undercover
عضو نشط
- التسجيل
- 23 يوليو 2003
- المشاركات
- 484
INTRADAY TRADE RECOMMENDATION
Last trade: $0.39
GoAmerica - (AMEX: GOAM)
There is significant evidence that GOAMERICA has turned-around significantly, and should be headed for a permanent move upward. We start with yesterday's press release:
"...the opinion of the Company's independent auditors, WithumSmith&Brown, without the "going concern" language included in the previous year's 10-K. Earlier in the day, the Company announced that it had closed on the equity portion of its $14.5 million financing after receiving approval from its stockholders."
What we have already heard is becoming more evident. The company is in a stronger position. Besides what we see in the financials, the dropping of the going concern language is critical. The company was thought to be on the edge before. No auditor is going to drop that language in this age of increased scrutiny unless that risk is essentially gone. Additional equity financing, which typically is a negative because of dilution, is a sign here that the company is worthy of major money.
We believe it is set for a move up.
Targets:
60 Days - $0.60
Six Months - $1.00
Released to paid members at 12:02 pm on 3/11/04. Will be released to free members intraday on 3/12/04.
Last trade: $0.39
GoAmerica - (AMEX: GOAM)
There is significant evidence that GOAMERICA has turned-around significantly, and should be headed for a permanent move upward. We start with yesterday's press release:
"...the opinion of the Company's independent auditors, WithumSmith&Brown, without the "going concern" language included in the previous year's 10-K. Earlier in the day, the Company announced that it had closed on the equity portion of its $14.5 million financing after receiving approval from its stockholders."
What we have already heard is becoming more evident. The company is in a stronger position. Besides what we see in the financials, the dropping of the going concern language is critical. The company was thought to be on the edge before. No auditor is going to drop that language in this age of increased scrutiny unless that risk is essentially gone. Additional equity financing, which typically is a negative because of dilution, is a sign here that the company is worthy of major money.
We believe it is set for a move up.
Targets:
60 Days - $0.60
Six Months - $1.00
Released to paid members at 12:02 pm on 3/11/04. Will be released to free members intraday on 3/12/04.