Secure Technologies (fka SCTC)

[growacet]

Thanks Domerfan17....

Frankly, I prefer no news as its my opinion that news clouds the technical picture. If TA looks bullish but the company is being heavily touted via PRs, articles, analysis...well the TA picture should look strong as a reflection of all the buying demand created by what amounts to advertising in my opinion.

The volume traded so far this year represents over $10,000,000 in money spent on and realized from the buying and selling of FXGP's shares according to my estimates (please feel free to verify).

The crux of your question centers around price per share...frankly I'm at something of a loss as there are so many variables in play speculation is difficult. We did bounce strongly off the 5 day MA and I consider that a very bullish near term indication:

http://stockcharts.com/def/servlet/SC.web?c=FXGP,uu[l,a]dallyiay[dc][pb5][vc60]&pref=G

The bottom line though is that it comes down to the strength of the hands currently holding shares versus the buying pressure of those looking to purchase. If news does come out then I suspect some will sell into it (sell on news) and others will see it as vindication of their earlier buy decisions and hold and maybe add.

FWIW when I see this type of chart combined with no press or promotion...well I consider a strong possibility that promotion will follow. Those that have been buying hopefully have strong expectations of news and/or promotion that will see the market assign FXGP a significantly higher PPS.

Best of luck, FWIW having gone through what I consider to be similar activity with IDNW (now GBLT) I think .10 in the near term (inside 2 months) is very possible. I sold IDNW/GBLT after a nice gain...but I missed out on more substantial gains because I was nervous. Sectors get hot, IDNW had VOIP...hopefully FXGP will catch a homeland security wave.