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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1013)12/11/2007 1:22:09 PM
From: Jibacoa  Read Replies (1) of 1404
 
GNSS Had a good UG & went through the resistance from the $7.15 to the $8 level after it received a cash offer from STM to buy the company at $8.65/shr.

The stock is up 56%.<g>

bigcharts.marketwatch.com

In spite of the lower revenues & losses in the last 3 Qs, GNSS was selling around 0.6xBV with no significant LTD & +CF around $0.15

It seemed that the stock's R/R wasn't bad below the $10 level.<g>

bigcharts.marketwatch.com

STM Had also reported lower revenues & lower income in the first 2Qs, but on the 3rdQ the revenues were up 2% from the 2006 level & income was even at $0.24/shr. STM is selling around 1.45xBV & reportedly has $2.95 of +CF

The stock needs to close above the resistance at the $16 level.

bigcharts.marketwatch.com

But the R/R doesn't look bad at present level & with some good news it seems it could get to the $30 level in the next Yr.<g>

bigcharts.marketwatch.com

Bernard
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