SIMC.PK

[terabemo]

Thank you Snowcat. I am glad you took my advise before earnings.

SIMC will be a real winner this year and beyond IMO. This one is a superbly run company. What is amazing is the the CEO and the President make a combined $250K/year!! I make more money than that.

[terabemo]

SIMC's rally should continue tomorrow. Still way undervalued based on estimated 40c/share ++ net income and likely 40% revenue growth in 2006.

[Richard]

Pretty sweet!

Hey terabemo, why is your rating -48?? Did you pick a bad one before or something? LOL! I don't know, but I made more than a thin dime thanks to your heads up...so +1 for you.

[terabemo]

Thank you Richard. They don't seem to like me much around here. But I don't care...as long as a few of you profit from my advice.

Have a great day.

[snowcat]

What is strange is that the volume is REALLY low other than earnings time.  What might bother me is when the volume drops to 12000 again and I have to sell.
http://finance.yahoo.com/q/hp?s=SIMC

a look at the chart shows some mad mood swings:
http://finance.yahoo.com/q/hp?s=SIMC

And I would rather have a good stock that makes money than a good rating.

I like IFO and MED for now..............

[Richard]

Thank you Richard. They don't seem to like me much around here. But I don't care...as long as a few of you profit from my advice.

Have a great day.

Your welcome sir. *shrugs* no idea, you seem pretty OK to me LOL! I usually don't like thin volume stocks like this, but after checking it out, I'm glad I decided to take a chance on this one. I'll probably sell soon though, I don't want to get caught in an illiquid stock.

SIMC up another 15% today
EDIT: 20% today
EDIT: 25% today

LOL

another +1 for you...

[snowcat]

The volume seemed to vanish after earnings, but it is up nicely today on 3x adv.

What is up.  I scooped some up this morning.

http://finance.yahoo.com/q?s=simc

Great co., but it needs volume!

[snowcat]

SIMC is now #3 on IBD stocks under $10, 99 RATING (http://www.investors.com/tr10/trsuform1.aspx)
HOWEVER, THAT RATING IS BASED ON LAST Quarter earnings of .11 they are missing this:
On Monday May 15th, the co reported Q106 revs of
$21.9 mln, up
78% yr/yr, and EPS, of $0.11 vs $ 0.05 last year.
However, if the Litton acquisition had been in for the
whole quarter, Q1 revs would have been $31.5 mln
(154.9% increase) and eps of $0.22 (340% increase),
according to Note 13 of the recently filed 10-Q
(5/15/2006).

[miris]

close 10,99$

[snowcat]

Huge breakout on big volume for this one!

Jumped 17% and is near its high!  Nice chart with a lot of potential.

One of the better ones out there.

http://finance.yahoo.com/q?s=simc

[Melf Elf]

simc would have been a nice short in the right shoulder.  it gapped down below the 8.60 neckline of a big H&S Top this morning.  closed down 35% today on almost 4 times average daily volume. 

company said q2 reporting would be delayed due to accounting errors in mexican operations in  2005 and q1 of 2006.

target: 3.35 is IN PLAY

math:

high - 13.85
neckline - both data points were 8.60

13.85 - 8.60 = 5.25 points

8.60 - 5.25 = target: 3.35 

[nullzero]

That is some nice profits if you were a short hehe.

[snowcat]

Lesson: Take profits fast.

Wow.  Melf saw this peice of crap comming:

17:59  SIMC Simclar announces need to restate 2005 results (4.82 -0.49)

Co announced that due to the previously reported discovery of accounting errors in its Mexican operations during 2005, it has concluded that its financial statements for the year ended December 31, 2005 can no longer be relied upon, and that it will be necessary to restate those financial statements. Co stated that it is still investigating whether these errors will also affect its financial statements for the quarter ended March 31, 2006, and advised that it is therefore unable to predict at this time whether a restatement of those financial statements will be required. As previously announced, management's effort to identify, quantify and correct the prior period errors has delayed the filing of the Company's report on Form 10-Q for the quarter ended June 30, 2006.

[setravis]

merging threads

[setravis]

merging threads