It will be back ....Read attached info on EYDY!!!!
Eye Dynamics has a patented “goggle type” device which measures important human eye movements used in the diagnosis of alcohol or drug impairment. This infrared device, called EPS-100 was invented by Eye Dynamics and the company is the leading Infrared / Video based technology impairment testing device manufacturer in the world.
The significance to having this device is demand has already started flowing in from the US Government, States and private companies to have this device for drug testing transportation workers, military, corrections and more. Also, private companies are looking at this device for use in on the job accidents to minimize exposure in lawsuits.
We have heard one state school district has already ordered these devices and other states are looking into them. Imagine if the school officials could possibly stop an incident similar to that in Denver, because they now have a non-invasive, quick test to determine if a youth is under the influence of drugs or alcohol. That is the key here, this Infrared / Video based technology impairment test is non-invasive and fast, only 90 seconds from start to finish. The only other types of tests are blood or urine samples, which have to be sent to labs.
The law enforcement market and the corporate / industrial market alone is $3 billion, not to mention schools, government agencies, transportation and correctional.
That is why we think this stock has seen so much attention in the last few days. There are very few shares outstanding, Eye Dynamics has a patent on this device and the EPS-100 is, according to a February 11, press release, the best performing device of it's kind in a government funded study.
Eye Dynamics sells each device for approximately $15,000, so the company is making significant profit on these devices.
We wanted to see this stock break out to the up-side before making a buy recommendation, which it did yesterday on high volume, now our target is $3 or higher, short term, but it should keep going to over $5 if the volume stays strong. At $5 it would not be over priced, in our opinion, given the potential of the company. Watch this stock carefully today, if it breaks over $2 it could go on to $3 or higher quickly.
They have a web site at edi-vng.com. or call them at 310-328-0477 for more info.
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