Korean Job Discussion Forums

[4 months left]

Walt, looking back on your posts you seemed negative on NTRZ because of the high PE. What changed your mind? Did you invest in it?

Not to bemoan the discussion on PEs but generally value investors look for low PEs and growth investors don't care about the PE. It's all about the risk tolerance.

[waltjocketty]

Well, I was negative on NTRZ because of the low PE and zero growth potential, but about a week ago they revealed that when they purchased Vital Living, they also purchased contracts to sell directly to over 500 big clients, and enormous warehouse space with all the required machinery, which makes their growth potential enormous. Not to mention the poor rice-harvesting season that just passed. Things have changed dramatically, and the PE is under half of what it was previously. Like I said, though, we need to wait for the earnings. And no, I haven't invested yet. If you look at the charts, it looks like there is resistance when you get to about $2 or $2.10, so I do think it's a safe bet for now.

[4 months left]

You mean because of the high PE? The MACD just about to cross the signal line, 50 day MA coming down to the price. If it breaks out of the base and the 50 stays above, then that's a 30% ride to $2.00.

Gotta wonder how much TA works on OTC stocks.

[waltjocketty]

Indeed.

And of course TA is less reliable with OTC stocks, but I'm not gonna throw it out the window.

[4 months left]

Crap, B of A going to bring down the market today.

[waltjocketty]

not just them. the whole banking sector is looking bearish since Bernanke's gonna cut rates and dollar is gonna drop.

[4 months left]

Rate cut futures just went from about 35% t0 76% in 2 days. Citigroup was bad, Morgan S. was good so they were saying BoA was the tiebreaker. An analyst said he would buy around $48, ask was in the $47s in pre-market.