3SOF

The top of the Bearish Rising Wedge came in yesterday came in at 2.337.  The high was 2.33.   It comes in today at 2.342.

Good luck everybody with whatever you decide ahead of earnings.  

EDIT: Good luck, B.!  You posted while I was typing. 

Quote from: Melf Elf on May 09, 2006, 08:42:10 AM
The top of the Bearish Rising Wedge came in yesterday came in at 2.337.  The high was 2.33.   It comes in today at 2.342.

The high of the day so far is 2.34, printed right at 9:30AM after the open.

wow... this is crazy... good call... hum what to do.. what to do... I think i might just hold thru the cc... try my luck...

Quote from: beroznikmal on May 09, 2006, 01:22:17 PM
wow... this is crazy... good call... hum what to do.. what to do... I think i might just hold thru the cc... try my luck...

B,

Traders have responded twice in the past two days to the top of the Bearish Rising Wedge, so that's another piece of evidence that the trendline is important. 

Again, that doesn't mean that it can't get taken out to the upside on earnings, but personally, I'd get out of there if the bottom rail of the pattern gets taken out tomorrow.

Depending on whether you use the low of April 17 or April 27 to draw the trendline, the bottom of the Bearish Rising Wedge comes in tomorrow between 2.12 and 2.145.

Good luck!  I hope that it goes higher on earnings.

I concur... $2.12 would be my exit point... I would break even..... I'll place a stop ( although I hate placing stops) at $2.12.....
Muahhahah.. this should be interesting and more importantly educational for me.....

I appreciate the heads up.Thanks Melf....

B

Out TMTA @ 2.30

Good luck with the CC all - 50/50 for positive news. Not willling to flip a coin...ill probably miss out - oh well 

cal

Link to CC - http://biz.yahoo.com/cc/6/68966.html

1.98 AH 40 minutes ahead of earnings what is going on???

Glad I got out though...

Transmeta Corporation Announces CFO Transition Plan
Business Wire - May 09, 2006 16:06

SANTA CLARA, Calif., May 09, 2006 (BUSINESS WIRE) -- Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced that Mark R. Kent, the Company's chief financial officer, plans to resign following the filing of the Company's Form 10-Q for the first quarter ended March 31, 2006. Transmeta has initiated a search for a new CFO and is defining its transition plan. Kent will be available to the Company on a consulting basis for a three month interim period while a CFO search is conducted.

"Mark has made significant contributions to our corporate transformation, including helping us to refine our strategy, enhance our liquidity position, build the finance team and infrastructure, and drive our efforts to become fully compliant with the requirements of the Sarbanes-Oxley Act," commented Arthur L. Swift, president and CEO. "I want to thank Mark, and I wish him success in his future endeavors."

"I have enjoyed working with Art, the Board and my colleagues at Transmeta," commented Mark R. Kent, chief financial officer. "When I came to Transmeta over a year and half ago, my goal was to help the executive team and the Board to get the Company onto a more sustainable strategic path, and I now feel that we have accomplished this goal."

Calven, I'm glad you didn't gamble on TMTA, I made some money last week. 

Quote from: calven on May 09, 2006, 04:10:16 PM
1.98 AH 40 minutes ahead of earnings what is going on???

Glad I got out though...

Calven,

A well-timed exit.  Applause.

Earnings out at 4:05PM  Q1 is a loss of a penny.  It's indicated well below the Bearish Rising Wedge.  I was afraid of that, given the bearish evidence in the chart.  

It doesn't look good for tomorrow's open.  

Current quote is BID 1.67...ASK 1.70.

I'm not IN to this stock... I only gave my opinion about it ...Melf Elf analysis is correct (applaud)

BID 1.67 ASK 168

From what I read they actuall beat by a penny? CEO resigning is what is sending it down - correct?

I am also glad I sold.... whew

Oh shit, I'm still in it:D
Lesson well learned... let see how bad ill do...  
Cheers
B

Quote from: calven on May 09, 2006, 04:22:23 PM
From what I read they actuall beat by a penny? CEO resigning is what is sending it down - correct?

I am also glad I sold.... whew

CEO resigning? that's BAD.
After Hours (RT-ECN): 1.70  0.60 (26.09%)