AQNT

[HotAirBaffoon]

DJF,

What's your take on AQNT and how far can it run? Ascent is pretty steep lately.

Thanks,

[glow=yellow,2,300]HAB[/glow]

[DJF]

Charts looking a little stretched alright. If you are in for the short term I would trail your stop to run just below the prior third day's lows (which comes in around $17.00). A consolidation has to be expected soon - but how far it will pullback will remain to be seen. $13.50-$15.00 should be good support so I would to here as the extent of any pullback. Upside - I am sticking to a test of $20 as a price target.

stockcharts.com/gallery/?aqn%20t

DD as always,
DJF

[HotAirBaffoon]

Thanks for the price target - I've been thinking $20 will be a pyschological barrier more than technical - if we can break through that, I put fair value between $20-$25 for 2005, $30-$35 for 2006.

Appreciate your TA insights. :-)

[glow=yellow,2,300]HAB[/glow]

[DJF]

Held up well in the face of today's selloff. I think this will pullback further - but the fact it avoided the panic dump seen in the markets as a whole shows there is demand here (or at least people are willing to hold).

Good prospects
DD as always,
DJF

[HotAirBaffoon]

DJF,

Looks like AQNT is headed higher now that resistance at $20 as been broken. Where do you see the next resistance point - is it the IPO price of $24?

As always, I appreciate your time/opinion.

[glow=yellow,2,300]HAB[/glow]

[DJF]

The projected move is around $25, but the point-n-figure target of $31.50 does not look unreasonable here.

stockcharts.com/gallery/?aqnt

DD as always,
DJF

[HotAirBaffoon]

DJF,

Seems like the current dip in AQNT is bottoming - what do you see (I'm seeing 17.68 as solid support).

TIA,

[glow=yellow,2,300]HAB[/glow]