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Tuesday, August 28, 2007 

GTW takeover , Trade Ideas - CROX, and NOK

Chart courtesy of stockcharts

Crocs stock has broken out to all time highs during today session at $61.99, after news that company introduced a clothing line at a trade show in Las Vegas. However in the final hour stock retracted closing below $60. All inidicators are still in Bullishs areas. Let's see if tomorrow stock will confirm intraday breakout, also today sentiment of the market doesn't help stock. Support at : $55.40 and Resistance at :$62

Chart courtesy of stockcharts

Nokia may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $31.

Chart courtesy of stockcharts

GTW -Stock jumped 50% to $1.82. Acer will buy Gateway for $710 million, representing $1.90 per share a 57% premium over Gateway's last closing price. The rumours are now out.

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 nice 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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