Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1246)	9/17/2009 12:40:27 AM
From: Jibacoa	of 1404

Taking a second look at CGA, it seems that the support to watch is the Aug 17 L of $10.77 Although the 4thQ (June) results were pretty good, the estimates by Thomson-Reuters for 2010 are around $0.85 which although higher than the $0.78 earned in 2009, will be a lower % improvement compared to this Yr., since earnings in 2008 were $0.53 However, for 2011 the EE are around $1.35 and since CGA doesn't have significant LTD,it has +CF and the insiders hold around 30%, it still seems worth of keeping a close tab on it. The short interest went up 67% in the last month, but it is still less than the ADV.<g> CGA has resistance at the $13.80 level and then at $15. On a close above $15 it could get to the $20 level, but don't expect for it to close the DG above $25 <g> bigcharts.marketwatch.com Bernard

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