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Message: from scc

from scc

posted on Dec 08, 2009 01:07PM

here's one that looks interesting to watch for a break...read

We actually brought up Silicon Image, Inc. (NASDAQ:SIMG) in a bullish light back on November 23rd. At the time we liked the resilience; we just needed to see one more thing before pulling the trigger. We'll, we've seen that one more thing.

At the time, Silicon Image shares had fallen back on low volume after making a high-volume breakout attempt. We simply needed to see SIMG cross above those high-volume highs of $2.42 to confirm the bulls were serous. As of today, the stock's hit $2.46. Volume's been ok, but not great... yet.

Given that we're inching closer and closer to an actual close above $2.42, I want to reiterate the bullish situation with Silicon Image, Inc. The underpinnings of a rebound are in place; we just need a catalyst, and I think one's around the corner. Be ready.

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