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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (11438)9/2/2005 2:53:07 PM
From: Jibacoa  Read Replies (3) of 23958
 
FNSR Yes, it started with a good upgap today. The 2nd Q revenues were up 32% to 81.7M and the loss was cut to $0.03/shr vs. the $0.06/shr in 2004.

For 2005 the EL is around $0.05 and if that is correct, the remaining 2Qs most be in the black vs. the loss of $0.09/shr in 2004. For 2006 the EE are around $0.05/shr on the black.

It received an "upgrade" from Needham today.

The stock is up more than 26% and volume has expanded to 14,266,345 already.

It is trading above its resistance at the 1.12 level from its July Hs but it still needs to close above its June 9 H of 1.33

bigcharts.marketwatch.com

The nearest intraday support is now at 1.11 and nearest resistance at 1.16 Will see if it can manage to close above 1.18 which I doubt in view of the long weekend ahead.

The long term chart on FNST remains "interesting".<g>

bigcharts.marketwatch.com
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