RE:RE:ID News This is my first post on this board, I usually just skim along the sidelines and read the posts of others. I took a position in ID on the 27th after the press release confiming that Identillect had secured First Majestic Silver as a customer, I have spent most of the weekend trying to evaluate the forward earnings of the company and feel quite secure with my holdings at this point in time.
I was pleasantly surprised this morning when I saw the news release issued by ID securing another contract, I assumed I would get a rise in the share price at the close of trading today. if not, I was ready to accumulate more shares...
I have seen many stocks throughout my trading career that have a "can't miss" taget stamped on the share price, over the years I have had euphoric gains and losses..
When going over the last few trades of the day ,the stock definitely took a distorted twist to todays pattern. It appears to me that something of significance happened, what it was I do not know, It may have been someone covering a short position, but my experience tells me it was something more than that..
Will be vey interesting to watch the trading activity surrounding Identillect tommorrow
Regardless, I'm here for now and would like to thank those who have posted informative information on this board, it's nice to see informed investors doing their homework and due dilligence..Thanks for your positive input..
Cheers
May future endevors bring riches beyond your wildest dreams
MRCF