Talk American Holdings (TALK) principal activity is to provide local and long distance phone services to residential and small business customers in the United States.
The long term chart looks like this:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=4;image)
This is a chart with all the stock market history from TALK. We can see the all time high was $90 in February 1998. Since then the stock went down to a low of $0.9 in 2001 and is now starting to claw back up.
On the medium term, we have this:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=5;image)
TALK is on an uptrend now, making higher highs and higher lows. We expect this behavior to continue, so the stock will eventually make an high above $16. That limit up trendline is our primary target for the expected rise. That line today stands at $20.5.
For the short term, yesterday the stock had a white marubozu with volume above average, breaking trough a resistance level at $7.69:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=6;image)
Trading Plan:
1) Buy the stock at open
2) Sell with profit at the upper channel trendline
3) Admit a mistake and sell with a loss if the stock closes two days in a row below $6.91
David Rudolph
www.3stocksonfire.org (http://www.3stocksonfire.org)
The wheels may be turning, ::)
back above the 50/200-day MA
Pretty nice post by this newbie, I think I will give an applaud. ;) :D
uc.
Quote from: usedcasting on September 25, 2006, 09:02:04 AM
Pretty nice post by this newbie, I think I will give an applaud. ;) :D
uc.
I will go along with that, He is pretty slick ! :D :D :D :D ;)
Way to go Newbie....Applaud ;D
Quote from: setravis on September 25, 2006, 08:25:48 PM
Quote from: usedcasting on September 25, 2006, 09:02:04 AM
Pretty nice post by this newbie, I think I will give an applaud. ;) :D
uc.
I will go along with that, He is pretty slick ! :D :D :D :D ;)
Way to go Newbie....Applaud ;D
I threw in another applaud, and would be happy to applaud every day if this Newbie would come back... David we miss ya big guy! Our portfolios miss you too ;)
I can see here that not anyone paid any attention..... ???
Reports: Talk America attracts higher buyout offer............
52wk Range: 5.47 - 10.20
Volume: 2,767,217
Avg Vol (3m): 421,600
Technicals
Last Price Quote is:
31.29%above 13-day EMA
45.20%above 50-day EMA
RS Rating: 94
Fundamentals
Key Data:
Market Cap (M): $249.91
P/E Ratio: 29.70
PEG Ratio: N/A
Next Earnings: 11/07/2006
Last Analyst Rating: Hold
8)
Headlines for TALK :
Link..... http://finance.yahoo.com/q/h?s=TALK
Today, Thu, Sep 28, 2006
• Reports: Talk America attracts higher buyout offer
bizjournals.com (Thu 1:09pm)
• Talk America Gets Higher Buyout Offer
AP (Thu 12:24pm)
• TALK AMERICA HOLDINGS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Ex
EDGAR Online (Tue, Sep 26)
• Talk the Dog
at Motley Fool (Mon, Sep 25)
• Talk America to be sold for $251M
bizjournals.com (Fri, Sep 22)
• Talk America Buyout
at TheStreet.com (Fri, Sep 22)
• Talk America Agrees to $251M Buyout
AP (Fri, Sep 22)
• UPDATE - Talk America to be acquired by privately-held Cavalier
at Reuters (Fri, Sep 22)
• Talk America to be acquired for $8.10 a share in $251M deal
at MarketWatch (Fri, Sep 22)
• Talk America to Be Acquired by Cavalier Telephone & TV
Business Wire (Fri, Sep 22)
Quote from: setravis on September 28, 2006, 04:34:48 PM
I can see here that not anyone paid any attention..... ???
Reports: Talk America attracts higher buyout offer............
Good pick, appplause ;) sorry to give you that 666 number :(
Better get him off the sign if the devil.... don't want you jinxed!!!
Plus Setravis always deserves another applaud - easily one of 3sofs greatest stock pickers ;)
Volume this month looks very good.
Applaude you Setravis.
Thanks everyone...... Terliso...ScottishTrader...njshiva !
That 666 had me worried, thanks for getting me away from that number.
Return Applaud to you all ! You all do outstanding work here @ 3SOF ;)
I think we are missing the Greatest Stock Picker here @ 3SOF......"EliteG" !!!
By far the man here,I wish the Wizard would make his return...... :( :'(
UPDATE 1-Talk America gets competing bid from Sun Capital
NEW YORK, Sept 29 (Reuters) - Talk America Holdings Inc. (TALK.O: Quote, Profile, Research) on Friday said it received an unsolicited bid from Sun Capital Securities Group to buy the company for about $275 million, the second bid for the company this month.
Sun Capital's $9 per share cash offer represents an 11 percent premium over a competing bid privately held Cavalier Telephone & TV. That proposal called for Talk America, a telecommunications provider. to be purchased for $8.10 per share.
Talk America's deal with Cavalier Telephone & TV was expected to close in December.
With the new bid, Talk America said in a filing with securities regulators that its board would supply information to Sun Capital and participate in discussions. but it also said its board has made no determination about the bid.
Shares of Talk America rose 5 cents to $9.40 in early trade on the Nasdaq. The company's shares were trading at $6.57 prior to Cavalier's bid on September 22.