GREY:CKNBF - Post by User
Comment by
garpikeon Feb 01, 2004 10:08am
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Post# 6985468
RE: Take the CERTICOM TA CHALLENGE
RE: Take the CERTICOM TA CHALLENGEThe following is purely a guess; I am no expert, but expect history to repeat itself.
The pattern of the October spike appears to have much in common with the January spike. Compare the rise from 2.75 to 4.00 with the rise from 3.75 to 5.00 and the first stages of the declines. I now assume that the pattern following the January spike will be similar to the pattern following the October spike. The amplitude of the swings may not be the same, but the pattern may be similar. Given recent history and circumstances, I expect significant future increases to come as spikes.
My guess is that the stock will now consolidate above but perhaps approaching the 3.80 level.This will be followed by a a minor spike (4.30 .. 4.50 ???) anytime in the next two weeks. My final guess is that a one or two-day spike taking us above 5.00 will follow before the Ides of March (14/15).
If the general market cracks, all bets are off.
CIC has a good product and I am optimistic. I bot at 2.17 on the way down and hibernated through the lows.