SMTX

[shawFund]

Hi, Jeff:

   Nice oservations about the momentum play.

   I used to be a long term investor. I usually hold stock for at least one year.

   But I started to do some research on momentum play recently and found this website.

   Some observations:

   1. If stock jumped big and break out the resistance after a long flat base (narrowtrading  range - within 10%), it usually will continue its run; 

   2. If the big run is due to the company's good earnings, the chance of continue run is even bigger.


   3. If the stock has been slow moving up with 40% or more gain from its low,
then follwed by a big jump and break out the resistance, the chance of fake break-out is quite big.

   I have already got more than 2 years of big run data (top 100 gainers each day for the last two years on both NASDAQ and NYSE markets) and will do some research and then may develop some trading plan.

   Actually I did some research on big drop. If a stock droped 50% or more in one day (normally gap down),  then wait until it dropped 10% more to take a position.

   I studied all such cases for the last two years, 85% will see at least 35% gain within one month and 98% will see at least 35% gain within 6 months.

   I have the complete data to support it.

 

[huhhot12345]

Seems SMTX is getting weak now. Probably it is time to sell it.
Thanks,

John

[rcr]

May be worth another look, earnings on the 14th I believe and any sort of volume seems to be pushing the price up strongly.

-rcr-

[setravis]

The stock that is out front after day 3,in the Stock Picking Contest.
Picked by....... actrader......Total Gain...20.87% 
This little baby is also up in the...After Hours (RT-ECN): 3.69  0.342 (10.22%)
You go actrader !!!!! Applaud......

Support @ $2.85...2.67...2.44
Resistance @ $3.50
MACD is Bullish
Stochastic is Bearish
Recent CandleStick Analysis
Bearish.............but never mind that it continued on it's way up
Nov-04-2005 Dragon Fly DOJI 
Nov-03-2005 Bullish Harami 


Technicals
Last Price Quote is:
25.48%above 13-day EMA
39.70%above 50-day EMA
RS Rating: 99 

Fundamentals
Earnings Expected on Nov 14

Key Data:
Market Cap (M): $25.40 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Neutral

[voipssimo]

SMTX is now fairly valued at $3. Overraction caused major dip. Will bounce soon once results are digested.

SMTC Reports Third Quarter Results
Monday November 14, 8:35 am ET 

Reports Consecutive Growth in Revenue and Profitability
Nasdaq: SMTX Toronto Stock Exchange: SMX


TORONTO, Nov. 14 /PRNewswire-FirstCall/ - SMTC Corporation(1) (Nasdaq: SMTX, TSE: SMX), a global electronics manufacturing services provider, today reported revenue of $64.6 million and net income of $0.8 million, or $0.05 per share, for the third quarter ended October 2, 2005. This compares with revenue of $57.0 million and a net income of $0.3 million, or $0.02 per share, for the previous quarter and revenue of $60.8 million and net income of $2.9 million, or $0.20 per share, for the quarter ended October 3, 2004. Net earnings for the third quarter of 2004 included a net recovery of restructuring charges of $2.5 million ($1.8 million of the net recovery is included in cost of sales), or $0.02 per share. Revenue increased quarter over quarter by 13%, or approximately $7.6 million and increased 6% or $3.8 million from the same period last year. Net income more than doubled from the previous quarter.
 



Gross profit for the third quarter of 2005 was $5.5 million, or 8.5% of revenue, compared with $4.8 million, or 8.4% of revenue, for the previous quarter and $7.3 million, or 12.1% of revenue, for the third quarter of 2004. Gross profit for the third quarter of 2004 includes a recovery of a previously recorded restructuring charge of $1.8 million, or 3% of revenue.

The Company generated cash from operations of $1.8 million during the third quarter of 2005 compared to $3.8 million and $4.0 million, respectively, during the second quarter of 2005 and the third quarter of 2004. Cash generated during the third quarter of 2005 was used to reduce long-term debt and capital lease obligations by $1.7 million and invest $0.1 million in capital assets. Amounts outstanding under the revolving credit facility at October 2, 2005 were $8.1 million compared with $8.4 million at July 3, 2005.

