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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
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Friday, May 09, 2008
CryptoLogic Declares Quarterly Dividend
Comtex
DUBLIN, IRELAND, May 09, 2008 (MARKET WIRE via COMTEX News Network) ----CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a leading software developer to the global Internet gaming market, announced today that its Board of Directors has declared the company's quarterly dividend of US$0.12 per common share. The dividend will be paid on June 16, 2008 to shareholders of record of CryptoLogic Limited and CryptoLogic Exchange Corporation as at June 9, 2008. The ex-dividend date will be June 5, 2008.
For Shareholders of CryptoLogic Limited, the dividend payment is subject to a 20% Irish withholding tax.
About CryptoLogic(R) (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic(R), visit www.wagerlogic.com.
CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY), the NASDAQ Global Select Market (symbol: CRYP), and the Main Market of the London Stock Exchange (symbol: CRP). Shares of the CryptoLogic Exchange Corporation (symbol: CXY) trade on the Toronto Stock Exchange.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
Contacts: CryptoLogic Stephen Taylor Chief Financial Officer 353 (0) 1 631 9000 www.cryptologic.com Argyle Rowland Communications Karen Passmore (North American media only) (416) 968-7311 ext. 228 kpassmore@argylerowland.com Argyle Rowland Communications Dan Tisch (North American media only) (416) 968-7311 ext. 223 dtisch@argylerowland.com Corfin Communications Neil Thapar (UK media only) +44 207 977-0020 Corfin Communications Harry Chathli (UK media only) +44 207 977 0020
SOURCE: CryptoLogic Limited
http://www.cryptologic.com mailto:kpassmore@argylerowland.com mailto:dtisch@argylerowland.com
Copyright 2008 Market Wire, All rights reserved.
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