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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.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Fundamentally, this one makes sense. LEDs are going to be everywhere in the future. Corny as that sounds
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.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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CLRK having a nice little run today. Can't find any news to attribute it to.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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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.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Could be Glass. If a slow leak is causing this reaction, then I want to see the spigot turned wide open!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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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.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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