EDGE TRADER

Tuesday, March 07, 2006

IIIN Insteel Products



Insteel has been blasting off in the past 30 days. This is an intreesting stock - the fundamentals look very good - this appears to be a well run company, with good financials and nearly no debt. They make steel reinforced concrete products. They gapped up in early February and have moved up 20 points since that day.

With the steepness of the increase one could be concerned that this might collapse. On the other hand, it could also start to make its way into the mainstream a little more....

It's hard not to think about this as a momentum play right now.

1 Comments:

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