posted
CBCL Breakout Holding/Bouncing Off Support We're in a steady breakout with the stock going to new levels as a result of its recent merger with HBLN. This pattern is holding steady and support has moved up to 006. The bullish triangle breakout pattern is in force, which is making steady higher highs and higher lows. According to this pattern, which has held and is holding firmly, this morning CBCL is poised to bounce off support.
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There's apparently some news in the works. According to what's being talked about from reliable sources a WiMax deal with a major carrier (rumored to be Sprint) is in the works.
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This thing was in SMMW land 2 years back. They did a 1:1000 r/s and after 2 years it finally bucked. And now the 200 MA has moved over the 50 day MA. Kind of risky, wouldn't you say?
-------------------- Paranoia, fear and greed is good.
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The difference is that CBCL has now merged with HBLN, which is a long standing, active company. The stock has been bouncing off the 10 MA and that's the most important indicator when watching the development of a breakout. If it closed under the 10 MA I'd be singing a different tune and have told everyone I posted to in the yahoo groups that I'd let them know when to get out (imo). The stock's held steady in quick pullbacks and the breakout pattern is continuing. It looks ready to start its next leg.
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LOL Mod's finally cut you guys down to one thread eh?
Watch this closely the next couple days. If it can maintain support over...say....0045 you have a very nice pennant in the making which should top out again around .007/.0075. Prior to the pennant you had a very sharp pps increase which, if it stays to pattern, should mean even further growth after the pennant is fully formed.
Not in again yet but if it continues to hold I will be soon.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues.
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posted August 03, 2006 11:38 -------------------------------------------------------------------------------- I'll take advantage in the low .004's, thanks for the headsup.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Had an offer in for .0041, and they didn't fill me the first time it traded there. I have since cancelled. This is going to be unpopular, but it is my dumbass opinion, that it goes lower yet.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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in at .0043.. expected it might get near .0040, but didn't wanna miss out just in case an early bump this way came..
it's recently been doing a 3 days down, then a day or two up, and today's it's third down day in a row, so if the semi-pattern keeps up, it should have a nice day tomorrow.
it's nice to see that it came off of the .0041 nicely though but i'll agree it wasn't the most profound micro-bounce, but nearly-10% ain't a bad couple-minute recovery..
-------------------- Hindsight is 20:1. It's like printing money.
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Great job, Edge. 0.0043 was the best one can get for this round. There was one fake trade at 0.0042, but it's only a small order used by the MMs as a signal. After a few days of consolidation at this level, the MMs will bring the pps to higer levels to unload their inventory.
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Well, will you look at that, .0037. Impressive price, but not quite there, might even break that .0035 support. Really searching for bottom here.
quote:Originally posted by will: Broke the .0041 support. Might see .0035 soon.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Yep, just had a kinda funny feeling that .006, wasn't bottom. Don't think I could resist a big fat .003 though. Next support .0035, after that .0028.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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