The MM's who missed out on the 2000 point rise on the Dow since the bottom back in March have GOT to show gains for the last quarter and for the year 2009. This stock could help them in their cause if they start buying it in volume...get it over 10 and they have a 25% gain to show... JOE
I am cautious going into this cc. If the guidance from the last cc per Crane and Lawler comes to pass we are looking at slightly lower revenues due to seasonality, and a per share earnings loss. What propeled the stock at the last cc was the addition of $35 million to cash position. At last cc the proclamation that more "logos" had been signed in the company's history was also a positive. On the negative commentary side was Lawler's statements about declining "unit volumes" per customer. Which is indicative of a slow global economy.
But look at the tape. This thing has been slowly brought up in the last week or two without significant buying imo. Which seems to indicate distribution.