Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Galirayo who wrote (952)	12/12/2006 7:56:21 PM
From: Jibacoa	Read Replies (1) of 1404

As I mentioned, "it needed to close above the $3 level" <g> On Dec. 5 it traded as H as 3.90, but closed at 2.50 & the next day the H was only 2.59 closing at 2.09. If you thought that was a Hirami or another of your favorite candles, to me it was just a good warning to stay away from it especially when on Nov.7 it continued to drift down. Now is getting close to the interesting level (1.50 to 1.70) & I think it merits to keep an eye on it again. I mentioned that the 2ndQ results were bad with the loss $0.99/shr vs. $0.11/shr in 2006, & it is the insiders buying in spite that they reportedly hold more than 60%, so the float is only around 2M, the fact that it trades around 0.3xBV with a +CF that makes me keep it on a "watch list".But at present I am just watching it.<g> BTW Its other short run (Jun.30 to Jul.14) from 2.50 to 4.50 wasn't bad.<g> (80% in 12 trading days or around 1650% annualized.<g>)

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