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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (20452)11/24/2006 6:02:45 PM
From: Jibacoa  Read Replies (1) of 23958
 
This Evening Star is not my Idea of a Good Long.Short Maybe ..

Ray, you can't blame people for taking some profits, me included, after the nice run from the 2.20 level on Oct.3(That's a 173% gain on 7/12 weeks or 1,197% annualized.<g>)

bigcharts.marketwatch.com

But remember that the same insiders that bought in August, bought again this month & that it has had 3Qs of better revenues & lower loss & it doesn't have significant LTD <g>

There is "resistance" at the $6 level, but if it can close above 6.30 it may try to test its January 2004 H at the $13.50 level & that could also be a nice % run.<g>

bigcharts.marketwatch.com

If you look at its "interesting" LTC it may discourage you from playing it from the short side.<g>

bigcharts.marketwatch.com

But if you have as much "cajones" as Ken & decide to go short anyway,better watch for some possible support at the $5 level.

At any rate, I think it is still worth of keeping it on my watch list.<g>
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