AVNX

[ScottishTrader]

AVNX continues to look good.  Am still holding and waiting for it to push through 2.12.  Thought it might today, but not yet....  There is a little channel going on, so it could pull back, but volume is up and I think it wants to go this time.  Any day now.  CNXT also looking quite nice too...

[Draak]

I like CNXT, I have a holding there. Both looking nice.

[Draak]

One day soon we will have that 80 90 million volume and we break $4's $5's.

[fataunt]

are you sure?$4..$5,   then I will be rich...lol
long today at 2.20.....good luck!

[Draak]

If on good news it can run from $0.64 to $3.50. It can sure run on good fundamentals from $2.20 to $5.

This years move is different from the last. Revenues have almost dubbled in 3 years. The chart is a nice steady climb.

And Sony, HP, Microsoft, Apple are all releasing products that will acquire more traffic to come into the household.

As Bill Gates said on Monday this is the decade for product and home entertainment, the only problem is we don't have the connections.

Fibre is at the beginning of the big roll out.

[Keichi]

updated chart.
nice move!!! let's see now if it stalls @ the top of the wedge or
breaks out to 2.73

[Draak]

JDSU split. FNSR is in trouble. BKHM is doomed. And all this coming into a fibre run.

AVNX is the one#

[Draak]

4 weeks to the best revenue CC in AVNX history. Do your DD.

[ScottishTrader]

Nice analysis Keichi.  I'm also curious to see whether AVNX can truly break out of this rising wedge pattern, which it tagged again last week.  The recent break out of 2.12 resistance looks to be significant.  I would like to see AVNX hold above this level in any consoildation.  2.20 may break, as it did on Friday intraday, but we have had 3 closes above this level, which also bodes well.  AVNX could see some more consolidation, but what I don't want to see is another pullback to the base of the wedge (and the resulting slide in my profits!).  I'm gonna keep an eye on the CCI and lookout for a move back below the 100 line to signal a potential retrace.  For now, 2.09 seem a reasonable stop.

On the intraday, the last 3 days action looks like a textbook breakout from base at 2.12, with a flag forming off the recent high.  2.26 looks to be a short term pivot level, but really we want to see it break out of this flag to the upside on Tuesday. 

[Draak]

AVNX profit margin guidance 20-25%. Says AVNX could hit
$60m for the quarter to get to
breakeven.  AVNX sales have been ramping $5m per quarter over the last few
quarters.

That was with transition into a contract
manufacturing model. 

So $60m for March looks a possibilty. The
question is whether with all that  submarine business and FTTH
business.

Will AVNX have a $60 million CC or just below. Even so it just gets better.

[Draak]

http://quotes.barchart.com/texpert.asp?sym=avnx

[ScottishTrader]

AVNX broke down at the top of the channel, and came down to test 2.02 support on Thursday.  Unfortunately it took out my 2.09 stop on the way.  Rallied on Friday and managed to close above key 2.12 level.  Will it continue to the upside, holding the short term trendline, or will it break down and test the base of the channel again? Tough to call, but as long as it holds up above 2.12 this week, it favours a bullish outcome.

CCI suggests further retrace, but it may rally off the bounce on the MACD signal line and RSI mid line.

[Draak]

Going to get Bullish coming into a great CC. Check out the Transcript on Seeking Alpha September the 5th 2006. For employee revenue growth.

I know it's a few months back. But a great read. Each Western AVNX employee has a turnover per person of over $447'000.

One of the best in the Industry.

[Draak]

DD on the big picture!

http://www.iptv-forum.com/

[2ez]

Good day for AVNX....

CC is on Feb  6th.


anymore thoughts  ?