We have had some big winners in the short history of this blog (thanks short sellers!).
Below are approximate entry prices and current stops
AMSC in 15.30 new stop 16.45
MVIS in 4.40 new stop 5.30
OSTK in 18.55 new stop 17.90
ASVI in 16.00 new stop 17.45 (nice move today)
JADE in 11.50 new stop 11.40
ARTG in 2.74 maintain stop at 2.63
Showing posts with label ASVI. Show all posts
Showing posts with label ASVI. Show all posts
Thursday, May 31, 2007
Saturday, May 26, 2007
Superconductors, Imaging Engines, Online Shopping & Rubber Track Machines
On Monday I sugested looking at American Superconductor Corp (AMSC), the stock exploded higher that day and it appears shorts may have experienced their first bout of real fear! The short position increased by 5000,000 shares from April to May, that looks like a bad move! At this point I would think 15.45 is a good spot for a stop on long positions.
On Tuesday we looked at shares of Microvision, Inc (MVIS) and the stock made a nice run for 2 days. On Thursday it paused slightly with the market selloff but came roaring back on Friday. The short sellers did slightly decrease their position last month but with lighter volume last month it makes it more difficult for them to cover their stupid bet!! A stop near 4.30 seems right for this one. The Ant & Sons blog has a good analysis of a potential catalyst to get the shorts buying.
The short position in Overstock.com, Inc. (OSTK) was little changed last month and the stock still looks poised for upside from here. A stop near 17.30 makes sense.
The short position in shares of A.S.V., Inc (ASVI) was also little changed last month and the stock still looks like it has great upside potential with limited risk by placing a stop near 16.00
Enjoy the long weekend fellow squeezers!
On Tuesday we looked at shares of Microvision, Inc (MVIS) and the stock made a nice run for 2 days. On Thursday it paused slightly with the market selloff but came roaring back on Friday. The short sellers did slightly decrease their position last month but with lighter volume last month it makes it more difficult for them to cover their stupid bet!! A stop near 4.30 seems right for this one. The Ant & Sons blog has a good analysis of a potential catalyst to get the shorts buying.
The short position in Overstock.com, Inc. (OSTK) was little changed last month and the stock still looks poised for upside from here. A stop near 17.30 makes sense.
The short position in shares of A.S.V., Inc (ASVI) was also little changed last month and the stock still looks like it has great upside potential with limited risk by placing a stop near 16.00
Enjoy the long weekend fellow squeezers!
Wednesday, May 23, 2007
Rubber Track Machines and Related Accessories
that is the unexciting business of A.S.V., Inc. (ASVI). What is exciting is the thought of what might happen to the price of the stock if there was a catalyst that would motivate the people who sold short 6.2 million shares of the stock to cover! Based on the 30 day average volume of 168,676, it would take them 37 days to buy all that stock back. Anyone have an idea of what that catalyst might be? I don't but if you do, please share in the comments area. For now I think it is worth buying a little with a protective stop just under 16.
Here's the rest of the description of this boring company from Google Finance (I didn't read it)
A.S.V., Inc. (ASV) designs, manufactures and sells rubber track machines and related accessories, attachments and traction products. It has three product lines, the Posi-Track product line, the original equipment manufacturer (OEM) undercarriage product line and the Loegering product line. Posi-Track products are machines used in the construction, agricultural, landscaping, rental, military, and other markets. The OEM Undercarriages are sold to Caterpillar Inc. as a primary component on its Multi-Terrain Loader product line. Loegering is a manufacturer of traction products for wheeled skid-steers and also provides attachments for the skid-steer market. In January 2006, it introduced two models in its Posi-Track product line, the SR-70 and SR-80. In October 2006, ASV introduced a track utility vehicle in its Posi-Track product line, the Scout SC-50, which features a 50 horsepower diesel engine, cab seating for two and a flatbed rear deck with the capacity to carry two tons of cargo.
Here's the rest of the description of this boring company from Google Finance (I didn't read it)
A.S.V., Inc. (ASV) designs, manufactures and sells rubber track machines and related accessories, attachments and traction products. It has three product lines, the Posi-Track product line, the original equipment manufacturer (OEM) undercarriage product line and the Loegering product line. Posi-Track products are machines used in the construction, agricultural, landscaping, rental, military, and other markets. The OEM Undercarriages are sold to Caterpillar Inc. as a primary component on its Multi-Terrain Loader product line. Loegering is a manufacturer of traction products for wheeled skid-steers and also provides attachments for the skid-steer market. In January 2006, it introduced two models in its Posi-Track product line, the SR-70 and SR-80. In October 2006, ASV introduced a track utility vehicle in its Posi-Track product line, the Scout SC-50, which features a 50 horsepower diesel engine, cab seating for two and a flatbed rear deck with the capacity to carry two tons of cargo.
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