OCBC just had a bearish cross today.
Confirmation with Tenkan sen – Kijun sen crossing each other.
The Chikou Span has also start to cut the price line on the way down.
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3PAR (PAR) : Hirings….
Jan 20, ’10 1:06 AM
Interesting find I have today.
I did a search on Twitter for 3PAR and noticed among the results a number of hiring for 3PAR.
Among the job titles includes:
- Senior Account Executive
- Sales Operations Manager
- Inside Sales Representative
- Senior Planning Manager and more….(including engineering jobs)
What does this suggest?
3PAR is expanding (unless there is an untold exodus..which I doubt so). My gut feel is it is expanding to have more coverage of the market (and to improve its product further).
Generally, company size of 3PAR enjoys a culture where lots of people envy. Room for growth, in a growing market, game changing technology…. in other words, the chance of expansion is higher than replacement of talents.
At the same time, I am not sure what is the impact on operation costs.
Let’s keep this in view.
3PAR Inc. (PAR) : Rebound off kumo support with Bullish Engulment
Jan 20, ’10 12:11 AM
3PAR bounces off the kumo support and previous day candle is showing a bullish engulment; a sign that the bulls will not let it goes down further.
Based on this, couple of things could happen (speculation):
1. Sales is going to meet expectations.
2. More development coming up. (Unlikely to be acquisition)
Edit (Update):
Looking at the Ichimoku chart again, I maintain the view that there is a need to keep a close watch on the Support levels.
The kumo support remains thin, though the leading kumo has developed a fair bit and is showing uptrend movement.
Protect the downside, and ride the upside 
