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Jim,
I don't know whether or not it is accumulation, but I talked to the company today. At the last board meeting, they decided to approve additional share repurchases. It seems that these are the levels, at which they like to buy back their shares. Just as they did at the beginning of the year. I would not buy this stock to try to trade short term, sponsorship is probably not great here, which is why the stock is SO CHEAP. Give them 3 to 9 months, if not 6 to 18 months, and you can all but count on a 50% to 150% gain. Just look at what the March quarter's did for the market price, and then think about all of news offerings the company will be introducing! At a price any lower they would be almost literally giving the company away, with that $2.50 per share in cash and no debt!
A.L.
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