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Message: CGB

Re: CGB - Chrism

in response to by
posted on Mar 27, 2008 03:53PM

Thanks, always enjoy posting about a stock that as you say, will be a retirement-maker.

I think my TA needs a little work :( We had a MACD crossover on the bearish side yesterday and today's close (at 0.84) is a sideways move and we've moved outside of our growth channel which started February 13th. We would need a close of 0.90 tomorrow to bring us back into the groove.

On the bright side, this could simply be a market adjustment with a retest of 0.80 before going back up. Our last bearish MACD crossover lasted 14 days with a 0.10 loss.

This is definately a take over company and I'm playing it as a Long Term investment.

GTLA!

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