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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (13427)6/13/2009 2:03:06 PM
From: robert b furman  Read Replies (1) of 13449
 
Hi Dabum,

Good to see your post again,I hope all has gone well for you.

In an effort to contribute to the group of traders here,I'd like to highlight a stock I've owned for a very long time.

It has been in what I believe is accumulation in the last 2 weeks.

There have been good bid sizes on recent dips and the dips have been less deep.

Friday there was an uncharacteristicaly large bid size of 20,400 shares at 7.10.About 1200-1500 of these were filled as smaller traders kept jumping in front of this large bid.

The stock closed strong on the day at what could well be a launching pad for a breakout.

The company has recently invested in a global broadband satellite hub distribution network that generates reocurring income in addition to the revenue received from the sale of their boat (maritime) and narrow body plane antennae.

I'd very much appreciate the groups analysis and I hope that I can introduce it to the various posters on this thread before we get another upward move.

I do not intend this to be a spam - please do not take it that way,rather I hope it is a way of repaying the several dynamic trading techniques that I've profited from - as a result of reading this thread.

One big question is will that October gap get filled?

No doubt there is some overhead resistance to work through up in the 9ish range.

If the gap gets filled ,should not 8.00 to 8.50 be support - support that would be a $1.00 to &1.50 above the price now?

The strong buying that has developed recently and the golden cross all add up to an earnings event that might be rewarding??

stockcharts.com

Set up for a breakout??

Bob
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