The quarterly report always scares people away - revenue looks to be improving but expenses are definitely not going to fall with the increase in marketing and International development. This looks good to me, i hope it falls into the three dollar range because it would be fundamental to buy a few thousand shares at $3 -$3.50 and watch it go to 6 dollars again. This will be a good pattern because there are many shares outstanding - but the company has a proven product.
People and institutions are buying this thing because of fundamentals (it's truly retarded not to have this service if you are in the market - it's the cheapest most cost effective way to obtain a safe, fast, internet connection). When the price runs up, there are thousands of others (IMO - mainly beneficial share owners) that are selling their shares because they have made a couple of million bucks (a million shares multiplied by a dollar or two run up in the market).
based on this - until Telkonet truly proves itself, or turns a profit, this pattern will be there - I would buy in the $3 and $4 range and look to sell in the $5.50 - $7 range in the short term. Long term is just as exciting because the management will soon take this company into profit IMO (within the next 2-4 years) - as long as one has the stomach for the above patterns to come, I don't think any of the prices that have come onto the ticker have been unreasonable. This is at least a $10 stock in 5 years IMO.
AI
