Posted: 6/12/2012 8:23:09 AM EDT
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Just thought I would drop a spec tip to watch out for. I make no claims on what its going to do and I am not recommending to buy or not. I bought in at 1.40 and sold out a few weeks later at just over 2.00. They have 0 income so this is purely a speculative play. Originally I bought this purely on technical analysis. I had no idea what they did or anything about the fundamental of the company, could have cared less at that point. Normally I do not purchase low priced stocks like this but this one showed up when I was scanning for breakout companies, the chart looked great so I waited for a price drop and I bought in. After posting in the rapid gain and selling it, I became interested in it as more long term play. I checked up on the company, and low and behold, they do not actually earn anything....yet. They have 0 debt and are bleeding cash at a nice clip. They make cell phone radios and are partnered up with VIA. Supposedly they are hinging everything on getting their tech included with the VIA chipsets in cell phones and currently they "supposedly" have one such nearing production. At which point they would begin getting paid. They also expect some income from a lawsuit they slapped Qualcomm with. I dunno if its legit or not.
I dunno if this company is even worth .01, but it is seeing some interesting price action. Somebody knows something about it, or at least they think they do. |