As mentioned on Thursday, TMTA had already gained 13% from the current speculation on tomorrow's conference call. The current speculation is on the non-binding letter of intent for a new non-power management IP that was mentioned in the 3rd quarter conference call. According to Aurthr Swift, the previous CEO, there was considerable interest by "leaders in the computing and processor fields" in this new IP that "could generate substantial revenues in 2007 and beyond". The mystery will be answered tomorrow morning.
AIRT will report its earning on Thursday, Feb 8. The chart on AIRT is currently neutral to slightly positive. The earning should help to move AIRT once again. There were a few insiders purchase in the $8s range from Aug to November 2006.
RFIL
's sell target in the 9s range had been reached last Monday as earning was reported. However, it's disappointing for it not to hold the gain. The next support for RFIL is at $7.50 area.
Feb 1, 2007
ERS
had a breakout session today with good volume. $13 is again the next sell target.
The price on crude oil had recovered nicely in the last 2 weeks from 50 to 58 now. As I mentioned on Jan 15, ALJ, BTJ and DK were attractive. BTJ is already up 25% after record earning. SOIGF is the oil sand stock that should be kept watching as chart is in consolidation pattern.
FPP
just broke out from its 50 MA. The time for FPP should be very close for a 20% gain.
TMTA
was one of iTradestation's favorite trading vehicle and today announced that Les Crudele, president and CEO, will host a conference call to provide a business update on Monday, February 5, 2007 at 8:00 a.m. Eastern time (ET). The stock had been oversold and the business update can trigger a 10-15% gain.