My guess, this morning started slowly as a relief rally. We had day traders moving in to buy at mid-morning (<15,000 share trades), pushing up the price until mid-afternoon. Then panic buying set in around $2.26, trading larger blocks up to the $2.40, then the traders began selling into the last hour again. This is very definitely a day trader stock now! I don't expect the price to hold up tommorrow.
I fear TKO has lost its market potential. Every hotel I stay at already has wi-fi (not ibridge system). Smaller towns in fact already have wi-fi available throughout the city (eg. Bloomington IN) where you don't even need a hotel link. Competing technologies I fear may be gaining ground.
I'm also have always been highly suspect of the GE arrangements. They may pull on TKO what they did to APWR, buying only select assets that remained after BK rather than the whole company.
Unfortunately I think it will be difficult to measure Q1 revenue success in the hodge podge of numbers from acquisitions if they are mixed together. It will be easier for this management to hide any actual revenue derived from ELNK, GE, EDS, etc. to measure sales success if they truly want to.
$2.72 looked like a low to me on 2/27, as did $2.38 on 4/16 and $2.32 on 4/23, but nothing has held. Maybe you guys will get lucky in here now. As for me, give me clear revenue numbers first. (It would also help if the economy was on the rise rather than decline, and we weren't headed into the summer doldrums.) Once burned, twice learned!
