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Mitek Systems, Inc. Message Board

  • icgemanagementloser icgemanagementloser Feb 8, 2013 10:34 AM Flag

    Once over $5 = Lots of mutual funds/institutional buyers come in

    Once the stokc gets over $5 = Lots of mutual funds/institutional buyers come in that has been waiting to invest in this company given their investment criteria requires to invest in companies with stock price of at least $5. Also at that point more retail investors will jump in given stock becomes marginable given investors ability to add more as many day traders have 4x buying power under their margin accounts.

    Long term this will be $10 - $20 and higher as company continues to sign new banks, financial institutions, insurers and others for variety of its innovative products. Mobile check deposit is becoming more popular day by day as more banks advertise the feature. Mobile bill pay is another hot and huge sector for Mitek. Also we soon will hear about some big large contracts in pipeline and some going live that have signed up in past. Not selling mine under $20 or who knows even higher imho

    Sentiment: Strong Buy

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