YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (11013)	8/22/2005 11:06:04 AM
From: Jibacoa	Read Replies (1) of 23958

Sergio, Re:CNXT It is having a good start today, but so is the general market.<g> The intraday resistance is at 1.67 which is also where it showed resistance on Friday afternoon. There was an uptick of 103,962 on the one minute chart at 9.54AM from 1.65 to 1.66 followed by another one of 71,392 from 1.66 to 1.67 at 9.55AM since then the 72,340 traded at 10.22AM were on a neutral tick at 1.65 The stock remains on the nearterm downtrend coming from the July 28 H at 1.93 It needs to close above the August 9 H of 1.84 The revenues in the last 3Qs have shown poor comparison with the 2004 results in spite of the fact that they have increased sequentially and the losses which have been cut sequentially also show a poor comparison with 2004 when results were on the black column, For 2005 the EL is around $0.34/shr vs. $0.07 on the black in 2004 and for 2006 the EE are around $0.03/shr on the black. It has a substantial LTD with a D/E around 1.26 Insiders hold a small % The short position has increased and the short ratio is around 1.8 It has been spending 25% in R&D The RS rating is around 45 and the PSML data at present: 1.65 1.64 1.70 & 1.68 with the SAR at 1.79 Today's volume remains low at 1,033,900 RAGL

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