3SOF

I've been evaluating SMSI today, which seems to have jumped up on better than average volume.  I think this stock may have potential to go even higher over the next couple of days, ....say around $6.  Does anyone else see it this way?

Looking by the chart, very risky. I think they're much better picks out there with less risk.  That's just my opinion. 

bizjournals.com
IMSI sells Stuffit Expander unit for $12.75M
Tuesday July 5, 5:31 pm ET


Software developer IMSI said Monday it will sell Allume Systems Inc. for $11 million in cash and $1.75 million in common stock to Smith Micro Software Inc.

Updating most recent chart.  Stock still very much bullish. 

i like it.
tuesday decides (earnings).

On my filter today:

Entry: 5.57

Exit: 6.43

Stop: 5.12

I've been wondering how long it would take for one of the members to find this situation. good for you . The ex-wife is a seller of the stock and that keeps a lid on rallies near term. However the fundamentals of this company should be looked at by Michael. I can't post specifics until Dec . However, I can say that recent corporate events need to be examined by some members who can post specifics. I know that a good look will open some eyes ,this is more than a quick trade. 3rd and 4th quaters will be of great interest to the long term future of this stock.

sorry about the second post but for disclosure purposes I need to state I am long this stock and my comments are my opinion only.

saffeysite1
I hope you had a chance to participate

Yes.  I have executed my plan.
Thanks for your DD. Nice work.

Saffeysite1
Hope a number of the members had a good look at this and followed your lead. Up 35% since the 23rd of Sept. Good for you.

Great team work. would you care to speculate 1Reilly, where we go from here.

Seems like a lot of new products hitting the market in a short span.



Nice find.

LJT2
I'm limited in my posting ability until Dec because of licensing restrictions, not insider knowledge. But I can respond to a direct question. Near term the Chairman's ex-wife can continue her disposition of her stock. I believe that this challenges any short term trading plan. However, as an investor, one needs to look at the underlying fundamentals of this company and consider where this stock will be 12 months from now. I suggest you look at the business partnerships with verizon and vodafone, the recent acquisition of allume, the projections for 3rd and fourth quarter earnings, cash in the bank, no debt, small float, and past stock trading activity. Currently, I see Macd-bullish,RS-bullish, Up-down volume-accumulation,10d and 50dma uptrends. However the ex-wife has been an undisciplined seller leading to hard sell-offs. I am long this stock and my comments are my opinion only. Hope this helps you in your dd.

1REILLY
Thanks for your response. I will explore this further, it looks solid.

SMSI was my stock for the second contest ended up 14%. Fridays move to 8.43 may indicate that this will take on dec 04 high of 11.03. Verizon's business is screaming and I think SMSI is looking at a couple of great quarters. This stock is thin and can move big time if the buyers show up. One caveat, former wife of Ceo is a known seller and can show up at any time. One day she be done