Cogent Communications Group, Inc. (CCOI)
The Company provides low cost, high-speed Internet access and Internet Protocol communications services to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations.
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Chg to ST20 A 8/4
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Ithink it took a hit today with everything else, but it has been bumping along for over a month and a half with almost no change in price, and I can't find any news to explain why. I am tired and about to go to bed, will do more research tomorrow before I actually do any buying. And picking here won't cost me real dollars if I goof.
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Output from Asterism:
13 / 15
19.8 / 23
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Creating a portfolio of stocks with large numbers of insider buys.
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They are already on their way to reporting profit. The will do well in a down economy as cost-conscious businesses find value in Cogent's low cost offerings vs the competition.
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Technical analysis.
1. Stochastics pointing down.
2. Volume has no been increasing any.
3. Doji
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Cogent is one of the last of those 2000-era stocks that continues to rise in the telecom space on no premise. The company has reported increasing loss the last two quarters and for five years running now. Yet somehow they always have an analyst willing to back a 40% higher price target. The technicals here are finally looking broken and the prospect of another $1+ loss per share is a reality for the year. 6.5 times sales, 7 times book and a rich history of losses. Im not impressed.
Nero
Sagetrade
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hot sector pick
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Company is on the verge of reporting cash flow positive positions, and will be profitable in the next couple of years.
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Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Strong Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.
Look for Support at 16.14
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Bussiness , internet provider
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Everybody needs someplace safe

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