Or for short, the TCCCP Awards…these awards are brought to you by the belief that all low priced stocks are complete crap. I can generalize every stock under $20 that way because out of the thousands that are out there, less than a dozen will ever make it. Success is but a blip on screen of utter crap, so let’s just round it off and call them all crap.
They pretty much all have the same qualities—crap management, crap products, crap financing, crap marketcaps—aka marketcraps and crap revenues and crap profits. In fact, all this crap actually makes the details—company, industry, business model—rather irrelevant. Is it any wonder then that Wall Street pays little mind to these crappy things (to get a better sense of how crappy these companies are, you have to stop looking at them as businesses, they’re just things, as if found in a junkyard.)
The good news is that to hide the crappy reality and to sucker in, well, the suckers, they all have exciting stories, disseminated through eternally optimistic management, hype-filled press releases, “research reports”, newsletters, excitable message boards and chat rooms, blah blah blah. This hype is passed on from generation to generation of suckers—suckers are extraordinarily gifted story-tellers—JK Rowling would be proud—and this helps to spike up stocks of these crappy things every now and then in a rather predictable manner. Ah yes, mix the reality of crap with the fantasy of hype and you get remarkably similar chart patterns! So, let’s get to what the title of this post says:
Crap “Cutting-Edge” Companies Breaking Out:
A-Power Energy Generation Systems (APWR) – This post says it all. Its best of crap breed because it just keeps on keepin’ on, chart pattern is perfectly intact
Titan Machinery (TITN) Agriculture is so hot right now, great probly-something-screwy-going-on-behind-the-scenes fundamentals, breakout getting a little steep here
Yucheng Technologies Limited (YTEC) – China banking company, detailed here, so hot right now, so unaudited, so I-won’t believe-you-even-when-you-do-get-audited-because-China-has-no-standards!
Crap Companies That Have Been Rightfully Crushed:
Force Protection Inc. (FRPT) – Trying to convince investors (and themselves) they have a future, even as their competitors ramp and spending for their only product gets cut…not looking so good right now. It wins best of crap breed because it’s ones of the truest piles of crap that I’ve seen in a very long time, still so many suckers hoping and praying this doesn’t join the cemetery filled with tens of thousands of others true piles of crap.
SiRF Technology Holdings (SIRF) – Warned on earnings, detailed here, but could still get bought out, still value here, somewhere
Smith & Wesson Holding Corp (SWHC) – Warning after warning, no signs of rebound in sight, although you really never know with crap companies. Shareholders: get off your asses and pay a “newsletter” to pump you up! You’ll have 1-2 days to get out
Crap Solar Companies Trying To Rebound:
Canadian Solar (CSIQ) – Gotta love its name, considering it’s a Chinese company! It’s a best of crap breed because it’s the only one of its kind to breakout recently
Solarfun Power Holdings (SOLF) – Fun during its run-up, but now its inability to rebound foretells a chart similar to ye olde favorite alternative energy play Pacific Ethanol (PEIX), which also did some screwy financing deals during its heyday
China Sunenergy Co. Ltd. (CSUN) – No props for admitting to being a Chinese solar company in its name, maybe if they changed it to African Sun Energy, it’d perform better!
Crap Chinese Spikers Looking To Do What They Do Best:
China Natural Resources Inc. (CHNR) – Low floater actually bottomed nicely and is now uptrending, whaaaaat?!?!?!?!? It’s a best of crap breed because shorts are just baffled and they should be.
e-Future Information Technology (EFUT) – Great spiking ability, too bad it spends most of its time in the saloon near its lows—what a degenerate!
China Finance Online Co. (JRJC) – A “one-spike-wonder”, now it joins EFUT in the bar every day, reminiscing about the gold ‘ole days
SEC fun label: No positions, just stalking some of these bitches so hard, I’ll probly get slapped with a restraining order
Posted in Analogies, Patterns To Buy, Rants