Saturday, December 18, 2010

Entropic (ENTR) < 10

Long ENTR if it pulls back under $10, buy half now and wait for further pullback or confirmed up-trend.

Current 50-day MA ~ 9 (it has its 50-day pretty well) 200-day MA ~ 7.


Entropic makes the chips that support the record in one room watch in another technology in DVR's today.  If the trend in technology is to put everything into HD TVs and Blu-ray players 2011 could see the chips in many more devices...

This is a long play (so an investment) and may turn into a covered call type of trade next year.

Happy trading...

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