Recently, I ran across a small company, Selvac, which was advanced
25-35% within an extremely short period of time. Although it was difficult
to find any information, I found that SLVC markets and manufacturers
appliances that use a patented hair removal system. The float is 9
million, the market capitalization is 84.5 million.
Insiders own over 36%, and continue to be heavy buyers. Just a few
quarters ago, there was no institutional interest. But within the last 2-3
months, 284 institutional purchases were made. I am not aware of
any sellers. Those insitutions involved banks, hedge funds, and
mutual funds. The volume of the company rapidly grew, and the stock
had a terrific runup. At present, it had a minor pullback after establishing
a high of 9 3/8 on dropping volume, and is starting to pick up steam
again. It clearly looks like an interesting and potentially explosive
situation with an initial target of 11-12 dollars a share.
I hope the readers of this thread will feed me and each other with
additional useful information on this exciting little morsel.
--Magnifique
P.S. Let's hope it'll turn into another Applix : ) |
