This is topic SCLD: +1% per day, 30 days. in forum Swing Traders at's Bulletin Board.

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Posted by fourseven on :
There's a year-old thread on Hot Stocks for this, but I think it's more of a swing trade situation now, so I'm posting it here.

SCLD - SteelCloud Inc.: closed at 1.410 with 16700 shares traded on August 23, 2007

[..] engages in the design, manufacture, and integration of servers for the public and private sectors worldwide [..] has strategic alliances with Intel and Microsoft [..]

Float is 14 mil, about 0.1% of that is short interest (as of late July). About 10% institutional holdings (Barclay's, Dimensional, Vanguard, Renaissance, California Retirement)

Insider transactions: lots of buys over the last six months or so.. one notable sale , 50K shares by the COO. Looks like he bought 50K common stock last September, and flipped it for thrice the price about a month ago.

Overall, looks better than average. Not that fundamentals' DD is my strong suit..

The reason I bring this up is the chart; it started trending down last spring, bottomed out in October, and it's been trending up in a channel ever since. Nice, wide swings. In fact, looks like it's at a bottom of a swing just about now.

I expect strong resistance around 1.82; that's where it broke down last year. I'm looking for it to break 1.50 .. anything below 1.25 is a red flag. My hunch is, we'd be looking at high 1.70s in about a month's time.
Posted by fourseven on :
Wow, this thing trades like a dog.. no liquidity whatsoever... at least today.
Posted by BooDog on :

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