Is A
Rally
Ahead For Motorola Inc (NYSE: MOT)? Asks Market Timer Frank Kollar
July 20, 2006 (FinancialWire) (By Frank Kollar)
Shares of Motorola Inc (NYSE: MOT) have seen steep losses, along with the rest of the financial markets, these past weeks. On July 14 th Motorola reversed off critical support and has been moving higher. In after hours trading Wednesday, shares were up after the company reported a second-quarter profit that was up 46%.
Motorola, a provider of wireless, broadband and automotive communications technologies and embedded electronic products, been hurt by a weak technology sector as well as a generally declining stock market.
Motorola is not yet a BUY though. If shares can close today above $19.70 it should be clear sailing for this volatile stock. Fibtimer.com (http://www.fibtimer.com) still lists Motorola as a short position in its Stock Timing Strategy since April 28, 2006. This may soon change though.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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