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Public 3SOF Boards => Penny Stock Picking => Topic started by: doyerdiligence on June 20, 2005, 11:13:49 AM

Title: AACS.OB - Charting an undervalued stock
Post by: doyerdiligence on June 20, 2005, 11:13:49 AM
This company AACS has been showing great technical patterns for quite awhile now. Looks like an accumulation cycle through a
tight range this year of .015 - .035 has been starting to wedge up.
Here is a link for the chart for quick review

http://stockcharts.com/def/servlet/SC.web?c=AACS,uu[w,a]daclyyay[dd][pb50!b32][vc60][iLb12!Lc20]&pref=G

you can see in this chart that it has been building off a great support line of .02 for awhile now- with a wedge pattern building from the peaks of september 04`
and early january 05`, forcing this to coil up nicely. Looking at cash flow from may-june you can see it is increasing significantly, i'm sure this is in anticipation of a breakout.
A break out of .024-.025 could indicate higher highs to come. I will be adding heavy if this happenes.

The company itself is extreamly undervalued trading with Price/Sales 1.39 and Price/Book 1.17 ratios trading barley over 1. Not to mention growing revs from
there wholely owned subsidiarys (IMW & CMC). The company itself is ghostly undernoticed and the CEO seems to recognize this- recent quotes indicate he has taken steps to
highlight their growing revenues and decressing opperation losses. Also has even hinted at a possible move to the AMEX- You can find a letter to shareholders at this link below and i encourage you to read it.
http://www.aacssymbol.com/presidents_letter.asp

AACS's latest annual financials also reveal a revenue increase of over 30%, also losses were 22% less than last year. 1st quarter numbers should be out soon and with their subsidiaries, International Machine and Welding and  Chariot Manufacturing Company,
the growth in revenues should continue- - this would force P/E and P/B ratio to shrink even more- This company wont stay undervalued and unnoticed for long- This is a great chance to establish a swing possition going into the next 1-2 months
with targets that could reach .2-.4 cents. The small float and accumulation patterns it exhibits could indeed forcast this to happen. I encourage you to read recent 10q/kb as there is great additional
company information i have not put into this letter. I also encourage you to do additional DD and read up beyond the initial assessment here.  This to me, looks like a great one to play this year. With the overall markets showing great strength- it looks like we could be going into a nice bull run to end out 05`- 
Undervalued companies with growing revs such as AACS will be sure to benefit tremendously.

here is a link for another chart i drew recently highlighting some nice indicaotrs.
http://www.atomicbobs.com/uploads/chart620%20copy.jpg
Title: Re: Charting an undervalued stock - AACS
Post by: eliteG on June 26, 2005, 09:34:14 AM
great work dirtdigger.(applauded)  It looks like it may be time for breakout soon.  Gootrading  8) 

Title: Re: Charting an undervalued stock - AACS
Post by: eliteG on June 27, 2005, 09:49:12 PM
man do I love that chart... (apppppplaud!) I have done a bit of indicator analysis but that ADX bounce is new to me!  :o thx.  Best of luck on this play.  That candle today recovered nicely into a hammer.  ;D  Hope to see more of your T/A charts
Title: Re: Charting an undervalued stock - AACS
Post by: ipoli on June 28, 2005, 10:43:43 AM
Think something may be brewing from the chariot division?
Title: Re: Charting an undervalued stock - AACS
Post by: eliteG on June 29, 2005, 04:09:19 PM
chart rocks..man i hope you make a lot of green on this one  8)
Title: Re: Charting an undervalued stock - AACS
Post by: higherstocks on June 30, 2005, 02:49:08 PM
is this a Symmetrical Triangle (Continuation)
Title: Re: Charting an undervalued stock - AACS
Post by: jaztile on October 13, 2005, 11:01:27 AM
seeing some action
Title: Re: Charting an undervalued stock - AACS
Post by: setravis on October 10, 2006, 09:58:40 PM
Out of time for tonight,
will leave the chart.
Title: Re: Charting an undervalued stock - AACS
Post by: doyerdiligence on October 11, 2006, 01:10:47 AM
nice action
Title: Re: Charting an undervalued stock - AACS
Post by: setravis on October 13, 2006, 04:04:01 AM
Rams, these need to be merged. Thanks.... ;)
Thanks
The on started by Greatday8 merge with this one by Doyerdiligence.