Wednesday, September 21, 2011

Another Shoe Drops

Not much enthusiasm for the Fed's plan I guess. DNS -284, -52, -35.

Trades: none.

Reversal alerts: (4), all on the HLR script, not the more reliable T2 script.

LIWA is a Chinese copper alloy wire producer with triple digit sales growth and strong double digit earnings growth and a P/E of 3.3 and falling. There's a recent Buy recommendation and generally rising estimates. Only one analyst is covering it. With this low a multiple, there is obviously some skepticism with regard to the numbers. Research it. SCCO for comparison has comparable earnings grow, weaker sales growth, and a forward P/E of 10.5.

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