Southwall Technologies Defies Gravity, jumps almost 9%, Insider Buying!
Last Friday Southwall Technologies (swtx.ob) went up 32 cents, over 22% of its value. This moved its RSI to over 84%!
So SWTX sells off today right? Closes down? NOPE!!!!!
SWTX jumps another almost %9 or +15 cents. Totally obliterating again its 52 week high.
Apparently Speculators are going buck wild on Southwall Technologies. Apparently, websites such as www.smallcapinvestor.com that have written articles helping to promote SWTX are contributing to the growing daily average share volume. Volume was up over 100 thousand shares.
This stock clearly resembles GENC (Gencor Industries) which artificially skyrocketed to $31 before it sold off to it's current price of just over $14.
At some point.... SWTX's value will exceed any conceivable reality of the company and SWTX's earnings report no matter how optimistic will not be able to maintain the insane buying of SWTX's shares and the sky rocketing share price.
What goes up.... Must come down.....
The thing is.... I didn't get into SWTX for some immediate, spike... I got in for the long term.
But, the Non-FOOL part of me says to throw up a limit price of $2.00 a share and start selling.
But the even more INTELLIGENT part of me eyeballs the May 27th INSIDER who bought 500 shares of SWTX: Officer Sara, Burak!
Ya know what I am going to do tomorrow? I ain't sellin SWTX. I am going to increase my stake BIG TIME on a good dip.