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Strategies & Market Trends : Charts on Near Term Uotrends

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To: ~digs who wrote (957)12/13/2006 10:34:46 PM
From: Jibacoa  Read Replies (2) of 1404
 
Dave,

MOBI seems to have support at the $7 level. (As you know, that's a little above MBR.<g>)

The 1stQ results were good with 6% better revenues & 67% better earnings compared with 2006.(that was the 4thQ on a roll of better revenues & earnings,but the EE for 2007 won't show that good comparison with 2006 if they are correct since earnings will only improve by $0.02.<g> (Of course those EE could be wrong.)

The Nov.13 spike was apparently due to the conference it held at ISOTech 2006 in Kissimmee & their partnership with Whitehill.

The stock trades around 2.8xBV, has no significant LTD, has +CF,insiders hold around 50% & the SR is still more than 8x its DAvgV, down more than 15% in the last month.

If their earnings come out better than expected, with the help of the partnership with WTH & the stock can close above the Nov.13 H of 7.67 (making a 52wks H) the next resistance would be the $8 level (the H in Jan.2005 & then the $9.19 H of Oct.2004)

CALM was able to cut down some of its loss on the 1stQ & was able to declare its dividend in spite of its reported cash down more than $12M from the 4thQ It made a 52wks H on Nov.10 & came down after the double top at the same level the next day. It seems to have support at the $8 level.It needs to close above 8.30 in order to retest the double top level

The move from the $7 to the $8.45 level in Nov. was a 20.7% gain from Nov.6 to Nov13 (on 5 trading days or better than 1,035% annualized, which is not bad these days.<g>)

Today it was up 2.62% & was able to stay up AHs.<g>

bigcharts.marketwatch.com

Bernard
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