Monday, August 11, 2008

Wi-Lan's Friday Jump and Today's Announcement

First of all, I'd like to apologize for the lack of posts lately. It's been a pretty busy time around here, with a new job, new friends and new extra-curricular activities. All good stuff! The only downfall is I've had very little time to concentrate on the markets and my net worth has been pretty much stagnant since then.

Nevertheless, I'd thought I'd highlight the interesting increase in Wi-Lan's stock (WIN-T) on Friday and today's great news that WIN settled a pending lawsuit with BlackBerry maker Research In Motion (RIM-T) and that it was sharply raising its forecasts for fiscal 2008.

The 1-year chart:

and the 30-day chart:

The last 3 days price history (close / high / low / volume):

Aug 07 1.62 1.65 1.62 48,933
Aug 08 1.78 1.85 1.62 526,705
Aug 11 2.19 2.43 1.80 1,983,473

Notice the big, 'unusual' jump in price on Friday and the nice run-up after today's announcement.

This serves as just another reminder of the value of following 'irregular' price changes that break technical patterns.

No comments: