InPhonic (INPC)

Company

"InPhonic is a leading online provider of wireless services and devices. We sell wireless services and devices through private labeled websites that we create and manage for online businesses, affinity organizations and national retailers, as well as through our own branded websites." (company website)

Buy

2-Aug-06. I had tried to get in on InPhonics last May when I thought it was just about to break to new heights on its road to recovery. Wrong! The year-long slide is still in place, so I'm going to try to get in on the downside. The 50-day moving average is headed down, and it has just touched up with the average. Combine that with a falling 200-day average, and I think it points to further declines. Of course, an earnings surprise could change everything, but...

• Price momentum (PPO) — just below neutral, and slowing
• Trend (ADX) — no trend, below threshhold
• Money flow (CMF) — has been flowing out of the stock for a while
• Relative strength (RSI) — neutral
• Volume — fairly stable at less than 500K shares per day

Buy to cover

3-Aug-06. INPC reported earnings yesterday after the bell and The Market was not pleased; the stock got hammered at the open, recovered slightly, then plunged even lower. Having been burned by dilly-dallying with RNWK, I took this opportunity to grab a nice profit while it was still available.