SCKT

[setravis]

Socket Communications Inc.
The name has my interest,Let's see what's up.
Had a bullish engulfing candlestick pattern on 07 Sept.
Volume is going up, broke through the 50-day ma
Support @ $1.20...1.14...1.09
Resistance @ $1.27...1.30...1.39...1.45...1.54

Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer

Last Price Quote is:
7.14%above 13-day EMA
4.83%above 50-day EMA
RS Rating: 60  

[setravis]

Profile for: 


Socket Communications Inc.
37400 Central Court
Newark, CA 94560
Phone: 510-744-2700
Fax: 510-744-2727
Web Site: http://www.socketcom.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Networking & Communication Devices
Full Time Employees: 70


BUSINESS SUMMARY   
Socket Communications, Inc. (SCI) engages in the design, manufacture, and sale of data collection and connectivity products for mobile electronic devices. Its data collection products consist of bar code scanning products that plug into or connect wirelessly to handheld computers, tablet computers, notebook computers, and Smartphones and turn these devices into portable bar code scanners that can be used in retail and industrial workplaces. The company's connectivity products include devices that can be plugged into standard expansion slots in handheld computers, tablet computers, notebook computers, and Smartphones or connect to these devices over wireless and wired connections. Its products allow users to connect their devices to the Internet, private networks, or to communicate with other electronic devices. SCI also offers serial products that connect electronic devices, as well as embedded products and services that are designed to be installed inside third party mobile electronic devices. Its serial products add connection ports to a notebook, tablet, or handheld computer that allow users to connect these portable computers to standard peripherals or to other electronic devices with serial connections over cables or using the Bluetooth standard for short-range wireless connectivity. SCI's embedded products and services consist of Bluetooth modules, interface chips, and engineering design services to install these products. Its Bluetooth modules allow manufacturers of handheld computers and other devices to build wireless connection functions into their products using the Bluetooth standard for short-range wireless connectivity. Its interface chips allow manufacturers of wide area network cards and other devices to transfer information to and from handheld or notebook computers. The company offers its products and services in the Americas, Europe, the Middle East, Africa, and Asia Pacific. SCI was founded in 1992 and is headquartered in Newark, California.
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Headline News Link:

http://finance.yahoo.com/q/h?s=SCKT

[fous]

Nice pick setravis. I think this pick could turnout some good profits. I just checked it out briefly but i'll fill you in on what i came up with.


My take on SCKT:

First off, the company is growing, and thats always a good thing. Socket comm. has been sequencially growing since 2001 and just turned profitable in 04'.  Though the companies revenue is down 2% ending june 30th 05' compared to the same quarter of 04'. The company has been profitable in its 5 out of the last 6 quarters.   And with the company growing and increasing net income. Stock prices should rise to reflect the growth of the company. SCKT has a very small market cap of 38M and has plenty of room to grow.

Also i would recommend reading the latest news releases for SCKT for anyone interested in this stock. Too many of them for me to go into detail about but they're all good stuff. New partnerships, release of new tech,etc.....all things involving expansion of the company. expansion=growth=higher stock prices=me happy.


the technical picture of SCKT is looking good as well. A large descending trend line that has been verified countless times(in the semi-log scale) has just been retested on friday. We'll see if the bulls have the power to break it today! And remember? we love broken descending trendlines . A Close above this trendline on heavy volume and a decent price surge would be a very bullish signal.

Not ready to place an open position yet but maybe will soon. According to the history of the chart it's telling me that there is gonna be another pullback from the test of the line. We'll see what really happens today.

Here's a couple charts of my TA.

Best of luck,
-fousc

[fous]

SCKT closed above its Iron fisted decending trendline today. Though not by much, this may only be yet another test of the trend and a false breakout. If this stock closes above the trend line tommorrow which would mean a close above roughly $1.29, I'll pretty much just have to put in an order .

bEST OF LUCK EVERYONE!

-fousc

[setravis]

Outstanding charts you have posted.
Great work on your TA....keep up the nice work!
We need some volume to roll in..may be it will kick in tomorrow.

Applaud your work.......

[fous]

Thanks for the applauds travis i would applaud you if i knew how??

how do i do it?

-fousc

[setravis]

I think they have changed the rules,and do not allow anyone with
under 50  post to have the power to applaud and smite.
I think you have to be over the 50 mark....anyway when you are able to do so you
will see the applaud and smite buttons on the left side under the flag of the person's country.Did I make this so you could understand me...

[fous]

Yah thanks Setravis i thought i remembered applaud and smite on the side a while ago. Well looks like i need to get busy

-fousc

[fous]

Today SCKT had a great day. First off it broke out of its symetrical triangle wich is good news but technically only gives a target about $.30 higher at about $1.62. But second, that top line of the symetrical triangle formation is also the same line as the long term descending trendline. And we love broken trend lines, as long as price action is moving in the right direction. So i think we could see higher prices than $1.62 but could be a good exit point for anyone looking to play it technically safe and make a solid $.30/share profit. There was a lot of selling pressure due to the test of the trendline but the lower prices brought alot of interest back in to close above the descending trend. I filled a position today before the close at $1.30.

Best of luck,

-Fousc

CHARTS:

[stock-kitty]

Great analysis guys.  I took a position also at 1.28

During last weeks conference the CEO stated that they are on track for another profitable quarter.

Cheers

[poorman1]

I aggree also.  Looks like a great little growth company.  Opened a position @ $1.33.  This stock seams to be illiquid.  I don't expect any sudden movements in the stock, but I am willing to wait for things to develop.

Good call, I would applaud, but I'm a Newbie.

poorman1

[stock-kitty]

We had a good day yesterday and broke the 200 dma with some good volume.  Lets see if we can hold these gains and make an attempt to break resistance at $1.47. 

GLTA

[fous]

We had a good day yesterday and broke the 200 dma with some good volume. Lets see if we can hold these gains and make an attempt to break resistance at $1.47.

GLTA

Hey stock kitty, we did have a good day today regarding price action and above average volume. I was holding this stock a couple weeks ago on a break of the descending trend though sold it on the close below the descending trend. We are lackin volume, Price action has be falling and Volume has been high since early 04' and falling with the descending trend. I think an increase in volume will confirm a positive price reversal.

The spikes in volume continue to decrease, though the stock broke out of the descending trendline. It is in an a Semi log scale. Im not experienced enough to decipher the validity of semi -log vs linear scale, I've seen  successes  and failures in both scales. The descending trendline i drew is in semi-log scale. I think we need to see an increase in volume spikes to confirm a trend reversal.

[fous]

We had a good day yesterday and broke the 200 dma with some good volume. Lets see if we can hold these gains and make an attempt to break resistance at $1.47.

GLTA

Call me stupid, But what is a DMA?

ive heard of SMA, MA, and EMA but not DMA. What is it?

-fousc

[Melf Elf]

what is a DMA?

50 DMA is 50 Day Moving Average.  40 WMA is 40 Week Moving Average (which is roughly the same as a 200 DMA).