Why didn't that [AIRN/ARDI] Chart work ??
Well, lets look at ARDI & AIRN again.<g>
ARDI Hasn't closed its Sep.8 upgap (I am not sure if that was an exhaustion,breakaway,continuation, or just a common gap.<g>)
But ARDI has had 4Qs of better revenues, the loss was cut some in the last Q & things are expected to get better in the remaining 2Qs for the current Yr. and the 4Qs for 2007 since in spite of the $0.09/shr loss in the 1st 2 Qs it is expected to close 2006 on the black with $0.05/shr & the EE for 2007 are around $0.20/shr.
AIRN already closed its June 30 downgap (again I am not sure which type that was.<g>)
But AIRN also has had 4Qs of better revenues, (especially on the last one)however, it hasn't been able to trim its loss, which for 2006 it is expected to be around $0.44/shr vs. $0.40/shr in 2005 & for 2007 it is expected to close on the black at less than $0.05/shr.
Now lets look at potential $$$ that could have been made with those "gaps".<g>
If you had bought ARDI at $5 on Sep.8 (the day of the upgap when the H was $5.14) & sold today at $6, you could have made a 11.11% gain on 9 trading days. (That's is around 288% annualized, not bad.<g>)
If you had bought AIRN at $1.90 at the end of July (when it was forming a base)& sold at $3.05 on Aug.10 (the H that day was $3.09) you could have made a 60.5% gain on about 9 trading days.(That's more than 1,500% annualized! <g>)
It seems that waiting for the close of the downgap was better.<g> |
