Phazar (ANTP)

Company

"PHAZAR CORP is a publicly owned company that operates as a holding company with Antenna Products Corporation and Phazar Antenna Corp. as wholly owned subsidiaries. Antenna Products Corporation is an operating subsidiary that designs, manufactures, and markets antenna systems, towers, and communication accessories worldwide. The United States government, military and civil agencies, and prime contractors represent Antenna Products Corporation's principal customers. Phazar Antenna Corp. is a seperate legal entity that currently operates as a small division of Antenna Products Corporation. The Company's operations are performed in Texas for customers throughout the country." (company website)

Buy

6-Dec-06. Phazar had been in a steep slide until November (see sidebar) when news (MarketWatch.com) of a new government contract gave it a big boost, apparently breaking the downtrend. It pulled back to the 50-day moving average, which is now rising, and jumped again. It has pulled back again, but not as far, forming a stairstep of higher lows. Let's see how far this will go.

• Price momentum (PPO) — rose sharply then leveled off, more or less
• Trend (ADX) — fairly strong trend, with selling pressure (-DI) weakening slowly
• Money flow (CMF) — slight outflow again after a period of steady inflow
• Relative strength (RSI) — ticking up slightly from neutral
• Volume — lightly traded, but stable at a higher level after the big price jumps

Sell

13-Dec-06. Well, it didn't go far. In fact, ANTP closed lower every day since I bought it, and today it was down almost 8% on the day.