Think Research Corporation V.THNK

For the Technical Charting Folks

[dt_core]

I've stated many times that I'm not a fan of technical analysis, however I'm aware that enough people follow and act on it that stocks can move en masse at critical points. So with that in mind, my technician contact (is that what they're called?) said the chart pattern for THNK has broken out of its long downtrend since IPO and is now pointing to a major break out to the upside with a resistence level at 1.20 and the next at 1.55. The 50 day is trending upwards during a time the rest of the market has seen pullbacks + the stock has already retested its support levels around 46 cents and passed. 

I can see how that upside scenario is possible given management has guided to a strong quarter which will be reported on sometime over the next few months. I'm also expecting more business wins to be announced and one in particular could be quite sizeable. Like I've said earlier I'm expecting around a $2.00 share price by end of year based on fundamentals alone and factoring in full dillution of shares (e.g. all convertible debt converts + new stock issued for management).

[zinger99]

Only 12,000 shares on the offer board up to 65 cents. My guess is that we continue to drift slowly upwards as we await the next quarterly numbers. I like this trend. 

[dt_core]

The Asks have really dried up now that the large institutional seller is done. Only 52,500 shares on offer all the way up to 99 cents.

[zinger99]

Now only 44,500 shares left on ask up to 99 cents!!