The SCO Group, Inc. (NASDAQ:SCOX)
Functional Analysis: This pattern of decay with an unsuspected upswing looks eerily like the manipulation of hedge funds in the bankrupt and inevitably to be canceled stocks of Delta Air Lines (DALRQ) and Northwest Airlines (NWACQ). However, there is a big difference. SCOX is not bankrupt. In fact at this time they can pay off all liabilities from current assets and have about $7 million left over! So we are left with a real puzzle, why is SCOX moving up? At this time, The AntiBrokers regard the upswing as very suspicious, but it is not an open and shut case of manipulation as was the case with the bankrupt airlines.
Technical Analysis: Downtrend (B) was peacefully carrying SCOX across the river Styx, when the uptrend (C) emerged and broke the downtrend (B). Initial target is resistance (A) around $1.70.
Summary: The AntiBrokers are very skeptical: Hold.
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