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Author Topic: CNXT
pennykid
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Volume is way up

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.


Posts: 58 | From: gloucester,mass,u.s. | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Garfield1981
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I bought it at 2.30 yesterday. It is still going down. How long should I hold on to this?


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Garfield1981
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It bounces back today.
Let's see can it make over $2.50 by the end of today.



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pennykid
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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


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Garfield1981
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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


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Peaser
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 -

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Buy Low. Sell High.

Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
elfstroman
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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?
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ladybird
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You in on CNXT, Peaser? I am.
Posts: 120 | From: New York | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
Peaser
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Sure am ladybird. Been watching this one since last year.

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Buy Low. Sell High.

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ladybird
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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.

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Peaser
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http://stockcharts.com/education/IndicatorAnalysis/indic_Bbands.html

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.

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Buy Low. Sell High.

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ladybird
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Thanks a lot for the link!
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Peaser
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You're welcome!

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Buy Low. Sell High.

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Peaser
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Earnings due out today.

Wall Street has the estimated earnings at .02, we'll see what happens.

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Buy Low. Sell High.

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Peaser
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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

Phone # : 800-642-1687
Intl # : 706-645-9291
Passcode : 7771435
Source: Company Press Release

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Buy Low. Sell High.

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