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
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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Posts: 116 | From: SLC | Registered: Apr 2006
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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.
Posts: 120 | From: New York | Registered: Feb 2005
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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.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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