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Technology Stocks : CoSine Communications(COSN): -- Ignore unavailable to you. Want to Upgrade?


To: caly who wrote (44)5/17/2001 6:55:08 AM
From: TATRADER  Read Replies (1) | Respond to of 124
 
calypso, thanks for your comments....If you look at the ISLD chart, you will notice a similar pattern to COSN...
ISLD was a cup and handle pattern measured 1.50 by 2.50, giving a target of 3.50...Note the buyout on ISLD was at 3.40, pretty close, and TA predicted it....You will also note on the ISLD chart it took 14 days after the initial spike before we hit our target area....

COSN is on day 8....COSN pattern is 1.50 by 3.00, giving buyout price or huge news of 4.50 a share....Now I am stumped how there could be a buyout with Anschutz selling out early...But I follow the charts not any fundamentals or rumor mills....
So my prediction is that by Friday close May 25th, there will be rumblings that take this stock to 4.00+ a share....