Jim, it could be a combination of a few things;
There are still alot of shares in weak hands that have been waiting to dump on a small increase....additionally, there are alot of shares out there, making it easy for the MM's to play....as the supply decreases and the big shareholders keep holding long, the price will steadily climb......we had a very nice gain today, and a very high trading volume which I believe to be primarily based on the PR....I think that the climb will continue for a little while, and then level off....what will really keep the ball rolling is the release of financial information which is set to occur within 35 days. With a combination of a solid management team, a well funded war-chest of cash, govt. guaranteed on-going mortgage revenue in the 10's of millions, some diversified and revolutionary niche products with large margin potential (videophone & AWS), and documented financial information (filed with the SEC) to backup the claims, the stock is sure to catch the eyes of private and institutional bargain hunters willing to snatch up shares in volume. All that seems to be missing is a little patience. Of course that's just my opinion, your opinion may vary.
DM |
