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on Thursday, July 5th, 2007 at 2:35 PM and is filed under Closed Winners.
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volume is supporting the upside trend, the real barrier here is at 1.6 when big short positions were build up. A retest of 1.5 is more then welcome if on low volume.
From my view point this stock has just begin an upside cycle that if supported by some REAL good news, could be really huge.
Next earnings release: Jul 26 after market, unconfirmed. Reuters Research estimate: -0.04
Posted earlier
14
claudio says:
July 5th, 2007 at 11:03 am
edit
Well today july 5, 2007 I bought 50,000 sahres at 1.40.
If it break 1.44 we go till 1.52
15
ThatStockGuy says:
July 5th, 2007 at 11:15 am
edit
I totally agree Claudio! It’s setting up for something here. I’m showing resistance at 1.41.
http://tsg.gotdns.com:8082/charts/cnxt7-5.htm
I let a few go at 1.53 +8.5%
Pretty strong close, will see what tomorrow brings.
volume is supporting the upside trend, the real barrier here is at 1.6 when big short positions were build up. A retest of 1.5 is more then welcome if on low volume.
From my view point this stock has just begin an upside cycle that if supported by some REAL good news, could be really huge.
Next earnings release: Jul 26 after market, unconfirmed. Reuters Research estimate: -0.04
Very nice reversal today. Very possible for a 3rd leg here.
and we have a 2.5 million share insider purchase made by the new CEO
Edited by TSG, sorry Claudio the first 1/2 of your message got lost. I found the original in my inbox.
Another one closed 1.43