Toad to prince? Yah....I've seen it before(ANCR & EMLX being but two examples), and would like to think that perhaps it could happen with SIDT. It appears they've finally begun to figure a way out of the financial conundrum they've been in these past few years.
That is, having a product in R&D which they need further financing to bring to market, yet with financials so bad none want to go near them. This boost from Cannon speaks volumes to me, as it's one of the first times we've heard any names mentioned in conjunction with SIDT. However, I think they've got a wee bit further to go, so shorter term SIDT should spend some time trying to find a new base. After all, given the goodly run-up it's only logical some retrenchment should occur. I will say that watching this mornings action had me thinking, "uuuuuh, ohhhhh, dumping is now occuring". Yet...it's bouncing off $2 and there appears to be some large block buying going on at this point. What does this mean? Hmmmmmm....base building, me thinks.
But we need some more time to determine if'n this is indeed the case. There ARE issues to overcome, and they've been touched on by prior poster Joe(imho). And these are the types of issues that make the market nervous. But when considering them one needs to also remember the size of recent insider buying. Insiders don't typically buy for the "quick flip". They buy because they see the merit and expect the market to come to understand this merit in the future. In other words, they buy because they know(or hope) that longer term it'll enhance their net worth. ;-)
Now let's see if Mr. Eller can overcome that nervousness by continuing to strike(with further news for instance) while the focus is on them and the iron is hot.
Don'cha just luuuuuv speculating?
John~ |
