Bottoms Up

I’ve noticed some bottoming out of a few of my favorite stocks, and a couple getting ready to climb.

• CBTE – around 40 cents. near or at bottom and way undervalued.
• BLTA.OB – lots of volume the last few days. the FAA has stopped asking questions about the airplanes and is now asking about the company, executives, vendors, etc.  that means the airplanes are ok. seems to me they’re close to flying! buy while you can! also, they just released their quarterly report – here. still no sales obviously but spending is way down. according to the report they have enough cash for at least another year of waiting plus the first several flights.
• CHCG – its under $1 right now, although its the strongest electronics retailer in China (the Best Buy of China). i know, retail is a no-no right now, but since China’s government just infused over $500 billion into their economy, I don’t think they are going to see a recession. at least not to the scale of the rest of the world. CHCG is a bargain right now.
• AMHI – it might be your last days to buy this stock before it starts climbing. they just sent out a press release – here – saying their sales are starting to climb and they have several sales contracts either signed or pending. solid company, but now backed by some actual profits!
• AMZN – down nearly $70 from its 52-week high, this stock is a steal right now. clearly this stock devaluation shows how broke Wall Street is these days. all this selling off of strong companies can only mean one thing – brokers are broke! Amazon will be around forever. i do think it will go lower before it starts climbing again, since we’re headed into what analysts expect will be the worst holiday season in over a decade. I’ll keep an eye on it tho.

You can buy pretty much anything dirt cheap right now. Just make sure the company has enough cash to weather the storm (say 2 years of operating costs). Right now is the time to invest for your retirement!