Quote, Profile, Research) , a maker of mobile-phone cases.
Its stock has surged more than sixfold this year, but shorts argue the company is overly reliant on a case for Motorola Inc.'s (MOT.N: Quote, Profile, Research) trendy Razr phone.
Short interest in the shares rose 23.2 percent in August, according to Nasdaq data released on Thursday. The exchange reported that 2.6 million Forward shares were held short, representing 37 percent of the 7 million shares outstanding.
Short sellers bet on declining share prices. They borrow shares and sell them, hoping to buy them back later at a lower price and pocket the difference.
Forward's shares ended 2004 at $4.18 and rocketed as high as $29 on Aug. 3. On Thursday they closed at $23.22, off 23 cents for the day.
One investor with a short position in the shares said he believes the company is overdependent on its Razr case. That product, which is shipped in the box with Razr phones, accounted for 39 percent of Forward's revenues for the nine months ended June 30, according to a filing with the Securities and Exchange Commission.
"That's a trend," said the trader, who spoke on condition of anonymity. "Those cell phone manufacturers usually have the hottest phone for six to nine months and then somebody else has got the better thing."
Calls to Forward seeking comment were not returned on Thursday.
Forward also produces cases for phones made by Nokia (NOK1V.HE: Quote, Profile, Research) , the world's No. 1 cell phone maker. Motorola is No. 2.
The Motorola business helped the company post nine-months earnings of $6 million, up from $1 million a year earlier. Revenues were $33.3 million, more than double the $14.7 million posted a year earlier. The shares are currently trading at a price-to-earnings ratio of 24.
"You're paying a high multiple for a company with a fickle outlook with very, very short visibility," the investor argued.
© Reuters 2005. All Rights Reserved.
End of day chart.
Technicals
Last Price Quote is:
-4.39%below 13-day EMA
2.71%above 50-day EMA
RS Rating: 77
Fundamentals
Key Data:
Market Cap (M): $174.87
P/E Ratio: 24.96
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Starting to make a move up in the last hour.
+4.91%......Volume....564,665
very active this morning
+6.63%......Volume @ 492,889
FORD Kicked ass today...... :D
Breaking out of major resistance......
At the bottom of Bullish Channel and breaking out of resistance with big volume to back it.
Support @ $25.02.....23.25....21.93
Resistance @ $27.39....28.39....29.49
Technicals
Percentage Gainer
Last Price Quote is:
14.77%above 13-day EMA
22.19%above 50-day EMA
RS Rating: 87
bizjournals.com
Forward exec uses options to generate cash
Thursday September 8, 9:05 am ET
The president and chief operating officer at Forward Industries kicked off this month by adding $442,600 to his bank account.
Michael Schiffman reported using stock options to buy 20,000 shares in the Pompano Beach-based carrying case designer and distributor, Sept. 1. The same day, he said he sold the shares for an average $25.38 a share, or more than seven times the $3.25 a share he paid.
For Sept. 1, the day of the transaction, the money Schiffman received for his shares was within the market range.
The transaction left the officer with the same 302,427 directly held Forward (NASDAQ: FORD - News) shares he'd had before the deals.
Schiffman has been Forward's president and COO since 1998, following his tenure as executive vice president starting in 1992. Before that, he held various jobs with the company, starting as a salesman in 1985.
The executive has also been a Forward director since 1992.
Last year, the company reported paying him a $300,000 salary and $88,800 bonus. The salary was down $10,000 from the year before, while the bonus saw a $26,200 dip.
Shares closed Wednesday at $26.25. The 52-week high was $29 on Aug. 3. The 52-week low was $2.02 on Oct. 28.
Published September 8, 2005 by the South Florida Business Journal
Moving on up...... ;D
Bought FORD for a daytrade.
Bid-11.02
Ask-11.05
Sold off on lowered guidance,rebounding some now.
Related Quotes
Sym. Price Chg.
FORD Trade
News 11.33 -3.39
Forward Industries sees lower 1st quarter earnings
December 23, 2005 10:03:17 (ET)
NEW YORK, Dec 23 (Reuters) - Forward Industries Inc. (FORD,Trade), a maker of mobile-phone cases, said on Friday it expects lower first-quarter earnings and revenue due to delay in shipments and pricing pressure.
The Pompano Beach-based company said it now expects profit for its first quarter ending Dec. 31 of 8 cents to 12 cents per share, on revenue of $8.3 million to $8.7 million. The company had earned 21 cents per share on revenue of $8.9 million in the prior-year quarter. It also said number of shares outstanding rose about 20 percent from last year.
