Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (1203)	8/10/2009 11:58:33 AM
From: Jibacoa	Respond to of 1404

SSP is up 26.37% as it continues the near term UT that started on Jul22 from the $2 level.<g> Volume is already > 2x its ADV. bigcharts.marketwatch.com It reported today its 2ndQ results and although revenues of $194M were 23% less than the $251M last Yr., the income was $2.3M ($0.04/shr) vs. a loss of $608M ($11.20/shr). (Last Yr. it had a 'non-cash charge' of $583M) <g> But SSP had a good loss on the 1stQ of the current Yr. and although it trades at 0.5xBV with +CF and the insiders hold >30% with institutions holding >60% of the float, it seems that with the EL for 2009 and 2010, the stock is 'overbought',<g> It looks like it should have a tough time dealing with the 'resistance' from the $7 to the $8 level, so in spite of the good report on the 2ndQ, I would stay away from it at present. bigcharts.marketwatch.com Bernard