[Charts]
<<<Cumulative Money Flow is unbelieveable after the last 30 days price drop. It's at a 2 yr High.
Looks Bullish to me short term. And Bullish longer term after it crosses to rest above the 200DMA. Slow and steady will get it there.>>>
Thanks for the fantastic analysis. There seems to be lots of positive indicators with some close to triggering.
Now, being who I am, I went back to the press releases to see what happened in mid September to shoot the stock up --- contract announcement --- and then again in late October --- quarterly report was positive, 65% increase in DSP revenues, ahead of schedule. From then on, it was downhill, and I can't find anything company-related, so it was no doubt triggered by the Asian crisis on Oct. 28. It's been in a nose-dive until the past six or seven days.
Being new to the stock, I don't know what's likely to push it above the 100 DMA, but I'll certainly try to find out and have a couple leads already.
If you have any questions you want asked, let me know, as I'll be making some calls on Monday.
Thanks again for providing the analysis. I'll do my best to find out about likely contracts, what's up with the Hurricane chip, who the competition is and how threatening.
As for the holidays, I haven't done any shopping, but jeeez-Louise, with three daughters here my laundry's been humming for days. What do they do, let it pile up it for weeks knowing they're going home????
That's a rhetorical question. Sort of like does the sun rise in the east? :))
Night --
Pat
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