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Thursday, March 15, 2007 

Gateway could be acquired ??

Chart courtesy of stockcharts

Yes, according to some analysts Gateway is a likely candidate for a possible strategic buyout from a top PC vendor in Asia. On Wednesday, reports surfaced that Taiwanese computer manufacturer Acer could make a major acquisition in the PC area within the next two years, possibly in the U.S. See the full article at Forbes. I have reported here many times that Gateway have had a strange movements when goes up, always followed by volume, so it's time to think again in this probability.Looking at the chart all indicators point into the same direction UP. Stock it's ready to break this wedge to the upside , I think it's only a question of days. It's my opinion !!!

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a great evening !!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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