Posted by 7 March 2005

Chart Request: Armor Holdings (AH) and Cogent (COGT)

Here are a couple of charts that were requested by Ryan. COGT has broken down since the last time I posted about it. (The joy of earnings reports!) It looks ready for another leg down.

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Comments

  1. Posted by ryan on March 7, 2005 at 11:19 pm

    hey mike,
    the analysis is great. AH always puzzled me because the fundamentals look quite good, and my theory is that the big mid-Februrary drop was due to some heavy selling by institutional holders. I see where you’re going, but I think that it’ll be a good medium term hold–almost everything about the company itself looks good.
    COGT is a different beast. I bought it when it was relatively high in Mid Februrary as well and thought, from a look at the chart and other factors, that it was going to go up further. Then after the earnings announcement, it dropped about 15%, and has hovered around that level since then. i can’t for the life of me figure out why, though.

    interesting blog, great analysis. I recommend your site to all my friends here who are also in columbia; as students of the market, sites like yours are hard to come by!

  2. Posted by Ertai on March 8, 2005 at 6:26 am

    Regarding your Watchlist.

    Since your looking for a long in Nvidia, have you checked ATI Tech. chart? (ATYT – NASDAQ)

    Its looks better for longs in the short term while Nvidia is still maybe a little overbought.

    Great blog you’ve got here!