3SOF

Hey Calven, you did not state @ what price you picked up TMTA You have a target for it ??

Quote from: REALDEALS21 on April 06, 2006, 08:23:20 PM
Hey Calven, you did not state @ what price you picked up TMTA You have a target for it ??

2.45 target - averaged in from 1.9685

I like the recent action ! Hammer candle with confirmation today. Resistance near today's high - 2.05. Needs to break through that.

cal 

8:58AM Transmeta files 8-K disclosing new project agreements with Sony (TMTA) 2.02 : Co disclosed that on April 3 and April 6, 2006, Transmeta Corporation entered into a series of new project agreements for Transmeta to continue providing design and engineering services to Sony Computer Entertainment and Sony Corporation during the second year of the two-year design services agreement between Transmeta and the Sony Group first announced in March 2005. Transmeta's first set of project agreements with the Sony Group expired by their terms on March 31, 2006, corresponding to the Sony Group's fiscal year end. The new project agreements provide for Transmeta to perform a variety of design and engineering services for the Sony Group over project periods ranging from three months to one year, ending March 31, 2007. Under the new project agreements, Transmeta initially will provide the services of more than 100 engineers in the second quarter of 2006 to work on advanced projects for Sony Group. Transmeta and the Sony Group are currently discussing additional potential engineering projects for Transmeta to perform for the Sony Group under the design services agreement, but there can be no assurance that the parties will enter into any additional project agreements.


2.50 is likely in play short term! 

Just picked up more TMTA at 2.09 - strong support at 2.00-2.05 and those new partnerships should result in more upward movement. 

We'll see what shakes!
cal

Nice one Cal,

I bought the gap up on Friday, somewhat foolishly, but agree, that the news should result in a strong rebound from these levels.  The gap is filled, and I would like to see 2.02 hold as support.  Hopefully I'll be back in the green on this one soon!

Im down a little on this one also. I certainly expected TMTA to move higher when that SONY news was released. I cant complain too much though....the entire market has been getting slammed lately.

Anyways - here is the channel I see TMTA following. Should help you place your stops...One tick below 1.85 and Ill probably close this for a loss...I really think TMTA will rebound though. 

cal

Volume wasn't all that impressive yesterday, and it made the same correction that much of the market did  . I'm also expecting it to bounce today (picked up around 2.10 on Monday). GLTA!

I'm with you on that one Calven, but for me selling on a move below 1.85 would be a pretty big loss 

Still, the whole semi/tech sector got hit hard yesterday, with Ciena appearing to lead the charge lower.  Will have to see whether today's action will continue that bloodbath, or whether things will stabilise, and we'll see buyers coming in at these more attractive prices.

Well we had a nice positive day yesterday, confirming Tuesdays low of 1.93, and I think TMTA should be back to moving positively from here - just wanted to post this chart - if you look at the long term weekly chart, TMTA has made a nice inverse H&S formation, and I think it should continue this breakout pattern.

I think if we get back above 2.20, it should be pretty easy for TMTA to move through the soft area between there and 3.00 - there is some resistance around 2.45 also.

I think I'm willing to hang in on this one and see how it plays out.

I'm ready for this to start moving back up 

found this on yahoo:

the inverted H&S is looking very nice. Now sitting right at the neckline breakout point.

target price is the difference between the low at the head (0.60) and neckline (2.00), or (2.00-0.60 = 1.40), added to the neckline, i.e.:

target = 2.00 + 1.40 = $3.40

Current price is coincidentally the handle for a nice Aug-05 to late-March cup & handle pattern. I posted about this a week or so ago (as have others). With another week of handle formation at ~2.00 the pattern is now stronger. Odds for it to breakout to the upside and odds against it breaking down have increased.

These are two of the most powerful chart patterns going, and they coincide right now at this pps. Combine that with improving market awareness of the very stuff that TMTA is all about (leakage, performance/watt) and pending news (E3 road show w/ enhanced LR2, M$FT project, PS3/PSP, cell, royalties within ~6 months, potential new licensees, etc.) and this is looking more and more compelling IMO

I am still holding all of my shares - I still see this pick turning up soon...probably tomorrow. 

Some interesting trades in AH action (up) : http://quotes.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?mode=&page=afterhours&symbol=TMTA&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=tmta&FormType=&kind=&Leap=&mkttype=after&sel=afterhours&userinput=&x=0&y=0

This may be the partial reason for the move : IBM net climbs 22 pct on lower costs, chip sales

I see this position going to 3.00 -

Lets hope so Cal,

I'm still in from 2.21 - trust me to buy in at very near its high.  Yesterday's action was a bit more encouraging, and the support zone between 1.85 and 1.90 held up.  I would like to see it get over 2.06 today, which I see as near term resistance, and start recent highs again.  The 20ema seems to be providing support, as well as the trendline I have drawn in. 

Will hang in there as long as both of these hold, and resist my impatience, waiting for greener days

Today's action was very strong - now lets not go below 2.00....

Looks like TMTA wanted to tag the trendline - on the nail!
Now lets see if it can react well and push its way back over 2.14 - that seems to be the key imo