Well, it's back. In a flash, today they traded 1M shares, and went from .58 yesterday, to .685 today. I'm bringing this one up again, because it should be a technical no brainer. Check it out. bigcharts.marketwatch.com
There's two peaks back in April/May of 02, both near $0.70, subsequent to that, there was an intermediate peak to $0.60, in Aug 02. The price got near 0.60 in Jan 03, and when it hit $0.60 in late Feb, it punched through to $0.71.
The price retreated to that $0.60 resistance area, finding support over the last week or so. Some volume today has returned the price tothe $0.70 range. Note, that the previous support level at this price occured way back in Dec 01, so the 0.70-75 range should be some resistance now. However, if it breaks through 0.75, I would suspect a fairly easy push back to $1. A "safe" gain for 25-30%??
A coupla other things. The volume is much better thanit has ben in the past. It's also, IMO a good little company, buying back debt, expanding sales, etc. Listing price minimum for the AMEX, to which they've hinted they'd like to apply, is $3.
I'm in at 0.43 a few months ago, and a few other little entries since then.
Looks even better on a weekly basis... siliconinvestor.com |
