Good Morning!
PositiveID Corp. (PSID) is an old friend to many of you. It’s that virus detection company with the big partners: Boeing, the Pentagon, NASA.
Their technology has been getting the company a lot of face time with analysts and institutional investors and even the market media.
But until yesterday, I wasn’t convinced that the PSID price action was ready to ride all that buzz to glory. Now my opinion has changed!
What’s different about PSID now? Load that chart and follow along:
One reason PSID is a legend around here is the day-to-day chop. The long trend hasn’t moved too far lately but the intraday moves are stunning!
Those candlesticks up there have reliably unleashed 3% to 4% per DAY depending on how you measure success.
And lately the moves have widened to 2 digits again, which is what the level of FAST FUN you extreme traders crave!
If that action continues today, we earn our thrill right there! But what really jumps out at me on PSID now is the longer trend.
You see those black lines, right? The floor on PSID has come up about 9% in just the last few days, leaving the ceiling WIDE open.
Meanwhile, PSID keeps meeting milestones on what’s already an extremely interesting pathogen detection technology that works in real time.
I know biotech has had a rough time, but this isn’t a drug that Hillary Clinton can complain about! It’s Homeland Security stuff!
Remember, PSID teamed up with Boeing and booked $2.5 million on the deal. NASA and the Pentagon are also on the table.
As the orders and contracts stack up, PSID is looking to book $4-10 million in revenue through the end of 2015.
That story isn’t really a prisoner of biotech backlash. And IF the market is discovering that now PSID has a WHOLE LOT of headroom!
Either way, I want you in place before the dinky 9% “stretch” we’ve already seen turns into something more substantial.
We’re trading today! Happy hunting.
Sincerely,
Michael Reef
yourstockguy@gmail.com
