The PPT Algos nailed $ZSL yesterday as pointed out by Marc_david, and today it is the top performing ETF:
I’ll be back in a bit with some of today’s movers.
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Joined Jan 27, 2008
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Man you guys have the secret of Nimh locked in the PPT, nice call.
Meanwhile, good old-fashioned research tells me China’s economy is rebounding – consumer auto sales as well as industrial growth both up YoY and looking to continue. Old fashioned DD reveals Longwei Petroleum (LPH), an oil wholesaler, is in the sweet spot for QoQ EPS growth for the next 6 Qs, based on projected 70% FWD EPS growth from acquiring a third oil storage facility in September. Well-vetted for a China play – SAIC/SAT tax filing reconciliation vs. SEC covering 3 years, auditor direclty verified data on PRC computers in state tax office. CEO been with firm 17 years since inception, owns 33%, and protects shareholder value by resciding S-3 2 years ago forcapital raise, instead acquiring with cash from earnings, and by allowing all remaining warrants from 2009 to expire worthless by end of Nov.