XRTX

[Maestro]

Out at $29.44...

...and, G, can you see your way to giving standard stop recommendations instead of "unless it closes below..."?

[netfishmademerich]

..and, G, can you see your way to giving standard stop recommendations instead of "unless it closes below..."?

I beg to differ.  stop on close is the best strategy because irratic intraday price movements can throw you out of a stock unnecessarily.

Also you can't wait until tomorrow to sell because sometimes the stock will gap down next day, then you'd have to guess if the price will come up to the gap for you to bail, or not.  This is simply the way the market works.  We'll just have to live with it, as crooked as the market is.

If we have a "stop on print" then it would have to be set low enough to avoid being shaken out but that would cause us to lose more than necessary in most cases.

[Maestro]

I beg to differ.  stop on close is the best strategy because irratic intraday price movements can throw you out of a stock unnecessarily.

But how does it work out on average? I only signed up to 3SOF on 20 March 2006 but I see that 3SOF made 195% profit in less than a year, yet neither David Randolph nor Ramsburg seem to have been fond of giving "stop on close" recommendations.

Now, if my online brokers (Ameritrade and E*Trade) accepted stop on close orders, that would be a different thing. Does your broker accept them?

I do see your point, though. Another stock of G's (MSPD) went below his stop on close target intraday today but closed above it. If this stock makes us a profit in the end, it is a good example in favour of the stop on close target.

[netfishmademerich]

Now, if my online brokers (Ameritrade and E*Trade) accepted stop on close orders, that would be a different thing. Does your broker accept them?

No, I also have E*Trade like you.  I sit in front of my computer and watch tick-for-tick my portfolio most of the day.  I think if you can babysit your portfolio the last 30 min. of trading you will be fine.

[Maestro]

I think if you can babysit your portfolio the last 30 min. of trading you will be fine.

There are days when I can and days when I cannot. The problem, you see, is that when I get the buy recommendation I do not yet know whether this is going to be stock with a stop on close recommendation.

(I wonder at what time, at what price, G sold XRTX today. We'll see on tomorrow's updated list of closed trades.)

The way I see the pattern developing is that G's buy recommendations will be followed by a stop on close recommendation, while Ramsburg's buy recommendations will later receive a standard stop recommendation.

The ultimate solution for me, then, would be to buy only Ramsburg's recommendations, but that would defeat the purpose of the 3SOF strategy. I am in quandary.

[Maestro]

Out at $29.44...

...and, G, can you see your way to giving standard stop recommendations instead of "unless it closes below..."?

My apologies to G. I've come to realize just now that your recommendations "unless it closes below..." and "on close below..." mean that when a stock closes on a given day below that amount I should sell it the following morning at the open. In other words, I do not need to watch the stock every day towards the closing time. I can make that evaluation every day in the morning.

This means that I bailed out of XRTX too early; I should have put in the sell order after the close on 11 April, to be executed at the open on 12 April. Oh well, live and learn!

[eliteG]

My apologies to G. I've come to realize just now that your recommendations "unless it closes below..." and "on close below..." mean that when a stock closes on a given day below that amount I should sell it the following morning at the open. In other words, I do not need to watch the stock every day towards the closing time. I can make that evaluation every day in the morning.

This means that I bailed out of XRTX too early; I should have put in the sell order after the close on 11 April, to be executed at the open on 12 April. Oh well, live and learn!

No Problem Maestro  .. we set our exit strategy a certain way but we dont expect everyone to follow that.    We are here to create opportunities for you guys.. we failed on this one  but thats how the market works.. you toss the losers out quick and let the winners grow. 

Each exit method has its advantages and disadvantages.  The sell if close below allows us to evaluate the stock one more time before we say we will sell it.   

I really like this company but the market doesnt really care what I think.. and its always right so we will stick to plan and sell XRTX tomorrow morning.  One to keep on watch.

We will sell XRTX in the morning(Wednesday 4/13).

[Gillham]

Hiya G,
I know the plan said out in Morning ... but stock nicely re-couping the slide yesterday.

Would you agree the fundementals still look good for this ? 

I think I'm going to hold for a little longer.

[eliteG]

Hiya G,
I know the plan said out in Morning ... but stock nicely re-couping the slide yesterday.

Would you agree the fundementals still look good for this ? 

I think I'm going to hold for a little longer.

Definately agree Gillham.. fundamentals do look good.. I think we should consider it for 3SOV 

[setravis]

Xyratex Looks to Improve Product Mix
with 13% Increase in Network Storage Systems
Trading on Xyratex Ltd (XRTX) was up 9.947% following Thursday's
earning's call in which the company reported Q1 revenues of $217.05M,
down 8.19% from a year ago and beating consensus by 0.74%. Q1 EPS
was -$.-07, down 117.50% from a year ago and missing consensus by
800.00%. Revenue in the second quarter of 2008 is projected to be in
the range $232 to $252 million. The Q2-08 revenue forecast is above
current consensus estimates. During the conference call, the company
stated that a significant sequential reduction in revenue was the result
of the current environment surrounding capital expenditure spending
constraints, which it previously outlooked in the HDD industry. Gross
margin reductions within the quarter were the result of reduced revenue
from its infrastructure division, although strong revenue contributions
were reported from its major tier one customer in Net App. Additionally,
Xyratex reports that it is starting to see capital expenditure spending
coming back to the hard disk drive market with better volumes in
Q1 than originally forecasted. Currently, the company is forecastsing
13% increase in the Network Storage Systems business, which is a mix
between Net App and non-Net App. With gross margin trends on the
system side at a 30 basis point decline sequentially, a 2 point mix shift
decline is related to product mix in Net App and Non-Net App. Going
forward, the company sees new relationships with IBM and new tier one
opportunities as a way of addressing customer concentration issues.
According to CEO Steve Barber, "If that side continues to grow, expect
to see margins grow in the range we're seeing today."



52wk Range: 13.34 - 24.75
Volume: 894,236
Avg Vol (3m): 218,673
Market Cap: 520.03M
P/E (ttm): 18.98
EPS (ttm): 0.94

Technicals
Last Price Quote is:
0.66%above 13-day MA
2.14%above 50-day MA
RS Rating: 92 

Fundamentals
Key Data:
Market Cap (M): $521.76 
P/E Ratio: 33.86 
PEG Ratio: 1.096 
Next Earnings: 06/25/2008
Last Analyst Rating: Outperform

Poorly run company.......
in the midst of a pretty major sales decline and it isn't going to simply go away in a single quarter.
Their products are good,
but their customers are not buying like they were.
Sales declined in the most recent quarter and it created a huge drop in profits.

[phabrux]

XRTX

here is the update chart of XRTX