+ Watch INVE
on My Watchlist
The Company designs, develops and sells hardware, software and silicon solutions that enable people to conveniently and securely access digital content and services.
Note this has already retraced about 25% since several of us pointed it back down. 4/11 $2.694/12 $5.724/13 Added to caps, caught on the way down at $4.404//14 3.45The "normal price of $2.69 might have been a little low. 62 Million shares on a 30 Million float traded hands in 3 days, so some bagholders might hold longer. In short, I don't expect a complete retrace and those "noticing" this play may not want to jump on if goes much lower.=====================SCM MIcrosystems Inc. announced Tuesday morning that Google had selected them to make their NFC (Near Field Communications) RFID tags for a promo/test Place Pages/Hotspots in Austin Texas, (SCM's home base) ONLY. Some rereleases of their very clear/honest announcement left out the "test" in Austin Texas ONLY. Shares soard on the thoughts of a small cap getting an exclusive contract with a major player such as Google.SCM's nuclear management badges may generate additonal income for the year and some other areas of the business are improving, but overall, expect the speculation has put SCM Microsystem 2X their market cap from a few days ago on what will probably amount to a few million in additional, possible one time orders, to retrace as speculators (investors) start to accept reality.See also this Seeking Alpha article:http://seekingalpha.com/article/263249-a-great-google-idea-leads-to-investor-insanity?source=yahoo
a post on INVE.http://caps.fool.com/Blogs/pump-and-dump-not-this-one/339892.
I have nothing seriously against them other than the bogus 1 day double after the Google announcement. The company either intentionally or unintentionally worded the release very poorly. Either intentional or unintentional shame on them. I'm still after another 10% or so retrace. Overall, they might have some potential if indeed they are still alive under the avalanche that crushed them on their way "down the mountain" from that $128 per share price ten years ago! :)
Closed pick on the way down at $3.16. Reopened today on 20% spike after announcing collaboration, which does NOT equate directly with sales and revenue.I see my call was timely as INVE used the "news" and the spike to announce a share issue just before the close today. The price has not been stated yet, but I expect it to be much lower than the $3.70 it popped to today.
Long ago closed the alluded to re-open on 5/23. Left this one alone of late.Back in after 40% pop due to announced agreements. Show me the money and I'll leave it alone. Highly negative tangible equity, time to issue more shares...
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