Bulletin Board Stock Voyant (VOYT) Off to a Good Start, Close to Breakout
Though we’ve only got a couple of trading days under our belt since we mentioned bulletin board stock Voyant International (VOYT), they’ve been a good two days. Shares closed at 10 cents on Thursday - the day we issued our company profile in the newsletter. As of right now, they’re at 12.5 cents…up 25% since our first look.
Even more compelling is the volume. We’re seeing a significant amount of buying now.
The short-term line in the sand seems to be 13.5 cents. We saw VOYT peak there yesterday, not to mention peaking at that line a couple other times earlier in the year. If the stock can break past that resistance, I really like the odds of a rally. I’d be accumulating on that breakout.
On the chart below you see a peak around 38 cents. What you don’t see is the peak of 76 cents from the middle of last year. Those are my short-term and longer-term mental goals.
Are they acheivable? I think so, though we’re not going to put VOYT in a full-blown ‘trade’ framework just yet. All I know is this company’s market cap is a mere $14 million, and they’re looking at a handful of multi-million dollar deals.
In the meantime, I think this bulletin board pick is starting to get traction, reflecting the underlying company’s potential.
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Small Cap Network readers might want to read why Voyant could be the Next Generation Internet Holding Company
How often does an investor find a way to invest along side with some of the smartest investors in Silicon Valley, at a fraction of the cost, in a publicly traded vehicle, run by execs with billion dollar track records AND on the verge of generating revenues for various new/existing multi-billion dollar markets.
Editor’s response: Mmmmm, methinks you’re a little biased. I’m going to go ahead and post your entry, because you’re basically right - this is a good ground-floor oportunity. Perfect? No. Sure thing? Never. But, it’s worth taking a risk for the reasons you mentioned above. It’s not all ’smiles and sunshine’ the way you describe it though.
My only hesitation - and the reason I’m not pounding the table yet - is that we still don’t have revenues. I personally think we’ll see them, but I make no assumptions.
On the other hand, waiting for that first revenue may mean you miss the initial jump. Sometimes you gotta’ swing on faith. I won’t swing for the fences until I see sales though.
Comment by scott shaffer — 5/14/2008 @ 12:55 pm