Rekor Systems Inc (REKR): BFDI currently sitting above the 50-SMA....

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Rekor Systems Inc (REKR)

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Re: junewong post# 737

Thursday, 07/05/2012 6:21:19 AM

Thursday, July 05, 2012 6:21:19 AM

BFDI currently sitting above the 50-SMA. Interesting is all 16,000 shares on Monday were short sale and am not sure how that is going to play out since Tuesday was a buy of 1,000 shares on the ASK @ .54 and BID support moved up to .51 cents. I'm speculating that the short seller is sitting on the BID at .475 with his 16,000 shares. Not sure that he is going to get them. Looking at the 6 month chart it appears that we have broken the downward trend and are moving up. If we can break .56 resistance I believe that will become the new support. Accumulation is looking good as well. If anyone else has any comments please feel free to chime in. THANKS!!!

stockcharts.com/h-sc/ui?s=BFDI&p=D&yr=0&mn=6&dy=0&id=p95831754585

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