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CNLG - Conolog
Conolog (CNLG) stock is rising this morning due to the following news.
Conolog Announces Advance Orders for 280 Systems and Other Equipment Valued at over $1,900,000
Conolog Corporation (CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today receiving advance orders for its PDR systems and other communication equipment valued at over $1,900,000 with deliveries to be scheduled over the next fiscal year.
Chairman of Conolog Robert Benou stated, “We are gratified that our new products and legacy components are increasing in demand.”
Benou added, “The Company will continue to control its production efforts and look forward to the production and marketing of our ‘Glow Worm’ and the design and introduction of the CM100 Multiplexer.”
http://finance.yahoo.com/news/Conolog-Announces-Advance-bw-72408999...
Views: 18
Replies to This Discussion
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Permalink Reply by Savedbygrace on -
Where is resistance/support on this?
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Permalink Reply by Stocks To Buy on -
Well now it is $4....support around $3.40
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Permalink Reply by Michael George on -
I would short this over 4
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Permalink Reply by Michael George on
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Someone pushed it up with a 100k buy order over 4, probably a fake order to short on the other side.
See, it was a fake buy order...
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Permalink Reply by Savedbygrace on
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I owe a big "thank you" to whoever that was :) Thanks for your help!
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Permalink Reply by Michael George on
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Don't risk buying here unless you are day trading.
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Permalink Reply by Michael George on
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Wow, I think those who shorted this are covering scared... there is only 3 million shares outstanding, this thing is overbought and more than likely there will be an offering after this huge spike, the offering will be much less than 5, if this goes over 5, I'm going to short some
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Permalink Reply by Michael George on
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I'm pretty sure its going to fall under 4, not sure by how much though
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Permalink Reply by David RM on
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Ive never shorted how does it work I have the option in my list or possible transaction sell short but im a bit confuse beside
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Permalink Reply by Michael George on
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Don't do it if you are unfamiliar with it because it is pretty risky.. here is a link on how it works
http://beginnersinvest.about.com/cs/newinvestors/a/022703a.htm -
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