Chas, to be honest I was talking to my brother this evening more about the after hours trading that has started to occur the last few days. Tonight so far the stock has traded as high as $1.74 (7 cents above its close) and last night was the same way, it traded well (ok well for DSS) above its close. More importantly it opened pretty damn close to the $1.60 level this morning. I have always said, if we get good news and volume buyers in here, I could care less who is selling, they will be wiped out in the run up and I still believe that. We need attention to the stock and I think we have started to really get it. The Novell settlement should be good news, the case against Salesforce is a good thing as well because honestly FB and LNKD are going to fail on their delay attempts now.
Turning to today though, what i did see was a few very large orders go through of 50k+ shares. Trading 1.1 million shares was an excellent sign and I think tomorrow we are going to open up in the 1.72-1.75 range and the volume will continue.
I will say this though, if we trade back down under $1.50 now, all this news it for naught...we should definitely not retest there, we should be testing 1.90-2.00 in the next week.
For a short term gain I hope to see the momentum guys, but as I said those guys are out as fast as in. They took SPEX from 9 and change to $27 in a day and my guess is that stock is going right back down to $9 again in the next few days as those guys are gone and pumped and dumped it. Its always good to follow these guys...if you cant make money on the way up ....you can make it on the way down after they leave. I really want DSS to see legitimate buying first without these guys, then they come in and take it over $3 again.
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