NGA

[raspi]

wow! NGA really has wild movements... I got unexpectedly in around $7.25

[mbaugh]

Now I'm really disappointed!  I'm trying to determine if I should sell now to minimize further loss, it might do another CIMT and continue to go down under the next earnings report or something new develops.  David, what do you think?

[Amarens]

It's down 10%...

I was out of the country last week. Looks my stop was executed. Have a small profit (2%) but happy with that now

Good luck to those holding.

Amarens

[David Randolph]

Now I'm really disappointed!  I'm trying to determine if I should sell now to minimize further loss, it might do another CIMT and continue to go down under the next earnings report or something new develops.  David, what do you think?

I think results were fine, but people were spooked by the CEO remarks:

«Commenting on the results of the second quarter 2007, Ronald J. Evans, president and chief executive officer, said "The strength of the U.S. economy continues to support hot-dip galvanizing demand at above historical levels.»

People read "strength of the US economy, what strength?" and "above historical levels? Does that mean we'll go back to the historical levels?" and sell the stock.

But the stock is trading at 9.9 times earnings and growing nicely, so it should rise. Technically it touched the basis of its descending channel and I still believe it will eventually break this channel to the upside.

I'll keep holding NGA.

[David Randolph]

NGA rose 5% today, but it's still not enough to show people that sold after earnings they were wrong. The stock needs to close above $8.49 to do prove them wrong, that is, 12.9% higher than today's closing price.

I enjoy NGA's pricing power, since it is able to increase the price of its services even more than the cost of zinc, which is the main material it uses in its galvanizing and coating processes.

I still don't get it why NGA trades at 10 times earnings, while it is growing them by 80% from the year ago levels. Its bigger competitor, AZZ, trades at 18 times earnings and is growing a lot less.

Go figure.

I'll continue holding NGA, as I expect to see $14 plus before the end of the year.

[David Randolph]

NGA will start trading on the Nasdaq today (instead of the AMEX), hopefully that will help providing a nice boost to shares. I expect NGA to approach the upper limit of its descending trendline and then to break it on the upside, since fundamentals are very attractive.

Mbaugh, are you still holding or couldn't resist the pressure? Thanks

[mbaugh]

I'm still holding.  Thanks!

[berloga]

I think it's silly to sell when things seem to horrid. I asked my wife to remind me to make a critical review the next time I feel euphoric and extaltic about my holdings. 'Cause that's the time to be afraid. No is the time to forget about the stock market, in my view.

[jorgegr]

Yeah,
Some of us are still holding after digging deep fox holes.

[raspi]

fantastic start of trading on NASDAQ....   

[David Randolph]

fantastic start of trading on NASDAQ....   

I think there was some problem with NGA's transactions on the Nasdaq, because volume was abnormally low, considering the magnitude of the move yesterday. I mean, the stock opened down 14.3% with almost no volume? Can't be, something went wrong.

I would expect the anomaly to be corrected today and NGA to go back up to where it was before.  We've touched the base of the descending channel (again).

I'll keep holding NGA.

[raspi]

I don't quite understand what you mean? It goes down on light volume because there are no buyers.. I don't think it has anything to do with trading on NASDAQ...

[raspi]

there is something terribly wrong with this company...

[berloga]

Yep, keeps in sliding down in a fast bob...

[ygtrdr]

Why am I not getting my level II qoutes on this stock? I'm using ameritrade. Anyone else having this problem?