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Switched PBB to Cellnet CLT....Why

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seaurchin

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After buying PBB ..and read possible difficult year ahead and may be more downgragde to come?? I change to totally different business trending up ...I think maybe a chartist could confirm or explain to me what is ahead?? Much appreciated..
I know CLT (Cellnet) just had good earnings all divisions.

5.4 Mill 1st half... CEO thinks second half will be better..No liability :eek:
 
CELLNet?could ''tech/a or Rich kid give opinion pls

Tech/a or Rich kid I would appreciate your time if possible could you give opinion for CELLNET ..as i've already bought @ 160.
thanks for your time...cheers :confused:
 
Re: CELLNet?could ''tech/a or Rich kid give opinion pls

Firstly, I don't have a licence so I can't give financial advice. Secondly although I'm flatterred by you asking me for my opinion I'm only a novice so I'm likely to be completely wrong.

For what it's worth here's a weekly chart. Appears it's struggling to stay above the recent trend support line. Falling back after hitting resistance at 1.80. Some volatility as holders panic and sell away, only for it to recover again. Might be a double top or complex head and shoulders (less likely). Next price level of note appears to be 1.50. I'd be watching volume for trend confirmation.

Fundamentally they are having trouble keeping contracts as the industry is still changing and some big names change distributors. CLT have been trying to find stable sources of revenue instead of relying on one or two big contracts. The industry certainly seems one of the bigger growth areas.

Please don't take my observations above as a recommendation, they are cursory and may be off the mark. I thought of trading CLT but stayed away. Hopefully TechA can provide better comments than mine, you can private msg him if you want to draw attention to this thread rather than starting a new thread.

PS.Please try to have only one thread per stock.
 

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Re: SWITCHED pbb TO ''cellnet" CLT....WHY

:2twocents

Not something I would go for because the short term chart shows its trending down and that its not a retracement or pullback. I can't see anything in the near term that would say it's going to go back up.

Just my opinion. :goodnight
 
Re: SWITCHED pbb TO ''cellnet" CLT....WHY

THANKS SO MUCH FOR RESPONDING AS FAST AS YOU DID ..AND I WILL VIEW BOTH RICH KID AND dtm ANALYSIS WITH UTMOST IMPORTANCE ..THANKS AGAIN ...FOR YOUR TIME. :)
 
Re: SWITCHED pbb TO ''cellnet" CLT....WHY

Seeing you asked here is my veiw.
 

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Tech/A.....thanks again for a well informed view ...I will assess my parcel size near possible 170 plus...if it goes there..cheers thanks gain . :)
 
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