Use access key #2 to skip to page content.

topsecret10 (< 20)

XRIT finally breaks out!

Recs

4

June 25, 2010 – Comments (6) | RELATED TICKERS: XRIT

XRIT  onward and upward...  Stock breaks out on heavy volume. Closes up 15% today at a fresh 52 week high of $3.98 on 18 times normal volume!  Have liked this one for quite a while. Company looks to be turning the corner which bodes well for the overall business climate. This little company may be little known to most Investors,but I consider them an (Under The Radar) bellwether with regard to our business cycle here In the U.S...  Their company Is closely tied to economic conditions here,and they may be ready to start beating the numbers as the economy strengthens...     :)   TS

6 Comments – Post Your Own

#1) On June 25, 2010 at 5:47 PM, SultanOfSwing (99.80) wrote:

deja vu?  allstarvulture just posted about ELOY which has similar end of day frantic buy action on basically no news.  I would like to pin it on High Frequency Trader (HFT) activity, but these are very low-float stocks.  Usually, HFT just ignore these.

Report this comment
#2) On June 26, 2010 at 12:59 AM, dragonLZ (87.34) wrote:

TS, I remember your post about XRIT when XRIT was at $2 and change. You said its chart looked great and I disagreed.

XRIT has almost doubled since then...

Great Call, TS (I'm not saying I was wrong, I'm just saying you were right... :) )

But there is one thing I agree with you: XRIT does tell a lot about our economy (especially about auto industry). 

Btw., do you know where XRIT's corporate headquarters are?

If you do, check my profile to see where I live... :)

Once again, great call and good luck in the future.

Report this comment
#3) On June 26, 2010 at 10:51 AM, topsecret10 (< 20) wrote:

 Thanks Dragon....  I think that this company Is one of my safer bets right now going forward. The volume on friday Indicates that Institutional Investors  are coming back. Would not be suprised If they beat on their numbers for the rest of the year..  :)  TS

Report this comment
#4) On June 27, 2010 at 5:14 PM, topsecret10 (< 20) wrote:

 Could be set to become a  "momentum stock" In the Intermediate term. Stock has held up very well with all of the markets ups and downs...  :)   TS

Report this comment
#5) On June 27, 2010 at 7:01 PM, topsecret10 (< 20) wrote:

 The analysts at this conference must of liked what they heard...   :)  TS     http://www.xrite.com/documents/company/en/Sidoti_en.pdf

Report this comment
#6) On July 07, 2010 at 7:46 PM, dare1182 (< 20) wrote:

I also remember your post abot RAS.. and how it will never reach $2 ever when it was trading around $ 4.25.... what a great call .hahha

Report this comment

Featured Broker Partners


Advertisement