Not the best stock in the world but it popped up on a screener last week. Bought it at 5.65 and bought enough where 6.00 or so will be a nice return. Could happen Monday.
Posted by T e x on :
charted it, quickly... 5.65 seems safe, don't know that I hold out for 6.00. Lottsa indecision on da charts...maybe will shape up tomorrow
Posted by Upside on :
Yeah, it's an iffy one, had a nice bump on Friday. Might gap to 6 tomorrow morning and I'll bail, well, maybe.
Posted by Upside on :
Hit my goal plus a cent or two. Gonna hang on for a bit here.
Posted by Upside on :
Kinda liking this report:
RedChip Independent Issues First Quarter Research Update On Bovie Medical, Corp. 11:19a ET July 10, 2007 (*********wire) RedChip Independent, a division of RedChip Companies, Inc., announced that it has issued a Bovie Medical, Corp. (AMEX:BVX) first quarter 2007 research update.
Holmes Osborne, CFA, RedChip Research Analyst, wrote in the report:
Bovie, founded in 1982 has twenty five years of operating history. The Company has a strong balance sheet including growth in its cash position from 1.29 million in FY05 to $2.95 million in FY06. This represents an increase of 129 percent. Bovie grew gross margins by 2.3 percent from FY05 to FY06. In addition, the Company has averaged 22 percent annual revenue growth from 2002 to 2006. BVX's continued revenue and earnings growth coupled with a low price tag make it an attractive Buy.
We established a target price of $8.82 on BVX. This is predicated upon a 5x price to sales ratio using the trailing twelve months of revenue. We examined the P/S ratio of industry peers, and competitors such as Medtronics and Zimmer trade at multiples of 5x and 6x respectively. BVX's multiple of 5x P/S is justified from their strong financial position, and explosive earnings growth in FY 2006.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
Disclosures
The analysts contributing to this BVX RedChip report do not hold any shares of BVX. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the BVX RedChip report. Additional information on the securities mentioned in this report is available upon request. This BVX RedChip report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the BVX RedChip report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. BVX is not a client of RedChip Companies, Inc., or any of its affiliates.
This news release was distributed by *********wire, www.*********wire.com Posted by T e x on :
great! will run some more charts...
Posted by T e x on :
yikes...charts still confuse me, so I asked host at SPR to have a look. He seems to think 6.40 to 6.45 not out of the question....
Posted by Upside on :
I'll take it. All the way to the boat store.
Posted by Upside on :
I don't know Tex, just coming out of oversold, Bolis are tightening (although still a bit of a gap), what don't you like about it?
Posted by T e x on :
Indicators all over the map. RSI shows oversold, Williams shows overbought, it's a madhouse and confusion reigns! We'll see, chances are I'm out of it today unless something dramatic happens.
Posted by T e x on :
ya...
so how'd it go today?
Posted by Upside on :
Down 2 cents. Still above my sell point though. I'll give it another day or so to insure a loss.
Posted by Upside on :
Out at 6.39. I'm a happy Up!
Posted by T e x on :
great! guess Simon knew what he was talking about...
Posted by Upside on :