Great bounce play from $10's to $11's ;D
Entered this AM @ 9.62. Seems like a great bottom play. I couldn't pass this up. Hopefully get some shorts covering and get this off the buyins.com naked list ;)
Doubled position at 9.10 this am. Hope this run goes and gets shorts covering. Should launch more once that happens.
Went long 1000 @ 9.12. The next big up day in the markets, the shorts will start covering.I think next week being the first week of the new year the markets will see a nice rebound from this weeks sell off.Happy New Year. ;D
stopped out at 8.99 while at lunch. That sucked. :(
Quote from: stocks2watch2 on December 30, 2005, 11:13:11 AM
Went long 1000 @ 9.12. The next big up day in the markets, the shorts will start covering.I think next week being the first week of the new year the markets will see a nice rebound from this weeks sell off.Happy New Year. ;D
Looks like they may be covering,up .41.
Bid-9.30
Ask-9.31
Volume-636,000
Markets making a nice first of year rally ;D
FORD....Looks like the shorts are still covering,no new news that I can find.
I'll probaly sell today, good luck to anyone still holding.
Bid-9.58
Ask-9.60
Quote from: stocks2watch2 on December 30, 2005, 11:13:11 AM
Went long 1000 @ 9.12. The next big up day in the markets, the shorts will start covering.I think next week being the first week of the new year the markets will see a nice rebound from this weeks sell off.Happy New Year. ;D
stocks2watch you sure hit the markets rally right. Did you sell ford its not moving very much today and the markets are up. keep up the good work.
Yes I sold yesterday @ 9.68, in and out twice with a profit ;D. Not gonna get gready. I'll continue to watch it for a possible future play.
The markets have had a nice little rally this week, and they may be a little over extended now. Watch for a sell off tomorrow.
Ford making a move today - could test top of red candle on left in a little time
http://tinyurl.com/956zd
closer view
http://tinyurl.com/76u7y
Oversold......
I like the way it is bouncing back.
Was this ever beat up, but you can make that into a great
opportunity here.
If you like to see a good example of short-covering, see TRLG
the lst few days. That may happen here !! ;D
Volume: 1,324,161
Avg Vol (3m): 966,235
I grabbed 1000 shares. Don't know what will happen with the market. 11,000 seems to be the make/break it point for the DOW.
OK... FORD is back in business, I think it's time to take position & make profit from it, I just sold some of my holdings & bought FORD instead.. I'M in @ 10.90 ;)
wish me luck!! :D
FORD is looking good... currently up 5.85% ;)
And then a bit of a free fall! Man is that irritating!
Profit taking after five good days (nice little run). I hope that's all it is.
uc.
Man, this is crazy ..i'm now in RED >:(
Back in Black!!!
uc.
the way Ford is acting past few days it looks like there is a slow,quiet accumulation going on.
Good comeback after the selloff yesterday... nice!! ;)
Nice going Terlisa.... ;) applaud !
Value... :D
This one is way undervalued. I think the shorts knocked the price down, but the squeeze is on....... ;D
Technicals
Last Price Quote is:
19.45%above 13-day EMA
12.18%above 50-day EMA
RS Rating: 3
Fundamentals
Key Data:
Market Cap (M): $78.61
P/E Ratio: 8.84
PEG Ratio: N/A
Next Earnings: 04/20/2006
Last Analyst Rating: N/A
Quote from: setravis on March 29, 2006, 05:50:00 PM
Value... :D
This one is way undervalued. I think the shorts knocked the price down, but the squeeze is on....... ;D
FORD chart 3:
I thought that Ford reported on the Friday the 21st,
With the jump in the price I assume it was a favorable report.
I see no news on the web site.
If it clears the pivot point at 11.75, the next significant resistance is in the $17.00/$19 region.
Agree with you Terlisa, FORD is fundamentally undervalued and technically about to POP! JMHO, of course
Volume: 1,455,734
Avg Vol (3m): 357,995
Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
9.63%above 13-day EMA
9.15%above 50-day EMA
RS Rating: 21
Fundamentals
Earnings Expected on Apr 21
Key Data:
Market Cap (M): $86.48
P/E Ratio: 9.72
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Can't find a date for earnings. They did post on the 21st last year. Last quarter was reported on feb 02, so maybe early may. Up a little this morning, come on $11.84 and beyond.
uc.
Earnings report out tomorrow (April 26th). To hold or not to hold, that is the dilemma. Any opinions would be welcome.
uc.
