Tax Accounting Software Announcement is Significant I am disappointed but not surprised that this is only moved up by a penny. I can easily see this software or the company being taken over by Intuit just for its algorithms. While there is likely other competing similar software, KASH has FMA.
I am not concerned that Penny Ante traders do not realize this. Judging from the volumes, it seems like the houses will slowly start building a position in a stealthy way.
The bottom has been reached. Weak hands have left. Short positions will be reduced. In a way, it’s probably better to be slowly and steadily rising rather than taking off like a rocket.
Cale