We are now half-way between ADMT earnings reports. The next one due approx mid-May. Approximately 2.5 million shares have traded since the February quarter, when new hi-tech tooling devices purchased to handle the influx of new orders were fully written off, rather than amortizing them.
The increased volume all traded in the .17-20 cents range, reflects the impatient weak traders who sold their stock to the strong bidders who absorbed, all stock sold, filling their baskets at a good discount from recent highs. Today's action of 180,000 shares, up 10% on the day, affirmed removed overhead resistance at $.20 short term with conviction.
Whether news is coming short term or expectation of a strong earnings quarter following the new tooling write-offs in February, ADMT appears ready for the next leg up. Chart pattern on this new leg could add 20% to current price to the stock short term, and possibly a double over the next few months, which would return this dynamic company with its new products, to its historic highs in the .45-50 cents range.
New investors should check the recent interview with the Andre DiMino CEO of ADMT found in the previous post here. Its pipeline of new product orders should produce the fuel for quarterly gains for the coming year & beyond. Now is the time to invest in ADMT. Present longs may see this price as an excellent opportunity to increase holdings and benefit from their patience to stay the course.
See You at the Top ... Stay the Course!
