The SmarTrend Trading Community

Q: I have recently read some your Smart Trend comments and was thinking of using your services until I saw comments on Raiser.
Do you work for a service that shorts the stock?
Both times your comments were reflections on the stock during price and value increases.  A decline recently was associated with raising capital.
Why don’t you do a review on their pending developments and talk to the Company?

A: FW: Raser TechnologiesHello,
Thanks for your question and your interest in SmarTrend.  Below is a chart that shows all of the trend alerts issued by SmarTrend since July 2008.  Our system performs technical analysis based on proprietary indicators to detect changes in trend on stocks and ETFs listed on U.S. exchanges.  It does not take into account the reason for fluctuations in price, but is able to track patterns from an individual stock’s movement to determine when a threshold is crossed that marks the beginning of a major swing.  It looks like SmarTrend issued a Downtrend on RZ on June 30th, 2009 at $2.91, and shares have fallen 22.2% as of today’s recent price of $2.26.

Q:  I would expect a trend change for Raser Tech. because so many of the fundamentals of the Company have improved and current financing if coming down to complete more plant production that will quickly follow.
Also a grant for their H3 project is likely go get approved.  You would serve your customers well to issue an alert as to all these possibilities. Naked short selling is likely partially to blame for the current trend.

A: Thanks for your email.  We have RZ in a downtrend as of June 30 when it gapped down.  That gap came right after it failed to get above those 50 and 200-day moving averages.  Looking at past history, we are watching the $2.15 (10/28/08 low) and $2.18 (3/4/09 low) levels for possible levels of support.  If it can hold those and start to reverse higher, then a trend change may be forthcoming.  Any additional positive developments like those you mentioned would obviously assist in that effort.