On my comments about CGA, I placed a link to some comments by Paul Whitfield, who makes occsional comments in YHOO Finance, although I think he works for IBD
At any rate,Paul W. seems to follow the stocks from the TA point of view,rather than Paul Senior's mainly fundie approach.<g>
Back in Sep 22 he had a comment in YHOO about RINO. another stock that I have followed.<g>
finance.yahoo.com
At that time the stock was starting to move up above $15 although it was still below its Aug 6-Aug 7 double top at the $17.75 level.
bigcharts.marketwatch.com
RINO has good numbers for the last 4Qs and it certainly has had a good move since Apr 2 when it started to move up from the $2.50 level.<g>
bigcharts.marketwatch.com
But as Paul W. mentioned last month, the stock volume was too low, the kind that Paul S.,usually doesn't mind if the numbers are right.<g>
Volume did pick up on July 7 when there were 408,300 shrs traded and by July 17 volume had expanded to 796,600
The move from Sep 22, the day of Paul W. comments to the Oct 14 H of $27.30 was a good % one, albeit not as good as the one from Apr2 to Aug 6 <g>
RINO isn't off from its near term DT coming from its Oct 14 H and in spite of today's 8.86% up move, it seems the stock needs to form another base before testing the resistance at the $25 level.
But the stock remains 'interesting' with the EE around $1.85 vs. $0.85 last Yr. and the news about the $18.4M contract with the government of Dalian Development District.
finance.yahoo.com
The numbers for the remaining 2Qs are expected to show a good comparison. especially since the last Q in 2008 although better than in 2007, the earnings were lower on a sequential basis on small dip on revenues, and that isn't expected this Yr.
RINO is also the type of stock that Paul S. usually likes, it has a good +CF, NLTD and the insiders holding more than 60% <g>
The ACTAY is $33 and I will keep my 'target' at $35 but wait for further 'base formation'.<g>
bigcharts.marketwatch.com
Bernard |
