Short interest as reported 12/31/2012 - 24,439 shares not a large threat suggesting that some of the short positions likely already bought to cover before having to be reported. This is actually good news for longs because it tells longs the short position is still to small to be a major threat and not large enough to have been the number taking BOSC down from $8.20... in English shorts have been buying to cover an admission that BOSC in already under valued. Also still enough to force a little squeezing do to BOSC's low float...
Wednesday Jan. 9, 2013 BOSC confirmed the start of an uptrend on the technical charts. Today (Thursday) higher low and lower high - indicates consolidation. Consolidation occurs as longs are loading and shorts are trying to hold the stock down while buying to cover before a breakout higher. Often the lowest volume day before a breakout.
BOSC is very near a key breakout indicator of $4.68 meaning a print on the day of more than 100 shares at $4.69 will rocket the share price up fast with no resistance and creating a $5.79 target on the day with returning volume that will lead even higher. Shorts in the know will not short BOSC until it breaks the old $8.20 mark and depending on volume probably will wait till either double digits or the earnings report jump to $14 a share. The good thing is a good earnings report usually causes a run into the next earnings report with many ups and downs as investors/traders jockey to grab shares.
Better Online Solutions has been paying down debt and reporting conservative profits in the past due to recent debt reduction expenses. When the past reports are analyzed investors can see the bottom line is improving and that the next report will be a good one.
BOS-Dimex and BOS-Odem are legit take those terms paste them into the browser and search. BOSC should be trading at $14 to $20 going forward. The last run was just warming up and a lot of stock picking services are now pointing towards the lower target of $14 a share.
BOSC regained compliance because it was looking out for the shareholders. Once the stronger hands are finished with the hidden buying pools watch the fast climb and volume increase. This one will have it's first in the millions of shares traded day soon.
The fair consolidation price for BOSC is in the $6's half way between the recent $8.20 high (actually higher after hours) on decent volume and the $4's a severely oversold state. Expect this to breakout into the $6 area soon as the market always picks the middle before deciding on the next move.
The next move could come soon with the expected earnings report supplying the fuel.
$14 price target withing the next month and 1/2
Sentiment: Strong Buy