Reeds Inc (REED)

[up_and_down16]

A buyout at around 10 would be good. However, if they are able to spring any deals in the Far East, that would boost revenues big time and could propel us towards 10 anyway.

For now, it looks like it is finding support at 6.10 or around there. That is good - it needs to form a base there. Am hoping for a move up from here next week. There has to be some news on Monday for this to stabilize here or keep moving up, else we may possibly slip to below 6. That, of course, is not desirable.

Your thoughts??