Hi Hotnspicy
Agree with your frustrations.
Hard to read this company since October 2005 when they went somewhat mute and changed their approach to keeping investors apprised.
FA points to much lower prices. i.e. Insider sells prior to the AM3, delay to announce AM3, 1 million more shorts added since Oct 05, etc.
Recent TA points to an upside trend break on the bollinger, woody on the AD (even when compared to the Jan 06 rise from $11 to $15), sliced thru the 90 MA with ease, MACD about to cross, slow stoch rising despite the final push down to close the window at 10.50, more daily volume the past 20 days, RSI poking above 50, ....
Although the February announcement of buying Merlon is positive, the rest of the month was certainly a disappointment, it bears out the way management have been conducting themselves.
While many things don't make FA sense, something is happening TA wise.
Anyone? |
