Monday, February 27, 2012

AMRS, not AMKR, my mistake.

I am not convinced this is an earnings leak, rather it looks like AMRS may just be getting under way building a little base, while it could be earnings related, I don't see recent evidence of moves that would lead me to think that is a high probability. So there are only a couple of charts that matter since nothing strange moved today.

 The 15 and 30 min charts are positive, this could even be a bounce reaction from the gap down on the 9th or 10th. I don't see this as an earnings play, but it may be one worth keeping an eye on.

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