3SOF

SMD keeps going up...Up 400% in the past 3 months

Maybe because of this


The Singing Machine Company Launches New Line of Consumer Electronic Products Based on BRATZ(TM) License Agreement
Friday January 12, 12:30 pm ET
New Products Featuring One of the World's Leading Toy Franchises Debut at CES in Las Vegas

COCONUT CREEK, Fla.--(BUSINESS WIRE)--The Singing Machine Company (AMEX:SMD - News) announced today that it has signed a three-year licensing agreement with MGA Entertainment to produce and distribute a new line of electronic products based on MGA's BRATZ(TM) franchise, one of the world's leading toy lines and girls' lifestyle brands. These new products, which include DVD players, combination TV/DVDs, boom boxes, mini radios and sunglass radios jointly developed by The Singing Machine and MGA, were introduced at this week's Consumer Electronics Show in Las Vegas.

http://biz.yahoo.com/bw/070112/20070112005463.html?.v=1

Up we go.

Closed near High.

I have been watching this one for about 2 weeks wanting to jump in, but  have been hesitant due to the run, hopefully this one will pull back soon.

Quote from: pompano on January 18, 2007, 07:57:49 PM
I have been watching this one for about 2 weeks wanting to jump in, but  have been hesitant due to the run, hopefully this one will pull back soon.

Here's your pullback, pompano.  Now if we could only figure out where the pullback will end.

According to barchart.com's alpha ratings, SMD is the top stock in the top sector for January (based on Dec-Jan change).  I have read that the top sectors in January tend to outperform the general markets for the rest of the year.  If so, SMD's sector could be a continued outperformer in the month's to come.