Quote from: usedcasting on April 25, 2006, 11:31:59 AM
Earnings report out tomorrow (April 26th). To hold or not to hold, that is the dilemma. Any opinions would be welcome.
uc.
uc,
FORD looks to be forming a 4-month Inverse H&S pattern. The width of the pattern doesn't look good enough to go up against that big top from late 2005, but if it breaks out to the upside, it would put Target: 15.50 IN PLAY, which is below the low the big top. So, it's got "room" to make the target.
If I held FORD through earnings, I would sell any indicated opening below 9.30, right or wrong. That's the low of the Right Shoulder on April 5, and if it gets violated, it would suggest more downside, possibly below the recent lows of 8.05, if it gets ugly on heavy volume.
That doesn't seem likely, since others in this folder feel that it's undervalued, fundamentally, but that's how I'd play it, technically, on a break of 9.30.
If the report is good, and if FORD really is undervalued, it would seem much more likely that it would gap higher in response to earnings, above the neckline of the Inverse H&S bottom, which would be a technical confirmation of the fundamental undervaluation. Especially a "Gap And Go" on volume.
"Oops! We had this wrong. FORD is worth a lot more than this!"
Good luck with your decision, uc!
Cheers Melf, thanks for your review.(Appl). They are reporting after 6:30 tomorrow night. Weird, don't like that.
Thanks again
uc.
Any thoughts on the sell-off?
Anybody want to buy a bag or two, I am holding a few.
Quote from: bmarc4211 on April 25, 2006, 01:52:09 PM
Any thoughts on the sell-off?
bmarc,
Absent news, I'd say it's pre-earnings jitters. A lot of players don't like to hold through earnings, and understandably so, given how stocks can get whacked when they disappoint.
Volume on Friday's big white candle was over one million shares; it's only 540,000 going into the close, so technically, this selloff is alright so far. It isn't any large-scale dumping.
Quote
Anybody want to buy a bag or two, I am holding a few.
We've all had a few armfuls of those and can sympathize. :(
Good luck!
FORD LAST PRICE WAS 6.00 AFTER HOURS REPORTED .01 OUCH ANYWAY TO TRADE IT BACK UPWARDS HERE?
Quote from: bmarc4211 on April 25, 2006, 01:52:09 PM
Any thoughts on the sell-off?
Anybody want to buy a bag or two, I am holding a few.
Very Famous Words...
"Never hold a stock through earnings"... I've been here before & don't want to get burn again ;)
I see this stock is tanking again tonight. :(
This is the one that I lost 35% on over Christmas, and was my biggest loss. It's down 40% this time.
Quote from: hehe3 on April 26, 2006, 08:40:14 PM
FORD LAST PRICE WAS 6.00 AFTER HOURS REPORTED .01 OUCH ANYWAY TO TRADE IT BACK UPWARDS HERE?
hehe3,
Unless you're going to play it off the intraday chart and have some experience with that, I'd suggest staying out of there in these situations, in general.
The $6.00 in after hours could be an overreaction since it only was on about 137,000, but any open below The Right Shoulder of the Inverse H&S pattern, at 9.30, and particularly any open below the Head of the pattern, at 8.05, could get ugly.
A break below 8.05 indicates that:
1. Fundamentally, the market certainly doesn't think that FORD was undervalued at yesterday's 10.25 close, or the stock wouldn't be taking that kind of hit.
2. Technically, the Inverse H&S will have resolved to the downside, so it isn't bullish, and it would put Target: 4.32 IN PLAY, reinforcing the Target: 3.90 already IN PLAY from the December, 2005 breakdown of the Double H&S Top.
3. Everyone who bought FORD after mid-March and is still long will be holding a loser, and many of them will be panicked to sell today, particularly those still holding from prices above the big H&S Top. An 8.05 or lower open today will be their second or third crash experience in this stock (depending upon when they bought it).
As most of you know by now, my own response in these situations is to sell at the market, no questions asked. I definitely won't "double down" on a loser. I take the hit, and move on to something more productive. Each of you who is long will have to decide for yourselves how to handle FORD today, and I wish you good luck. You know that I sympathize with your situation. I've been there before. We probably all have been there.
Finally, I want to applaud Leaira for her honesty in sharing her story about taking the 35% hit in FORD in December, and for taking that hit, "right or wrong." That's never easy for us, but Leaira moved on to more productive plays, and I congratulate her and applaud her for it.
Unfortunately, I'm in this sinking boat with you'all. Sell at the market when? First thing at 9:30AM or around 10:00AM when it can be better or worse, depending on your 9:30 AM decision.
