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  • fastmoneypete fastmoneypete Nov 26, 2012 3:45 PM Flag

    Dec 17.50 calls surging

    960 Dec 17.50 calls traded (84% at the ask) vs. open interest of only 741. Premiums are up 450% over yesterday's close, or 55 cents. Overall today, call to put ratio is a very bullish 6:1. The market is betting on a 16% rise PPS Dec 21.
    Pete likes this one.

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    • topline1 Nov 26, 2012 4:27 PM Flag

      Wow looks like I may have sold out most of my position too early. Made some good money and still have a little riding -all with the house money at this point. - good luck to all longs - The easy part is buying value - the hard part is knowing when to sell...

      Sentiment: Hold

      • 1 Reply to topline1
      • Uh, let's play a little game. I know of a stock that is trading at a p/e of roughly 7, has no debt, pays a dividend of almost 4%, has $3.50 in cash in the bank, and trades at less than 1/2 of one years sales. Is that a value stock? By almost any measure you'd have to say yes. Surprise! That's Nam Tai at the close today. So I'd say it's the easy part to buy (or at a minimum hold) value.

        No Wall Street firms are yet providing earnings guidance, despite this being a company easily large enough to join the S&P 600 Small Cap average. As crazy as it sounds, this is still an undervalued story.

        I just did a screen in my database of 8,000 stocks looking for issues with a p/e under 8, a dividend over 3%, currently profitable and with no long term debt. Want to guess how many stocks made that value screen? Two, one of which is Nam Tai.

        The easy part is buying value. Good news, with Nam Tai it's still the easy part.