StockDoubling.com News
9 March 2007
Hello StockDoubling.com members,
Steve Hoven with your update on ATSX. Currently as of this writing, ATSX is at .30 and stuck in the .29-.35 range for the last little while.
A break above .35 and we should see .40. A break above that and we could see .60.
The company has to come out with their 10Q for the 2nd quarter by March 19th. That report will give us a better idea of what they earned for the quarter, how many new shares outstanding they have, and hopefully they will give some guidance on how the 3rd quarter is looking.
If the news is great I think we could see it above .35. If the news isn't so good than we could be going back into the low .20's.
Assuming they can continue to grow revenue and actually put some earnings on the bottom-line I think it is a great stock to own. If the revenue suffers or they can't consistently make a profit then this company won't go anywhere.
I think with a good longer vision on this stock 3-12 months a person will be greatly rewarded. I think we will see in the next 2-3 months whether this company has really turned the corner and are ready to make it big.
I am holding my shares which are in profit (purchased at .23 for the StockDoubling project.) (I have also purchased additional shares for my Roth IRA at various points.)
We should see some movement once the 10Q is released in the next week or so.
Even if they doubled in share price from current levels that would only mean a $12-$13 million marketcap. For a company that should do $25-$30 million in revenue for the year and is making a profit, and growing at a pace of 100%+ year over year.
It has been about 1.5 months since I first purchased this stock so based on the project of 12 months per stock their is still a long way to go. Unless the company makes some serious bad mistakes in the next 3 months I don't see a reason why this stock won't hit at least .50-.60 in the next 10.5 months.
Look for a new look to the StockDoubling.com site in the coming weeks. I think you will be pleased.
Have a great trading day.
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Thank you
Steve Hoven
alleycatnews@alleycatnews.net
www.StockDoubling.com
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