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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (15243)2/13/2006 2:40:04 PM
From: Jibacoa  Read Replies (1) of 23958
 
Sergio,

MERX at 9.39AM traded at 8.82 after several good upticks.That was above Thursday H of 8.71 which in turn was higher than the Jan.4 H of 8.56 <g>

bigcharts.marketwatch.com

Since then it has been trying to hold above the 8.43 level (just above Friday's close of 8.42) Will see if that level will hold or if it will test the other support around 8.05 (As I am writing I just saw an uptick of 10,300 from 8.46 to 8.50 & the intraday RSI showing a nice rise.<g>)

The 2ndQ results were god & the pending 2 qs are expected to show a better comparison. Results for 2006 are expected on the black around $0.12/shr vs. loss of $0.01 in 2005 & for 2007 the EE are better around $0.35/shr.

It sell around 17.9x BV with PE in the 70s but the longer term prospects look good

bigcharts.marketwatch.com

Of course, there seems to have a good amount of resistance at the $10 level.<g>

bigcharts.marketwatch.com
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