"Once again, this was a quarter of significant financial improvement - sustaining profitability, sequential growth in revenue, cash generation, improved working capital and further debt reduction," said Jane Todd, Senior Vice President and Chief Financial Officer. "Our goals are to maintain profitability and further strengthen our balance sheet."

"Our third quarter results reflect continuing progress in restoring satisfactory financial performance and value creation," stated John Caldwell, President and Chief Executive Officer. "This was the third consecutive quarter we have reported growth in revenue from the previous quarter. Also, this was the first quarter in a number of years that we have reported growth in revenue as compared to the same period last year. Our revenue growth in the third quarter was enhanced by stronger than anticipated seasonality from certain customers. We maintain our guidance that we anticipate revenue and earnings for the second half of the year will be stronger than the first six months. While we expect revenue in the fourth quarter to be lower than the third quarter because of customer seasonality and the effect of certain customer programs approaching end of life, we also expect to remain profitable. Although we anticipate incurring a loss for the full year due to poor results in the first quarter, we have made measurable progress in the ensuing quarters in returning SMTC to profitability and revenue growth."


    -------------------------------------------------------------------------
    (1) Expressed in U.S. dollars
    -------------------------------------------------------------------------

About the Company: SMTC Corporation is a global provider of advanced electronic manufacturing services. The Company's electronics manufacturing, technology and design centers are located in Appleton, Wisconsin; Boston, Massachusetts; San Jose, California; Toronto, Canada; and Chihuahua, Mexico with a third party facility in Chang An, China. SMTC offers technology companies and electronics OEMs a full range of value-added services. SMTC supports the needs of a growing, diversified OEM customer base primarily within the industrial, networking, communications and computing markets. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on The Toronto Stock Exchange under the symbol SMX. Visit SMTC's web site

[voipssimo]

SMTX traded at $2.18 after hours (after a bullish CC). Should bounce tomorrow. Any guesses how much of a bounce we should expect tomorrow?

[yukii]

Moving up today, last 3 quarters profitable. Should double from here.
$1.60

[buyhighsellow]

Looks good.
Any more info?

[buyhighsellow]

 
Thanks,Yukii!
i might sell some of IPIX tomorrow to get a position in SMTX.
Are`you in ?

[stock-kitty]

Thx,  got some:)



Cheers

[setravis]

Press Release Source: SMTC Corporation


SMTC Selected as Telco Systems' Manufacturing Partner
Tuesday February 7, 3:52 pm ET


TORONTO, Feb. 7 /PRNewswire-FirstCall/ - SMTC Corporation (NASDAQ: SMTX/TSX:SMX), a premier mid-tier provider of end-to-end electronics manufacturing services (EMS), today announced it has entered into a new customer relationship with Telco Systems, a wholly owned subsidiary of BATM Advanced Communications Ltd. (LSE: BVC - News), a provider of carrier-class transport and access solutions for public and private IP and TDM networks.


The relationship involves a broad range of manufacturing services spanning multiple sites. SMTC is confident that its distinctive approach to building contract manufacturing partnerships will contribute to the success of this collaboration, and will enhance Telco Systems' strategy of offering high quality leading edge technology.

Telco Systems selected SMTC as a manufacturing partner for printed circuit board assembly (PCBA) and full chassis fabrication, integration and testing. Production was introduced in Q4 2005 with ramp to volume activities continuing through Q1 2006. SMTC is building Telco Systems' PCBA in its facility in Toronto, Canada with chassis fabrication, PCBA integration, final test, and configuration supported through its Enclosure facility in Boston, Massachusetts.

"We have been pleased with SMTC's leadership as they transitioned our initial programs to volume production quickly and painlessly while delivering high quality, competitive pricing, and flexibility that Telco Systems requires from its key suppliers", commented Bob Resinger, Chief Operating Officer of Telco Systems. "We look forward to a long term and expanded partnership as the relationship evolves."

