Dryships (DRYS): Start to Get Bullish?

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DRYS  has just broken all 3 Moving Averages resistance lines in the month of Nov. Current chart pattern looks bullish with 20D MA rising very fast to crossover 200D MA soon.  As long as DRYS stays above the 200D MA support of about $4.90, DRYS will probably start a nice bull run from now onwards. Note that DRYS has a tendancy to go on Parabolic Curve bull run base on the past chart pattern. Sit tight and hope everyone can enjoy this nice ride!  Check out the historical high of DRYS and your eyes will pop out!

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Sinotel Fundamental Analysis and Chart Pattern

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Sinotel Fundamental Analysis

  • Current Price = $0.335
  • IPO Price = $0.464
  • Current NAV = $0.365
  • Current PE = 4.57
  • Rolling PE = 4.64
  • FY08 PE =6.68
  • FY07 PE = 8.43
  • Dividend Yield = None
  • FY09 Net Profit Margin = 26.1%
  • FY09 ROA = 17.3%
  • FY09 ROE = 23.9%
  • FY09 Current Ratio = 3.34
  • FY09 Debt to Equity = 0.294

Sinotel Current Chart Pattern

Sinotel is forming a Descending Triangle with the support at $0.329. Breaking below this support level will continue Sinotel down trend. Also take note that Sinotal is currently trading below 20D, 50D and 200D MA.

In Summary, Sinotel fundamental looks good and currently price is not overvalue comparing current & Rolling PE with the past PE.  As long as Sinotel can stay above $0.329, current level looks like a good entry level.

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Sinomem Fundamental Analysis and Chart Pattern

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Sinomem Fundamental Analysis

  • Current Price = $0.485
  • IPO Price = $0.44
  • Current NAV = $0.534
  • Current PE = 10.5
  • Rolling PE = 7.2
  • Dividend Yield = 2.06%
  • FY09 Net Profit Margin = 17.7%
  • FY09 ROA = 6.6%
  • FY09 ROE = 9.2%
  • FY09 Current Ratio = 2.16
  • FY09 Debt to Equity = 0.13

Sinomem Current Chart Pattern

 Sinomem is currently forming a Descending Triangle with a very strong support at $0.47 (which is also a 61.8% Fibonacci Retracement Support). Breaking below this support level will give a very bearish chart pattern for Sinomem. However, breaking out from this Descending Triangle will send Sinomem to minimum price target of $0.72. Base on current PE ratio, this stock is not over value.

Base on Fundamental & Chart Pattern Analysis, Sinomem is not for long term value investing but good for short term trading when breakout. This analysis base on my own stock selection criteria.

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