I bought CTTY shares @$15.56

CTTY is a very small cap stock, it has just 778,184 shares outstanding, considering 3 sources: www.marketwatch.com, www.quote.com and the SEC file for the 1st quarter 2005. With just 778,184 shares outstanding the market cap, at about $16 a share, is around $12M.

The all history chart of the company is this:

The stock shot up more than 300% on the 21th of June because of these news:

Catuity shares soar on software deal

Then there were some developments, the CEO sold his shares and quit the job, the stock had a big pullback and now the short term chart looks like this:

I don't have time to dig more, but I guess the deal with CreditChecks means a lot for a company with just $12M of market cap. The CEO was pretty cautious too, just announcing the deal when it was completed, and there was no relevant activity in the shares before the news.

I'm in @$15.56.

Everyday I will analyze CTTY after the market close until I sell the stock. I always tell I'm going to sell before I actually take action. You just have to follow the answers to this post.

Everyday our team scans and filters 11000 stocks to come up with the 3 best stocks to buy on a short term basis. We run a diversified public portfolio which is up 125% since May 2005. We have great traders in our community which take advantage of short term opportunities in stocks.

If you want to join our community and receive our free newsletter, please register.