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Jim Van Meerten
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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
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Marketocracy Capital Management
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  • Dollar Thrift Auto - special situation 0 comments
    Mar 22, 2011 11:46 AM | about stocks: DTG
    This morning my Barchart new high screener detected price movement on Dollar Thrift Automotive Group (NYSE:DTG) so I added it as a short term holding in the Barchart Van Meerten New High portfolio.

     
    Recently there have been several suitors looking to acquire this company.  In the past I've noticed price movement just like this and have taken advantage.  My advice is to buy and as soon as the bid is announced sell at about 98% of the bid.  Don't hang around for a better bid or disapproval of the stock holders
     
    Technical Signals:
     
    • 100% Barchart technical buy signal
    • Trend Spotter (tm) buy signal
    • 13 new highs and up 12.18% in the last month
    • 5 new highs and up 7.69% in the last 5 trading session
    • Relative Strength Index is 85.60% and rising
    • Trades around 59.45 with a 50 day moving average of 51.71
     
    Themes: long idea, special situation Stocks: DTG
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