Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Opnext lasewrs in on profits 0 comments
    Feb 24, 2011 1:24 PM | about stocks: OPXT
     Opnext (NASDAQ:OPXT) is an Hitachi spin-off that has momentum.  That's why I added it to the Barchart Van Meerten Speculative portfolio of stocks under $10.

     
    From the latest communications networks to new security systems, and from major advances in medical systems to high-demand consumer electronics, OPNEXT INC laser technologies add the spark of innovation to a world of new applications. The company's industry expertise, future-focused thinking and commitment to research and development combine in bringing to market solutions that are ready for the next generation of laser-based products. Formed out of Hitachi, Opnext has built on more than 30 years experience of advanced technology to establish its broad portfolio of solutions and solid reputation for excellence in service.


    Technical Factors:
     
    • 96% Barchart technical buy signal
    • 13 new highs and up 89.85% in the last month
    • Relative Strength Index 82.04% and still climbing
    • Trades around 3.78 with a 50 day moving average of 2.29
    Fundamental Factors:
    • Wall Street brokerage analysts have 2 strong buy recommendation out for their brokers to push
    • Sales are projected to increase by 13.50% this year and 18.70% next year
    • Earnings are estimated to increase by 21.60% this year, 70.00% next year and 14.00% annually for the next 5 years
    Investor Sentiment:
    • Motley Foll CAPS members vote 223 to 16 that the stock will beat the market
    • All Stars agree 85 to 8
    • Fool notes that the last 4 articles by Wall Street columnists have all been positive
    Jim Van Meerten is a portfolio advisor to Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com  in his daily blog -- Barchart Portfolio Blogs.
     


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Themes: long ideas, technology Stocks: OPXT
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $THO - 96% Barchart technical buy signals - 9 new highs and up 5.82% in the last month - Relative Strength Index 64.66%
    about 2 hours ago
  • $WBS - 96% Barchart technical buy signals - 9 new highs and up 8.43% in the last month - Relative Strength Index 65.51%
    about 2 hours ago
  • $WWAV - 96% Barchart technical - 12 new highs and up 20.74% in the last month - Relative Strength Index 75.25%
    about 2 hours ago
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.