Posted
Apr 04 2008, 01:56 PM
by
Dave Dispennette
The Playbook 100
SUP @ $21.49 (Superior Industries) manufactures cast and forged aluminum wheels for U.S., European and Japanese automotive OEM's. Earnings are expected to increase 54% this year and another 45% in 2009. We are establishing half a position here and will enter the remaining half on a pull back to $19.75. Our stop loss will be set at $18.75.
Foreign Stocks
SDTH @ $8.70 (Shengdatech) is a Chinese manufacturer of coal-based chemicals and nano precipitated Calcium Carbonate primarily sold in North China. We originally recommended this stock on 11/18/07 at $7.18 and sold it for a profit between 57% and 100% within a couple of months. We are now ready to revisit it again at these levels. We feel the bottom is in, so we will establish a position here and set a close below $8 as our stop loss.
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