Wow, nice to see this keep running up a bit. For dicussion, do you guys think this reaction is just to
the Navy order 1.9M or is it a combination of a few things (first order in a long time, feeling this coudl be the beginning of US dom. military spending coming back, Iroquois "dust" settled removing uncertainty..?). I'm curious how long for instance Jirgs or Captn you think the price will hold up, we do tend to see the doldrums and price declines gradually back to the .90 range, do you think a stock buy back annoucement would be welcome now to further momentum (management confidence....)? I'd love it if they would have bought in the .90's but a purchase now would still be a good sign.
Chris, I have to admit that I didn't think the stock would move so fast on such high volume in response to the new order announcement. It could be that we haven't had anything like this for awhile and it validates the continuing US military interest in LRAD. But given the heavy volume, my guess is that the action over the last couple of days may be due to speculation that those military purse strings are loosening and the market is looking to hear something positive on those potential high volume army vehicles order sometime soon. Also, i think that there is more optimism that the new board members are better connected than the members they replaced and a more aggressive approach is beginning. Almost like a patient coming out of a year long coma.
The price has decisively broken out on heavy volume so I don't think we will see a sell off to below 1 although a normal pullback wouldn't be a surprise. I could be completely wrong, but this feels to me like more news is coming. But I've been disappointed before so take it all FWIW. Good luck.