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Try to contribute to HT.
AUTH
up 33% today on huge volume on news of expansion in China. previous high 3.09 at the end of July. That was pre-ER run, consolidated until Aug06 ER date. and down to 1.95, which is previous consolidation area high (1.9 to 2.1).
for such momentum play, one should chase early, and be firm in chasing and cutting loss in case initial thrust fails.
FA wise, AUTH has 60M cash, no debt and >100 patents in their tech portfolio, market cap is only 80M after today's 33% up.
It has been losing money (several millions a quarter since the recession started).
All time high was in Oct of 2007, recent low was in last Nov/March, double bottom around 1.2x. The numbers at the low can be used as reference. |
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