I think the main reason that the stock went up to 14, actually, was due to the release of the Mayo clinic news, backed up by the fundamentals of the company getting the Medicare approval, the increasing sales and the promise of EECP itself. This happened in a bull market which helped, of course. So it wasn't one thing, but the trigger was clearly the news from the Mayo Clinic getting out there. It sold off pretty quickly back down to about 8 or 9 I think.
Now I see a higher price coming out of news that will be ongoing. It is better if the price builds more slowly because that means a stronger base of buyers who are holding, which is what is happening now. It wouldn't surprise me to see 20 before the end of this month if the market holds up, boosted along by news and increasing public and market awareness. I also think with all the increased revenue, probably at least a 20-25% increase over last quarter, that the price will hold up a lot better, even with a down market. Next year this company will fly. |
