Some members brought CNOA to our attention during last fridays session as CNOA was making a very bullish move and forming a very attractive technical set up that should make us some money. As well we have the recent release of Q4 and FY 07 results to help back up this move.
“Net sales for the full year 2007 were up nearly fourfold to $44.5 million compared to $9.0 million for the full year 2006. Full year 2007 net income was $13.5 million, an increase of $10.1 million, or 297%, from the full year 2006 with earnings per share increasing to $0.26 earnings per diluted share compared to $0.07 per diluted share for the comparable period in 2006, based on 51.6 million and 51.5 million diluted weighted average shares outstanding, respectively. Please note that the 2006 share count reflects an adjustment resulting from the reverse merger that took place in March of 2007.”
I purchased CNOA near the close at 1.33 . If this breaks out from resistance at 1.43 we should see this move easily towards $2/share imo.
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SYNM