NGA

[David Randolph]

$17.25 now. 

Selling off now, after touching the 15 times forward estimated earnings. It would have been a perfect trade if I held it one more day ... arghh. Anyway, 36% profit was good enough.

[ramlau]

I expect a pre-split registering day run on Friday. So I'm still holding.

[BigSully1]

$17.25 now. 

Selling off now, after touching the 15 times forward estimated earnings. It would have been a perfect trade if I held it one more day ... arghh. Anyway, 36% profit was good enough.

You're right David, excellent trade you provided, but I'm going to be just a bit greedier on it, hopefully it'll work out. Thanks.

[David Randolph]

You're right David, excellent trade you provided, but I'm going to be just a bit greedier on it, hopefully it'll work out. Thanks.

I think that's the way to go BigSully1, always hope your profits will grow more and fear your losses will grow more too. Good luck

I expect a pre-split registering day run on Friday. So I'm still holding.

Friday? Why? Thanks

[realcoolhead]

I just think that 25% dividend threshold rule should apply to NYSE/AMEX too.

Besides, it would be very unreasnable if your imagined scenario would happen: you wanted to sell all but 1/3 of shares are yet to come  .

I guess in this case, record date only has something to do behind the scenario, like if I buy NGA now, 1/3 of the shares are physically somewhere else even though I have ownership etc... But I am just guessing. 

I think it will be just like a normal split, meaning "nothing" will happen tomorrow ... you will get 1 for 2 on the payable date. But I could be wrong. 

You were absolutely right realcoolhead (as always). I hope the stock hits $17.25 or more today, you deserve it. I wonder what I've seen wrong on this dividend/split issue ... I would like to know because it can be useful if a similar situation arises in the future. Did you talk to your broker or something?

Thanks and congrats

[David Randolph]

I just think that 25% dividend threshold rule should apply to NYSE/AMEX too.

Besides, it would be very unreasnable if your imagined scenario would happen: you wanted to sell all but 1/3 of shares are yet to come .

I guess in this case, record date only has something to do behind the scenario, like if I buy NGA now, 1/3 of the shares are physically somewhere else even though I have ownership etc... But I am just guessing.

realcoolhead was right on this dividend issue (as in all the rest ).

Fundamentally everything is roughly the same as when I initially bought NGA. I took a 36% profit on the stock and now it is almost at the price I initially bought (well, it is 8% higher now).

The stock split issue is behind us. And the stock has a strong support at the $8.50 area, which yesterday was complemented by the 50 days SMA support.

NGA is now trading at 11 times forward earnings, implied by an extrapolation of the $0.19 EPS it earned in Q1 2007 (split adjusted). Its industry average trades at 19.85 times earnings. Moreover NGA is growing a lot faster than its industry average (52.5% for NGA vs 16.3% for the industry).

The fact that zinc prices came off recently bodes well for margin expansion at NGA, because NGA uses mainly zinc for its galvanizing and coating services.

So, fundamentally I really like the stock and it seems to be at a sweat spot to buy from a technical standpoint too.

The Trading Plan is:

Buy NGA, 6.66% of capital.

[Stocky2000]

i dont want to bash this stock
but its a better short than long
the MACD HIst didnt turn yet in the weekly
a close below MA 50 which is near (daily not weekly chart)
no reversal candle in the daily...no signs for a trend back up
a see 6 dollar coming
thanks i am probably shorting.





i told you this thing never looked bullish

[David Randolph]

i dont want to bash this stock
but its a better short than long
reminds me at silc when it was 20 dollar excactly the same
the MACD HIst didnt turn yet in the weekly
a close below MA 50 which is near
a see 6 dollar coming
thanks i am probably shorting.

Lol, ok ket1390, that's fine by me

[Stocky2000]

I just think that 25% dividend threshold rule should apply to NYSE/AMEX too.


The stock split issue is behind us. And the stock has a strong support at the $8.50 area, which yesterday was complemented by the 50 days SMA support.

my techn indicator telling me MA 50 wont hold....and no reversal candle insight....with a ripe nasdaq this will fall together...maybe it s a double top pattern....if we close under 8.50...then i smell 6.00 $$

[David Randolph]

my techn indicator telling me MA 50 wont hold....and no reversal candle insight....with a ripe nasdaq this will fall together...maybe it s a double top pattern....if we close under 8.50...then i smell 6.00 $$

Yes, it may happen. I'm going to buy it at the open. Will you short it at the open or wait for technical confirmation?

Thanks

[Garoh]

I just think that 25% dividend threshold rule should apply to NYSE/AMEX too.

Besides, it would be very unreasnable if your imagined scenario would happen: you wanted to sell all but 1/3 of shares are yet to come .

I guess in this case, record date only has something to do behind the scenario, like if I buy NGA now, 1/3 of the shares are physically somewhere else even though I have ownership etc... But I am just guessing.

realcoolhead was right on this dividend issue (as in all the rest ).

Fundamentally everything is roughly the same as when I initially bought NGA. I took a 36% profit on the stock and now it is almost at the price I initially bought (well, it is 8% higher now).

The stock split issue is behind us. And the stock has a strong support at the $8.50 area, which yesterday was complemented by the 50 days SMA support.

NGA is now trading at 11 times forward earnings, implied by an extrapolation of the $0.19 EPS it earned in Q1 2007 (split adjusted). Its industry average trades at 19.85 times earnings. Moreover NGA is growing a lot faster than its industry average (52.5% for NGA vs 16.3% for the industry).

The fact that zinc prices came off recently bodes well for margin expansion at NGA, because NGA uses mainly zinc for its galvanizing and coating services.

So, fundamentally I really like the stock and it seems to be at a sweat spot to buy from a technical standpoint too.

The Trading Plan is:

Buy NGA, 6.66% of capital.

David this is a good stock to invest in , but I don't recommand buying it now !
Look at the weekly chart it's very bad and will propably see $7 soon if I'm right  
try to hold until tomorrow

[David Randolph]

David this is a good stock to invest in , but I don't recommand buying it now !
Look at the weekly chart it's very bad and will propably see $7 soon if I'm right  Lips Sealed
try to hold until tomorrow

Thanks for the advice, but I already bought Garoh.

[Garoh]

David this is a good stock to invest in , but I don't recommand buying it now !
Look at the weekly chart it's very bad and will propably see $7 soon if I'm right  Lips Sealed
try to hold until tomorrow

Thanks for the advice, but I already bought Garoh.

Good luck David

I hope it shows strength today and go up 

[David Randolph]

i dont want to bash this stock
but its a better short than long
reminds me at silc when it was 20 dollar excactly the same
the MACD HIst didnt turn yet in the weekly
a close below MA 50 which is near (daily not weekly chart)
no reversal candle in the daily...no signs for a trend back up
a see 6 dollar coming
thanks i am probably shorting.

Stock is below the 50 days SMA support ket1390. Did you sell it short? Thanks.

[terainvestment]

selling short was a good idea ket1390...but I hope you covered at 10 am
:-)

Great pick David!