Tony's Stock Talk: 02/01/2005

TC2000 March Meetup

When:

Monday, March 7, 2005 at 7:00 PM
Where:
Barnes & Noble Booksellers
380 Walt Whitman Rd (Cafe)
Huntington Station, NY 11746
631-421-9886

GGB: Summary for GERDAU SA ADS - Yahoo! Finance

GGB: Summary for GERDAU SA ADS - Yahoo! Finance
New 52 Week high and a mention on Briefing.com today Fri 2/25 @

2:58PM Gerdau -- New High Profile (GGB) 18.70 -0.01: Steel stocks are up again today. A name in the group that has underperformed is Gerdau, the largest steel producer in Brazil, which is near a new 52-week high. Most in the US have not heard of them, but this is a $5.6 bln market cap company. Some foreign steel stocks have been bid higher (PKX and SIM to name a couple), but Gerdau has underperformed. The co recently reported Q4 profit up 63% yoy... An interesting kicker is the co's exposure to iron ore. The co said, according to Reuters, that it planned to start tapping one of three Brazilian iron ore deposits it owned in 2006, which holds some 500 mln tons of iron ore. Any regular reader of InPlay knows we have been covering the surge in iron ore prices (RIO recently got a 71% price increase with Nippon Steel). Perhaps GGB can save a "ton" of money by mining their own mines. Also, the stock has done little. Most names have surged, but GGB is up a measly 12% since mid-August. Last month, we profiled fellow Brazilian steelmaker, Comp Siderurgica (SID 25.86 +0.25) on this page at $20.32 for a 27% move in one month. Also, Mexican steel producer Grupo Simec (SIM 7.60 -0.02) is up 79% from our November profile. Mkt cap $5.6 bln, float 133 mln, avg vol 519K.

TC2005

What's New in TeleChart: Worden Brothers, Inc.

I have been meaning to get around to downloading this beta and trying it out. It is now released and all TC2000 users will need to move to this in late March. I downloaded it and will be trying it out this weekend. Looks great! I like the ability to use it on 2 computers and the 2 monitor support looks like something I will have to try. Just what I needed, a reason to dump that bulky CRT on my desk for a new LCD monitor! I am pretty sure my laptop can support the dual monitors.

Bloglines Stocks & Financial feeds

Bloglines Stocks & Financial feeds
My Bloglines stock and financial related feeds. Worth checking out!

Napco 2Q Profit Rises but Shares Slip

Napco 2Q Profit Rises but Shares Slip
Diasppointing downward move for a pretty decent earnings report. I think this is over done and that it will recover within a few days to a few weeks. I still have a good % gain on this one, so I am going to be patient and see what happens in the near future. FWIW, I was away from the screen when this went down this AM, but I tried to pick up some more around 11.50 mark, but it had already started to recover some by then. Live and learn!

Stocks and Bonds Blogs, Financial Blogs, Stock Market Blogs, Business Blogs - PhatInvestor

Stocks and Bonds Blogs, Financial Blogs, Stock Market Blogs, Business Blogs - PhatInvestor
I saw this site on my referrer's list. Looks like some good reading. I have a few of these on my Bloglines Blogroll. I've got some reading to do on the ones I haven't seen yet.

Google Financial Information: XOM

Google Financial Information: XOM
3 Year chart of Exxon Mobil XOM as it breaks out currently to new 52 week highs. I have been in this stock since my monthly $100 Dollar Cost Averaging purchases when I used a broker at Edward Jones. I decided to take a look back and I see that I purchased by first 2+ shares at 38.44 back in Feb, 2002. I stopped the DCA in Feb or March of 2004 when I moved by account to my online TD Waterhouse to more aggressively manage (trade) it. I only have 68 shares of this, but it is nice to see a nice steady gainer in my holdings. I almost sold out recently when it had trouble holding 50. For now, glad I am still in it.