"...The increasing volumes and breakout to new all-time highs attracts attention imo."
Yes, I agree. Some of that is due to fundamntal investors looking for ideas. A lot of it is momentum players looking for action.
"...Combine that with the fact that the results for the company are real"
They have been real for 6 quarters. The stock has been undervalued for 6 quarters. Donovan hasn't closed on anything yet. Nothing has changed, except we have a new CEO who is in the process of proving himself. But anyone is better than Cole. They could have replaced him with a hot-dog vender and the stock would have hit $1.00. So they replace him with a smoothie king and it hits $1.13. I'll take it! That's why I've been pounding the table for Cole's replacement all this time. Get him off the conference calls it might go up another .30.
"...insiders are buying"
Steinberg has been buying huge for a year, yet even that couldn't lessen the fallout from the market collapse.
"...a share repurchase is authorized"
Now, that is something different and immediate. It has likely put a floor under the shareprice. At least for a while.
"...and there are possible game-changing deals that could be announced"
Until they are closed, it's all hype. I've been around penny stocks long enough to know the deal-io. And furthermore, they've had "game-changing" deals in the past that amounted to much less than expected. Think of the Sci-Games license for example. On the surface it was a blockbuster. I don't think we could hope to land a seemingly bigger "deal" than that one (US lottery), and yet it was a disappointment. I'm not convinced about the recent Sovereign license either. Sovereign = Tom Darwin + Chuck Womack. Two no-names with no history. I'm going to go out on a limb and say that their credibility is slightly less than Scientifc Games (Symbol: SGMS).
"...sure, some of the move can (be) from momo-traders, but I'd venture to say there are more strong hands that acquired the stock looking at a longer horizon than the traders that noticed the breakout and jumped in. Anyways, those traders are probably gone now as we consolidate in the .80's."
We could benefit from a lenghty consolidation. In my experience, the steeper the rise the weaker the hands.
"...Another possible positive catalyst, and since there aren't many large concentrated institutional holdings left at this point we don't have much risk of a large holder liquidating their position."
"...I highly doubt they would have elected him [Farrell] to the board had it been illegal... otherwise it might be construed as insider trading; but hey, one only has to look as far as the reason why the Pequot Funds are shutting down to see that the possibility is within the realm of reason."
Interesting speculation. That hadn't even crossed my mind.
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