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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (21382)12/22/2006 4:17:57 PM
From: Jibacoa  Read Replies (1) of 23958
 
Yes, it is still below BV in spite of the good run since Nov 13

bigcharts.marketwatch.com

The 3rdQ results corrected the slump on revenues with a good sequential improvement & slight improvement from the 2005 Q. Of course, the big thing was the loss of only $0.12/shr vs. the $2.16 in 2005 <g> The question is now how the 4thQ results will compare. In 2005 revenues were 15.2M & the loss $0.55/shr

The LTD isn't excessive, but it has a neg. CF of $0.84 & insiders hold < 10%

On its monthly chart the stock isn't off from the downtrend coming from its Apr 2004 at 60.78 <g>

The next resistance seems to be its Jul H at 3.92

Ifyou draw a line connecting the H of Nov 24 Nov 28, you will see that that trendline connects with the H on Dec7 as well as the Hs on Dec 21 & today.

It seems it is likely that it may retest support at the Dec 19 H of 2.97 or may dip to test support at the Dec.7 H of 2.75 Unless they can come out with some unexpected news, it seems better to take profits & wait for further developments.<g>

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