January 28, 2013
Old Net-Net Blonder Tongue BDR On The Move
Former net-net Blonder Tongue Labs (BDR) has 5.5 mil in net current asset value and a market cap of 9.6 million. It has always been one of those perennial net-nets. Always below and around net current asset value. Unfortunately I wasn't watching it lately. It has bottomed out as this chart shows. I circled the failed breakdown. The stock then was in breakdown mode until the lower low turned into a spike bottom. Confirmation of the failed breakdown is where I drew the arrow. Failed signals can be very powerful. The second chart is the beautiful flag it printed. The chart is real bullish here still even though I missed the perfect setups and price. I'm long biased on BDR.
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