SEN - Senetas Corporation
- Thread starter Lachlan6
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SEN has been very quiet in last couple of weeks.. going down slowly.. but 2.5 mil orders backing up at 38.5...- Joined
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35 cents 35 cents 35 cents 35 cents and looking worse.....
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What a wild ride to just below 35 cents...........
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Actually does any one see the resemlence of the sen chart and this etw chart etc the nice downward slide and just as it looks like it has ended it slides again.
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well....finally the most positive chart signals for sen have finally arrived as of yesterday:
>firstly it hit 35 cents and just below and where it hit and bounced was the first positive this year as it hit the fibonacci spiral right on target after it did not it did not consolidate at the one before roughly between 45 and 49 cents.
>The next positive was one of the very highly statistical singe bar patterns as you can see on the chart a very long tail and above average stopping volume and a very narrow open and close daily trading range.
>The next fundamental positive has finally arrived as well and the brokers who have been appointed to handle and manage the sen share buyback have came in and started buying at the same place..what a lovely coincidence hey??
>The final one at this stage is the per ratio..it is now at its lowest and there is the highly likely scenario of a massive increase in sales revenue forecast over the next couple of years..the only thing to beware of here is it most likely will have a per that matches the risk of a gradual decline in product sales revenue.
Conclusion
Sen will most likely reach new highs but come down as well and probally the best thing to do is take profits at certian periods and then get out of the stock before it blows you up again.
If it does not hold at the 35 cents support then i am sorry but the stock is in great trouble and there are things going on that are not really being made available at this stage.
>firstly it hit 35 cents and just below and where it hit and bounced was the first positive this year as it hit the fibonacci spiral right on target after it did not it did not consolidate at the one before roughly between 45 and 49 cents.
>The next positive was one of the very highly statistical singe bar patterns as you can see on the chart a very long tail and above average stopping volume and a very narrow open and close daily trading range.
>The next fundamental positive has finally arrived as well and the brokers who have been appointed to handle and manage the sen share buyback have came in and started buying at the same place..what a lovely coincidence hey??
>The final one at this stage is the per ratio..it is now at its lowest and there is the highly likely scenario of a massive increase in sales revenue forecast over the next couple of years..the only thing to beware of here is it most likely will have a per that matches the risk of a gradual decline in product sales revenue.
Conclusion
Sen will most likely reach new highs but come down as well and probally the best thing to do is take profits at certian periods and then get out of the stock before it blows you up again.
If it does not hold at the 35 cents support then i am sorry but the stock is in great trouble and there are things going on that are not really being made available at this stage.
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sangshim said:Does anyone make an investment based on the chart? How useful are they?
Not on a chart alone
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Analyst,
What are you saying is the next fundamental positive that has arrived?
Cheers
What are you saying is the next fundamental positive that has arrived?
Cheers
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Yes....at the moment this is the best time to buy that has presented itself....but if it drops lower then it is more than likely other problems abound that the market is not fully aware of yet.
45 to 49 cents was the prior place to buy if it held and showed support but it did not and began to show more weakness and the next spot was 35 cents give or take 10% tolerance to 35 cents....it also happens that the fundamentals look nicer at that price as well as the buy back being more aggressive especially with the brokers paid to manage it......notice that they too waited to this level before buying accumulation began.
It will be good to get another long tail candle with a small range in the open and close price range as well...which of course will help with another strong indication.
Its not the charts but the chart patterns actually say what is psychologically going on with those who make proffessional decisions on the stock.
45 to 49 cents was the prior place to buy if it held and showed support but it did not and began to show more weakness and the next spot was 35 cents give or take 10% tolerance to 35 cents....it also happens that the fundamentals look nicer at that price as well as the buy back being more aggressive especially with the brokers paid to manage it......notice that they too waited to this level before buying accumulation began.
It will be good to get another long tail candle with a small range in the open and close price range as well...which of course will help with another strong indication.
Its not the charts but the chart patterns actually say what is psychologically going on with those who make proffessional decisions on the stock.
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Thanks.
It will be interesting to see then how tomorrow and the next few days play out. I beleive that the directors are back on the 24th 25th from o/s. I am expecting some news soon after that. Interesting time ahead. Pitty we have to wait till August to get full results. I am also waiting with baited breath what the new CEO's guidance is for 2007 moving forward. I am also hoping to see news on this 2nd major govt. tender. Sensitivity in this area may be holding back an update. I have been trying to research if this tender has even been awarded yet but I'm having no luck.
Here's hoping then for another long tail candle with a short range open and close price.
Till Monday then.
It will be interesting to see then how tomorrow and the next few days play out. I beleive that the directors are back on the 24th 25th from o/s. I am expecting some news soon after that. Interesting time ahead. Pitty we have to wait till August to get full results. I am also waiting with baited breath what the new CEO's guidance is for 2007 moving forward. I am also hoping to see news on this 2nd major govt. tender. Sensitivity in this area may be holding back an update. I have been trying to research if this tender has even been awarded yet but I'm having no luck.
Here's hoping then for another long tail candle with a short range open and close price.
Till Monday then.
TheAnalyst said:
A very positive chart pattern but how much of it's success was due to the buy back. This pattern was not created by a fair and open market, some of it's success is due to the buy back.
I agree anyway that this is the correct price for someone to enter into SEN.
Do not expect a solid increase until GOOD announcements are made.
SEN are typically bad at making good announcements -even when the content is good.
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Yer...i think it is roughly the right price and i just think it will gradually swing up from here but i expect it to get really slammed some where before end of 2008.....as it will lose its growth stock status and it will be expected to have future earnings declines......as for H/C it just aint me but a group of us from uni who use the name and we take it in turns responding.....although it is a bit of fun.
Would not there do it on this forum as this is a very clean cut place to post as others on the sen thread on h/c would get banned within minutes of entering ASF.
Would not there do it on this forum as this is a very clean cut place to post as others on the sen thread on h/c would get banned within minutes of entering ASF.
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123enen said:
Exactly.....and how do the BOD find another product such as ecrypt again....with the huge spin off that it gave sen.....probabilities are against them.......time is not on their side in this department...love to see a statement from the BOD on this very close future situation and what strategy they are goiing to take to stop it or will they be selling up say to microsoft or another big IT company that will eventually just incude ecrypt/cyberblade as part of a hardware and software bundle at first point of sale.
When is BBB coming on with her specialty being the latest announcement date??
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123enen
I have missed what is going on with safenet overseas the last few days could you please give a bit of a run down
I have missed what is going on with safenet overseas the last few days could you please give a bit of a run down
