XSNX updates - Speculative Play

Thu, 6 Apr 2006 10:36:33

Hi Marcus,

I think the performance of the stock over the past 2hrs today speaks for itself. Hopefully, the stock price sustains its rally today. Looking at the bigger picture, it's support level is around $1.55/$1.60, which it hit yesterday and bounce a little. Today, it gave a convincing rally (so far). Frankly, I would be concerned if the stock goes belowand stays below $1.55. It does not have stock options for us to play repair strategy. We only have a plain Stop Loss.

--- mhoeller wrote:
Appreciate your sharing. What's your take on XSNX now, its selling off with volume. Just a correction? Best regards, Marcus Hoeller


Thu, 23 Mar 2006 09:29:18

Hi All!

The stock XSNX hit new high at $2.91 last Thursday. Since then, it experienced a brief pull back forming a doji candle on Tuesday. Yesterday, it gave a good white candle - setting the stage for another attempt to break new high (perhaps by Fri, tomm). Whether it happens or not, remains to be seen. But it is interesting to see that the stock started to behave in a particular pattern.

So far the pattern is: Each time it significantly breaks a new high, it briefly pulls back and then continue with its uptrend. I would consider this play as speculative and as such only a small $$$ of my portfolio should be used. The stock do hold promise but it needed sales (which we would know perhaps after its marketing campaign started). I would think this stock would continue its uptrend unless there are some bad news. (see ESLR or TASR in its first exponential growth year for similar story lines - show promise but the stock is still not profitable). If you play, make sure you have your stops. Have a profitable trade everyday.


Fri, 17 Mar 2006 04:41:38

At the moment, it is speculative until there are more promising info after their marketing starts.

------Kim wrote:
Hie all,
XSNX hit 2.78 yesterday. both vol and price are up. Hope some of you have bought into Rafee's comments. There is interest in this stock. Question is what strategy sh one adopt. Speculative or possible growth stock?? Any thoughts?? Kim


Tue, 14 Mar 2006 07:37:01

Hi All, The stock XSNX broke a new high yesterday. It seems that the stock is pretty bullish. Each time there is a pullback, it provide a good opportunity to long. I'm now in position again.

Thu, 9 Mar 2006 04:33:53

Hi Kim,
This stock is actually a speculative play with a seemingly strong fundamentals. As in all speculative play, we should play small only. But the returns could be very high. I use the charts to determine my entry and exit. I am now waiting forthe right signals to enter again. For the last few days, the stock behaved as expected. I think there are some institutional play oredi. Thx.

--- Kim wrote:
Thks, This stock is really volatile. I hope it has some strong fundamentals. Continue to share with us. Thks Kim.


Wed, 8 Mar 2006 10:18:52

Hi all!
The stock XSNX peaked at $2.115 on Monday. Yesterday, the price ended below Monday's low confirming a reversal (based on candlestick analysis). The stochastics (8,3,3) and RSI (4) also pointed to a reversal. If the stock drops below yesterday's low, coupled with today's bearish sentiment for the general market (and the energy market), tendency is that the stock would continue to drop. It's next support are $1.62, $1.40 and $1.06. Strong support at $0.87. I already taken my profit and waiting for the next reversal to long again.