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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Lake Entertainment hits new highs 4 comments
    Aug 24, 2011 11:54 AM | about stocks: LACO
    This morning I added Lakes Entertainment (LACO) to the Barchart Van Meerten Speculative portfolio for adding 11 new highs in the last month

     
    Barchart technical indicators:
     
    • 100% Barchart short term technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 18.35% in the last month
    • Relative Strength Index is 70.72% and rising
    • Barchart computes a technical support level at 2.09
    • Recently traded at 2.58 which is above its 50 day moving average of 2.22
    Jim Van Meerten is a Marketocracy Master
    Themes: long ideas Stocks: LACO
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Comments (4)
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  • Thanks for this info, Jim. I first came across LACO in Amit Chokshi's quarterly letter and both his and your evaluations have helped me a great deal so I plan to buy LACO Monday morning. Has your opinion changed at all since you wrote this post?
    3 Mar 2012, 01:54 AM Reply Like
  • Author’s reply » My opinion has changed: http://bit.ly/zxkrSA
    3 Mar 2012, 10:44 AM Reply Like
  • Thank you. After asking the question, I read the two articles below and dug deeper into the financials, which together changed my opinion as well.

     

    http://bit.ly/wJyQvx

     

    http://bit.ly/y0n8dT
    3 Mar 2012, 10:49 AM Reply Like
  • Author’s reply » DAG - good call - always check to see in info is stale. I always run a new chart on Barchart before I push the buy or sell button
    3 Mar 2012, 11:26 AM Reply Like
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