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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1201)2/12/2010 3:34:16 PM
From: Jibacoa   of 1404
 
CSIQ is trading at $23 and it may be able to close near its intraday H.

Volume around 3,110,000 is above its ADV

The stock needs to close above the resistance at $24 where I may decide to pick some shares.<g>

bigcharts.marketwatch.com

Yesterday it announced that five of its solar module series, CS6P- 220P, 225P, 230P, CS5P-240M and CS5A- 180M, rank amongst the highest performing in last month's USA ratings, which are becoming universally accepted standards.

In spite of lower revenues, CSIQ has reported better earnings in the last 2Qs and if the EE are correct, the pending 4thQ results should show a good comparison, since in 2008 the Dec Q showed a loss of $1.39 and the current estimates are for CSIQ to finish the Yr on the black around $1.60 and for 2010 the EE are around $2.10 <g>

From Sep2007 to June 2008 the stock had a nice run from the $10 to the $51 level (I still have fond memories of that <g>)

bigcharts.marketwatch.com

Disclosure: I am now long CSIQ.<g>

Bernard
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