AMSC's QTR was slightly better than forecasted. Old habits are hard to break and the only bottom fishing going on is being done by small retail.....you and me longs! Like I said before, give it (2) QTRS from their upped forecast last month and we'll have a $4.00+ PPS. This release was "expected" so anything (((anything))) - new contracts, China, etc.....that equates to a positive "surprise" results in serious upward movement. We need a surprise in order to get the PPS out of its own way! It's been such a DOG for a long time......the sentiment is changing. All of the ingredients are there and they're likely to survive on their own without any suit help so ......... ! What I think we're seeing with the PPS is MM jockeying! Typical! I believe this is the bottom and you don't get hurt jumping out of basement windows!!!!
Not a bad quarter relatively speaking. The real problem is they can't turn a profit without doubling sales and sales are barely growing. Some progress on the expense side. Only enough cash to get through 3 quarters so that needs to be addressed.