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Cobra Electronics Corporation Message Board

  • longtimefollower longtimefollower Dec 23, 2011 1:25 AM Flag

    Finally some buying came in on Thursday.

    I was thinking the extreme low $4's was too low for this stock, and that should bring out some of those looking to accumulate.

    $4.40-4.65 seems like a comfortable trading area for both buyers and sellers, for now, before the eventual move higher I expect. We're building a nice base in here, since the previous earnings report (when we were trading generally in the mid $3's range), that will be a springboard to a move to higher levels (although it will be interesting to see how easily we "re-challenge" resistance (probably nominal) at $5.

    Merry merry...

4.280.00(0.00%)Oct 8 3:58 PMEDT

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