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Month September 2010

Entries 3 Total

Tibco Software (TIBX) : Breakout of long term base

Sep 25, ’10 1:58 AM

TIBX has officially breakout of its long term base with very good quarterly results. (since last highlight of its long term base)

Highlights for Q3 include total revenue grew by 23% over the third quarter of 2009 to $184.5 million, which represents the fourth quarter in a row of accelerating growth. License revenue grew by a healthy 23% to $70.6 million. Non-GAAP operating margins came in at 24.4% for an expansion of 280 basis points over last year, and non-GAAP EPS of $0.17, grew by $0.04 over the third quarter of last year. — Source TheStreet


Consolidation within the industry is good for leaders like TIBCO (TIBX).

With fewer competitors, I expect profit margins to be maintain and at the same time more growth in the verticals.

Nonetheless, the chart is showing a very strong accelerated move on TIBX. Expect it to go beyond $20 by next quarter.

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Research In Motion (RIMM) : Intraday Trade

Sep 23, ’10 12:08 AM

Here’s my intraday trade for RIMM based on the 5minute chart.

To recap :

- RIMM is still below the kumo; trend bearish

- It has rallied off the low and with rumours of a new device and possible resolution of issues with India, it is pushing higher.

- Resistance is expected at the gap from the Daily Chart at around 49.50


With the above in mind, I was looking for a pullback trade on the Intraday and this is done with the 5 minute chart

From the chart above, we can see the following :

1. Support level defined at Pt 1 is break with RIMM pulling back from the day’s high of around $49+ (good entry with stop-loss)

2. As it retraces, we can see Pt 2, Chikou Span is cutting through the price level (or price candle)

3. This is supplemented with the fact that at Pt 3, the price is breaking down from the thin kumo support. If it breaks, there is no need to take profit and I will let it ride a bit further.

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Research In Motion (RIMM) : Rumours and resistance

Sep 22, ’10 10:50 PM

RIMM is rumoured to reveal its tablet device next week.

The first sign of a ‘short term bullish’ trend came when it starts moving up even though issues with India are not fully resolved.

RIMM looks set to break the resistance from its gap down in August (at around 49.50). After which, resistance is expected at 50.50 from the fairly thick kumo.

I believed RIMM will break 49.50 however, it will be stop out at the kumo resistance and will retrace towards a trading range of between $45 and $50.

For RIMM to move up much higher, it has to show that its investment in the new products will gather lots of sales or enter markets that have not been captured by competitors from AAPL, GOOG and HPQ.

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