Eric, NANO fits into the same general category as the other stocks like MTSN, CMOS, FSII and EGLS, smaller cap stocks that can really move if they get a little push by the news media. Based on your post, I went back to look at some specifics on EGLS and NANO. Here is a summary of what I found. First, the results over the past few days.
Symbol Date Price Date Price Gain # Trading Days
EGLS 8/26 1.79 9/4 2.86 60% 6
NANO 9/3 7.67 9/17 15.10 97% 15
What made EGLS move? From what I could find, it was an interview by the TWST with the Chairman of the Board of Electroglas on 8/26. I can't "paste" the full interview, but here is a statement by Mr. Wozniak when asked by TWST why an investor would want to include Electroglas in their current portfolio.
<"I think for a longer-term investor, the significant investment we have made in technology over the last five to six years has given us a platform for 300mm that we fill is very, very strong. We now have significant capability in networking applications for both our 300mm and 200mm equipment that we believe is well above our competitors, and we have some new technology that we introduced most recently in July that our customers tell us is the best solution available today for their growing strip package handling needs.">
That interview was apparently the "trigger" for the 60 percent gain in the next 6 trading days - you have to be fast to catch these kinds of moves.
Now lets look at NANO. There is a lot more news there, so let me just list what I found starting with 9/4.
1. (9/4) A press release touting "their first integrated metrology tool to combine two measurement technologies, the NanoOCD(R)/DUV 9010"
2. (9/5) A press release touting "Enhanced Nanometrics 9300 Advanced Metrology System combines Two Metrology Technologies on One Stand Alone Tool."
3. (9/8) A press release touting "First Optical Critical Dimension Metrology Tool for Masks and Reticles."
4. (9/9) NANO upgraded by Needham to BUY from Hold - Target is $12.
5. (9/11) From Briefing.com - NANO trades up 19 percent on 6 times average volume amid rumor that company may be bought by AMAT.
6. (/11) Nanometrics target raised to $21 from $14 by Oppenheimer.
So that is all it took to make the price go up 97 percent in 16 trading days. Congratulations on being along for the ride. Wish I could have been there with you.
Don |
