quote:Originally posted by grjohnso: SYXI - On the verge of a major breakout!
Greg, just out of curiosity, how did you come to this conclusion? I'm just looking for stocks to buy and wanna know what analysis you use to draw this conclusion? thanks.
Posts: 123 | From: Fremont, CA, USA | Registered: Oct 2003
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posted
As Art always says: Let's hope we can find some hidden gems in the trash ...
SYXI is very interesting, since it had what I thought to be a very good quarterly report come out after the close. It dropped further to 9.2 in the extended hours trading. Did I miss something?
quote:Originally posted by TraderTom: Did I miss something?
They missed estimate by a penny:
"4:53PM IXYS Corp misses by a penny, issues guidance (SYXI) 9.69 -0.06: Co reports Q3 EPS of $0.01, $0.01 worse than consensus of $0.02; revs were $50.7 mln, vs consensus of $50.0 mln. Co expects Q4 revs of "at least $46 mln", vs consensus of $51.5 mln."
Posts: 123 | From: Fremont, CA, USA | Registered: Oct 2003
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posted
Thanks for the clarification, Pizzaboy; other than the missed penny the numbers looked impressive to me (growth) - I'll watch it closely tomorrow.
Let me summarize why I put SYXI on the watchlist. It lost >20% in less than 2 weeks, and just hit the lower Bollinger band, the SMA50, the 50% Fib level of the last major move, and prior S/R. Chances are that these together will give it enough support to stop the freefall, and hopefully make it bounce. You can also see a series of higher lows over the past 3 days, which is generally bullish (learned this from FST ....).
As I said, I'll watch is closely tomorrow. My gut feeling is that the 9.2's in the extended hours trading was an overreaction, but we'll see.
posted
On SYXI....It's oversold and has higher lows, but I think I'd wait until short-term indicators start pointing up. Of course, that could be any day.
Posts: 217 | From: Texas | Registered: Jun 2003
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posted
CNET-LOOKING FOR ENTRY AROUND HIGH 8'S TO 9.25. PULLED BACK FROM A 11.00 HIGH ON GREAT EARNING REPORT. IMHO A 1.00+ PER SHARE ON A 10-15 DAY SWING.
posted
I like CNET - one support level is at 9.25 (62% Fib retracement of the most recent jump), and another is 8.9 = open gap on 1/30. It's too early to enter, though, IMHO.
[This message has been edited by TraderTom (edited February 05, 2004).]