Thursday, February 23, 2012

VSI

It is flirting with highs. Volume low at present. It has a cup with handle like appearance to me. Others have disagreed. I've owned it a while sub 40.

Wednesday, February 8, 2012

Research-MX


Further research in IPOs has me questioning the wisdom of buying into IPO hype. In buying into a recent IPO I hope to capture exponential growth of a new issue. Ideally I would like the IPO to be a new product or service, purpose of raising funds would be to fund further expansion. It seems like more and more companies are really just subject to brighter men than me making fortunes.

MX seems to be just such a company. It is more than 50% owned by a very reach hedge fund guy that specializes in bankruptcies. It has made him very rich, somehting like top 200 in the country. A lot of my time looking into the company was spent looking into him as it was just odd to see one person listed as 50% owner of a Korean company.

Mx is capturing great market share in the semiconductor field, has a lot of patents, seems to be executing well. The chart shows recent powerful move, in lockstep with SMH. Pullback due. I think recent IPOs ZIP and SZYM could move in similar fashion.

Due to this company being 30 years old, not a new company, I have lost my enthusiasm.

Saturday, February 4, 2012

Research Report SREV


The research on this one might have been a little light as I am tired from a cold and physical labor. SREV helps businesses collect money owed to them, only charges them for improvements. Many large companies use them. I did not read IPO documents, seems like they are expanding overseas, perhaps the money was used for this. They have grown 30% this past quarter, not very profitable yet, still showing an accounting loss, right on the cusp of a profit. Currently above the IPO price, but has a bearish tail suggesting short term pull back is due. Leadership seems to be drive by one man, guided by others with lots of experience. Many of management helped other IPOs and techs such as Juniper...

I understand the story on this one, don't really find if attractive right now. Like others I will follow for a while, I feel better about this one than others.

Friday, February 3, 2012

Research Report ST

How interesting the story is on this one in light of a possible presidential nominee. Sensata used to be owned by Texas Instruments, some of their leadership comes from there. They were purchased by Bain Capital, which seems to own over 50% of the stock and has folks on the board. March of 2011 Bain sold some stock when price was higher than it is now, certainly higher than its IPO price and its secondary offering price.

This company makes all kinds of sensors and controls for numerous products, my guess is they keep their fingers on the pulse of everything new and great in the world. As a growth story they are growing but not by leaps and bounds that a Canslimmer might want. Ther are profitable. I can't tell what they planned to do with IPO funds so I assume it was to line capitalists pockets (as opposed to using the money to expand products and services like microsoft at the beginnning or tesla now).

The 50 day is under the 200. We are in a new bull market. As an IPO play it does not strike me as an exponential growth story. It did remind me of what seems to be a great business incubator type company, CY, Cypress Semiconductor. I find ST not even worthy of posting a chart. I'll probably keep it on a list for a while but get rid of it.

breakouts

SZYM donchian 4 wk at 11.9, it is close now. Volume no clue but the day is young. I don't have any cash to play and am not an owner.