Secure Point Technologies Inc (fka IMSCQ)

[Imperial Whazoo]

I expect little downside because I think they deliberately intended to outwit the folks who typically play the short side of earnings CCs.

See, my thought is that there are always opportunists who want to jack with a small company when it hits the dates of their earnings reports on the expected day. So, assuming that these bad actors got cought flat footed and did not have the 2 weeks they expected to have to build up an illegal short position, there was little time for them to have reacted to the announcement that the CC would be today.

The general rule is "Buy the rumor, sell the news", but this is so much a rote thing that, by pulling this unexpected CC/earnings report 2 weeks early, I figure the pattern of the expected can be expected to NOT be a pattern this time.

Basicly... I calling their deliberate timing 2 weeks early as a rather smart way to trip up the typical bad actors out there.

Also, in that the early date did not allow for a "rumor build up", its rather hard to apply the "Buy the rumor" rule... in that their timing disallowed any rumor, LOL. Hence, I do not expect a sell off... you know, a "sell the news" sell off not happening.

And the simple reason? No rumor to buy.

There is news.... obviously, but the thing about the "buy the rumor" rule is that there is accumulation during the "buy the rumor" part. So, by disallowing the opportunistic bad actors their expected two weeks in which to have accumulated, there is no psoition of shares to employ in the "sell the news" part of the rule.

Hence, news without a sell.

And lastly, the chart does not look like a pivot point.

Not high & not low.

In fact, its looking to me like is going to be an "A-B-C-D" thing, and we just started the C-D leg. If thats what happens and if its a symetyrical C-D leg, then the leg should be the same size as the A-B, which means we should see 1.75 as the top end of the C-D leg.

So thats what I'm looking for over then next few days/weeks. A C-D leg reaching at leasat 1.75.

And anyway, the news was rather nice... 513% up revs? Really? Debt attributable to a one time event of issaunce of bookable options?

Not exactly negative in any way.

I say its going up.

Keeping my fingers crossed, anyway.

Imperial Whazoo