quote:HQ Sustainable Maritime Industries, Inc. (HQS), is an integrated aquatic product producer, processor and farmer with the operations in the People's Republic of China (PRC) of toxin free tilapia, other aquatic products and marine bio and healthcare products. The Company's facilities are certified according to the Hazard Analysis Critical Control Points standards (HACCP) have been assigned a European Union (EU) code required for exporting aquatic products to the EU, and are certified in accordance with the Aquaculture Certification Counsel, Inc. (ACC) standards. HQSM's products are sold principally to customers in North America, Europe and Asia.
Street Fundamentals:
<> Right or wrong, there is a big campaign that the world is undergoing “overfishing”
<> Tilapia is 2nd only to salmon in sales (http://www.perishablesgroup.com/dnn/Portals/77/PG%20Trade%20Articles/Seafood%20Business/Jan%202009%20-%20Top%20Ten%20Fish.pdf)
<> They do most of their buisiness in China. You know what they say about China… If I could sell a toothpick to every person in China for 1 penny, I would be a millionaire.
<> Products are “healthy” and toxin free
<> Food is always a good hedge against inflation
<> Fish Farming follows with the “green initiative”. Sure, they have to dig ponds, but even hippies will cut down some trees to grow their tomatoes and they don’t have to worry about overfishing the ocean.
<> Company has a strong committment to quality which is a long term winner (http://www.reuters.com/article/pressRelease/idUS149164+12-Aug-2009+MW20090812)
<> Let’s face it. People want to eat fish. As the government keeps intervening, prices will just go up and up. Most people can’t afford to buy grouper in the supermarket, but they can afford Gorton’s f
interesting. I am a chartist: i only trade the technicals/price action and ignore fundamentals. the 2 yr chart looks like a trading range to me with stiff resistance under $10. I hope you’re right though.
interesting. I am a chartist: i only trade the technicals/price action and ignore fundamentals. the 2 yr chart looks like a trading range to me with stiff resistance under $10. I hope you’re right though.
Yep. As I mentioned, I want the stock to come down a little before I start putting any real money to work in it. It seems to be having some trouble at this height, so I will wait for a significant pullback. I do not own any at this point, but I do plan on buying some when it just becomes too tempting. At this point, it's on my "shopping list". Also, it seems like the market as a whole is due for a correction. Then again, I've been saying that for a while...
From a fundamentals story, it seems like a good proposition, but as mentioned, this might not be exactly the price I want to pick it up for…
Just a market order… I usually set limit orders in case I miss something, but I check back from time to time and see how close I am. For this one, I had set a limit order for $8.00, but then one morning when I checked out the price, noticed it was just 1% above my limit, so I just changed it to a market order and executed it.
I typically leave them open for things that I would be willing to hold onto for a while. Either that, or I set them way cheaper than I expect to get them for (like “best case scenarios”). If it’s a stock that I am taking a risk on, then I may not. Also, my limit orders are usually smaller than normal. It’s like I get an “alert” in email if the order fills and then I can decide whether or not I want to buy more or turn around and sell it right back.
But yes, I typically only buy (not short), so when there is a gap, I usually get it cheaper than I wanted anyway.
quote:HQ Sustainable Maritime Industries, Inc. (HQS), is an integrated aquatic product producer, processor and farmer with the operations in the People's Republic of China (PRC) of toxin free tilapia, other aquatic products and marine bio and healthcare products. The Company's facilities are certified according to the Hazard Analysis Critical Control Points standards (HACCP) have been assigned a European Union (EU) code required for exporting aquatic products to the EU, and are certified in accordance with the Aquaculture Certification Counsel, Inc. (ACC) standards. HQSM's products are sold principally to customers in North America, Europe and Asia.
Street Fundamentals:
<> Right or wrong, there is a big campaign that the world is undergoing “overfishing”
<> Tilapia is 2nd only to salmon in sales (http://www.perishablesgroup.com/dnn/Portals/77/PG%20Trade%20Articles/Seafood%20Business/Jan%202009%20-%20Top%20Ten%20Fish.pdf)
<> They do most of their buisiness in China. You know what they say about China… If I could sell a toothpick to every person in China for 1 penny, I would be a millionaire.
<> Products are “healthy” and toxin free
<> Food is always a good hedge against inflation
<> Fish Farming follows with the “green initiative”. Sure, they have to dig ponds, but even hippies will cut down some trees to grow their tomatoes and they don’t have to worry about overfishing the ocean.
<> Company has a strong committment to quality which is a long term winner (http://www.reuters.com/article/pressRelease/idUS149164+12-Aug-2009+MW20090812)
<> Let’s face it. People want to eat
I typically leave them open for things that I would be willing to hold onto for a while. Either that, or I set them way cheaper than I expect to get them for (like “best case scenarios”). If it’s a stock that I am taking a risk on, then I may not. Also, my limit orders are usually smaller than normal. It’s like I get an “alert” in email if the order fills and then I can decide whether or not I want to buy more or turn around and sell it right back.
But yes, I typically only buy (not short), so when there is a gap, I usually get it cheaper than I wanted anyway.
I had a market order at the open years ago on Nextel that gapped big at the open. That buy at $5.98 was the high price paid for the stock for the following 6 months. In between it visited the 2’s. The stock came around eventually, but I haven’t used a market order since.
mcvlbound. I should specify. I would never leave a market order open after hours. I just them during the day and they complete within a second or two, but I only leave limit orders in after hours. If the market gaps down, you will typically get it at the open price.