trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Wednesday, June 21, 2006

Magnecomp

One of the worse hit counters, on top of the 6 weeks sell of, it has issued a profit warning, slaming the stock down about 50%. looks like it has found the bottom and on a steady path up but i think it is unlikely that it will return to its previous glorly anytime soon. Near Term resistance, 80 cents.

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