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Non-Tech : Emcore Corporation (EMKR) -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (463)4/7/2008 6:19:05 PM
From: Rock_nj  Respond to of 640
 
One thing that really makes EMKR interesting, and why I have it in my retirement account, is that the company is projected to start showing earnings later this year and growing into next year. If that actually materializes, this stock will take off.



To: Hawkmoon who wrote (463)4/7/2008 6:22:40 PM
From: The Ox  Read Replies (1) | Respond to of 640
 
Just a note of caution. When stocks make their highs early in the day and then decline into the close, I usually take notice. This pattern is one where there are still plenty of sellers, possibly/probably more sellers then buyers. I find the early highs followed by price deterioration for the rest of the day is common when there is a bear raid/short attack. The implication is that they haven't left yet.

The overall price action the last 4 days is encouraging but today's pattern raises some concern to this observer.

jmo

TO