Quote from: wisebuys on April 27, 2006, 06:22:18 AM
Sell at the market when? First thing at 9:30AM or around 10:00AM when it can be better or worse, depending on your 9:30 AM decision.
wisebuys,
That's a tough, tough, decision, and frankly, I think it's a guess.
If it opens at 7.00 at 9:30 and you sell, then it rallies to 8.00 at 10:00, you feel like kicking yourself for not waiting a little. If it opens at 7.00, and you sell, and it drops to 6.00 by 10:00AM, you're very happy that you sold at the open.
Coulda...shoulda...woulda...and, it's very frustrating, trying to guess.
I hate even to suggest anything, for fear of making your situation worse, but if you're deciding between the open and 10:00AM, you could "average out" by selling half at the open, then sell the other half at 10:00.
The risk with that strategy, of course, is if FORD opens at/near its high of the day, then tanks into 10:00. >:(
Whatever you decide, don't be hard on yourself about it. Try to put it behind you, and move on. It's plain difficult to come up with a "good" decision in a situation like this.
Lucky I got out from this crazy stock on april 24... the reason "EARNINGS" I don't like to ride a stock
through earnings, especially when the FLOAT is very low.
FORD Float is just 7.29M (Yahoo)...
Melf Elf, always excellent post (applaud) ;)
Quote from: Melf Elf on April 27, 2006, 05:47:47 AM
Quote from: hehe3 on April 26, 2006, 08:40:14 PM
FORD LAST PRICE WAS 6.00 AFTER HOURS REPORTED .01 OUCH ANYWAY TO TRADE IT BACK UPWARDS HERE?
hehe3,
Unless you're going to play it off the intraday chart and have some experience with that, I'd suggest staying out of there in these situations, in general.
The $6.00 in after hours could be an overreaction since it only was on about 137,000, but any open below The Right Shoulder of the Inverse H&S pattern, at 9.30, and particularly any open below the Head of the pattern, at 8.05, could get ugly.
A break below 8.05 indicates that:
1. Fundamentally, the market certainly doesn't think that FORD was undervalued at yesterday's 10.25 close, or the stock wouldn't be taking that kind of hit.
2. Technically, the Inverse H&S will have resolved to the downside, so it isn't bullish, and it would put Target: 4.32 IN PLAY, reinforcing the Target: 3.90 already IN PLAY from the December, 2005 breakdown of the Double H&S Top.
3. Everyone who bought FORD after mid-March and is still long will be holding a loser, and many of them will be panicked to sell today, particularly those still holding from prices above the big H&S Top. An 8.05 or lower open today will be their second or third crash experience in this stock (depending upon when they bought it).
As most of you know by now, my own response in these situations is to sell at the market, no questions asked. I definitely won't "double down" on a loser. I take the hit, and move on to something more productive. Each of you who is long will have to decide for yourselves how to handle FORD today, and I wish you good luck. You know that I sympathize with your situation. I've been there before. We probably all have been there.
Finally, I want to applaud Leaira for her honesty in sharing her story about taking the 35% hit in FORD in December, and for taking that hit, "right or wrong." That's never easy for us, but Leaira moved on to more productive plays, and I congratulate her and applaud her for it.
Quote from: Terlisa on April 27, 2006, 10:17:14 PM
Lucky I got out from this crazy stock on april 24... the reason "EARNINGS" I don't like to ride a stock
through earnings, especially when the FLOAT is very low.
FORD Float is just 7.29M (Yahoo)...
Alister,
Whew...I'm glad that you were out of there!
Right before earnings came out, I began studying your MACD Histogram Weekly Uptick and Downtick Signal. Yesterday didn't seem appropriate to present my results to you, but now that things have settled a little, you might find this interesting.
Irononically, I began with the first "buy signal" (an uptick in the MACD Histogram) in 2005, which came on January 21, with the weekly close
6.38. Ironic because I had finished the study after earnings came out, when FORD was at 10.25; it closed yesterday at
6.26, for just about a "dead even" since January 21, 2005.
As you can see from this MACD chart, there were a lot of upticks and downticks, or "buy and sell/change in trend" signals. I only used the "buy" signals, and didn't factor for shorting the "sell" signals.
There were 10 "buy/change in trend" signals since January, 2005. Yesterday's close gave a "sell/change in trend" signal in the weekly histogram, to close out the weekly "buy/change in trend" at 10.38, on January 13, 2006.
Result From The 10 Signals:
FORD is down 1.9% from January 21, 2005.
