Two pieces of good news in one dayNot sure my brain can deal with this - first that other company and now this - how 'bout you Greede and AFool?
I wish this were 18 months ago 'cause then I'd be sure that things would go through the roof on news like this. I'm really hoping we see a significant reaction tomorrow, but am not holding my breath for a couple of reasons:
1) Another company in which I hold a position has in the last 2 weeks issued two press releases announcing over $8M in sales, and another release announcing a significant letter of intent. These are sales that are putting the company on track for exceeding its projections for the year. While the market response has been good, I still don't believe the company is trading at the level it should be.
2) Today's announcement by FAS is great news in that it opens the door to a new revenue stream, but as others have pointed out before, I believe we need to see strong numbers of units being pushed out the door before we start seeing the types of returns we longs are looking for. I'm not even gonna attempt to guess at what Tuesday's going to look like, other than to say I think we're going to go up.