it is stuck in the mud and just drifting south.... chartist note it put in a gravestone doji and failed to hold the 50 dma. Can you say "blow off top"?
All is not lost tho: Most of the time there is a coordinated P.R. blitz before earnings that gives the pps some momentum and they could sure use it. With retail on the sidelines, Institutional buyers are getting down on the cheap but If DJ fails to deliver this qtr those shares will get discounted even more. Too many other stocks calling to get tied up in CPST at the moment
Definitely not true regarding your chart comments.
There was a bullish hikkake pattern on the WEEKLY Capstone chart. The trigger price was $1.18. The pattern formed back on the week ending 8/30/13 and an entry based on this pattern would still be long (stops go at the low of the pattern which is $1.07).
The setup was discussed at length on this board a few weeks ago. If you search through the old posts you'll find it I believe.
zchuss, I have no idea what you are talking about, That is not a stand alone pattern but can only serve to confirm traditional chart formations imho. To be sure, charts cannot predict bullish upgrades and positive comments from sector analysts.
CPST got a much needed boost and as stated in the original post, they usually do a decent job with press releases heading into earnings. They need to patch together all that with a better than average qtr to sustain momentum, Sooooo,, it will be the fundamentals that set the tone
I hope you are right but it is just as easy to say there has been a lot of distribution going on in the last couple of weeks. It looks like this announcement also provided an opportunity to distribute more to the little fishes. I wonder if we''ll be all the way back to $1.12 or lower before the end of trading today.
Cowen is a bank and they do have analysts much like CPST manufactures turbines. In just a mild comparison I would say Cowen is to Goldman Sachs as CPST is to GE. So i guess we are talking small change here. That said, I would hope that CPST does gain traction here(read my entire post) since I intend to start accumulating shares
Dream on and mourn your doji failing to hold. So many ways to lose money in cpst, one needs some TA to cheer up. Some day the day will come when cpst will deliver your dream.
Sentiment: Strong Sell
okay turnipgroom gather round and let me explain myself per Dr Market Edge:
Blow Off Tops
Often bull to bear market transitions follow what is referred to as a "blow off top". Although this condition is not necessary for a major reversal to develop, it is critical that you have an understanding of its structure and act accordingly if one occurs. A blow off top usually occurs in the final phase of an extended up move. The blow off takes place on very high volume as the stock explodes to the upside, reverses and closes down for the day. The dynamics that create a blow off top develop from a buying exhaustion by the bulls who unload all of their firepower and are then overwhelmed by the supply of stock that comes out of the woodwork by the bears. Typically, this type of action occurs after a sustained advance that deletes the bull's cash reserves and, thus, support for the stock. If you ever experience a blow off top, prepare for an extended bear phase to develop.
Which leads one to wonder, exactly what are you doing here, Pat? You have repeatedly stated that you don't find CPST to be worthy of buying, so why are you here telling everyone your negative thoughts over and over again, Pat? Do you have an incentive? An ulterior motive, perhaps?
Why don't you go to the "worthy" stocks message board's, Pat?
No one is buying your trash-talk here!!!
Sentiment: Strong Buy