Taking the 10 MACD Histogram Buy/CIT Signals for the same period results in a loss of 37.4%.
You see why I said that this signal might work well in a particular stock, but advised caution using it.
In the case of FORD, the weekly MACD Histogram gave 20 Upticks and Downticks "change in trend" signals for the period (January, 2005 to present). That's far too many signals. In the first half of 2005, FORD was in a strong uptrend. All of those signals were "whipsaws," having us in and out and in and out, when we just should have been IN.
;D
What you want to do, Alister, is this:
1. Look at the MACD itself. During the first half of 2005, its above zero, and its above its signal line. There is no indication whatsoever of any problem.
2. Look at all of the upticks and downticks in the histogram in the first half of 2005. That's called "technical noise," and it should be ignored.
3. The first sign of possible trouble was in June, 2005, when MACD went below its signal line. "MACD gave a SELL signal!!!"
No, it didn't.
In a strong uptrend, that first signal "usually" is NOT a sell, and in this case, it wasn't.
That signal signal came when FORD was at 19.47. FORD
already had put in a LOW the week before, at 15.90!
4. Where the MACD indicates "possible" technical trouble, is at those two negative divergences in August and September, 2005, and that's where your histogram downtick "sell signal/change in trend" can help you.
The MACD itself, on two occasions, had negative divergences, then ticked below its signal line, and on both occasions, the histogram confirmed it, by also ticking down.
The first one was August 19, 2005: SELL at 24.75.
The second one was September 15, 2005: SELL at 25.05.
Either one of those would have been a good place to sell. What confirms those signals, is when price breaks below the neckline of the first H&S Top, in late September, 2005.
In this case, the Weekly MACD and Histogram was a nice "lead indicator" of trouble ahead.
Good luck with the MACD histogram, Alister. I appreciate your charts and the hard work that you put into them. Applause. We're all still learning, and I very much enjoy sharing our work, and helping each other out. Thanks for all of your help.
FORD: Short Interest DN 14.2% to 1.8M in May 2006
Wednesday, May 24, 2006 16:18 ET
According to new short interest data from NASDAQ, short interest for Forward Industries, Inc. (NasdaqSC: FORD) DECREASED 14.2% to 1,822,724 shares for the month ended mid-May, 2006.
SYMBOL APRIL MAY CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
FORD 2,123,581 1,822,724 -300,857 -14.17% 5
Based on FORD's 20-day average daily share volume of 406,528, it would require approximately 5 day(s) of buying to cover this short interest.
Quote from: Melf Elf on April 27, 2006, 05:47:47 AM
2. Technically, the Inverse H&S will have resolved to the downside, so it isn't bullish, and it would put Target: 4.32 IN PLAY, reinforcing the Target: 3.90 already IN PLAY from the December, 2005 breakdown of the Double H&S Top.
The 4.32 target that went IN PLAY on April 27 earnings on the downside takeout of the Inverse H&S Bottom MADE this morning. The low so far was 4.28.
Mean, mean market. :P >:D
no news, BO >:D
FORWARD INDS INC (NasdaqCM:FORD) Delayed quote data
Pre-Market (RT-ECN): 6.28 0.38 (6.44%)
Chart looks to have bottomed,
Fundamentals better than chart !
Technicals
Close Above the 50-day EMA
Percentage Gainer
Last Price Quote is:
29.60%above 13-day EMA
6.89%above 50-day EMA
RS Rating: 3
Fundamentals
Key Data:
Market Cap (M): $32.62
P/E Ratio: 4.78
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Nice move to the upside from the $4.00 area.
Close above and bouncing off the 50-day MA.
Volume back up nicely.
Volume: 1,782,417
Avg Vol (3m): 318,181
Technicals
Close above the 50-day EMA
Percentage Gainer
Last Price Quote is:
34.31%above 13-day EMA
16.47%above 50-day EMA
RS Rating: 6
Fundamentals
Earnings Expected on Jul 24
Key Data:
Market Cap (M): $44.18
P/E Ratio: 6.47
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
updated chart .....
Short Squeeze !
With a small share structure of 7.86 million outstanding,
7.29 million in the public float
OverSold and Under Valued
Volume: 2,807,000
Avg Vol (3m): 342,219
Technicals
Close Above the 50-day EMA
Last Price Quote is:
33.62%above 13-day EMA
20.77%above 50-day EMA
RS Rating: 7
Fundamentals
Earnings Expected on Jul 24
Key Data:
Market Cap (M): $44.18
P/E Ratio: 6.47
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Talk about not wanting to hold stocks through earnings, after a sharp rally to the $7s, just below $8 resistance, FORD has had another punishing selloff back to the $4s.
