thanks for this spd - some stocks are influenced by overhead resistance, but this one lives beneath it like the troll under the bridge!
AUDC offering a nice entry point if you believe the theme of the last 2 years - buy the dips and wait for the takeout.
Dont know if you ever play energy but DEJ (with downtrend resistance back to 2007!) bumped against 12 month high today. As we know when NG plays get going, they can really run.
thanks for headsup on INUV and of course you are right - a suckers rally for sure. I salute the INUV management with a small verse from a favorite(of mine) 70s group, CSNY:
So we cheated and we lied and we tested
and we never failed to fail, it was the easiest thing to do.
most compelling states it well:
Looking at the weekly chart we can see that AudioCodes' recent pullback is in line with the types of pullbacks it has made on its move higher. I believe that the week will end with a bullish hammer pattern on the chart and the beginning of its next leg higher which should see it test $12 - $13 in the coming weeks.
I told you - shorts just dont go 10X a short position in a few days then turn around and cover - even when they are ultimately wrong. They are starting to dictate daily trade and I can only believe they are playing for a coming miss short-term because longer term things look bright.
I'm also long but was not aware that the direction from 9 to 10 went quickly 20% lower. The dilution is a heavy weight here and pumpers efforts to whistle past is not working. Longer term we're fine but was anyone besides me shocked yesterday how fast we went to 7!
Agreed - I think the story Tues will be how little has been covered. This has not moved up much based on the great press and that often implies a sizable short position fighting for every penny.
Well you know if enough of us started buying as the date approaches... It could really turn into a fine late summer outing, entertainment provided. We then all sell after Labor Day, finish off the company, and then a big "Some Gave All" toast for edgar!
OT..... Keep TALK on your radar screen. The volume on that stock has picked up quite a bit lately. GL.
spd, you are working on the call of the year with TALK - wanted to point that out quickly! Think it is still a buy
I may have overshot and will reapply for 'Master of the Milky Way' today. C3PO will speak to nominate me and hopefully Darth just wont make it - a decent voice, but big deal - I'm sure he has adult acne!!!
CCNI got the numbers longs were looking for - nice up move has begun and I'll predict afairly quick double digit return to join in - PEs of 5 get noticed in micro land.
well said. I was offended that we did not open today at $6.50, and was further inconvenienced at not being named emperor of the universe.
Master, may be time for a med check- your voices seem to be getting on one anothers nerves. Why not admit Velti is a scam stock. Patience and careful, but company that produces beetle dung cannot survive because beetles do it for free!
the parties who put on a huge short position in Jan will do anything possible to prevent an upside run. Trade here may become a lab in how shorters control a stock, but most of us what it to be a lab on how intense a squeeze can be!
Master simply knows no boundaries, and apparently no reason for Velti survival, other than Be Patient. Master may not know work of economist J.M Keynes, especially this thought:
“In the long run we are all dead”
truth told bought AUDC at 4.2 out at 5 and like confused deer in headlights since. To my knowledge I'm the only person on these boards who makes awful mistakes - all others buy and sell perfectly to the penny!
I always think of CVM as the bio version of AMD - they'll pull it off 1 of these centuries! No argument about what they are doing this week! You look at the TALK 1 year chart, does it remind you of another, like VELT? BE CAREFUL
You are very correct! The only other 5 year chart (of cos I follow) with that kind of chart is AUDC which continues like WYY, a strong buy! I think both want to break out again soon.
Nice call mott on WYY.
I would be careful though. Those AMEX stocks seem to fizzle out rather quickly.
spd and infinite, keep this one on your screen - I may have stumbled across a runner in WYY at present. Very bullish SA article today. Put a little in your accounts if there is room because a squeeze is possible and the chart shows almost no resistance when it gets past 2.