"We are delighted to be partnering with Telco Systems, a leading telecommunications company, and to be an integral participant in it achieving its operational and financial goals," said John Caldwell, SMTC President and CEO. "SMTC's partnership approach involves gaining a thorough understanding of Telco Systems' strategy; enhancing their competitive edge through lower costs, high quality, and faster time to market; and driving improved performance. As part of our commitment, we will work closely with Telco Systems to identify further ways to add value and expand the outsourcing services beyond the scope of the initial phases."

"SMTC maintains a long history of assisting telecom customers in achieving their business goals. This agreement with Telco Systems underscores SMTC's ability to provide leading OEMs with a unique outsourcing solution", commented Steve Hoffrogge, SMTC Senior Vice President of Business Development. "Our breadth of vertically integrated services, professionalism, lean manufacturing methodologies and our people differentiate us from other mid-tier EMS providers."

About Telco Systems:

Based in Foxboro, Massachusetts, Telco Systems is a leading provider of carrier-class transport and access solutions for IP and TDM networks for carrier, service provider and enterprise markets. Its suite of products includes solutions for Metro Ethernet Access Rings, residential and enterprise VoIP, FTTx, SONET, WiFi and T1 backhaul.

Founded in 1972, Telco Systems' focus is to maximize the power of their customers' networks by integrating transport, access and packet technologies onto industry-leading platforms that meet today and tomorrow's network demands.

Telco Systems is a wholly owned subsidiary of BATM Advanced Communications (London stock exchange ticker symbol: BVC). For more information, please visit Telco Systems' web site at http://www.telco.com.

About SMTC Corporation:

SMTC Corporation, founded in 1985, is a mid-tier provider of end-to-end electronics manufacturing services including PCBA production, enclosure fabrication and systems integration & test. SMTC facilities span a broad footprint in the United States, Canada, Mexico, and China, employing 1300 staff members.

SMTC services extend the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and technology companies within a broad range of industries.

SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on the Toronto Stock Exchange under the symbol SMX. For further information on SMTC Corporation, please visit our website at www.smtc.com.

Note for Investors: The statements contained in this release that are not purely historical are forward-looking statements which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates", and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation. For these statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. Risks and uncertainties that may cause future results to differ from forward-looking statements include the challenges of managing quickly expanding operations and integrating acquired companies, fluctuations in demand for customers' products and changes in customers' product sources, competition in the EMS industry, component shortages, and the others discussed in the Company's most recent filings with securities regulators in the United States and Canada. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Unless otherwise stated, all revenues are expressed in U.S. dollars.
--------------------------------------------------------------------------------
Source: SMTC Corporation

[setravis]

Back above the 200-dma.

Technicals
13-day EMA Cross Above 50-day EMA
Close Above the 50-day EMA
Percentage Gainer

Last Price Quote is:
21.93%above 13-day EMA
21.99%above 50-day EMA
RS Rating: 5 

Fundamentals
Key Data:
Market Cap (M): $17.60 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Neutral

[joet]

  I hope this continues, I jumped in 10 days ago in early anticipation of the earnings, which is posted for March 8...  I feel that this run is do to the rescent PR and we could see it down again before earnings, hopefully not below the 1.60 support... thoughts?  I may sell half here.  The volume has been so flat the life today was nice to see.
Thoughts from more experienced folks??  Cheers Joe

[qyu001]

I was in yesterday @2.1. Today we had a pull back. But I believe this time it will not drop to beblow 1.6. Actually my target is at least $4.
Reason:
Fundamentals are getting better.
low float
Technically, if you look at the monthly chart, this is the first time the fast MA is crossing up slow MA in years! ADX is moving up and +DI is above -DI, volume is picking up also. I know Monthly chart(tech indicators) are not as sensitive as short term indicators, but they are more effective, all of the long term bullish stocks have to have MAs cross up first.

Maybe this is the time for SMTX to turn around and the golden oppotunity to get in for long term big money?

I will hold and see.

By the way, I see at leat $2.5-$2.75 by the end of the month.   

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=&time=&freq=

[Terliso]

I think SMTX is ready for another jump