The stock is starting to get rich here, even on my "aggressive" (ex-items) $2 EPS target for 2008. [Aug 7: Fuel Systems Solutions - Monster Quarter but Impairment Charge will Confuse] Analysts have a $1 EPS target. But since fundamentals mean nothing to me anymore we'll let the sweet chart keep talking. If we get mid $60s we'll take another layer out. Otherwise we are buyers on material pullbacks.
[Aug 4: Fuel Systems Solutions Garnering Attention]
[Jul 2: Bookkeeping: Buying Fuel Systems Solutions for the 3rd Piece of my Alternative Energy Basket]
Long Fuel Systems Solutions in fund and personal account
6 comments:
buddy says that "FSYS appears to be best play if one is bullish on the Pickens Plan (its actual success, not just its sound ideology)"
makes sense no? what if the plan doesn't succeed though... think the ideology is enough to give this company staying power?
I find Americans much too Ethno centric
There is a whole world out there - a world where countries are giving citizens rebates ($1800 in Australia) to convert. Countries where they are sick of being hostage to oil and converting city and state vehicles.
if you want to play Pickens plan your play is CLNE since its a similar idea but Pickens actually owns a huge stake.
This is the problem with many stocks now - they are bought and sold by Americans and judging by how self serving we are, most don't even realize there is a whole world going on out there - unless its a "buy oil to $148 since Chindia is rocking" theme - anything more sophisticated than that is beyond us.
I read 2 years ago that 70% of Americans could not pick Iraq out on a map, 5 years into a war. That pretty much sums it up.
Anyhow, FSYS is a global play on the conversion kits. If Pickens plan goes to hell, the rest of the world won't notice 1 bit.
it is good to see FSYS up today [and good that I hold it along with FXP in the same account that has CMED]; probably time to take the profit off the table
One thing I'm trying to do is let winners run to some degree. I have a bad habit of cutting winners off at the knees - luckily we had a large position to start in FSYS so despite selling at $48 and $56s we still have a goodly sized proportion.
But this market is so 2faced it could be down 15% tomorrow morning for all we know.
If it pulls back from here I am ok with it as well, most of my cost is in the $30s and some in low $40s.
CMED - amazing luck here to find the medical stock who decided to do a secondary. Quite a run of stock picking lately - in the wrong direction. Still just below where I bought but all that unrealized gain disappeared.
yeah, often if it wasn't for bad luck, I would have no luck
I also hold ICLR, the only stock I know that sinks into a split [tonight]. go figure
maybe health care turn into woodshed? It's the only one that hasn't visited hah
I was looking at finally adding that today at $82
just missed by a few cents it appears. Maybe I can get it down to 50 day moving average at $78 which it falls to every so often.
It was not a good day for medical CRO
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