Mitek Systems, Inc. (MITK)

[Trum]

You sound somewhat bearish on this based on the charting. One thing that I try to balance into the equation is the technology involved and the ratio of funds holding (yeah the charts also account for some of that). Sure we can see this trend down based on market forces alone - yet something tells me we won't see much of a trend downward until the funds do their capture and lock in gains. I think over 13%-15% for some of these guys is conservative but considering the industry my bet is that it will be much closer to 25%....so if some of them start exiting at around $10/pps we could see a good opportunity to buy back in around $7...as the fundamentals have only changed for the better. My gut tells me that if we see close to $10 it will be due to continued good earnings and growing customer base...and a hedge fund mgr would likely start setting up blocks for trigger sale only on drops....they can't waste gains like this if their overall mix is on the south side of any volatility.