Could be a gapper in the morning...
Whispers and Price Action Signal "Big Deal Ahead"
Website: www.stockhouse.com/insider
E-mail: insider@stockhouse.com
Name: Diversinet Corp
Symbol: DVNTF
Exchange: NASDAQ (full-listing)
Price: $1 3/4
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Often, while digging for the inside scoop on a company, we come across an
intriguing murmur about another company, but circumstances are such that the
lead just fades away. In the last two weeks, however, one company's name
has come up repeatedly and when their stock took a jump on Friday, we decided
there might just be something big stirring over at Diversinet Corp.
[DVNTF:NASDAQ] that merits a mention.
Diversinet is a leading security-technology provider for digital
communications and electronic commerce over corporate networks, the Internet
and telecommunications systems. Their authentication and authorization
technologies are easy to use, operate efficiently and offer flexible
implementation as indicated by the recent development and licensing
agreements with Gemplus(R), Oasis Technology and (our own e-commerce hot
stock) Microforum [MCF:TSE]. The rapidly expanding use of electronic
transactions and the acute public concern over the security of online
dealings positions DVNTF for potentially explosive growth.
Our rushed attempt over the weekend to determine what is happening with
DVNTF was frustrated by the suspicious cloak of silence that fell over the
individuals who mentioned the company to us in the first place.
Consequently, all we can say is that DVNTF is involved in some apparently
significant negotiations, which should be nearing completion. Moreover, the
charts show this stock has historically moved higher in advance of previous
announcements (e.g., see Gemplus(R) news in early December).
Piecing together the clues, the Insider Group now believes Diversinet is
about to announce a market-moving deal very shortly, and if the right
parties are involved, DVNTF should find itself trading well above its Friday
close of $1-15/16. Based on trading activity over the last five months, it
appears the critical share price to watch for is $2-1/8 with a strong move
over that level indicating a likely break out to a higher trading range.
Insider Group
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