From Sparky: Sunday 02/29/04 6:12 pm cst
Seeking Solid Near-Term Growth? The Ideal Vehicle = TIGR!
During the second half of last Thursday's seesion and thru most of Friday's, TIGR shares underwent a sizable profit-taking correction.
Shortly before last Friday's close, however, this trend staged a clear reversal and by the session's end, buyers clearly outnumbered sellers.
That said, Sparky's now confident that in the week ahead TIGR shares will not only find solid support in the 50 cent area, but that they very well may test 75 cents.
And as interest in Tiger Telematics and volume in its shares increases over the weeks ahead, Sparky sees a test of the $ 1 level probably before the end of this quarter.
Sparky bases his prediction of firm support near 50 cents on the fact that nearly 20% of TIGR's trading float changed hands at prices between 50 and 65 cents a share during the past week.
And, Sparky's predictions that TIGR shares will test 75, probably before Friday, and $ 1 by quarter's end are based on two factors.
First, Sony's recent announcement concerning its delayed launching of the PSP until after March 2005 has enormous market share implications that few, except perhaps Sparky here, seem to yet fully appreciate the true significance of in terms of future profitability.
Put another way, Sony's delay is bound to translate into a bigger piece of the mobile gaming market pie for TIGR.
And, if before its formal launch of Gametrac TIGR were to team up with a retail Big Hitter, let's say a company having a retail infastructure that's big enough to assure maximum exposure and minimal production imbalances, the additional market share that could be gained by Sony's delay of the PSP would be even bigger!
The Second reason Sparky expects lots more near term interest in TIGR, and hence much higher share prices, is that the street is finally beginning to rightfully focus on the after-sale revenues that will be associated with Gametrac sales - And it's about time, for in many respects this is a razor and blades type retail situation, the kind most investors appropriately adore.
So,just how quickly TIGR shares test 75 cents, and then $ 1, will depend on just how rapidly the street grasps the true bottom line siginifance of the above.
Sparky already has realized the impostance of the points above, which is exactly why he seriously thinks a test of $ 1 this quarter is very likely.
And as bold as these statements may seem, last December, when TIGR shares were at a nickel, Sparky was saying the very same things, for pretty much the very same reasons!
If you didn't listen then, please listen now.
Sincerely,
Sparky