FORD is getting hammered down every earnings :(
Look at that, almost giving it back all its gains from 2005 rally :(
Quote from: Terliso on July 31, 2006, 04:28:34 PM
FORD is getting hammered down every earnings :(
Look at that, almost giving it back all its gains from 2005 rally :(
Alister,
Brutal.
Great example of a parabolic rally...and a parabolic return. >:(
Also a great example of "cheap can get a lot cheaper," and of "if the chart isn't telling the same story about "good fundamentals," and "oversold," defer to what the chart is telling you.
FORD's sales were down a whopping 44% in this report. "First the chart...then the bad news."
UGH. :(
Back above the 13-day and 50-day MA.....
volume surge, price action.
Volume: 1,963,550
Avg Vol (3m): 320,278
Technicals
Percentage Gainer
Last Price Quote is:
26.22%above 13-day MA
9.83%above 50-day MA
RS Rating: 83
Fundamentals
Key Data:
Market Cap (M): $33.49
P/E Ratio: 7.39
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Quote from: setravis on August 24, 2006, 04:08:03 PM
P/E Ratio: 7.39
setravis (or anyone else),
Do you think that P/E ratio is accurate? Your chart says the P/E is 9.08, which still is very low. FORD has been such a horrible earnings disaster this year, it makes me wonder, but if it is accurate, it might be worth watching it more closely.
That said, FORD completed THREE Bearish Patterns today. :(
1. Bear Flag Top - Gapped down at the open.
2. Bearish H&S Top - Broke down this morning
3. Bear Flag - Broke down this afternoon
can I say FORD ..is going to forming the Ascending Triangles in day chart? today close at 5.37, up 7.83%...after market now is at 5.52.
Melf, I don't know if the P/E ratio is accurate.
Fataunt, Looks it may have put in a double bottom.
Volume: 1,370,359
Avg Vol (3m): 354,860
52wk Range: 4.03 - 29.85
Technicals
Close above the 50-day MA
Percentage Gainer
Last Price Quote is:
17.70%above 13-day MA
7.30%above 50-day MA
RS Rating: 42
Fundamentals
Key Data:
Market Cap (M): $39.15
P/E Ratio: 8.64
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Quote from: setravis on August 28, 2006, 08:21:22 PM
Melf, I don't know if the P/E ratio is accurate.
setravis,
Okay, thanks. I've been wondering how this chart could look so horrible if the P/E is 8 or 9, but I can't find anything on estimates.
For the recent 9 months vs. same 9 months last year, earnings were down dramatically
"For the nine months ended June 30, 2006, net sales were $22.4 million, compared to $33.3 million in the nine-month period ended June 30, 2005. Net income was $1.1 million versus $6.0 million, and
earnings per diluted share were $0.14, compared to $0.82. The nine-month results were impacted by the factors stated above.
Mr. Ball concluded, "The Company's financial position remains very solid, with cash of $17.3 million,
no long-term debt , and working capital of $24.3 million at June 30, 2006."
At least the "no long-term debt" part sounds good.
Chart-wise, the 4.32 target MADE, and although the 3.90 target from the big H&S Top didn't quite make, we got 4.03 and 4.05 for a possible double bottom, which is 99% of the target from the breakdown above $17.
When two targets get MADE in a relatively close price area (4.32 and 3.90, in the case of FORD), I start thinking about a move in the other direction, especially when a pattern begins to emerge, like this double bottom possibility at 4.03 and 4.05.
The Ichimoku Kinko Hyo chart also is shaping up nicely for a possible rally (next post).
That's why I was interested in the earnings, wondering why this looks so grossly undervalued on the P/E below 10.
Ichimoku Kinko Hyo Chart ("At A Glance...The Table Of Balance").
FORD printed 5.00 this morning, right in that 4.995 - 5.03 support zone on the Ichimoku Kinko Hyo chart (see last post).
Quote from: Melf Elf on September 05, 2006, 10:34:00 AM
FORD printed 5.00 this morning, right in that 4.995 - 5.03 support zone on the Ichimoku Kinko Hyo chart (see last post).
5.00 was the low this morning. FORD now is has gone green, and also has put in a new high on the day. I like that.
FORD currentily is BID 5.22...ASK 5.25.
If FORD can close it out near here, we'll have a Bullish Doji Star Hammer in place, with the bottom of the tail today at Tenkan-sen and Kijun-sen support, 4.995 - 5.93 (See Ichimoku Kinko Hyo chart posted this morning).
