|Day Low/High||7.65 / 7.93|
|52 Wk Low/High||6.13 / 11.30|
We will buy more shares of Black Box, and Energy Recovery has been awarded new desalination contracts.
We added to several positions on weakness during a challenging last week for the stock market.
We exited one position and added to another as volatility returned to the stock market last week.
It was a mixed week for the portfolio as we trimmed one position and added to the Bullpen.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Last week, we closed a position for a large gain and used some of the proceeds to start a small stake in a fracking and desalination name.
Energy Recovery is giving us a second chance to get in.
Investors in Energy Recovery Inc saw new options become available this week, for the August 2018 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Now, the stock looks technically overbought. You still could see a short squeeze.
Here's what you need to know now for Monday, Nov. 6.
Saudi Arabia is unlikely to mess with Prince al-Waleed's holdings even after putting him under arrest over the weekend.
I'll be in the weeds. When they sell them, I'll be looking to score some shares around $7.40.
Investors in Energy Recovery Inc saw new options become available this week, for the May 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
The most recent short interest data was recently released for the 08/15/2017 settlement date, and Energy Recovery Inc is one of the most shorted stocks of the Russell 3000, based on 12.68 "days to cover" versus the median component at 5.20. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
Energy Recovery has been going wrong all year; but it has potential.
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