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Posted by Upside on :

Been recommending CLRK for a while now. It was stuck in a beautiful trading range between 18.00 and 20.00. They're one of the few companies on the forefront of LED lighting technology. They jus recently announced a licensing agreement with Ford. The stock jusmped to 21 on the news and has pulled back slightly to 20.60 or so. I'm looking for the 30's by mid to late summer with ample trading opportunities on the way.

Posted by fourseven on :

Fundamentally, this one makes sense. LEDs are going to be everywhere in the future. Corny as that sounds [Smile]

Looking at the chart, I see strong support around 17.25, another congestion zone around 19.30, and immediate resistance around 21.75 ..

As for course of action.. I'd wait to see whether it dips back down (it would be good to buy near the bottom of the trading range) or challenges the resistance succesfully. A break through 22.90 on strong volume would be a bullish thing.

Posted by fourseven on :

Oh.. and another one like it is PANL

Posted by Free Muney on :

panl had a good day today...

Posted by Upside on :

CLRK having a nice little run today. Can't find any news to attribute it to.

Posted by Upside on :

Another good day today with no news. Wish I knew what was up.

Posted by glassman on :

maybe the details of this are slowly leaking out?

Color Kinetics licenses auto lighting patents to Ford Motor
By Eamon Beltran
Last Update: 8:38 AM ET Apr 4, 2007

Financial terms of the global agreement weren't disclosed.
Color Kinetics, Boston, said Wednesday Ford may use Color Kinetics' color-controllable lighting in any of the automaker's branded or affiliate vehicles.

Posted by Upside on :

Could be Glass. If a slow leak is causing this reaction, then I want to see the spigot turned wide open! [Big Grin]

Posted by Upside on :

Being bought out by Philips Electronics for 34.00 per share cash. Don't know if I'm all that happy about it. It'll be a nice payday but I beleived that the stock would go much higher over time. Plus it was a great "stair-step" trading stock.

Posted by Bazooka on :

good call on this one upside.. glad it worked out for you.