Update on Sembmarine 5 April 2008

Sembmarine continues to be hampered by the crossover of the 200 and 25 day moving average level at 3.90.

There is also a HCR from 4.00 - 4.20 which will be another resistance level.

It would take some pretty strong news or development to break these levels.

Volume of trading has been constant for some time now. Will watch for any days if increased volume.

A break above the $4.00-$4.20 barrier would likely send the stock back up to $5.10. However I am skeptical that this will happen in the near term. But still something to watch out for as the gain would be still good on that move.

Update on Sembmarine 29 March 2008

Sembmarine is trading above the 25 and 50 day moving averages and broken out of the symmetrical triangle. $3.50 necktie crossover of 25 and 50 day MA looks to be a support level (apex of triangle also).

Likely to consolidate and trade within the range of $3.50 and $3.90 (200 day MA crossover). Note HCR from $4.00 to $4.18 Trading has been low volume for several months now. Watch for price movements with large volumes signalling a change in sentiment/fundamentals.

Sembmar

Breakout of symmetrical triangle noted today. But closed on the trendline. Aggressive move would be to buy at levels near 3.65 tomorrow. Necktie at 3.95.