Melf, Thanks for the work on the update.
Keep up the good work.....Applaud ;)
Quote from: setravis on September 05, 2006, 08:48:34 PM
Melf, Thanks for the work on the update.
setravis,
Sorry that I wasn't able to find any estimates on earnings. Those gaps down this year on earnings make me a tad nervous, but I went ahead and bought it yesterday morning on the test of 4.995 - 5.03 support, which held nicely right at 5.00. I'm happy with yesterday's Drangonfly Doji candlestick. We'll see if she's got any upside here.
Good luck if you have it. ;)
Quote from: Melf Elf on September 06, 2006, 01:50:35 AM
I went ahead and bought it yesterday morning on the test of 4.995 - 5.03 support, which held nicely right at 5.00.
It's been bumpy, but FORD is getting a pop today, currently up 18%.
Sold ½ FORD at 5.58. Gain: 10.9%
FORD rallied to 6.05 yesterday, completed a Symmetrical Triangle to the downside, and dropped almost 12%, to 5.34, from the 6.05 high on the day.
Possible H&S Top forming on the intraday. Head would be yesterday's Symmetrical Triangle. Neckline: 5.29 and 5.34.
Raising stop on remaining ½ to 5.33.
Quote from: Melf Elf on September 15, 2006, 07:36:07 AM
Sold ½ FORD at 5.58. Gain: 10.9%
Sold remaining ½ FORD at 5.70. Gain: 13.3%. Gain on the trade: 12.1%
This is looking suspiciously like the Right Shoulder of a H&S Top. I decided to sell into strength here, especially with the QQQQ pushing up against resistance (See World Indices folder, QQQQ folder, if interested).
Quote from: Melf Elf on September 15, 2006, 10:00:54 AM
Quote from: Melf Elf on September 15, 2006, 07:36:07 AM
Sold ½ FORD at 5.58. Gain: 10.9%
Sold remaining ½ FORD at 5.70. Gain: 13.3%. Gain on the trade: 12.1%
This is looking suspiciously like the Right Shoulder of a H&S Top.
FORD completed the Right Shoulder, looks to have gone into a Bear Flag, broke the neckline and Bear Flag, then broke the 5.29 low of the pattern.
Company disappointed investors this year.
Recovered from lows, but, has been unable to get out of consolidation pattern.
Things may be looking better,
But still don't like the way it is hovering around the MA's with failed penant after failed penant, may revisit lows again before something positive breaks for this one.
Looks to be wanting to breakout from this,
Symmetrical Triangle (continuation) Pattern......
Recent CandleStick Analysis
Very Bullish
Oct-19-2006 Bullish Engulfing
Support @ $5.69...5.60...5.39
Resistance @ $6.10...6.70
52wk Range: 4.03 - 26.40
Volume: 2,240,588
Avg Vol (3m): 371,464
Technicals
MACD is Bullish
Percentage Gainer
Last Price Quote is:
9.01%above 13-day MA
11.37%above 50-day MA
RS Rating: 19
Fundamentals
Key Data:
Market Cap (M): $40.25
P/E Ratio: 8.89
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
This one is being followed by James Boric from Agora financial, says its 1 of 6 must own because of growth potential..............
These guys have good following might be the cause for the recent runup.
Quote from: Holygrale on October 21, 2006, 02:56:16 PM
This one is being followed by James Boric from Agora financial, says its 1 of 6 must own because of growth potential..............
These guys have good following might be the cause for the recent runup.
Holygrale,
Thanks for posting that. Applause.
Back in late August early September (if you care to scroll up), setravis and I were trying to figure out if the fundamentals were as good as they appeared to be. setravis' chart had a P/E of 7, I think, and I saw 8 or 9 somewhere else.
Quote from: Melf Elf on September 05, 2006, 05:20:18 AM
Quote from: setravis on August 28, 2006, 08:21:22 PM
Melf, I don't know if the P/E ratio is accurate.
setravis,
Okay, thanks. I've been wondering how this chart could look so horrible if the P/E is 8 or 9, but I can't find anything on estimates.
For the recent 9 months vs. same 9 months last year, earnings were down dramatically
"For the nine months ended June 30, 2006, net sales were $22.4 million, compared to $33.3 million in the nine-month period ended June 30, 2005. Net income was $1.1 million versus $6.0 million, and earnings per diluted share were $0.14, compared to $0.82. The nine-month results were impacted by the factors stated above.
