Traderfan...SCKT... The float on this stock is very small. Of the 4.8M shares outstanding right now, I can tell you who owns 2.5M of them for certain (Only around 30 people or so......insiders, large shareholders, and a whole bunch of medium size/small shareholders I personally communicate with). As such, it's going to be extremely volatile going forward imo as buyers and sellers can move the price just by their own actions.
It's why twice in the past (when the 7xi was initially announced in 2011 and the 7ci in 2012) that the stock went close to $4 intraday when 300K+ shares hit it. On a side note: I know they will be announcing their new 7pi and 7mi (Apple certified laser scanners for tablets/industrial/warehouse us) in early May. It'd be nice for a similar reaction. I doubt it, but it'd be nice.
From all the research I've done and the inventory tracking, I'm almost certain that good news will be coming this afternoon. Then again, it's SCKT and I'm used to being surprised in the wrong way.
