i like PETS.
TA guys tell me what u think.
nice balance sheet / income statement. consistently rising.
MarketWatch
Market Pulse: PetMed profit jumps 75% as sales soar
Monday July 25, 8:13 am ET
NEW YORK (MarketWatch) -- PetMed Express Inc. posted Monday fiscal first-quarter net income of $3.15 million, or 15 cents a share, up from $1.8 million, or 8 cents a share in the same quarter a year ago. The supplier of pet medication said sales for the period ended June 30 rose 24% to $43.6 million. The Thomson First Call average estimate was for earnings of 14 cents a share. The Pompano Beach, Fla. company said it acquired around 217,000 new customers in the quarter compared with 191,000 in the year-ago period. PetMed said the advertising cost of acquiring a new customer was around $35 in the first quarter, down from $41 in the same quarter a year ago. On Friday, the stock was unchanged at $8.80.
pets is moving.
The excellent ibd #s brought PETS to my attention - 98/99/92 a
Could be a $12 stock, but can't seem to get over 10!
People spend crazy money on their pets and this internet/phone pet medicine ordering is working.
PETM also looks good at this point - I can see it doing 5 points more!
It is good to go with the leader in the group, but PETS for sure has a nitch!
http://finance.yahoo.com/q/bc?s=PETM&t=1y
So sayeth the book of Matthew.
got in at $9.06.
wished i bought more as it dropped but i wasn't sure of the direction in the short term.
pets did not move UP after a great earnings report. that is when i bought. then it went down to $8.75 and i did not buy more.
then it took off almost like a delayed reaction after the great earnings report.
Good pick. Applaud. Both fundamentally and technically this stock is a winner. Though I think it will be a creeper then a climber. So need patience with it.
also looking at "OPCO" (www.OurPets.com) though the volume is so low. the financials on OPCO are nice for a penny stock.
what do you do when the volume is low on a penny stock?
do you pass or buy and wait?
Hi Daniel,
Congratulation - your pick has now been officially certified by David :D . I think that deserves an applauds!
Mike
Quote from: Michael on August 02, 2005, 11:49:34 AM
Hi Daniel,
Congratulation - your pick has now been officially certified by David :D . I think that deserves an applauds!
Mike
Exactly, Rocket deserves a nice applaud !
congrats !
i was very sorry when dave sold PETS.
i wanted him to do good on one of my picks.
along with michael i had recommended GIGM which did go up but ended up being a loser for many of us (me included) who held through earnings.
lately my picks have been doing good.
the fundamentals on PETS is very strong.
i would not be suprised to see it go to $15 as someone predicted a while back.
i don't know TA so i can't be sure I am picking a stock that will go up in the short term.
i can only pick a stock whose fundamentals suggest it is undervalued and wait.
i am getting better at recognizing TA graphs though.
and away we go.
On its way to 15 - which will give it much exposure on the IBD 100
http://finance.yahoo.com/q/bc?s=PETS&t=1y
(BTW, two IBD 100 stocks, CUTR and SRLS took MAJOR hits the past two weeks - down about 50% each!! Youch!!)
Looks like a nice defined Wolf Wave developing too. :)
So does the wolfwave say it will go up to......say....15 and change then drop back to 14. That seems to be the channel it is trading in.
Is it a wolf wave because a wolf can be a pet?
Smashed through 15. If it holds the price through Friday, it will be on the IBD 100 giving it added exposure and a boost in price & vol on monday.
Look at IFO to see how the IBD maniacs go crazy over these stocks.
pets has been consistent.
BOUNCING OFF THE LOWER CHANNEL.
should rebound off 14
our pets are happy today!
maxi
Yesterday's closing chart.......