thanx LABMAN,
Here's the article from SH at stockhouse.com
>>Microforum [MCF:TSE]
-- Radio Interview Sparks Breakout?
MCF surprised even those close to the company this afternoon when trading suddenly broke out of its recent tight range in the high $1.20's. The shares closed at $1.53, up $0.25, after briefly touching $1.60. Volume was a robust 1.3 million. A specific fundamental reason for the surge is difficult to pinpoint. Instead, this may just be a
case where the technical trading forces finally caused a break out. In simple terms, the float available at a certain price finally dried up, and when some buying pressure came in looking for stock, the price had to move up.
A cause for the renewed buying interest is easier to suggest. First, we are still expecting an announcement about MCF's next deal with a widely recognized name-brand company, and investors could be speculating over the timing of that news release. Alternately, we understand MCF CEO, Howard Pearl, was featured today on "The
Friday Market Monitor with Walter Traversy", a radio program aired on CFRA Business Radio in eastern Canada. It is possible that buying from the audience of the show was enough to trip the demand/supply balance
in MCF's favor.<<
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