January 2010
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Month January 2010

Entries 3 Total

3PAR Inc (PAR) : Gap down on open. FY10 guidance lowered.

Jan 29, ’10 10:40 PM

Storage market continues to be a tough market.

On the Ichimoku chart, even before 3PAR announced its earnings, the counter has been going down since around Jan 6.

With its price below the kumo even before earnings, it is already entrenched heavily in the bear market. Coupled with a gap down opening, I believe 3PAR is heading towards a target price of $9.

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Sinovac Biotech Ltd (SVA) : Price cuts Tenkan sen -> Take profit

Jan 26, ’10 12:10 AM

Took profit on SVA; a bit later than I would have want it to be.

On the chart, the price has cut the Tenkan sen. In fact, the gap down couple of days back would be a good indicator to take profit.

Nonetheless, the trade is still good.

There will be times for a long entry for SVA again.

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3PAR Inc. (PAR) : Break Kumo Support. Bearish

Jan 22, ’10 11:18 PM

3PAR open with a price below the kumo. Support broke. Bearish

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