This is very eeeeeeerie. Summer ended 9/22/2009. Being that I am a gentleman and always in fashion I gave up the white pants. For 2 days the market has caught unsuspecting bulls with their pants down throwing 50 year old battery acid at their exposed margin loving skin.
Smallcaps getting thrown in the dumpster beaten on like members of your high school chess club. But if you had read the blog yesterday I had IMPLORED YOU TO SELL, raise stops and chill. For me I have been spending my day getting my watchlists ready for i am in 50% CASH. Listen the market cant go up for ever I know many people are giddy on the gains of their smallcrap stocks of the last few weeks. Any jobber with a dialup could went on yahoo finance picked something out of the bin and it would have went up 50%. Just remember over the years all those times the market kept creeping up for weeks at a time and all the times soon after how mother market dragged you face down in its Chevy Silverado around your local Walmart parking lot (unpaved ofcourse).
Well this time is different for you have the BOWS crew to guide you through all this.
This is my gameplan: Just chill, Im going out drinking every night. Making watchlists by day cruising the local talent pool at night. I think we bounce a little today but the highflyer smallcaps still have some downside.
I will scalp some quick momo trades/daytrades etc but small positions and I will be like Fred Astaire dancing around back n forth.
2 Buys today on AONE momo. this IPO has already ran up +50%. Unreal. This battery stuff is hot last 2 days. Kunal00 buys $hpj $abat
HPJ this thing is cheaper than a @jweaving date on a Friday night.
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Market Cap (intraday)5:
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33.50M
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Enterprise Value (24-Sep-09)3:
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37.28M
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Trailing P/E (ttm, intraday):
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17.15
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Forward P/E (fye 31-Dec-10) 1:
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8.82
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PEG Ratio (5 yr expected):
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N/A
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Price/Sales (ttm):
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0.51
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Price/Book (mrq):
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1.82
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Enterprise Value/Revenue (ttm)3:
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0.57
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Enterprise Value/EBITDA (ttm)3:
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8.271
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I like it under 2.40. Dont chase it.
$ABAT bought at 4.14. I will NOT take losses I got a stop at 4.03. If there is no battery momo just dump it. Its sitting close to support
