Well boys and girls, be careful with this oneI have been watching this one for years, from its fledgling years as EnviroTrac, to recent intorduction into the market inside the XST 'shell'. I originally bought UNDER .20, and sold recently at ~1.75.
The good of XST:
'Sexy' technology
12 million in existing contract over the next 3-4 years
Letter of intent from Sask. Tel. to distribute its products. (Be weary of letters of intent, as they have no reall value, and can be blatantly false with no consequences)
The Bad of XST;
OUTDATED Technology; Most companies doing 'tracking' use chips and GPS (LoJack) Where as XST uses a rather 'large' box, and radio triangulation, therefore VERY limited by region and 'sex appeal'
Recent market activity has been 'hyped' by the 8+ million shares that people who got in on the financing at .25. These share have just become free trading, or are just about to. The price moved to $1.90+ BEFORE these shares became free trading, now that the 8 million new share have come on line (or just about to) there will be a sell off, as their cost was only .25, and they have been 'holding' fo 6 month already.
My target on this one?? $1.00 in the next 3 months, but hey, nothing in todays markets makes any sense, so who knows? We could see $10 ;~)
TOO