Mr. Ball concluded, "The Company's financial position remains very solid, with cash of $17.3 million, no long-term debt , and working capital of $24.3 million at June 30, 2006."
At least the "no long-term debt" part sounds good.
Chart-wise, this is looking eerily similar to what it looked like going into April earnings, when we had the possibilitity of a Bullish Inverse H&S pattern. That was a disaster. FORD gapped down below it, MADE the 4.32 pattern target, and darned near MADE the 3.90 target IN PLAY from the November, 2005 break of the massive H&S Top.
Going into October earnings, we've got a nice, bullish-looking 6-month W-Bottom in place. I'll show you a close-up of that next.
For anyone not familiar with a W-Bottom, it looks looks like the letter "W."
The Left Leg is the Green Channel that begins at the April earnings gap down, and ends at the 4.03 low.
The Middle of the "W" is the 7.38 high, right before the July earnings disappointment. Sales were down 44%. That's the "pivot" of the pattern that need to get taken out to the upside, to complete the pattern.
The Right Leg of the "W" is the rally off the 4.05 low.
The Inverse H&S (red circles) formed over 4-months. Everyone still holding up there is playing for The Bears. Many of them want out, and will sell any rally to that level.
This W-Bottom has been forming over 6-months. These candles are playing for The Bulls. So in terms of the width of this base, it's certainly good enough to go up and start attacking 4-months worth of Bears, starting at 8.05 resistance.
The obvious question is, are The Bulls going to get any help from earnings, or is this going to be yet another earnings disaster? :P
Technically, if FORD should gap up and get through the 7.38 "pivot" for the W-Bottom, we'd not only have the W-Bottom breakout, we'd also have a 6-month Bullish Island Reversal. Gap Down from April earnings...Gap Up on October earnings/analyst upgrades?
Target is on the chart.
If you can find out any more about why Boric thinks this is 1 of 6 "must own" stocks, Holygrale, I sure would be interested and would appreciate it.
After these horrilbe gaps down on earnings, given how nice this base looks, it's conceivable that FORD could have that Bullish Island Reversal on a positive earnings surprise.
EDIT: Does anyone know when FORD reports? TIA.
Earnings date isn't confirmed yet but it's probably gonna be the 26th or 27th of Oct!
Quote from: Se7en on October 22, 2006, 07:13:13 AM
Earnings date isn't confirmed yet but it's probably gonna be the 26th or 27th of Oct!
Se7en,
Thanks for that information. ;) Applause.
Heres the write-up.
There are 5,586 small-cap stocks that trade on a major exchange right now. But you should only consider investing in six of them.
Two days ago, I ran my favorite screen looking for solid small-cap companies worth owning right now.
Year-to-date months, the companies I have recommended from this (and a similar) list are up an average of 21% so far. But I expect that number will continue to grow. You see...
********************************
Follow the Insiders to Huge Gains
In case you're not familiar with it, tracking insider buying is one of the best ways to find great investment opportunities.
********************************
Unlike many small-cap companies, these all have solid business plans. They are all making money. They are generating cash from operations. They have little (if any) debt, tons of cash and, most importantly, they have gotten stronger and stronger over the last three-five years.
Each company on this short list had to have:
Positive cash flow in each of the last 3 years.
Rising net income in each of the last 2 years.
Rising net profit margins in each of the last 5 years.
Revenue growth in each of the last 5 years.
More cash than total debt.
Over time, these are exactly the kinds of companies that will make shareholders wealthy. So without further ado, here are the only six companies that currently meet all five wealth-generating requirements:
Forward Industries, Inc. (FORD:NASDAQ): FORD makes cell phone cases, clips and accessories for major manufacturers like Motorola and Nokia. It has a clean balance sheet with $17 million in cash and zero long-term debt. Forward's net income and sales have increased at a 46% and 124% clip, respectively, over the last three years. And the company has been free-cash-flow positive in each of those years as well.
Forward Industries to Announce Fiscal Year 2006 Results on November 16
Tuesday November 14, 5:29 pm ET
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Forward Industries, Inc. (NASDAQ:FORD - News), a designer and distributor of custom carrying case solutions, today announced that the Company will issue financial results for its fiscal year 2006 ended September 30, 2006 on Thursday November 16, 2006 after the market closes.
Good luck to those holding.
uc.
FORD making a big move on volume right now.
Rumor is they were selected by Apple to make their IPhone...from Yahoo boards. I would say shorts are covering just in case it is true.
http://www.engadget.com/2007/01/09/the-apple-iphone/ (http://www.engadget.com/2007/01/09/the-apple-iphone/)