May 25, 2011

IPGP

IPGP is acting very systematic and gentle manner. No big sell offs during the market correction.
Big up volume.
I will buy if the market reaction is good.
EPS / Sales (460/74, 700/86, 571/95) has increased from the last three quarters and industry Rank would be 14.
No of funds has increased from last three quarters.
What else does it need to buy ?

Volume is up today as compared to yesterday. Its a good sign. Need to see more follow thru days to determine the direction of the market. Until then it would be better in CASH.
Breakouts happened with low quality stocks.
Market is waiting to Fed news. Until then market will consolidate or stabilize to move upwards.
Patience is key here.