Greetings Trader!
PSID became a legend around here when I alerted it last year during the Ebola scare when it took off like a rocket gaining over 150pct.
Now back at the same levels this play is itching to make a more convincing move.
Let’s keep this short and sweet. Load that chart and follow along:
First thing you’ll notice is how PSID has spent the last week punching through the YTD upper trend.
Normally this kind of long strong triangle is a coiled spring too tempting to ignore . . . but this one is already turning the ceiling into swiss cheese.
Maybe PSID has already technically busted out, in which case that upper trend converts into the new floor and the action keeps moving.
If so, it’s early stages. If not, don’t you want to be in position when it does?
Because those of you who remember PSID know this is the company with the virus detection systems developed in league with the Pentagon.
We talked about them back when Ebola and Syria were rocking the headlines and PSID was soaring 3 digits on big waves of fear.
What’s important for us is how PSID has been trying to remember where it “should” trade once you strip out the Ebola hype and all the craziness.
It all rides on the numbers the analysts see when they come up with their targets. Some of those targets would make your toes curl!
How does .48 sound?
Revenue is ramping from near-zero to maybe 6M this year. That’s a multiple booster right there . . . is PSID really trading below 12-month sales?
With math like that on its side, PSID is practically SCREAMING with opportunity, whether it makes glow sticks or Ebola detectors.
All it takes is the right headline to unlock that story. Maybe it’s a big development milestone. Maybe it’s other guys chattering about PSID.
All I know is that as eager as PSID is to bust the ceiling, you can’t wait for the opening bell to get up to speed.
Read in, check the links and that chart again . . . and get ready for tomorrow.
Sincerely,
StockHideout
