Tuesday, May 01, 2012

Still Patient With KRO

About one month ago I expected KRO to continue its upward momentum and surpass the near term overhead resistance of 25.55, that event did not come to fruition.
The stock price retrieved and formed a small base at 22 before recovering and, in the past four trading sessions, it has crossed and maintained above the 50 day moving average of 23.54
Again, I look for this stock to test and breach the resistance level.  Trading this morning at 24.22, KRO shows some signs of resilience.

Friday, April 20, 2012

Are You Ready to Gamble on EZPW ?

Painfully, EZPW opened this morning with a downward spiral.  Hitting an intraday low of 25.82 at about 11:00 am EDT; now, two hours into the trading day, with close to six times the average trading volume it is selling at 26.07.

The question is:  are we willing to take a gamble and buy into a possible over reaction looking for a correction and an oversold condition?  If you  believe in the "Dead Cat Bounce" theory, it may be worth taking a chance.

Cancel All Buy Orders on EZPW !

Yesterday EZPW stock looked promising.  This morning, after last night's disappointing earnings and future outlook, the price could see a 5.75% drop in early trading.
At this time I would take a wait-and-see stand.  Hopefully none of the readers jumped and went long on this one.

Thursday, April 19, 2012

EZPW Looks Promising

We have been following EZCORP, Inc. (EZPW) for close to six months. During that period, our opinion on its future performance has improved thus giving us a buy signal.

EZCORP, Inc. provides specialty consumer financial services. The company offers pawn loans on personal property, including jewelry, consumer electronics, tools, sporting goods, and musical instruments.

The following are a few observations that may prove to be positive signs for EZPW:

Improving chart pattern
Stock price ready to rise above the 50 day moving average (now at 31.28)
P/E at 12 Average daily volume at 295,000 (a bit low for my taste)
Earnings pre share have risen for over the past seven years
Low debt

Selling this morning at 30.69, I feel this is a good entry point for the stock.

Tuesday, April 03, 2012

What's Next for KRO ?

Since November 6, 2011 we have seen KRO go from 22.67 to 24.84 (a 9.5% gain, not including dividends, in less than five months). The stock is now trading above the 50 and 200 day moving averages, the chart shows a nice base and slow upward momentum.

Within the next two weeks, I'd like to see the closing price to be above 25.55 which is the next resistance level, thus climbing to new eight month highs.

Very heavy short positions exist countered by long term insider buying. I am taking the insider's view and staying long on this stock.

Friday, March 16, 2012

Have a comment, thought or question on a stock?

Feel free to bring up any findings or opinions, I'm open to suggestions and willing to look into any opportunities. Brainstorming is a way to learn from others and expand our views. Changing markets require constant adjustments.

Since most of us are not "experts" in the field, let's communicate in basic terms.

I would like to hear from you, just click on the "comments" link below and contact me. Our communication will be published in this blog or, if you so choose, it will not be posted.

Thursday, March 08, 2012

EBIX Gave Us a Good Run

Back on November 2, 2011 we saw a buying opportunity in EBIX (trading at 15.53).
After a nice run, a seesaw stock price behavior and an uncertain direction, I am pulling the plug.
Trading today at 21.85, the investment turned out a 40.7% gain in a period of just over four months; happy to cash in.

Friday, January 27, 2012

Update on KRO

Waiting to see if KRO stock price crosses above the 200 day moving average (at about 23.68). If this materializes within the next five trading days, we should see wether or not this stock has legs and experience a sizeable pop. Trading today at 23.16