but if you check the SEC filing, the company is delaying its 10K filing because the company is changing to US GAAP accounting and its auditors have not yet audited its results. Just a heads up. Could be a POTENTIAL source of trouble.
Have been on vacation for a long time. Just came back and quite surprised by the move of ACSEF, particularly the past couple of weeks. Traders try to run it up before earning's report. Would not chase this one.
What you say is not necessarily true and given the run the stock has had and the fact that the company DID say in last quarter's 10K that orders are increasing and this quarter looks to be strong, I would think twice before selling this stock or trying to short it. I think that we still have considerable room to run once the report comes out because we have been so undervalued and as we get more and more positive reports we get more and more investor confidence to give our stock a better valuation. Not to mention more investors can come in if this stock holds above 10 which it will this time.
Once we pass the resistance level of $12.50, we should see this stock in the late teens or low 20's. Then, the stock will be attractive to investors and as a result the company will have to announce a stock split.