The Playbook 100
AMAT @ $19.29 (Applied Materials) manufactures deposition, inspection, etching and cleaning equipment used in the fabrication of IC's and flat panel displays. However, it is their recent foray into the solar industry that has us intrigued. We are establishing a position here and will set our stop loss at $18.25.
Stocks Under $10
WATG @ $8.79 (Wonder Auto Technology) is a Chinese manufacturer of electrical components for the automotive industry. Revenues have increased between 25% and 55% during the last four quarters. Earnings increased between 33% and 55% during the same time frame and are expected to grow 30% this year and another 27% in 2009 to 0.99 cents a share. We've made money in this name in the past and are ready to revisit it here with a stop loss at $7.50. We'll add to position on any weakness that allows us to invest at $8.
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05-11-2008 10:05 PM