Energis (EGS)...

[Riz]

Up for the first time in a while (+6/2.4% to 260 )

Quoting this from ukinvest: Energis (EGS - news) at 254p remains CSFB's darling owing to its earnings positive status, national concentration and lower financing requirement. Its shares offer upside potential of a staggering 120%, according to the broker.

Well at least this time they didn't go down on buy advice news...

Maybe it's time for another ride..

Riz

 

[ChartMan]

And would that 120% be over 3 weeks or 3 years?

 

[Riz]

Hehe...

Don't know about their target but by the way it moved today I'd say they'll soon hit mine

Did ok today up +12.5 (4.8%) to 272.5 as "In a note this morning, Morgan Stanley repeated its recommendation on Energis as a 'strong buy', setting a price target of 730 pence. At the same time, the broker said it was 'positive' on Colt Telecom."

Holding 2 long positions and watching tongue on cheek

Adding a chart here...have a look at RSI forming a deep U bottom and breaking resistance on top...I find this shape quite bullish...

Still I'd like to point out that EGS is not safe for long term holding unless they turn 300 resistance into support...

Riz