What a difference a day makes!
In case anybody hasn't read it yet, here's yesterday's news:
biz.yahoo.com
Also, according to the SEAC thread on Yahoo, the stock was upgraded yesterday by Wedbush Morgan with a 12-18 month target of $18. The stock rose 47% on volume of over 700K shares. I'm having a little trouble reconciling that move with the news release. Perhaps there was some short covering going-on, and perhaps the fact that two Market Makers who have been selling this thing for three weeks, finally got off the ask was a contributing factor... but if you ask me there is something cooking... and it smells good!
I would love to speak to Martha about the significance of this partnership, as perhaps I'm not appreciating it's magnitude. But unfortunately I'm off to the Bahamas for some fishing on Monday morning and won't return 'til mid month. AMX corporation, at first glance, looks like a great little up and comer and a perfect fit for SEAC. If anyone has something more intelligent to say about the partnership, please feel free :-)
I'm expecting more positive news to come out of the NAB show this week. I'm sure we picked up some daytraders on Friday, and I wouldn't be surprised to see a shakeout or two, but yesterday was pretty big folks. A move like that coming one day after a 52 week low, and probably the all time low in investor sentiment is quite impressive indeed, and appears to be much more than a technical bounce. Any shorts listening... be careful because you could get burned big.
Congratulations to all who hung in there. What a difference a day makes! Go SeaChange!
Brad |
