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June 18, 2008

SpeculatingStocks.com Stock Pick: Asia Time Corporation (TYM)

Stock Price: $5.08


Asia Time Corporation, a Hong Kong, China based company distributes watch movements components used in the manufacture and assembly of watches. The company also designs watches for manufacturers and exporters of watches, as well as manufactures and distributes watches primarily to Internet marketers.

On May 15th, TYM reported first quarter results with revenue of $36.8 million and net income of $2.4 million, compared to $21.1 million and a net loss of $193,000 over the same period last year. On the earnings news, TYM jumped close to $7.00 a share. The move was short lived and the stock settled back down at the $4.50 level.

TYM is trading at a market cap of only $126.80 million.

Based on TYM's financials and chart, it is very attractive at this time. TYM has gained momentum the past two days and broke through its 50-day moving average on over three times average volume.

TYM is coming back into play and we believe it could move strong the next few trading days and complete its chart pattern.

 
     
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