Date Close Volume 07/06/2004 2.310 126,126,500 07/02/2004 4.080 4,992,591
stock just took a 43.83% loss, it should bounce back.
Garfield1981
posted
I bought it at 2.30 yesterday. It is still going down. How long should I hold on to this?
Garfield1981
posted
It bounces back today. Let's see can it make over $2.50 by the end of today.
pennykid
posted
This is the reason the stock went down
The volume winner on the Nasdaq Tuesday was Conexant Systems Inc. (Nasdaq:CNXT). Conexant on Tuesday said quarterly earnings could be less than half its prior outlook, citing cheaper short-range wireless chips from Taiwan. Shares of Conexant were down $1.77 on Tuesday (43.38%) to end at $2.31 on volume of 125,203,796.
So i wouldn't keep this stock too long maybe sell at 2.75 to 3.00 range
Garfield1981
posted
quote:Originally posted by pennykid: This is the reason the stock went down
The volume winner on the Nasdaq Tuesday was Conexant Systems Inc. (Nasdaq:CNXT). Conexant on Tuesday said quarterly earnings could be less than half its prior outlook, citing cheaper short-range wireless chips from Taiwan. Shares of Conexant were down $1.77 on Tuesday (43.38%) to end at $2.31 on volume of 125,203,796.
So i wouldn't keep this stock too long maybe sell at 2.75 to 3.00 range
Yea, I hope it will bounce back abit and I can get my profit and run away, lol. Thanks for the input
Peaser01
posted
elfstroman
posted
Guys, im new here. I really like that stock you picked. This site is great. Check out this one for me because i think it may be worthwhile. (OTD) Oil To Desiel Corp. I like the slow stochastic and MACD charts on it. Do you think its to high risk?
ladybird
posted
You in on CNXT, Peaser? I am.
Peaser01
posted
Sure am ladybird. Been watching this one since last year.
ladybird
posted
Yeah, this has been a great swing stock.
Hey Peaser I'm lousy on charts. Can you help me a little. I understand RSI and I get MACD. I don't understand the signifigance of Bollinger bands.
They are helpful in picking bottoms and tops of runs, very helpful when swing trading. Hope the link helps you out. It just takes a little practice using them, then before you know it, you're an old pro.
ladybird
posted
Thanks a lot for the link!
Peaser01
posted
You're welcome!
Peaser01
posted
Earnings due out today.
Wall Street has the estimated earnings at .02, we'll see what happens.
Peaser01
posted
CNXT: Q2 Earnings Call * 17:00 ET Today
Conexant Systems Inc (Nasdaq NM : CNXT) will host a conference call to discuss its Q2 2006 financial results.
Call Details
When : Thursday, April 27, 2006 Webcast : Click Here to Listen Phone # : 866-650-4882 Intl # : 706-679-7338 Passcode : Conexant Replay Information
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