From the YAHOO board Credit to: Yahoo Poster "cardiocash"
FYI
Just on the announcement of the HeartPen FDA consumer release, this became a 20-30 mil market cap company overnight. After such a huge run up, some weakness was to be expected. Some warrants being cashed in, new investor interest, daytrades who just could have trippled their money and are spinning it for a quick profit. I also respectfully disagree on insider buying--I think it also just as possible of some insider selling--look, the CEO was only making 33k per year, and probably sitting on say 5 million shares at about nothing...wouldn't surprise me if he/or others in the same boat, didn't sell even a million at .30, just to lock in a 330k for the year, and let the rest ride. Not a bad sign at all if so, but then, maybe they have a good idea where this is going and didn't sell a share.
Today's news is very telling. not a "huge" deal in itself, but shows they are moving. Grima states, again and again, about the fast pace at which they intend to move at with "2012 the year of EKG." IMO, they knew the approval was coming with positive FDA feedback, and have been getting their ducks in a row ever since. The AZ deal in Nov. is very telling. So here's how I think the near future will play out:
Some daily continued weakness on the stock. Volitile without news, and declining volume. But, as base becomes established, and I think we're near that point, then we begin a real uptrend.
At first, smaller news will hit the wire--like today, which will in turn move the base to higher levels. Then when more substantial news hits, such as financing/partnership agreements, the stock will be moving up hard (as long as such a deal is very favorable to the company). I wouldn't be surprised if they had a deal set up with someone pre-announcement, and apon seeing the market value and cash generation, are tweaking out details now. News on actual remote center set-ups will add fuel of this sort on the fire. The big stuff will happen when they start reporting orders by the big boys (Walmart et al), perhaps move exchanges, and gains a lot more visability.
Anyway, might nibble on some more, especially on dips, but my boat is pretty darn loaded, and I'm not out to daytrade it. This is still a speculative stock, no doubt, but seems very good from a product point, demand, concept, past and current partnerships, and management. I like the odds a lot.
Grand Slam Potential.
Cheers gralet